Is the smart money moving in?There has been no news released...

Is the smart money moving in?

There has been no news released since the last quarterly, but both the turnover and the share price have shown a steady improvement.

What can be the reason?

I believe we are going through an accumulation stage before the next quarterly issues. For those who are prepared to invest now without any new news suggests to be that they are know more about the stock prospects than the average punter.

The company recently released a new version of their software at the end of December and it must be fair to assume that there were a number of prospective clients who held up their subscription until the new version was released. If so the next quarters results could be well above average.

I think the smart money is on to this and expect the accumulation to continue. Not at a fast rate , but just steady accumulation.

Happy to watch.