Published on Jul 29, 2013 2:54 am
WSGI (World Surveillance Group Inc.) closed up 61.07% yesterday, after announcing after the close Thursday, that they were launching a lawsuit against La Jolla Cove Investors, Inc. The news was clearly taken very well by investors, as buying pressure greatly increased, eventually seeing more than 3.3 million shares traded. This amounted to more than 6 times the average daily volume seen by this company. We are interested in keeping an eye on this play for the duration of these lawsuit proceedings because if they do indeed win, we may see WSGI catapulted forward very quickly due to the excited momentum that would undoubtedly be sparked by such a development.
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