ImageWare Systems, Inc. (OTCMKTS:IWSY) Inches Up, Awaiting Earnings Announcement
While ImageWare Systems, Inc. (OTCMKTS:IWSY) drifted sideways in the last few weeks, it sank into less-active tickers. But the last two days came with a new pickup in volumes. The ticker closed at $2.37, up 2.60% as nearly a million shares were mopped up in the past two trading sessions. The volumes are not extraordinary, but they show a robust interest that is propelled even past the due date of press releases. 
The major reason behind the pickup in buying may be the upcoming announcement of quarterly results, which will show if the biometrics company has made a difference in the last period, making its technology more influential. While companies like IWSY may have intriguing offers, bringing them to market is sometimes a hassle and before the tech becomes a hit, it may test the patience of investors. 
The last filing for IWSY showed:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
- $122 thousand revenues
- $3.4 million net loss
Clearly, IWSY has a downside that it struggles to compensate. But the ticker has managed to hold onto respectable levels even without an email campaign. While we don’t exclude the opportunity that a pumper would pick up IWSY to boost its record, so far the stock is a bit overpriced compared to other small cap offers, and may not be a choice for fast gains, as pumpers prefer.
IWSY recalls the moves of Virtual Piggy, Inc. (OTCBB:VPIG), the maker of an online small personal finance service. The stock also rose on strong press release activity, reached $3.40, but slid down to $2.20. The mark for companies that have a better shot of success is not an outlandish service, but a common one, attractive and known enough to serve as a cash cow. In this respect, IWSY‘s bid to offer easy biometric identification for smartphones may create rapport with users.
Speaking of hot technology, Sigma Labs, Inc. (OTCMKTS:SGLB) tried to ride the wave for 3D printing, but the rise in price was temporary, and the ticker lingers around 6 cents, reaching a peak of 13 cents a few weeks back.
If you need to choose a ticker from the web-based or technological sector, it is best to do your own research, and not trust the promises of future growth. That growth may take longer than the stock can wait, and a breaking of good rising trends may be painful to your portfolio.
