TASER International, Inc. TASR
We re-tagged TASR in yesterday morning’s watchlist along with a link to the new PR pertaining to the influx of orders for body cameras from several law enforcement agencies across the country (View PR).
We’ve been tracking this play continuously since we first inserted into our reports the day before Thanksgiving. Over those 5½ sessions, we’ve observed a low of 20.79 (12/01), followed by a gradual rebound to back above the $24-mark.
In this morning’s premarket, the stock has thus far made its way to a high of 24.72, which represents an increase of 19% over Monday’s low. We’re going to want to keep close watch on this play as the national dialogue over the need for more stringent police oversight continues to heat up. As we stated in one of our previous reports on TASR, TASER is already a trusted name in law enforcement/personal safety products, and thus a natural choice for many of the agencies now considering the implementation of body-worn cameras.
Alaska Communications Systems Group, Inc. ALSK
ALSK is running like a scalded dog in concurrence with an after-hours PR from yesterday regarding the sale of the company’s wireless division for $300M.
Already up over 60% in premarket trading, we’re going to be on the lookout for a dip-and-rip setup to occur. After a big initial push, we’re no strangers to sniping out profits on a course correction and subsequent rebound.
ANCHORAGE, Alaska–(BUSINESS WIRE)–Alaska Communications (ALSK) has entered into a transaction to sell its remaining wireless assets to GCI Communications, Inc. (GNCMA) for $300 million and plans to use net proceeds to de-leverage its balance sheet. A stronger balance sheet, combined with top and bottom line growth, better positions the company to evaluate a variety of additional opportunities to create shareholder value.>> Full PR
Barristas Coffee Company, Inc. BCCI
We also have a possible momentum play to add to the mix this morning. In the wake of a PR announcing BCCI’s uplisting to the OTCQB yesterday, the stock began to trade up off of a bottom and bull-rushed its way to close at its high of day (.05). The move occurred on more than 7X the monthly average volume, and any time we see momentum like that, we go on full alert for a potential continuation into the following session.
Extended Watchlist:
TRVN, IDRA, GERN, ICLD