Rochester, NY 2/11/2010 1:03:48 AM
Conolog Corporation CNLG On A Stellar Rise Some Still Leary
Conolog Corporation CNLG currently trading 2.57 Up 0.27 (11.74%) has seen its shares head for the stratosphere gaining 110% over this past week. This based (at least in part) on announcements concerning productions and orders. While on the surface this seems promising, these are clear indications what investors should turn a cautious eye toward any indications or methods that may control shareholders, investors and certain investor awareness campaigns.
The majority of the lofty gains came after the communication company reported the completion of certain field testing and production of its GlowWorm fiber optic detector. Additionally shares received a boost when the company received advance orders of over $1.9 million over the coming fiscal year.
Looking at this rise from $1.25 to $4.72 in just over a week, many investors are running to jump on the money train while others are turning a jaundiced eye toward a stock that has lost 99.9% of its value over the last decade on a split-adjusted basis.
The stock is trading 2.51 Up 0.21 (9.13%) as this is written.
About Conolog Corporation
Conolog Corporation, together with its subsidiaries, engages in the design, manufacture, and distribution of small electronic, and electromagnetic components and subassemblies. Its products include transducers, which are electro-magnetic devices that convert electrical energy into mechanical and other forms of physical energy, or conversely convert mechanical and other forms of physical energy into electrical energy; digital signal processing systems and electromagnetic wave filters for differentiation among discreet audio and radio frequencies; audio transmitters and modulators for the transmission over telephone lines, microwave circuits, or satellite of electrical signals obtained from transducers, data generated in electronic code form, and by computers.
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