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Something is definitely going on here...
Might grab me a little today considering the strange amount of buying near the close lately...
Grrrh-Should of followed my gut and bought couple k at ask .97 today
Was so hard no volume---wonder why all the volume near close again? just to mess with our heads ? lol
CJJD- Again huge buying right before close...
http://ih.advfn.com/p.php?pid=trades&symbol=N%5ECJJD
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm???
Avg daily vol = 9k
Interesting surge in volume EOD Friday.
Added to watch list for this week,
Cheers
WFSC current-ACTIVE+1 par value only 9M A/S ,http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145#
FIRST FILING OUT RECENTLY AFTER almost 3 years then 20% of o/s has been bought:
$0.0300 13,900 OTO 01/08
$0.0300 5,179 OTO 01/08
$0.0300 10,333 OTO 01/08
$0.0300 15,583 OTO 01/08
$0.0300 9,417 OTO 01/08
$0.0300 71,500 OTO 01/08
$0.0290 37,612 OTO 01/08
$0.0250 12,388 OTO 01/08
$0.0250 60,000 OTO 01/08
$0.0180 10,000 OTO 01/08
$0.0180 10,000 OTO 01/08
$0.0180 1,000 OTO 01/08
1 par value-very rare, 2m o/s
VLOV- low float on the run...1M share float...earnings should be first week of April...
TBOW volume alert! 1.46 x 1.49 1.58 HOD
IMO, someone thinks it's worth more than the $1.46 offered by management.
Well done bud! Nice conviction and patience
TBOW 1.41 x 1.43 :} Steady, but slowly building.....
I think there is a lot nmore than the advertised bid by the current management: Look at the past highs over the last 2 years and what they have setting up right now with the mobile payment system platform for some large cellular operators.
If not, been in since .85. Bought it on alark when TeBOW was being played by the NFL.
TBOW - can you chart please. Steady mover readying for a "run" imho.
TBOW - someone has been buying for ~ 1 week. Slow, but steadily going up, a penny at a time.
CLNT-Might be Ready again. 1.5M float
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=CLNT:NAQ
SBLK-Waiting here for Low Float Liftoff
SBLK: Star Bulk Announces Agreements With All of Its Lenders to Defer Up to Approximately $24 Million of Its Principal Repayment Obligations for Years 2013 and 2014, Reclassify $7 Million of Restricted Cash to Free Cash and Waive Certain Financial Covenants
http://finance.yahoo.com/news/star-bulk-announces-agreements-lenders-112500744.html
I'll stay away if it's on the pinks now...
I think it got delisted but 7% stake taken
November 7, 2012
HEAT William J. McGrath reports 7.0% stake in SmartHeat
WOW i didn't even know this was trading again and down to .50?lol
I'm sure the fundamentals are not very strong here?
I'll have to check it out...
HEAT-On Strong Bottom Watch
Started to trade again
http://www.theflyonthewall.com/permalinks/entry.php/HEATid1736008/HEAT-William-J-McGrath-reports--stake-in-SmartHeat-
WOW i missed this one, definitely worth watching here...
INOC-Another low float on da run
Float: 2.35M
http://finance.yahoo.com/news/innotrac-corporation-announces-2012-third-220000966.html
DSTI- Volume Alert!
Average volume 17.95k
Shares outstanding 2.20m
Free float 1.39m
What about $BWOW. Looks good only 4.9M outstanding so has to be low float. Looks like they just need some more people to get this to run.
DPDWD low after R/S but profitable:
Net income (loss) per share, basic and diluted
$ 0.06
Weighted-average shares outstanding, basic and diluted
10,197,000
Deep Down Reports Second Quarter 2012 Results
- Net Income $639 thousand
- Modified EBITDA Increases 86% to $1.4 million
- Backlog $17.7 million
PR Newswire
HOUSTON, Aug. 9, 2012
HOUSTON, Aug. 9, 2012 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDWD) ("Deep Down" or the "Company"), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported net income of $639 thousand for the second quarter of 2012, an improvement of $685 thousand over the same period in 2011.
OPERATING RESULTS
For the second quarter of 2012, Deep Down reported net income of $639 thousand, or $0.06 income per diluted share, compared to a net loss of $46 thousand, or $0.00 loss per diluted share, in the second quarter of 2011.
Revenues for the second quarter of 2012 were $7.9 million. Revenues for the second quarter of 2011 were $7.1 million. The $0.8 million increase in revenues in the 2012 period compared to the 2011 period was due primarily to an increase of $2.3 million in our subsea solutions operating segment due to continued strong demand for our technologically innovative solutions, offset by a decrease of $1.5 million in our ROV and topside equipment rental services due to decreased demand.
