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New orders for long-lasting U.S. manufactured goods jumped a surprising 1.3 percent in July, while a gauge of business investment also rose unexpectedly, a government report showed on Wednesday.
Orders for durable goods, items meant to last three years or more, were up after an upwardly revised 1.3 percent gain in June, the Commerce Department said. Analysts were expecting durables orders to remain unchanged from the previous month
BMRX is a part of durable goods too.. it should help the stock for a short term uptick.
So finally the stock is out of the weekend trauma. Trading with decent volumes. Moreover, positive move is backed by volumes.
I think today is a rest day for some of the penny stocks and BMRX too.
BMRX has shown a down trend in charts but it is expected to recover no sooner in a couple of days. Keep Dollars to buy some more at dips..
You were true even though I waited till EOD but it didnt turn near to 0.13
I've sold a lot looking for some lower levels with some more on the hold.
I doubt today if you get the stock at $1.13 cos the stock is trading with gooood volumes.
Good to buy at current levels or at a bit lower than the current levels.
Good to see some volumes today going up and back to its position. Something like a relay race.
If it dips a little more then there are chances that one can get the shares at a lower price.
Even though its shows a downfall but its not in red so can be said that it still on the safer side today.
It is expected to move up if volumes are seen increasing like this intraday.
Charts are showing some bounce back today or in near term.
Today some one has bought one full lot of 3000 shares is what i feel got to short sell.
Great turn. Atleast could see the green lines, its positive and up today.
Good time to buy at dips and retain for a longer term view.
Most of them from the company's website, yahoo finance, investors hub blog. Links mentioned above also helps.
It will help me to veiw the company's strategies and market value.
Hey Juan tell me also where you get all the details of the shares and the company?
This product will be a good competitive product for competitors to face.
This will be quite positive for the markets in near future to absorb.
bioMETRX, Inc. Acquires Assets of Sequiam Biometrics (Pty) Ltd.
Introduces new corporate product offerings and international distribution of smartTOUCH(TM) consumer products into South Africa and neighboring markets.
For more information please visit:
http://biz.yahoo.com/prnews/080818/nym010.html?.v=101
If you don't own stock in BMRX why do you care so much? I think you are a SQUM left over, because almost all of your analysis relates back to ALL of the SQUM failures. How could they not have enough money to pay $13,000 plus if they just took in over $300K in sales? When this company says it has a partner, I belive them. I see the Master Lock boxes on the shelves at Home Depot, and soon we will see their products at COSTCO as well.
SQUM- complete failure led by an inept team of egotistical engineers and managers.
Be Worried! Sell!
The point is they CAN'T produce $13250.83 per month. They will be in default with Arrow and due to bad credit and standing, cut off of further purchases. They have no credit. Even if a miracle happened and they could pay the $13k per month some other company will then be shorted of payment and more law suits will happen.
Key Note: At some point these finance companies will stop taking stock offerings with NO return. BMRX will then have no money to pay monthly bills. The doors will close leaving everyone with nothing.
I can say that I'm going to buy Microsoft but would you believe me? No, or at least I hope not. After a bad 1st and 2nd Q I don't believe them.. 3rd Q is the hardest to produce in retail profit because there are no holidays, thus; going further in to debt(if they last that long). They are speculating and HOPING that one of these so called clients will bite. In a bad consumer market and no profit its unlikely. No new clients, No new products, No real capital. The proof is in the Q. This company is only good at going backwards and going further in to huge debt. They have lost more clients than gained... I know I would never get Microsoft but it's a good story. A story is all they have. Masterlock you say?? Show me the money! or even interest level from THEM. It's a story with no true results.
“In March 10, 2008, the Company became the subject of a complaint entitle Arrow Electronics, Inc. v. bioMETRX Technologies, Inc. etal. The complaint was filed in the Supreme Court of the State of New York County of Nassau (Index No.
08-4900). The compliant alleges breach of contract and the plaintiff is seeking damages of $194,139.15. The Company entered into a settlement agreement on June 26 th , 2008.
The Company paid $35,000 at that time and is to pay $13,250.83 per month for twelve months at twelve (12) per cent interest .”
With only one trade today the market will catch up to them over the weekend and Monday will be bad.
I'm not trying to short. I just want people to be aware and choose for themselves. I don't like when people lose money.
Everyone have a good weekend.
-TS1
Funny, the Q said that Arrow is settled, they reduced the cost of its products, and they have manufacturing funding through Master Lock. Its right there in the Q. Stop trying to short already.
Thanks for the strategy but that's the basic trading strategy is Buy low Sell high. Say something new.
Today, i belive volumes may double due to weekend effect.
Atleast today it is positive with good buying interest.
I am expecting that i would get my penny back today.
Sell Now!!
This is worse than I thought!!
As I've said, they would have trouble finding financing with a product that is not profitable. Just so we all know, that law suit with Arrow is very, very bad. Arrow is by far the biggest reseller of electronic components in the world. Without Arrow they will never be price competitive, period.
Ford, Costco and Shell are just old, bad spin. They were old relationships of squm that never panned out and were never profitable!!
No Fujitsu, No Black and Decker.
I can't believe how in debt they are. It's very unlikely they will recover from this. They are doing everything they can just to keep the doors open.
Sell now... The doors of this business can close at any time and leave everyone with nothing...
I wish everyone the best!!
-TS1
I agree. Its obvious from the trading activity that the Institutions are keeping this down and playing with the stock. After todays Q, I hope that changes. The management discussion is very enlightening and confirms what a lot of us here thought - its a long slow process, but they are now picking up steam. They have orders, are now just touching revenue generation, and seem to have developed relationships with a bunch of new, big time, companies. I see COSTCO is a new retailer and HP and Shell are new clients.
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