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$WFSC .009 >> ask 014 >Cheap !? !!
C'mon use Da $Costa-Rica power
$WFSC .01 >CHEAP ????
>> Active on >> sos NC.>> some DD!!
AS >>9M >>par value $1. !!!!!!!
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145
$WFSC .015 >>.01 X .015 >> Active on >> sos NC.>> some DD!!
AS >>9M >>par value $1. !!!!!!!
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145
http://www.bankofasheville.com
and see it takes you to this site
http://secure.firstbancorp.com/ hmmm?
As you see WFSC on OTCMarkets
this is there site
http://www.bankofasheville.com
http://www.otcmarkets.com/stock/WFSC/company-info
AND notice this First Bancorp $12.80 (Nasdaq)
www.otcmarkets.com/stock/FBNC/company-info
SEE here: https://secure.firstbancorp.com/about-us/company-information/stock-performance and click continue
http://finance.yahoo.com/q?s=FBNC&d=v1
XXXXXXXXXXXXXXXXXXXXXXXXX
Quote:
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First Bank was established in Troy, North Carolina built on a commitment to care for customers like no other bank, providing genuine community bank service and helpful solutions from local bankers who care about doing what’s right. With more than 75 years of dedicated service, that commitment has not wavered. First Bank proudly serves 28 counties in North Carolina, with locations in South Carolina and Virginia, for a total of nearly 100 full-service branches and is the fourth largest bank headquartered in North Carolina with approximately $3.3 billion in assets.
$WFSC .015 tiny flirts
You Filed any cheap 1?
ASK >>>.012 >> we need the >>TOUCAN power$$$$
I have no idea~ That person needs to get their head checked out though Lol! i'm holding the ones i got!!! I'll add more with updates from Weststar!!! Not a lot of interest here though... Interesting to say the least!
$WFSC .015s
Who selling 0055 >>> when Par Value = $1.!
$WFSC .0055>>>> -72%
http://www.otcmarkets.com/stock/WFSC/company-info
9M a/s CONFIRMED!!! float is under 1M !!!!!!!!
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145
FDIC seized Bank Of Ashville (wholly owned by Weststar, it's holding company). All assets were given to FirstBanCorp.....and now most likely WFSC is just a debt ridden shell with no assets. According to FDIC regulation, when the FDIC seizes a bank and transfers those assets to another bank, the FDIC nor the acquiring bank owe any obligation to the former shareholders. So...no merger is in play, however FirstBanCorp does now own Weststar assets (Ashville Bank).
I see ... sure someone will grab them ...
Even cheaper now >> ask 02
WFSC cant wait to hear about merger these .03s will look so cheap HEHE
Let's say there are 500 stocks run daily through iHub. Let's also say you see using whatever software you have set up, those 500 trading when the market is open, and you see an additional 100 that don't trade on Ihub.
Knowing that most symbols are overplayed with multiple bag-holders at different levels.... which symbols would you prefer to look at, DD?
Of course, it would be the 100 you scan that seldom come up on a regular bases.
Now the big question is.... and you already know what I'm going to ask?
How would you know the less played 100 if you didn't know the 500 played regularly?
Asked another way.... if you read 600 symbols during trading while the market is open between .001 to .05c, could you through process of elimination pick out the 100?
Bottom line is you need to know at least a little about the 500 so that when they come up in real-time? You take a quick glance and move on, this one in your opinion is not optimal for trading.
So you need to know what NOT to play... in order to know what TOO Play.
WFSC came up on my scanner, and using the above method it was easy to spot. Moved it immediately to L2 & Time_Sales.... watched how it traded while in research-mode.
I have a data base of about 1500 or so between .01 to .05c so that when one comes up that is less played or not played at all it's easy to spot [since I know the database] and then quickly DD/Research and make a decision to process further or move on.
Again, scanning back and during the day the 7th of Jan was easily recognizable as a disparate volume day.
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=27717&i=WFSC&pv=recent-symbols&pp=WFSC#&&vs=634956310595032407
One of the keys in looking at historical is not too put to much emphasis on Dec 27th with 44k volume. Because if you did, the 120k or so during the 7th before close would not have looked that significant.
If you see a high volume day count the days back and of course divide by 10. Here it was easy, one day rounded off, 44k another 3k = 47k / 10 4.7k or 5k_approx.