Gross profit for the second quarter of 2012 was $2.9 million, or 36 percent of revenues. Gross profit for the second quarter of 2011 was $1.9 million, or 26 percent of revenues. The $1.0 million, or 10 percentage-point, increase in gross profit in the 2012 period compared to the same period in 2011, was due primarily to a $1.9 million increase related to our subsea solutions operating segment, due to strong demand for our services. This was offset by a $0.9 million decrease related to our ROV and topside equipment rental services due to weaker demand.
Selling, general and administrative expenses ("SG&A") for the second quarter of 2012 were $2.0 million. SG&A for the second quarter of 2011 was $1.4 million. The $0.6 million increase in SG&A in the 2012 period compared to the 2011 period was due primarily to a $0.3 million increase in bad debt expense, and a $0.2 million increase in share-based compensation expense. We also had no reimbursements from CFT (our joint venture) for management services in the 2012 period, compared to $0.2 million in the 2011 period. Partially offsetting these increases was a $0.1 million decrease in professional services fees primarily as a result of a reduction in accounting and auditing fees.
The Company's management evaluates its financial performance based on a non-GAAP measure, Modified EBITDA, which consists of earnings (net income or loss) available to common shareholders before net interest expense, income taxes, depreciation and amortization, and other non-cash and non-recurring charges. Modified EBITDA was $1.4 million in the second quarter of 2012. Modified EBITDA was $0.8 million in the second quarter of 2011. The $0.6 million increase in Modified EBITDA in the 2012 period compared to the 2011 period was caused primarily by increased gross profit before depreciation expense of $1.0 million, partially offset by increased selling, general and administrative expense before share-based compensation of $0.4 million.
WORKING CAPITAL
At June 30, 2012, we had working capital (excluding the current portion of long-term debt) of $6.0 million, including cash and cash equivalents of $4.1 million. Our total long-term debt at June 30, 2012 was $3.0 million. We believe our current cash balance, in addition to cash we expect to generate from operations, will ensure that we have adequate liquidity to meet our future operating requirements.
EXECUTIVE MANAGEMENT
Ronald E. Smith, Chief Executive Officer stated, "This was the Company's strongest second quarter performance since 2007. We are extremely satisfied with what our subsea solutions business was able to achieve in the second quarter of 2012. We added approximately $6.3 million to backlog bringing total current backlog to approximately $17.7 million. We continue to be disappointed with the performance of our ROV and topside equipment rental business, and as a result we are exploring various options for returning this portion of our business to profitability."
About Deep Down, Inc.
Deep Down, Inc. is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, distributed and drill riser buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowncorp.com.
OPHC- OptimumBank Holdings, Inc. Announces Second Quarter 2012 Results
Today : Tuesday 31 July 2012
OptimumBank Holdings, Inc. (Nasdaq:OPHC), the parent company of OptimumBank, announced today a net loss for the second quarter ended June 30, 2012 of approximately $(0.8) million, or $(.03) per basic share, as compared to a net loss for the same period last year of approximately $(2.0) million, or $(2.40) per basic share. The 2012 second quarter loss increased from the previous quarter's loss of $(0.6) million primarily due to a $154,000 provision for loan losses recorded in the June 2012 quarter as compared to a $27,000 provision recorded in the March 2012 quarter. Chairman Moishe Gubin said, "We are still experiencing some weakness in real estate valuations, but overall we believe the real estate market in Florida has stabilized and local values are rising."
The net loss for the six months ended June 30, 2012 was approximately $(1.4) million, or $(.05) per basic share, as compared to a net loss for the same period last year of approximately $(3.1) million, or $(3.82) per basic share. The $1.7 million reduction in losses for the comparative six month periods was primarily due to a significant reduction in the provision for loan losses in 2012 as compared to 2011. The year to date provision for loan loss was $181,000 during the six months ended June 2012 compared to an $894,000 provision for the same period in 2011. Chairman Gubin said, "Operating losses appear to be stabilizing as we continue to focus our efforts on cost containment and income generation."
The Company improved its credit quality during the June 2012 quarter with non-performing assets declining during the quarter by approximately 12% or $4.2 million to a total of $30.8 million. Chairman Gubin commented, "Returning to profitability depends on reducing non-performing assets and originating new loans. We are focused on both strategies with our emphasis on lending to small and medium sized businesses." Lending volumes rose during the June 2012 quarter with $4.4 million in loan originations.
