Wednesday, May 6, 2009
The Stock Also Rises
As a commenter on the company's Investor Hub message board noted, Alloy Steel International (OTC BB: AYSI.OB) was up 39.29% today on 6x average volume. It's nice to see the stock move up for a change, particularly with its earnings release expected next week, but I think this says more about the inherent volatility of an illiquid, low-float, micro-cap stock than anything else. I still expect the company to post a loss when it reports its quarter. Maybe there will also be some encouraging forward-looking statements though. We'll see.