Then when you had the 5k in mind during one's first scan on high volume Jan 7th, and say it already had 120k, that's 120k vs 5k_volume 10dayavg
Ultimately what your looking for is approx. 7x to 10x volume when spotted going back 10 days.
120k / 5k = would have been 24x the 10dayavg. volume which would be an extreme case. Making it more of an alert.
WFSC good stuff.
sc
Thank you!! I think my problem is finding/how to even locate these "new" symbols to look for in the first place.
What prompted you to even sniff in the direction of this stock, with all of the thousands of stocks that have some activity on it, daily. TIA
Evening, man I have been busy... forgot about this one tooling around in my closet with a few.
Every time you see a new symbol to you personally try and use this tool first: http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=27717&i=WFSC&pv=recent-symbols&pp=WFSC#&&vs=634956110401451989
Using an analogy... picture your first year of Med School viewing your first few xray's along side a 15 year veteran.
The idea is.... reading data MUST become repiticious to the point of over-kill to understand values within historical, and using the 10day moving average forum you may already know about.
If you take the above 200 days back what do you see in a trading pattern? High volume days verses other day?
Start with 1/7//13 http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=27717&i=WFSC&pv=recent-symbols&pp=WFSC#&&vs=634956110401451989k
Count back 10 days... and what do you get as an average?
It would look something using the 7th and 10daya back.
WFCS .005 191k vs 5k volume 10day average.
If you divide the 5k into the 191k that's approx. 38x the last 10 days average volume. That is huge. Not so much the actual volume but the change or disparate volume.
So let's say you spotted WFSC that day, and took time to look at both L2 & Time_Sales. Without both, trading strategies cannot be formed with all tools being used.
Since you are a non-subscriber, I'll post my activity on the 7th:
I didn't say that much on this particular stock the day of... but I'm sure I was thinking the same thing as with other 10Day Alerts.
How is both L2 & Time_Sales reacting together....
WFSC .003/.01 setting up nicely here 191k now SuperC 01/07/2013 03:06:06 PM
WFSC .0021 on 50k now .005 SuperC 01/07/2013 03:03:33 PM
WFSC .002/.003 http://www.otcmarkets.com/stock/WFSC/filings SuperC 01/07/2013 02:49:58 PM
So, you see a new symbol you don't recognize, you check the trading pattern. You then watch it L2 & Time_Sales because there are quite a few clues when watching both allowing you too see different trading strategies Market Makers set up before a run.
A lot more too it but those are the basics. You also need to know enough about which symbols trade a lot on iHub in order to know the ones that don't. That way when the one's that don't pop up within your software? It's time to check historical, financials, website, check to see who's talking about it on iHub, chatter.. what's being said, etc.
In other words if you really want to take trading seriously you need to subscribe too include ihub data in your bag of DD Points.
Stock Data
iHub Data
Chart Data
In reference to WFCS on the 7th.. it was the WAY>>> it was trading that day, and not which Market Maker was lined up... that helped solidify the possibly of a good play coming up.
Hope that helps a bit.
sc
How do you guys find this stuff ahead of everyone else. Geez, frustrating
Got me some this week >> Good DD from TUCAN !!
VERY LOW SS >> Par value $1 !!!!!
Yup!!! What's up Carlito~
$WFSC .024s looks interesting here~
Looks really likely here.... .024 gone .025 up! WFSC
taking over, merger? $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
about 20% of o/s has been bought here
2M O/S,9M A/S, and 1 par value:
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145
Literally......ahahahahah
yep, this one is $$ in the bank ... lol
Nice DD find on the links-Thanks! WFSC
Follow the DEEP Pockets >>> is the way to make $$
WFSC paperthinnnn
nice to see ya here ....
Hey Toucan! Grabbed here- WFSC
nice ... I got a few.
k, bought and added more this week
waiting to see this play out (merger)
U still own this one !?
$WFSC >>http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=27717&i=WFSC&pv=recent-symbols&pp=WFSC
click on >>Trade Activity ^^^^
great info, 1 per value,only 28k cap
$WFSC .017 >> sos NC. >>Active !!
AS >>9M >>par value 1. !!!!!!!
http://www.secretary.state.nc.us/corporations/Corp.aspx?PitemId=4587145
WFSC, $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
looking for a monsta move here
CHEAP NOW,.012 THEN .05,15% of O/S has been bought at .025-.03 range LAST WEEK
WFSC click here http://www.bankofasheville.com and see it takes you to this site http://secure.firstbancorp.com/ hmmm?