The Company's capital ratios exceeded its regulatory capital requirements at June 30, 2012, with a tier one leverage capital ratio of 8.63% and a total risk-based capital ratio of was 13.18%. The Company expects to raise additional capital during the September 2012 quarter with an additional $2.7 million investment from Chairman Gubin, subject to regulatory approval, and approximately $2.0 million from other investors. Chairman Gubin said, "I believe the Company has a great future and I am here to support it."
The Company recently upgraded its internet business banking systems and offers a wide array of lending and retail banking products to individuals and businesses in Broward, Miami-Dade and Palm Beach Counties through its executive offices and three branch offices in Broward County, Florida.
TGAL-Check this out
http://stockcharts.com/h-sc/ui?s=tgal
Tegal to buy CollabRx in all-stock dealAP(Mon, Jul 2)
Tegal Corporation names James Karis as co-CEOtheflyonthewall.com(Mon, Jul 2)
James Karis Teams With Tegal’s Thomas Mika as Co-CEO of Tegal CorporationBusiness Wire(Mon, Jul 2)
Tegal Corporation to Acquire CollabRx, Inc.Business Wire(Mon, Jul 2)
GENE
http://stockcharts.com/h-sc/ui?s=gene
Float:
8.86M
Coming off DB--could break 50 and 200 day at once
Nice catch CJ..
DSTI-Low Float on the run
http://stockcharts.com/h-sc/ui?s=dsti
TY LG--I think EFUT still has room to run--the close should be telling
Nice one CJ missed this one
ISML only 5 million float. Moves very fast. Check out the news:
ISM International receives $10M in funding PR Newswire
CLEARWATER, Fla., May 18, 2012
CLEARWATER, Fla., May 18, 2012 /PRNewswire/ -- ISM International, Inc. (Pink Sheets: ISML) is announcing that they have reached an agreement with a private investment group for 10 million dollars in cash funding spread out over the next 24 months.
Four years in the making, this deal enables ISM to expand immediately. Terms of the deal are confidential, but will not result in any common shareholder dilution. ISM International will show a balance sheet item of $10M, which increases the resultant value of ISML stock based on cash value by approximately thirty cents.
"We are raising our revenue projection from the MyGirl™ product line following the receipt of this funding and that is a great step forward for the company," states Mario Quenneville, CEO of ISM International "These funds enable ISM to immediately speed up the manufacturing and distribution nationwide of MyGirl™ products. Additionally, we will be able to work, develop, and complete our new green energy technology.
The net result is additional job creation, which is one of my primary objectives as a corporation. Funding has already been made available and the company has already moved forward to utilize the money to begin production. We appreciate the diligence and belief of the investor group in our company and appreciate our shareholders sticking by us as we have worked to provide this capital injection. I'm confident that the MyGirl™ products will thrill consumers throughout the United States "
Contact: Mario Quenneville, 727-542-0700, mario@isml.us
EFUT Came Alive Today-Ultra Low Float
http://stockcharts.com/freecharts/gallery.html?efut
•eFuture Becomes a Provider of Mobile Cloud Services for Nestle Water(R)GlobeNewswire(Mon 8:00AM EDT)
•eFuture Schedules 2012 First Quarter Earnings Release on Tuesday, May 29, 2012GlobeNewswire(Mon 8:00AM EDT
Float: 2.82M
KNBA has one of the lowest floats I have EVER seen. They are going public in the U.S. and just yesterday they filed their Form 10. They are a Japanese Casino Gaming company.
Pretty big company with 1,000 employees and large revenues.
The float is only 162,000 shares.
SGOC - earning expected on or before May 15th (coming Tuesday). Bought more today. 2$ looks to be the bottom so far.. I am expecing one bagger from here by next week.
Some DD:
2.6 Million share float...trailing p/e of 1.33 now
SGOC recently sold their Hong Kong subsidiary, Harmony Group for $76M. This will reflect on their upcoming annual report. Very good deal for the company if you read the details.
http://www.streetinsider.com/Corporate+News/SGOCO+( style='background-color:yellow;'>SGOC)+Sells+Honesty+Group+Holdings+in+$76M+Deal/6953025.html
*SGCO also upgraded their auditor to Grant Thorton last July
*IBS SECURITIES LTD has a Buy rating and $6 pt from report issued last February.
http://www.mzcan.com/us/SGOC/irwebsite/docs/SGOCO_IBS_02_Feb_2011.pdf
DRAM-Low Float Getting VOLUME Alert
http://stockcharts.com/c-sc/sc?s=dram&p=d&yr=0&mn=6&dy=0&id=p94128547442&a=265492133
Look at the CMF!
