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Well, we're going to have to do this on our own again today. The market isn't cooperating...
I see some nice buying this morning, but the volume is relatively low. I bet if the market was doing better there would be more buyers, people are sitting on their cash for now.
Yes, thank you Maddog for this information. I am trying to educate myself on this subject...
I think you're right on the money my friend. The merger announcement will be substituted for the filing announcement, but we'll still see their audited financials in the near future. This strategy will definitely speed up the process of becoming listed on an exchange, although it is more detailed and confusing. I am confident that the management has the best interests of the shareholders in mind...
Indeed, we can say this was a fantastic day for longs. I'm not surprised that we closed off the highs b/c the market pretty much scared away all buyers. (It's ironic, however, that buyers get scared when the prices go down. When there's a sale, I usually like to buy! I guess people succumb to their fear and sell, rather than buying when stocks are on sale.)
NWAU will come into the cross-hairs of investors this evening as people research high volume, press releases, etc. We should see some nice volume tomorrow as well, and we will especially see high volume when they make their announcement before month-end. My other stocks corrected a little bit today, but I'm glad NWAU was able to finish strong.
Wow, the market is really horrible today!! EOM
No kidding, I guess you can't blame them for making money...it just sucks that it's at the expense of long-term shareholders. We'll overcome the selling pressure very soon, there is incredible upside potential associated with this stock now. The risk has been reduced dramatically.
I know, somebody sure is selling a lot of shares. If we didn't have that, we would definitely be a lot higher. Those bastards!
Oh yeah, there will be some follow-up buying for those that are later to receive the news. Smart money and those that follow this stock got in early/right on time.
My bad, you're right. My "price history" wasn't set to go back far enough. The highest volume was 2,657,785 on 11/19/2004.
It looks like we're starting to level off and the volume is slowing down, however. Maybe everyone is waiting to see what happens after the Greenspan hearing...
The highest volume we've ever had was 2,093,294 shares traded back on 1/11/05. Let's see if we can top that today, we're off to a great start.
No kidding...I've bought at these levels, above, below, you name it. My average cost is around $1, but I've accumulated a healthy amount of shares.
No sir, I do believe you are correct. We'll see the official filing by month end, but the news was actually better than we all imagined. They reaffirmed and increased guidance and instead of merely settling for the American Stock Exchange, they're going for Nasdaq. I think I just got a boner typing that! :)
Why not!...just for fun...
See, I knew we had to get over $1.26 to attract buyers ;)
Just kidding, it's related to the press release...
We're having some huge volume today already, its lookin' pretty good so far.
I bought a couple thousand more shares this morning at $1.24 as well. That was before I even read the press release, or knew it existed! I think it's going to be an interesting day and a very interesting month end. Go NWAU!
About what? Sorry...I'm confused.
I know, we almost got there... I think we'll have the opportunity soon, we are showing some nice consolidation and accumulation. More good news is to follow with the filing, Navicom deals, etc. Today was just a little treat to see, but we're all just still being patient for the filing.
Somebody is definitely unloading a large amount of shares....bastards!
Half a million shares traded so far...there is some nice accumulation going on today.
The disclaimer says that "an affiliate of Super Stock (SCR) shall be paid $40,000 for the marketing of this publication from a third party non-affiliate of NWAU. There is an apparent confilit of interest since the third party may sell stock in the open market."
Today at work we received a fax that highlighted NWAU as a strong buy recommendation with "over a 480% potential return." It was from Superstock's Smallcap Report, and it listed their price target at $6. It only really mentioned Navicom, and said little about the dealerships. They say that there were recent institutional purchases of over 250,000 shares by a known mutual fund, and they estimate that NWAU will earn .07/share in the quarter ending June 31.
We get these faxes about different companies all the time, but it was funny that it was about this company. I usually ignore the faxes, but maybe I'll take a closer look at the companies from now on.
Whoever is doing the selling sure is doing a good job at providing resistance to our price advance. I guess it's somebody that just waits for big volume days in order to liquidate a large position. On the low volume days there isn't enough liquidity to get their orders filled. I imagine this resistance will subside soon, and we should be able to advance. If they filed this week, that would provide the catalyst that we need...
I have an account at Merrill Lynch and my broker is able to do this for me. I guess on-line brokers don't have this feature... I like it b/c it gives you the ability to buy/sell under more specific conditions.
I beg to differ, here's my proof:
A stop limit order is an order to buy or sell a stock at a specified price or better, but only after a give stop price has been reached or passed
Once the stop price has been reached or passed, the stop order turns into a limit order
For Buy Stop Limit Orders - the stop price is set above the current ASK price
Ok, we're at $1.24 now...come on $1.26! I have a feeling we have a few limit orders waiting over $1.26, so if we manage to get there, we could go a lot higher. The volume is really up today, as well. I guess investors are starting to come off the fence...
