Liquidmetal Technologies, Inc. (OTCBB:LQMT) Creeps Up Ahead of Earnings
As we predicted, Liquidmetal Technologies, Inc. (OTCMKTS:LQMT) is gaining in the days leading up to the financial results, expected tomorrow. Although without a great change in price, LQMT is bought up in rather high dollar volumes. This expectation has been holding up the stock near its heights despite the lack of other promotional activity. 
On Tuesday, dollar volumes exceeded $2.3 million, and the ticker now stands at 19 cents after adding 1.6%. The last four days were a minor buying trend, with low but stable daily volumes of around 25 million shares. 
LQMT is a risky bid, with high hopes for a longer-term perspective. The ticker, however, is very reactive to promotional efforts, and easily loses steam when there are no emails or PR messages to boost interest. Now, the contents of the financial filings will set the mood for the new trading session. The previous results revealed some deficits:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
- $122 thousand revenues
- $3.4 million net loss
The new year will show how the contracts of LQMT to supply amorphous alloys have managed to fill up those holes, and if the net loss has become narrower. So far, LQMT has managed to keep close to the 20-cent levels, but negative results may bring it back to the habitual lows. On the plus side, even without constantly mentioning the potential to supply the materials for a hypothetical iWatch from Apple, Inc., LQMT is holding up well.
When it comes to new technologies, the promises make or break stocks. The 3D printing wonder Sigma Labs, Inc. (OTCMKTS:SGLB) is now trying to dig itself out of a hole, moving around 5 cents, and alternating days of buying and selling.
Globalstar, Inc. (OTCMKTS:GSAT) is yet another technological contender, offering wireless connectivity services. The stock went up on a promotion, and now reached 60 cents despite the short-term fluctuations.
It is hard to say if LQMT will survive and hold its higher prices. While the company may surprise with new promotions and developments, it is possible that 19 cents is the wrong price. It is best to stay away unless you are very aware of your preferred time horizon and the losses you can afford.