As you see WFSC on OTCMarkets
this is there site http://www.bankofasheville.com
http://www.otcmarkets.com/stock/WFSC/company-info
AND notice this First Bancorp $12.80 (Nasdaq)
http://www.otcmarkets.com/stock/FBNC/company-info
SEE here: https://secure.firstbancorp.com/about-us/company-information/stock-performance and click continue
http://finance.yahoo.com/q?s=FBNC&d=v1
Hi greaseball ...
count me in, follower lucky #7 here. wasnt able to get in today, hopefully looks good in the am here, sc and toucan
all I can say is ... "holding" haha
That's probably the best kept secret, but one factor that sets this apart is that I'm estimating maybe 80%+ plus volume lately has come from outside-ihub.
If few are posting, are those buying coming from yahoo or other sites? I don't think so... chances go up substantially that someone or some entity knows what is taking place before further News/Fins.
Petty much a rule of thumb for me in regards to less-played-ihub-symbols.
Also better chance of survival, lol
How far will this go? We don't know, but what might be is that as the price continues it's already built into whatever is coming down the path. So we need to be careful about that, fyi
Profits in, and this is nothing of a long or short term play unless as we are playing.... somethings released with excellent forward-looking PR material.
sc
do you think they are merging w/http://secure.firstbancorp.com/
WFSC
WFSC $195M in assets 2010-2M O/S no brainer
WFSC see all these locations http://locations.firstbancorp.com/locations
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Weststar Financial Services Corporation Has No Investment in Freddie Mac or Fannie Mae Stock
https://www.bankofasheville.com/
Home Page:
Corporate News: http://finance.yahoo.com/q?s=WFSC.OB
ASHEVILLE, N.C., Sept 18, 2008 /PRNewswire via COMTEX/ -- The U.S. Department of Treasury and the Federal Housing Finance Agency recently announced that Freddie Mac and Fannie Mae were being placed under conservatorship; control of their management is being transferred to the Federal Housing Finance Agency. In conjunction with this action, Freddie Mac and Fannie Mae have been prohibited from paying dividends on their equity securities, which has resulted in a significant loss in value of such equity securities. The decrease in value may result in "other-than-temporary impairment" write-downs during the third quarter for those financial institutions that hold these securities in their investment portfolios. Weststar Financial Services Corporation (OTC Bulletin Board: WFSC), parent of Bank of Asheville, does not hold any equity shares of either Freddie Mac or Fannie Mae in its securities portfolio, and therefore is not exposed to any potential charge to third quarter earnings as a result of "other-than-temporary impairment" of Freddie Mac or Fannie Mae equity securities.
This news release contains forward-looking statements. Such statements are subject to certain factors that may cause the Company's results to vary from those expected. These factors include changing economic and financial market conditions, competition, ability to execute our business plan, items already mentioned in this press release, and other factors described in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events and circumstances that arise after the date hereof.
SOURCE Bank of Asheville
Weststar Financial Services Corporation & Subsidiary | ||||||||
Consolidated Balance Sheets | (unaudited) | |||||||
| June 30 | December 31 | ||||||
| 2009 | 2008 | * | |||||
ASSETS: | ||||||||
Cash and cash equivalents: | ||||||||
Cash and due from banks | $ | 4,930,563 | $ | 4,200,866 | ||||
Interest-bearing deposits | 11,780,364 | 218,912 | ||||||
Total cash and cash equivalents | 16,710,927 | 4,419,778 | ||||||
Investment securities- available for sale, at fair value | ||||||||