Here is an interesting e-mail from Keith Tench:
I asked: What would keep competitors, such as LoJack, from
updating their operations to directly compete with all the features of Navicom? In other words, is Navicom protected from the entrance of comparable technologies and services? Also, do you have enough cash from operations to cover the $1 million initial investment, as well as all other operational expenses?
Keith replied: LoJack is completely RF based. They have so much money tied in their existing infrastructure that if would not make sense for them to shift direction just to compete in the GPS market place. I see LoJack trying to partner with a company like Navicom so they can have an alternative to their solution. It's a dangerous game to partner with a competitor who has the cash flow and distribution channels that LoJack has. Our next generation EGPRS unit is levels above what LoJAck is trying to do. We are better off partnering or competing with a company like @Roads who needs us both from a marketing and customer need perspective.
Yes. We are fortunate to have NowAuto funding part of our operations. We should truly be a start up company that is not profitable for 12-18 months. However, given our relationship to NowAuto, we can be profitable on certain deals as well as continue to focus on the what is going to make this company
a premier Tier Telemetry provider and that is owning our own backend server software combo as well as manufacturing our own EGPRS and Micro Burst units.
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Not that Keith implied this, but my perception is that they plan to spin off Navicom at some point in the not-too-distant future. Possibly after 12-18 months, for example. It really sounds like they have a strong focus on what they are developing Navicom to be. At first, I was worried about competition with LoJack b/c of the fact that they have a strong name, and have been in the business for a while. Keith's statements reassured my doubts b/c it would, indeed, be a huge investment by LoJack to completely change their infrastructure
I think we are headed to some very interesting times over the next couple of years, and I'm extremely bullish.
Thank you, I'll do that.
No kidding, usually bashers have something that makes a little sense. This jackass just really doesn't know anything. Is there an "Ignore" button on this web-site like Yahoo?
Just ignore him. He's a used-car salesman, not an investor.
Even though we closed down a penny today, I'm still going to count this one as a "win" for the longs. There was a whole lot of buying today, but the MM just wasn't going to let the price increase. The people that sold are probably just bollinger-band daytraders, and possibly just investors who needed some money. There is nothing wrong with this company, and, as soon as they file, it will be spelled in plain english. Mark my words.
I could really give a rat's ass about their car dealerships at this point, Navicom is going to be the driver of the business. Jalepeno is just a used car salesman that doesn't know anything. Disregard his nonsense, it will only make you dumber.
Navicom is the real story with this company, and everyone knows that. The dealerships just provide more cash flow to finance their operations and provide another outlet to distribute Navicom. If Navicom split from NowAuto, I would go with Navicom without a doubt.
I definitely agree, the stock has to come from somewhere. When there are no sellers present, the MM trades from his own account. Today, however, it seems as though there are few sellers present, so the MM must be trading from his own account. When that happens, there's a tendancy for the ask to increase faster b/c the MM isn't willing to let his shares go cheaply. After-all, he works so hard to accumulate cheap shares and sell them for a profit. That's what he does, in addition to providing liquidity. He must have a large number of shares in his account right now or he would have raised the ask more. That's my thoughts, however.
Usually the MM is a completely asshole until the last hour of trading. From my observations, that's when he starts to raise the ask.
"This type of exposure combined with our strategic focus and vertical integration, we expect to have monthly sales far exceeding 1,000 units per month by start of Q4." said Keith Tench, President of Navicom.
Wow, Navicom really sounds like it's starting to take hold. That explains the buy orders flowing in. Damn MM!!
It looks like the MM is keeping it low for either himself or a large buyer. Maybe they are going to load up at these levels, then raise the ask to sell them at higher levels.
Regardless, it's total BS that they haven't moved the ask and A LOT of buying pressure was there. In fact, it moved down! I can't explain it either but it sure seems like we can't win for losing....
NWAU going to $0!!
Just kidding, we're missing a basher on this board so I gave ya'll a little negativity. Too much positivity seems to not work, so we'll give this a try :)
No, I really think this stock is going to do well from the time we file, to beyond. Once investors see they are credible and all their information is on file with the SEC, we'll see more volume and price appreciation. This company is grossly undervalued at these levels, and we'll all be very happy in time.
By the end of the month we should see the volume return...assuming they file on schedule.
The MM is trying to work with us, but investors just are buying enough to push the ask up further. We need to get some people off the side-lines somehow...maybe filing will do the trick!
We had some good volume today and moved up a little after a strong opening. I'd say we need to get past $1.26 to attract some more buyers. The count down is on until they finally file to become a fully reporting company...it seems like it's been years that we've been waiting. I wonder if they will wait until the very end/beginning of July, or if they will surprise us and do it sooner. We'll see.