COYN – On the way back up?

COYN was an alert that I put out for our readers almost 2 months ago.  It was a stock that I wrote glowing things about and believed in strongly.  How did the stock reward me?  It jumped up by about 20% and then dropped like a rock.  It seems that the MM’s and investors wanted to dump stock and they drove the price down.  I have watched it ever since waiting for the time that I thought that it might be a good time to re-enter. That time IMHO has come!

To review, COYN or COPSync, Inc. a software company that offers COPsync, an integrated software product that provides a real-time information sharing network for law enforcement and public safety officers.  The company has minimal revenues to date, but is very long on potential.  The market potential for their product is huge and, according to the company, they are the only ones in the market offering this functionality.

Here is the chart:

From a high of 64 cents in early June, the stock has dropped to 17 cents in yesterday’s trading.  The stock still has good volume so it can be an “easy-in, easy-out” stock.  The stock is oversold and with the MACD making a turn positive (and it looks like it might cross the signal line), the potential for a run back up is very possible.

I would like to see some fresh PR come out on COYN, but since I don’t control that end of their business, I’ll just have to hope.  The company looks to have the staying power to get their software into the marketplace.  I think that it is only a matter of time before this one heads back up.

Keep it on your radar and be ready to move when it turns.

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