50k block went thru Today
Dataram Signs New Term Sheet with Existing Lender
Press Release: Dataram Corporation – Thu, May 3, 2012 2:47 PM EDT
PRINCETON, N.J.--(BUSINESS WIRE)--
Dataram Corporation [NASDAQ: DRAM], a leading international manufacturer of computer memory, storage and software products, announced today that it has signed a new term sheet with its existing lender. The term sheet provides for a reduction in the interest rate of approximately 25%, the elimination of the three clearing days for calculating the outstanding balance and increased availability based on formula by approximately $1,200,000. The reduction in interest rate and clearing days will result in lower finance costs for the term of the agreement. The term sheet is subject to final documentation and the establishment of certain financial covenants. The total line remains at its current level of $3,500,000.
VOCS - low floater breakout on earning beat, Chart & DD
http://scharts.co/IHR5Oz
Float: 19.17 Million
Institution ownership: 52%
Insider ownership: 5.4%
52 week high: 33.70$
52 week low: 11.95$ (strong reversal from bottom)
Recent earning beat the expectations.. Company provided a conservative 2nd quarter earning and word on the street is that company will beat 2nd quarter earning as well. This company used to earns 20 cents+ per quarter during last few years.. It fell to this low PPS due to recent acq and lower guidance.. In recent earning they raised the FY12 earning guidance. And since then the bullish break out in progress.
I am expecting this to test 20$+ range in short term since this is moves so well due to low float..volume has picked up in last two days.. And accumulation is going up as well.
I agree buddy, worth watching indeed
Nice list buddy.. will be good keep a watch on these in coming weeks/months
Agree CJ. SINO chart looks primed for bounce.. and with such huge insider holding & low floater.. all we need is a trigger to get this going. strong watch from nowonwards
Know your self better before trading;
- If you are Daily, Swing or Trend Following trader who is addicted to play big breakouts (On The Run), congrats, you are in the right place.
Simple short term trader concern more with Technical Indicators.
but there is situations that we need to deal with first before jump and buy a stock;
a) What kind of Stocks should we look for?
b) If I'm Daily, Swing or Trend Following trader, does Fundamental matters?
c) How long I can manage to hold tight to this stock?
d) When is the right moment to buy?
- We should look for stocks under $5, with O/S under 20M. (Supply & Demand) plays the main role, in order to get a decent profit up to 25% in one trade you should consider low float companies that can be accumulated fast with a few of big money investors or MMs. i.e. When they buy with $100,000, big difference in PPS will be noticed. Don't go to companies with 100M O/S and more, in-front of each buyer there will be ten sellers ready to sell and happy with 0.5% gain, it will lead you nowhere.
- When you run your stock screener, you should look for stocks that have a Current Ratio > 1. And this is fair enough as fundamental indicator to look for, why?. Current Assists/Current Liabilities >1 means that the company has the ability to meet its current debt with no near time stress that forces the company to issue more convertable notes, which leads to Dilution. Think about it, If you are in debt and this debt is due within the next 6 months or so, and you do not have any source for covering this debt, what is your first choice, right, issuing more shares (Convertable Notes). So this Current Ratio >1 most likely will prevent you being a victim to (Pump & Dumb Cheme).
- The hard part is to discover a real up-trends in its beginning to ride and collect a decent profits, and here we can start to look at Charts and use technical indicators, Charts & indicators will lead us when to check-in and when to check-out.
While working with Charts it is very important not to use indicators that gives same signals, but use as minimum as you can and keep your chart clean and meaningful.
Here, we will use Weekly, Daily & One Hour Charts,
Using Darvas Box & Aroon Indicator only. You should be fine.
With the help of our group members we all agreed to follow this simple rules.
1) Respect each other.
2) Help each other with stock education.
3) PPS from $0.001 to $5.
4) O/S no more than 20M (Supply and demand).
5) Entry signal; On weekly Chart; High of the current bar MUST be higher than the highest high of the last 4 bars, On a Daily Chart; High of the current bar should be break up Darvas Box & Aroon Indicator up plot crossed down plot.
6) Follow the Charts, use Stop Loss, do not swim against the trend.
7) Exit Signal when Aroon Indicator down plot cross the up plot, or price break down Darvas Box.
8) Enjoy the momentum but do not fall in love with your stock, you will sink with it. Remember there are a lot of great companies around not just this one.
NOTE: Their is no guarantee, remember to Do your own DD as always, only play what you can afford to lose.
All the best,
Tamer Abbas
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