ImageWare Systems, Inc. (OTCMKTS:IWSY) Jumps Back Above $2

The climb of ImageWare Systems, Inc. (OTCMKTS:IWSY) is getting amplified, and the ticker broke through $2 again after drifting for a few months. IWSY is still not promoted via email, but it receives robust attention on investors’ forums. IWSY added more than 18% on Friday on buying of above $943,000, to stand at $2.02, as just a few days ago the ticker almost caused panic by sliding below $1.50.

IWSY has shown it can last on self-propelled interest, and any piece of news could further accelerate the trend. The biometrics industry is booming, and the only problem is too may producers are fighting for orders.

In the past, IWSY has shown that it could gain momentum to climb as high as $2.80, though past performance is not an indicator, and investors’ forums point to panic oftentimes, coupled with a mass exodus of positions. Now, Monday after the good streak last week would be a day of reckoning, showing the general mood and how long IWSY could sustain another upward trend. The other problem is that IWSY has been waiting for news for several days now, and the optimism may get tired.

Other technological tickers are having an up-and-down time. Liquidmetal Technologies, Inc. (OTCBB:LQMT), a star that rose along with IWSY, is now at 16 cents after several minor peaks and valleys. LQMT, just like IWSY, awaits to prove itself through contracts and broader sales.

And Sigma Labs, Inc. (OTCMKTS:SGLB) had an encouraging run, but could not sustain it to break through the 20-cent levels, sliding back to 17 cents at the end of last week. The company shows a similar story to IWSY, also awaiting a breakthrough in contracts.

Now, the new week will show if IWSY can hope for a more vigorous growth, and if the $2 levels won’t prove a cause for panic and a setback. The setback in September was ascribed either to that panic, or a large seller that was shedding positions, so this adds to the optimism for this stock to go on above $2. And there is speculation that IWSY may be rising on unannounced information that is yet to become public.

In any case, IWSY has shown some support, and if you generally like the company and its promise, it is still best to think of a suitable time frame, to avoid absorbing unaffordable losses.