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SOYO will be reporting earnings tomorrow and the stock is breaking out. It's been under constant buying pressure but its been held back by the MM's.
MACD just crossed. Money Flow into SOYO has been positive since January and its been on a steady climb higher. Nobody is selling out of this!! Volume accumulation has spiked over the past 2 weeks. RSI just crossed 50 on this current trend higher.
And today ended with some good volume to push the stock higher. This stock should continue to rise tomorrow and if the news is good, which it should be, SOYO should breakout EASILY over $1.
Long term, this is a definate buy. Once the Honeywell TV's & monitors hit the stores, this stock will never see $1 ever again. All their revenue right now stems from the sale of SOYO Lcd's which are doing well in the lower tier tv's. But I think the Honeywell tv's will be huge for this company.
posted
I'm all over this stock. I'm holding 13K shares right now. Just wish I had bought more a couple days ago at .66
Posts: 5 | Registered: May 2008
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Dont forget that the next goal for SOYO is getting on the AMEX. They just need the pps to get to $2 and then they'll be able to get listed. Thats the only thing holding them back right now.
Posts: 5 | Registered: May 2008
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Money flow into soyo has been constant. Looks like most people are holding onto this stock....waiting for something big. And once that happens, it will be tough to hold this back.
delt16- who's on the ask?
Posts: 5 | Registered: May 2008
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No surprise - Nite * .82 If they would just go away, Soyo would run. Its always Nite on the ask, trying to keep this down.
Posts: 340 | Registered: Jan 2004
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Its really starting to look like they might have a great quarted to announce or some other big news along with it.
Posts: 5 | Registered: May 2008
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Soyo was over sold and all the indicators were sating buy, but I think theres more to it. You might be right about the big news or better than expected earnings.
.10/EPS would be nice With a market cap of only 42 mil, they're still way under valued with revenue of 110 mil and .06 eps.
This is a solid company.
Posts: 340 | Registered: Jan 2004
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Here go the MM's trying to drive this back down. Its been all buys going thru all day. Then over the past 10 minutes, a couple 100 share sales have gone thru and now nite forced the ask from .89 to .82
Bid & ask are both .82
These mm's are crooks!!
Posts: 340 | Registered: Jan 2004
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The market always wins. If there was alot of support it would not drop like that. Lower volume stocks do this.
Posts: 1377 | From: Ohio | Registered: Mar 2004
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I'm very surprised with the low volume. Although its above average today, its still low. I just think that nobody is selling their shares. Nothing but buys all day.
But the market makers are creeps. I think they drop the price like that to shake out the weak hands.
one order filled at .82 and now its back to .85
Posts: 5 | Registered: May 2008
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