Liquidmetal Technologies Inc (OTCMKTS:LQMT) Is A Runner Ahead Of Open Day

Before we get going, take a look at this article, dated August 30, 2017. The piece highlights Liquidmetal Technologies Inc (OTCMKTS:LQMT) as a company to keep and I am heading into the final quarter of the year, with the driver behind our thesis being an upcoming investor open day, slated to take place on October 17. LQMT Daily ChartSometimes at this end of the market, you don't need a complicated, in-depth analysis to set up a potential bullish argument. In these sorts of situations, it's all about identifying general sentiment and asking the question – is there anything that might turn this sentiment around near to medium term?In the case of Liquidmetal, the answer is yes, and the something is the above-mentioned open day.Luckily, we managed to draw this conclusion before the majority of the rest of the markets and were able to highlight the potential turnaround to our readers before it started to come into effect. As mentioned above, our highlighting of this one came on August 30, 2017. At the time, Liquidmetal went for $0.32 a piece. Fast forward to the end of this week (so we're talking around 10 days, or slightly less, than our previous coverage) and the company is set to open on Friday at $0.40 a share.That's a quick and easy 25% run on nothing other than getting in ahead of a sentiment shift.So what is likely to happen going forward?To put it simply more of the same. As mentioned, this isn't a complicated thesis. This is a company that, up until the middle of last year, was only able to move on confirmation or uncertainty surrounding rumors of its links to tech behemoth Apple Inc. (NASDAQ:AAPL).Fast-forward 12 months and it's a changed company. A billionaire Asian investor is now CEO and is driving both innovation and expansion for the company. A brand-new manufacturing plant just opened in North America and the facility dramatically expands the operational capacity of Liquidmetal, both in line with current activity and potential future revenue streams.Cash balance is sturdy, dilution risk is minimal and revenues are up and increasing quarter over quarter.In other words, everything is moving in the right direction and, what's more, on October 17 this year, the above-mentioned CEO and lead investor is going to take a group of shareholders on a tour of the brand-new facility. If it is everything that recent company communication has suggested that it is (and we have no reason to think otherwise, especially given the willingness of management to share the facility with the outside world) then said shareholders are going to make their voices heard about how and why this new facility is going to make a difference to Liquidmetal's valuation going forward.Like we said, this is a real simple bull thesis but it's simplicity far from invalidates it – quite the opposite.Sure, there exist risks associated with an exposure right now. The company has just made new highs and there is every chance that we might see a near term correction from these highs as the shorter-term operators pull profits off the table and close out their long positions. The correction shouldn't get down to the $0.32 a share at which we highlighted the stock, but that doesn't mean it won't.Once this portion of the market has exited, however, there's a very high chance that we will see Liquidmetal shares pickup once more and the overarching upside momentum return to the stock. We are looking for a break of $0.40 (assuming we do get a correction) ahead of October 17 to bring with it an upside pop as investors load up ahead of the event.You can find our previous coverage of this one here. We will be updating our subscribers as soon as we know more. For the latest updates on LQMT, sign up below!Image courtesy of Simon Strandgaard via FlickrDisclosure: We have no position in LQMT and have not been compensated for this article.