(amortized cost of $22,726,225 and $23,750,009, at | ||||||||
June 30, 2009 and December 31, 2008, respectively) | 22,998,342 | 23,778,449 | ||||||
Loans | 180,614,075 | 171,239,692 | ||||||
Allowance for loan losses | (2,847,508 | ) | (2,529,981 | ) | ||||
Net loans | 177,766,567 | 168,709,711 | ||||||
Premises and equipment, net | 2,538,516 | 2,652,007 | ||||||
Accrued interest receivable | 1,037,103 | 1,030,460 | ||||||
Federal Home Loan Bank stock, at cost | 592,300 | 585,600 | ||||||
Deferred income taxes | 919,408 | 810,921 | ||||||
Foreclosed properties | 243,006 | 205,006 | ||||||
Other assets | 717,950 | 667,040 | ||||||
TOTAL | $ | 223,524,119 | $ | 202,858,972 | ||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
Liabilities: | ||||||||
Deposits: | ||||||||
Demand | $ | 28,132,451 | $ | 22,251,288 | ||||
NOW accounts | 31,220,375 | 18,319,836 | ||||||
Money market accounts | 29,217,039 | 31,416,333 | ||||||
Savings | 2,600,623 | 2,207,173 | ||||||
Time deposits of $100,000 or more | 26,796,346 | 26,799,682 | ||||||
Other time deposits | 77,482,512 | 69,819,794 | ||||||
Total deposits | 195,449,346 | 170,814,106 | ||||||
Short-term borrowings | 4,816,087 | 5,919,140 | ||||||
Accrued interest payable | 564,453 | 565,105 | ||||||
Other liabilities | 1,169,074 | 926,050 | ||||||
Long-term debt | 4,124,000 | 8,124,000 | ||||||
Total liabilities | 206,122,960 | 186,348,401 | ||||||
SHAREHOLDERS’ EQUITY: | ||||||||
Preferred stock, authorized $1,000,000 shares; | ||||||||
No shares issued and outstanding | - | - | ||||||
Common stock, $1 par value, authorized- 9,000,000 shares; | ||||||||
outstanding shares- and 2,146,132 at June 30, 2009 | ||||||||
and 2,125,747 at December 31, 2008, respectively | 2,146,132 | 2,125,747 | ||||||
Additional paid-in capital | 6,215,519 | 6,152,868 | ||||||
Retained earnings | 8,872,292 | 8,214,480 | ||||||
Accumulated other comprehensive income | 167,216 | 17,476 | ||||||
Total shareholders’ equity | 17,401,159 | 16,510,571 | ||||||
Total | $ | 223,524,119 | $ | 202,858,972 |
Weststar Financial Services Corporation & Subsidiary | ||||||||||||||||
Consolidated Statemen t s of Operations (unaudited) | Three Months | Six Months | ||||||||||||||
| Ended June 30, | Ended June 30, | ||||||||||||||
| 2009 | 2008 | 2009 | 2008 | ||||||||||||
INTEREST INCOME: | ||||||||||||||||
Interest and fees on loans | $ | 2,968,095 | $ | 2,574,013 | $ | 5,759,201 | $ | 5,315,518 | ||||||||
Federal funds sold | 160 | 14,172 | 1,132 | 41,176 | ||||||||||||
Interest-bearing deposits | 3,939 | 333 | 4,005 | 1,216 | ||||||||||||
Investments: | ||||||||||||||||
Taxable interest income | 169,191 | 211,462 | 349,073 | 428,939 | ||||||||||||
Nontaxable interest income | 95,221 | 88,184 | 186,857 | 174,721 | ||||||||||||
Corporate dividends | - | 7,214 | - | 14,221 | ||||||||||||
Total interest income | 3,236,606 | 2,895,378 | 6,300,268 | 5,975,791 | ||||||||||||
INTEREST EXPENSE: | ||||||||||||||||
Time deposits of $100,000 or more | 220,283 | 309,269 | 448,812 | 659,594 | ||||||||||||
Other time and savings deposits | 837,982 | 759,155 | 1,701,763 | 1,620,992 | ||||||||||||
Short-term borrowings | 50,388 | 4,683 | 60,114 | 11,817 | ||||||||||||
Long-term debt | 44,601 | 112,185 | 135,638 | 240,021 | ||||||||||||
Total interest expense | 1,153,254 | 1,185,292 | 2,346,327 | 2,532,424 | ||||||||||||
NET INTEREST INCOME | 2,083,352 | 1,710,086 | 3,953,941 | 3,443,367 | ||||||||||||
PROVISION FOR LOAN LOSSES | 221,310 | 150,680 | 475,890 | 188,125 | ||||||||||||
NET INTEREST INCOME AFTER PROVISION | ||||||||||||||||
FOR LOAN LOSSES | 1,862,042 | 1,559,406 | 3,478,051 | 3,255,242 | ||||||||||||
OTHER INCOME: | ||||||||||||||||
Services charges on deposit accounts | 287,680 | 284,172 | 552,335 | 568,019 | ||||||||||||
Other service fees and commissions | 166,932 | 118,568 | 300,612 | 204,804 | ||||||||||||
