ImageWare Systems, Inc. (OTCMKTS:IWSY) Speeds Up the Slide

ImageWare Systems, Inc. (OTCMKTS:IWSY) is a ticker that always poses the question- will it become more active? With middling volumes and a long, slow slide, IWSY only lately started shaping a sharper trend. On Tuesday, the stock lost more than 12% on selling volumes of $1.15 million, the highest since the selling spike in mid-September.

IWSY proved that it could not hold to higher levels and add more to its price, and slid to $1.31. The day opened with tentative buying, showing that for IWSY, there still may be prices that are considered bargain levels.

IWSY has been silent with press releases or promotions for weeks now, and the promises for contracts and future business are wearing out. Message boards reflect the disappointment, as the shares move without a direction or news. Now, IWSY has to face the rest of the week, and to show how deep the downward pressure can drive it.

The tech company sector among penny stocks was hotter a month ago, when several tickers shot up on a combination of paid promotions, but also padded with interesting technological promises. Now, most of those appealing investments are unraveling.

One of those stocks was Liquidmetal Technologies, Inc. (OTCBB:LQMT), which started strongly with promises that its products could easily fit with several vibrant industries, including automobiles and smartphones. But in the last quarter, the prototype sales for LQMT flagged, and left the stock to drift directionless, also without the support of regular news announcements. LQMT is currently opening with a gain, a bit above 14 cents.

Another sharp disappointment is Cloud Security Corp. (OTCBB:CLDS), which was sold off once it reached 80 cents.

For IWSY, some real news on a contract would be a booster, which could justify the high hopes and higher price from a few months back. It seems the hype from the summer is still staying with some investors, which are left wondering why IWSY does not deliver.

If you find that the current prices are a bargain, be aware that IWSY wiped out almost half of its value in a few months, and decide well on your preferred time frame and acceptable level of losses.