Will someone tell these guys there is a stock market correction going on? A 13% loss in 8 sessions and no faltering - I keep waiting for some weakness so I can pile in... nothing.
ASEI is up today on the
"official" announcement of the news we put on the blog LAST week (
Jan 9: American Science & Engineering Awarded $67M Contract)
- American Science and Engineering, Inc. (AS&E®) (NASDAQ: ASEI - News), a leading worldwide supplier of innovative X-ray detection solutions, announced today the receipt of a $67.1 million order from the U.S. government for a significant quantity of ZBV Military Trailers™ (ZBV Mil Trailer™) — a ruggedized version of the Company’s patented, top-selling Z Backscatter Van™ (ZBV™) cargo and vehicle screening system. The ZBV Mil Trailer will be deployed by the U.S. government for counterterrorism applications in harsh environments.
- The ZBV Mil Trailer is a new AS&E product designed and developed with the support of the U.S. government. Like the conventional ZBV, this system is ideal for screening vehicles for car and truck bombs and is easily relocatable in mission-critical areas.
- “I am very pleased to announce this milestone order from the U.S. government for the ZBV Military Trailer,” said Anthony Fabiano, AS&E President and CEO. “This sizable order reinforces the continued value the U.S. government places on our proprietary Z Backscatter™ technology to secure checkpoints and borders from vehicle-borne explosives and other high-risk contraband. With technology based on the highly successful Z Backscatter Van, the ZBV Mil Trailer is designed to meet the evolving security requirements of the military for both counterterrorism and force protection applications.”
On a serious note - stocks putting on this sort of display in a horrid market are names you want to "invest in". If you are a daytrader - just wait a few more hours/days and its time to play DryShips again since global growth is here soon! Or REITs! Or that cool retailer or las vegas casino... any moment now.
Long Sequenom, American Science & Engineering in fund; long Sequenom in personal account
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