Liquidmetal Technologies, Inc. (OTCBB:LQMT) Drops Further as News Go Quiet
When a stock starts to move sideways, we start to look more closely, waiting for a bigger move in either direction. And Liquidmetal Technologies, Inc. (OTCBB:LQMT) is now going seriously downward, losing 3 cents from 18 to 15 cents, though on relatively low dollar volumes. The news or promotions for LQMT have been silent for a while, and the long lack of interest finally overwhelmed the ticker.
LQMT had some pretty dramatic runs in between 15 and 20 cents in the past month, as it struggled with being shot from a usual price of around 5-6 cents to a new peak. But the 220% list from July 17th was hardly repeated.
LQMT is not heavily promoted, and mostly relies on press hype and future promises. Some of its power came from participating in the Apple, Inc. supply chain with a small detail of amorphous alloy. But the material did not take part in Apple’s new designs, as the next iPhone came in bright plastic casing.
In the past days, there was a minor insider purchase at $0.18, by director Mark Hansen. In the past months, there has been some insider purchasing at below-market prices, as well as option exercises, but only a small part of the company’s 369.5 million shares outstanding. Total insider shares held are a bit more than 72 million, an amount that could sway markets, but only for a while.
On Tuesday, ImageWare Systems, Inc. (OTCMKTS:IWSY) was threatening to dig down deeper with the losses, as its PR campaign also lost steam. But in the past two days, the ticker picked up again from $1.72, and opened on an upward note on Wednesday. IWSY is struggling to present enough biometric security solutions, as one of its targets is mobile device users.
Sigma Labs, Inc. (OTCMKTS:SGLB) is for now keeping the downward trend, with so far limited daily losses. The only reason we could point to is the lack of new press releases or emails. All the company’s claims of how 3D printing could change industry seem to have worn out in a few short days, causing a spike in price along with an emailed promotion, but little else.
With the end of the year already in sight, LQMT may come up with news and plans, and still keep activity high enough. But for now, the Apple products drama seems to have played out completely. Now, new industries may offer opportunities. But even if you are looking at this ticker’s longer-term potential, it is best to know that the stock has a high potential to lose a lot of its value in a few days.