ImageWare Systems, Inc. (OTCMKTS:IWSY) Found Bottom at $1.50
ImageWare Systems, Inc. (OTCMKTS:IWSY) is remaining shaky, adding a few percents after a few days of deepening losses. IWSY added more than 11% on Wednesday, reaching $1.46 on dollar volumes above $1.46. We have to wait and see if IWSY digs any deeper below $1.50, or hovers around that range. At opening, IWSY moved quickly toward $1.55. 
After a relatively long silence, IWSY is back with a new press release, this time about an industry-specific webcast interview. But it turns out, the largest part of the discussion on biometric security came from Hewlett-Packard security director, Mr. Ed Keegan. Since the news surfaced in early trading, it may affect Thursday’s trading directly by reminding of the company.
Investors’ forums ascribe the recent slide to impatient investors that locked in gains quickly, and this implies a trust that in the end, IWSY would fare well within the biometrics sector. And it is encouraging to notice that IWSY rose without the boost from an email promotion.
The next few months may be eventful, containing at least quarterly results, but also developments on providing fingerprinting services for mobile devices. IWSY has the advantage of not only providing security hardware, but also the software on biometrics, which means it may quickly enter the mobile device market by creating an application for reading fingerprints.
The tech sector rose up strongly during the summer months, only to slacken a bit as the promised contracts and products were slower than the patience of investors could take. Also, September proved to be the traditionally slow month.
Several tickers bounced up together with IWSY a few months back. One of them, Liquidmetal Technologies, Inc. (OTCBB:LQMT) had a strong day on Wednesday, adding nearly 19% to 14 cents, managing to keep into its usual range. LQMT also awaits its contracts and sales to show an improvement over past quarters.
Sigma Labs, Inc. (OTCMKTS:SGLB) also slid in September, but started to recover in the new month, moving from 9 to 14 cents, though with some days of deep cuts to the price. SGLB moved up quickly in the summer months on promises of the success of 3D printing, and upcoming patents and contracts for specialized printers aimed at manufacturing aviation industry parts.
If you believe IWSY was prematurely pushed down to lower levels, it is still best to think well on the time-frame, and avoid investing unless you can afford another downward movement.
