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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.
Posts: 3 | Registered: Jul 2005
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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!
-------------------- The road is full of potholes, and the car has no pothole guard... Yet the sun still allures the moon to bid her farewell until the stars cry with pain because the potholes are rough. Posts: 52 | From: Jamestown , CA | Registered: Jul 2005
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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.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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I'm sure your right to be cautious but this may be the opportunity they need for recovery.
-------------------- The road is full of potholes, and the car has no pothole guard... Yet the sun still allures the moon to bid her farewell until the stars cry with pain because the potholes are rough. Posts: 52 | From: Jamestown , CA | Registered: Jul 2005
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