Tiger Telematics (TIGR)

This company's primary product is a feature-packed gaming unit it calls Gametrac. That device was briefly reviewed by Geekzone on the 28th of December 2003 and in the same article we were informed of its upcoming unveiling at the 2004 Consumer Electronics Show (CES) in Las Vegas.

Well, the show's almost over, Gametrac's received great reviews, TIGR share prices have soared from a nickel to 29 cents in less than a month, and in this watcher's opinion TIGR shares are on their way to a dollar.

In just the past week, with about 15 million TIGR shares changing hands at levels over 25 cents, the company's shareholder base has undergone substantial change. Specifically, given the rapid runup, especially amidst such heavy volume; it stands to reason that only the most loyal investors remain and that most "new" shareholders should not hypothetically become a measurable profit taking threat until share prices approach the 40 cent region.

Another wonderful aspect of rapidly rising share prices amidst real high volume is that such trading clearly demonstrates the existance of a sizable and favorable supply-demand imbalance. In a proverbial nutshell, it is clear that for the past month the collective demand from "new" investors wanting to establish TIGR positions has outweighed the collective supply of shares generated by "old" investors lightening and taking profits - if this were not true, why then are share prices rising?

With these thoughts in mind, Sparky's expecting a Real Strong open on Monday - 01/12/04, probably over 30 cents, followed by a pre-noon jump to as high as 35 cents. And, based on the chatter I'm seeing so far this weekend, Spark's also looking for Extremely High volume, perhaps over 3 million shares. And, if volume were to even approach the 6.7 million shares traded on Tuesday - 01/07/04 - which could happen with the CES just ended - we could even be looking at 35 cents in the rear view mirror!

And if what Sparky's predicting here does happen, it may explain why for the past six weeks Michael Carrender, Tiger Telematic's CEO, has been purchasing TIGR shares in the open market, some as recently as last week, even at near-record-high prices!

Thanks for listening - Your Questions & Comments are always welcome -