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Market Pulse: CORRECT: Metal Storm wins Boeing weapon sys study deal Thursday July 21, 12:28 pm ET By Gabriel Madway
SAN FRANCISCO (MarketWatch) -- Metal Storm Ltd. said Thursday that it has been awarded a contract from Boeing Co. to conduct a study to determine capability specifications for a weapon system that will meet unique user requirements. Financial terms were not disclosed. Metal Storm is a defense technology company headquartered in Brisbane, Australia.
I jumped in on the dip under $3.00.
SBLACK
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The Boeing news is big. I think there is still some steam in this one. Just might bust that 52-week high ($5.74) in the upcoming weeks.
Your well into bullish territory, and are overbought, but for good reason.
Good Luck!
net10708
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I don't know. A study is nice, but an order is even better. MTSX lost CEO a year ago, been recovering ever since.
SBLACK
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I'm sure your right to be cautious but this may be the opportunity they need for recovery.
Unique Soul
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Thanks for the replies. I'll be holding for a while.
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