October 23, 2005
SAFLINK corporation under attack?

SAFLINK responded Wednesday on the unusual volume trading. The stock dropped dramatically when more than 10mln pieces of stock were traded last week. In two weeks time the stock came down from $1.22 to a poor $0.80.
The cynical sentiment in the Yahoo Message Board was typical for this time of year. With the Fall just underway, this drop was not what the various investors needed :-(
It looks like someone is trying to obtain a 10% position within the company. My predication? It's my guess that an important announcement regarding the companies ownership will be published before the end of November. The company is rapidly changing it's strategy regarding biometrics and I wonder if this is for the best. For now I recommend a Strong Hold.
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Interesting take, but isn't this more likely just a case of distribution? Further analysis on The Microcap Speculator.
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