Netlist Inc. (NASDAQ: NLST) is rising yet again after being on a tear last week. This stock came under attention because of its launch of Netlist’s HyperCloud memory module for servers. This morning the company said that at Supercomputing 09, it is demonstrating the world’s first 16GB 2 virtual rank double-data-rate three, registered dual in-line memory module. Average volume was only about 150,000 last week but now the average volume is approximately 300,000 shares. At 8:40 AM EST we have already seen 350,000 shares trade hands and the stock is up 14% at $5.10. The 52-week trading range was $0.14 to $4.83. Last Tuesday this was not even a $1.00 stock to show how much it has risen. And the stock more than doubled in price on Friday on over 11.4 million shares. If this is not an inflection point for traders, that must be close. The caveat is that this is only an $88 million market cap even after last week’s exponential rise.
-JON OGG
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