Investing in Taser: Break above $11
By Ian Cooper
It was May 3, 2007 when I recommended the underlying Taser stock, and the January 2008 10 LEAPS calls (LXFAB) to Early Alert Trader readers, who had the opportunity to buy on the cheap on a following, brief sell-off. It was May 29, 2007 when I reiterated my bullish stance right here in American Capitalist.
And I’m doing it again… I’m reiterating my bullish stance for the third time in a month after shares of the troubled, shocking company broke above $11 just yesterday. I even marked the time of the $11 break: 11:46 a.m. EST.
And why shouldn’t we be bullish? Taser just won its 45th court case. It received an order for a foreign law enforcement agency, on top of three domestic orders. Plus, consider that CEO Rick Smith exercised stock options to obtain 504,000 TASR shares; and the fact that seven studies found that Tasers do not cause cardiac dysrhythmia.
Yep, the buzz is back… Better still, according to reports, there are currently 40 countries testing TASRs. There’s the potential for big orders from France. And, according to Merriman, there’s the belief that “we are on the cusp of seeing an acceleration of international orders for TASR, with this expected to take place as soon as 2H07.”
There’s still plenty of time to long shares of Taser if you haven’t done so already.
Take Care,
Ian L. Cooper
Early Alert Trader
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