ImageWare Systems, Inc. (OTCMKTS:IWSY) Deepens Downward Trend

The picture for ImageWare Systems, Inc. (OTCMKTS:IWSY) becomes more and more depressing, as the ticker finally chose a direction- downward, and departed the habitual levels at which it drifted in the past month. The ticker sank to $1.72 as it lost more than 7.5% on selling above $1.2 million. Tuesday’s trading also started on a downward note, with small sales dragging the ticker immediately to $1.65. It seems this fall will hardly find a bottom.

While the company did not get to those levels on promotion, it was heavily reliant on press releases, stating that IWSY was ready for a big future supplying biometric services. But the markets grew tired of the stagnation, as IWSY moved away from peak prices and barely held on to levels around $2.

IWSY rode the fame of Hewlett Packard, as it quoted its expert interview with Mr. Steve Lazerowich, security director. The leading company mentioned that in-depth security is in the future. Though how exactly this would translate into earnings for IWSY is still questionable.

Currently, IWSY is equipped to ride that hypothetical trend, with the following financial strengths and weaknesses:

• cash: $1 million

• total assets: $6.3 million

• revenues: $1 million

• net loss: $5.6 million

And if you are looking for a more accessible ticker that still keeps its levels, try again Liquidmetal Technologies, Inc. (OTCBB:LQMT), a producer of curious, though still limited amorphous alloy elements. LQMT also tries to service the mobile device industry, although recently there have not been news on Apple and the potential to add to its products.

Sigma Labs, Inc. (OTCMKTS:SGLB) is having a smaller three-day trend downward, sliding down to 8 cents. The ticker could not rise above a ceiling of 13 cents about a month ago.The company promised a lot based on the 3D printing industry hype, but could not come up with enough to show in the days of its promotion and the thick of PR hype, so it retreated to trade lower.

If you are still looking at the potential of IWSY, do your own research and stay away unless you can afford to lose on a deeper correction. Otherwise, the company may be boosted by press releases and rebounce, but so far its business plans and its stock price seem to be disparate and the levels achieved look like the fruit of PR hype.