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TheStreet Open House

Authentidate Trading Volume Spikes

Stocks in this article: ADAT

* In addition, there are more reasons to suspect that something may be right around the corner, which were outlined in a previous commentary titled Authentidate: Big Bet On A Small Company.

There is no doubt speculation going on, but we should remember that management bought 990,000 shares themselves last year.

We also have a healthcare bill being passed that has provisions penalizing those who don't implement the electronic medical records and other digital solutions offered by companies such as Allscripts (MDRX) and Cerner (CERN).

The government wants to ensure that once patients leave the hospital, they are well taken care of and don't need to be readmitted, because that is a very large cost involved in healthcare.

With over $19 billion being allocated for health information technology, Authentidate is one of the many companies set to benefit.

Disclosure: Gupta was long ADAT at the time of publication.

Ankit Gupta is a private investor who blogs about his stock picks at SelectedFinancials.com. Gupta focuses on undervalued companies, with a strong margin of safety, but also a strong case for why they will make a better investment than others. Ankit used to run his own business, later selling the client base, and is now on the board of Purdue?s Publishing Foundation while finishing his degree at Purdue University.
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