Liquidmetal (LQMT) Contines Higher into Apple (AAPL) EPS
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Liquidmetal Technologies (OTCBB: LQMT) shares are ripping higher Monday heading into AT&T (NYSE: T) and Apple (Nasdaq: AAPL) earnings reports.
Traders might be anticipating more news surrounding a potential deal from Apple to use Liquidmetal technology in its next iPhone, tentatively called the iPhone 5.
Since rumors surfaced last week, shares moved from 15 cents to a close at 41 cents last Friday, up 170 percent for the period.
Today, the stock is up an additional 40 percent or so, but was up well over 50 percent at one point. Volume Monday is also heavy, about 7 times the trailing three-month average.
Traders might be anticipating more news surrounding a potential deal from Apple to use Liquidmetal technology in its next iPhone, tentatively called the iPhone 5.
Since rumors surfaced last week, shares moved from 15 cents to a close at 41 cents last Friday, up 170 percent for the period.
Today, the stock is up an additional 40 percent or so, but was up well over 50 percent at one point. Volume Monday is also heavy, about 7 times the trailing three-month average.
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