Solar3D, Inc. (OTCMKTS:SLTD) Rebounds Before The Weekend
Solar3D, Inc. (OTCMKTS:SLTD) had a bad couple of sessions last week, after its latest quarterly report hit the web, but managed to recover some market value on Friday.
As evidenced by the charts, investors didn’t find the red flags contained in SLTD‘s report off-putting for very long. The hype was re-kindled, and long-term investors and opportunistic traders alike jumped on the “cheapies”, which pushed the price up immediately.
But that’s not the only reason SLTD stock prices rose on Friday.
An article portraying SLTD in a very favorable light was published on the popular site Microcap Daily on that same day, and that kind of got people’s attention. It’s not every day that a respected analyst calls SLTD bullish, and praises its potential, so when it happened, that sort of caught people’s attention.
Still, although investors could focus on the company’s achievements and aspirations, it would probably be wise to also keep an eye out for its shortcomings. And the cold hard facts indicate that SLTD currently has about $1.28 million in the bank, with which it intends to run operations AND purchase two additional companies to bump its revenues all the way to $100 million per annum.
We’ll leave it to investors to decide on their own how plausible that is. Still, a word of warning seems to be in order. As the old saying goes – “let the buyer beware”.