Thursday, March 28, 2013

Altair Nanotechnologies (ALTI) Reports 4Q'12 Results

Altair Nanotechnologies (ALTI) reported 4Q'12 results and the market opens in 30 minutes. The 4Q'12 press release wasn't a pleasant read, so I'm clueless as to how ALTI will do today. Back on March 15th ALTI closed at $2.08; yesterday (March 27th) it closed at $2.84 (intra-day high $2.88). ALTI has gained ~36% in two weeks, so today (02013.03.28) might be a tough day given the 4Q'12 results. If only I had a crystal ball...

I have paused typing this posting to await the market opening... 15 minutes and counting.

The market's been open for 10 minutes and ALTI's day range has been $2.72 - $2.80. Trading volume is already at the trailing-3-month average. I'll probably update this posting when the markets close.

[Update::02013.03.28] ALTI closed at $2.80, down ~1.4% for the day. Intra-day range: $2.60 - $2.84 (previous close). Trading volume was ~40,000 vs. trailing-3-month average of ~10,000. ALTI has a SIR (Short Interest Ratio) of 18+.

[Update::02013.03.28] I read the transcript from Altairnano's conference call. I liked what I read. It would be a huge boost to the GDT::Portfolio if ALTI would become a top 10 stock.

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