Equity in loss of Bank of Asheville Mortgage | ||||||||||||||||
Company, LLC | - | (2,551 | ) | - | (16,109 | ) | ||||||||||
Other | 9,979 | 15,660 | 19,851 | 34,169 | ||||||||||||
Total other income | 464,591 | 415,849 | 872,798 | 790,883 | ||||||||||||
OTHER EXPENSES: | ||||||||||||||||
Salaries and wages | 709,874 | 661,919 | 1,391,271 | 1,286,303 | ||||||||||||
Employee benefits | 82,860 | 120,259 | 214,135 | 236,771 | ||||||||||||
Occupancy expense, net | 122,076 | 125,051 | 307,129 | 249,739 | ||||||||||||
Equipment rentals, depreciation and | ||||||||||||||||
maintenance | 102,653 | 119,658 | 201,375 | 233,336 | ||||||||||||
Supplies | 67,585 | 65,039 | 131,858 | 138,502 | ||||||||||||
Professional fees | 74,135 | 88,122 | 151,393 | 160,450 | ||||||||||||
Data processing fees | 156,960 | 135,404 | 310,948 | 277,745 | ||||||||||||
FDIC insurance premiums | 173,808 | 25,619 | 246,212 | 48,159 | ||||||||||||
Audit, tax and accounting | 24,458 | 12,147 | 79,622 | 61,871 | ||||||||||||
Marketing | 80,435 | 70,608 | 173,122 | 132,986 | ||||||||||||
(Income) expenses from foreclosed properties | 70 | 40,908 | 70 | 41,221 | ||||||||||||
Other | 93,962 | 98,654 | 177,629 | 165,897 | ||||||||||||
Total other expenses | 1,688,876 | 1,563,388 | 3,384,764 | 3,032,980 | ||||||||||||
INCOME BEFORE INCOME TAXES | 637,757 | 411,867 | 966,085 | 1,013,145 | ||||||||||||
INCOME TAX PROVISION | 203,888 | 129,384 | 308,273 | 342,525 | ||||||||||||
NET INCOME | $ | 433,869 | $ | 282,483 | 657,812 | 670,620 | ||||||||||
EARNINGS PER SHARE: | ||||||||||||||||
Basic | $ | .20 | $ | .13 | $ | .31 | $ | .32 | ||||||||
Diluted | $ | .19 | $ | .12 | $ | .29 | $ | .29 |
1. | Weststar Financial Services Corporation (the “Company”) is a holding company with one subsidiary, The Bank of Asheville (the “Bank”). The Bank is a state chartered commercial bank, which was incorporated in North Carolina on October 29, 1997. The Bank provides consumer and commercial banking services in Buncombe County and surrounding area. Common shares of The Bank of Asheville were exchanged for common shares of Weststar Financial Services Corporation on April 29, 2000. Weststar Financial Services Corporation formed Weststar Financial Services Corporation I (the “Trust”) during October 2003 in order to facilitate the issuance of trust preferred securities. The Trust is a statutory business trust formed under the laws of the state of Delaware, of which all common securities are owned by Weststar Financial Services Corporation. |
2. | In the normal course of business there are various commitments and contingent liabilities such as commitments to extend credit, which are not reflected on the financial statements. The unused portions of commitments to extend credit were $30,856,230 and $31,886,835 at June 30, 2009 and December 31, 2008, respectively. |
3. | Basic earnings per common share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. During 2009 and 2008, there were no shares excluded due to antidultion. |
G. Gordon Greenwood President & Chief Executive Officer | Randall C. Hall, C.P.A. |
Kathy E. Fox, C.P.A. Senior Vice President Controller | John R. Hamrick |
William W. Nesbit III Senior Vice President Branch Administrator Commercial Lending Officer | Judy Price Senior Vice President Marketing & Training Officer |
Patrick Blackburn Vice President Mortgage Loan Officer | Terry A. Ballard Assistant Vice President Network Administrator |
Linda G. Deaton Assistant Vice President Main Branch Manager Commercial Lending Officer | Andrea L. Hamilton |
S. Eric Morris | Diane C. Robinson |
William F. Schreck | Raynia J. White |
Sandra J. White | Lance C. Shook Banking Officer South Asheville Branch Manager Commercial Lending Officer |
Michelle C. Shook | Robbi T. Hill |
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