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App Developer Andiamo (ANDI)
Issued with .01+ Price Target
By: staff reporter, John
Bodger
Last Updated: October 12, 2011 - 11:25am EST
(NEW YORK) --Andiamo
Corp
(Pink:ANDI),
a developer of mobile smart phone applications, has been building
trader interest and may be setting stage for run up to the psychological
$0.01 price level.
ANDI
has been grabbing a lot of attention from the trading community,
and based on recent news, and technical chart signals, the stock
may be setting the stage for a run up to, and possibly past, the
$0.01 mark.
The Company has recently announced the release of 28
new mobile apps, and more interesting a platform for users
to create their own mobile applications.
.01+ Price Target
Ludlow Capital, a small cap equity research firm based in New
York, issued a note in their premium
newsletter (subscribe)
that ANDI's stock has the
potential for a run up the .01 mark. With
around 900 million
outstanding, the reduction and elimination of
debt, possible spin-off or divestment of their Title Insurance
business, and now reporting a profit, a price of $0.01 would only
equate to a market cap of $9 million, which isn't that
unreasonable for a company like Andiamo.
On a technical bases they made note of ANDI's potential break
through its 200-day moving average, and notes $0.0033 as a key
trigger price to watch for change on longer-term trend.
For now investors continue to wait and see what sort of guidance
may come from the company regarding the current quarter, and rest
of the fiscal year. ANDI was last traded at $0.002 per share, on
very low volume. (see
chart)
* Note: to receive alerts on stocks like these enter
your email on the top of this page
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was
compensated four hundred thousand shares of ECDC for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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