I was out of the office for most of the day Friday but came back this weekend to see that Netlist, Inc (NLST) went up another 100%. What is most important is the heavy volume on the upside in the final hour of trading.
I don't own this stock but keep an eye on it for Monday, I am expecting a gap higher in pre market and possibly more upside. Check out the news last week..... Also, they will be at a tradeshow all next week in Portland, Oregon.
Netlist Launches World's First 16GB, 2 Virtual Rank Memory Module
New memory module, HyperCloud, enables 384GB of DRAM in a dual socket server
Netlist, Inc. (Nasdaq: NLST), a designer and manufacturer of high-performance memory subsystems, today launches HyperCloud(TM), the world's first 16GB, 2 virtual rank (vRank) memory module for servers. A double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud maximizes server utilization to improve datacenter application performance. HyperCloud allows 384 Gigabytes (GB) of dynamic random access memory (DRAM) to be populated in a single dual socket server, reaching unprecedented levels of server performance.
HyperCloud utilizes Netlist's patented rank multiplication ASIC technology to fully populate three memory channels with 16GB vRank RDIMMs. Four physical ranks are hidden from the memory controller hub and presented as 2 vRanks. Dual socket servers can then be fully populated with 24 16GB 2 vRank RDIMMs reaching a total capacity of 384GB.
I don't really have a prediction.....this is more of a stock to watch. Right now It's for trading purposes only. I plan to buy if it breaks through the high of the day or pulls back into the low $3's.
NLST plunged going into the close yesterday but it popping a little in pre market. The volume is still solid so I continue to trade it. Not holding NLST overnight however!