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The volume is thin so far today and we seem to be holding steady, even though the market is declining...damn oil! I realize nothing exciting is going to happen until we file, but it sure would be nice to break that resistance at $1.26
Those are some bold predictions, I sure hope you're right. My wife hopes you're right as well, she wants to get some nice furniture with the profits... I've been long on this stock long enough to endure the pain of day-to-day fluctuations. It's just fun to micro-analyze daily trading patterns sometimes. I am excited about getting off the pinksheets soon, it's starting to feel like our little NowAuto is getting all grown up. From diapers to potty training to pissing in the wind we go. (if that makes any sense...)
Yep, it's been pretty healthy lately. Nobody expects this stock to make us rich overnight anyway, these things take time. We're making baby steps and we shall see what the future brings.
It is pretty much all buy orders today, and yet the price is down! The MM is really testing our nerves... We should be up a little today rather than being down a little, this appears to be manipulation.
We had some nice volume right out of the gates this morning, but the damn MM won't raise the ask! I guess he's waiting for even more volume first... I would love to see another 300K share day, but it looks like it's going to be a little quiet.
Welcome, it's good to have you aboard. Scott Miller stated that they will file to become a fully reporting company at the end of June. Also, they never give monthly updates mid-month, so you should expect to hear something, either way, by the end of the month. For now, Navicom is stealing the spotlight. Stay long and accumulate on the dips, this company has a lot of potential.
This was the most positive volume we've had since our last earnings date (4/19). I could get used to this... Now that we are due to file very soon, and Navicom is taking great leaps and bounds, we should see more interest as time goes on. We need to clear $1.26 before I will get comletely comfortable again, however.
LoJack was added to the Russell 3000, so it just goes to show that the market for GPS tracking is still strong, and growing stronger. It would be nice to hear developments regarding the dealerships and financing, but Navicom press releases will do as well. It seems like investors are much for interested in Navicom anyway.
Also, now that Navicom is expected to have stronger sales and recurring revenue, I wonder if the full-year EPS guidance is going to be on the low-end. Has anybody asked Scott? I am very excited about this company and I can't wait until they file and everyone can "disect" the reports. All this is only my opinion, of course.
Wow, we actually had a nice day today. The volume really picked up and some nice-size blocks were bought. Hopefully this momentum isn't short-lived...
The reason we're going up, in my opinion, is because we held support at the 50-day MA and the Navicom changes are coming into fruition. If we break resistance at $1.26 and get a couple more press releases, I think we will move soundly into a new uptrend. When we file, things will become very interesting as well.
Wow, usually when there's a press release you can't people OFF this board...it's been kinda quiet. Is something going on that I don't know about? It seems like this stock is headed towards recovery to me...
This press release is what we needed to help keep us above the "priceless" 50-day moving average. It really sounds like Navicom is becoming a huge part of NowAuto....dealerships? what dealerships?...
I think it's wise that they included some figures to give investors an idea of what kind of revenue will be created from these developments. They are making tremendous progress, and it appears that their $1 million investment will have a high rate of return.
$1.26 is our next short-term resistance area, hopefully we can keep some positive momentum and attract some new buyers...
I believe it depends on your provider. I use Scottrade, and it shows the real-time bid/ask spread, as well as executed trades. Just surf around to places like www.freerealtime.com and others like it, you'll be able to find the spreads.
As far as the stock dipping below $1 again...I don't want it to happen. If it does, however, it just presents another great buying opportunity.
Stronger, faster, and more efficient...the new NowAuto
I like what I see, we're holding some support.
Well, we dipped down to fill the gap and managed to close at the high end of the day...not too shabby. We are hanging on to the 50-day MA for dear life, let's see if the MM will push the ask up for us. It would be really nice to keep this support and move higher.
As far as the filing goes, I have a funny feeling that the stock will be relatively unaffected by the actual filing. I think once their filing is accepted, and they move off the pinks, we should see some money flowing in. That could take several months I believe, but please correct me if I'm wrong.
This is obviously all just my opinion...
Sometimes an individual/institution is not the one selling, however, and it's just the MM trading out of his own account. When that happens, the ask will move higher at a faster rate than it would otherwise.
I own that stock, it's been doing very well. I bought in late April and I didn't expect it to shoot up so fast. I'll definitely start to take some off the table if it continues.
What do you mean? Why?
That's true, I did see some buyers come off the side-lines near the end of the day. I was actually crossing my fingers for one more buy at the end to close us even for the day, but it didn't happen...
Let's just hope we keep support at the 50-day MA, I think it would really help build some momentum into a solid trading range.
I meant "speech" not "speach"...I'm tired.
That's a good point...people are probably selling b/c they feel like they have dead money. I quit trying to play stocks like that a long time ago, the tax issues were a real pain in the ass.
Does it look like the stock closed right on the 50-day MA? It looks that way to me, and I think that's bullish. I just don't like how we had bigger volume today on a down day, but I'm looking too much into it probably. It will be interesting to see if Greenspan's speach can rally the markets tomorrow...I sure hope so.
I know you're right about the short-term patience, it just sucks to have dead money... I think I just need to quit looking at the quotes until the end of each month, maybe that will help...
Today we have just seen people selling, and not much buying... I don't understand... Are people just getting inpatient b/c they jumped in thinking it would shoot up? I know investors aren't selling, it's just traders.
Today has been pretty crappy so far... If we can hold the 50-day moving average, and the market works with us, we should see some more buyers. This month may be kind of boring until the end...I just hope we don't give up the gains we've worked so hard to recover.
Our patience will definitely pay off in the long run, and I hope your prediction comes to fruition. I agree that things are very exciting right now, and I'm extremely bullish about this company. Before early August, Navicom will launch the new telemetric and telemetry products, and this will have a positive material impact on revenues, margins and profit. Their services create recurring revenues that are important in maintaining a consistent balance sheet. I am very curious to see how much of NowAuto's revenue will be attributed to Navicom in the oncoming months/years. Previously it had been a very small piece, according to the CEO, but with the new innovations it seems like it's revenue growth will exceed that of the dealerships and financing. The auto industry is facing a slow down, so Navicom will be instrumental in providing strong revenues during these soft patches.
So far we're managing to keep support at the 50-day MA, hopefully we can have a nice close.
Thanks Hog, I appreciate it.
Question for the board:
I'm not experienced in trading these types of stocks, what is the progression of symbols going to be after they file? For example, will we go from NWAU.PK to NWAU.OB? If not, what is the next step? I know when it moves to a major exchange it often changes it's symbol, so I curious to see what will happen over the oncoming months. Please let me know...thanks in advance.
Can you please post his exact response? (If you still have the e-mail saved.) It's good to read what he writes directly, rather than to hear it second-hand. Thanks in advance...
Also, it seems as though we are perched right on top of that pesky 50-day moving average. Let's see if it can find support there...a nice bounce off would look great.
This little pullback is healthy after the last 25% run. I hope we can find support before $1, however. June should be an interesting month based on what the CEO has stated. At the end of the month hopefully we'll have a brand new tiger by the tail...who knows? I look forward to staying long and riding this one out regardless. The upside potential from here is too great to not want to stay long. I could see daytraders becoming impatient and fleeing before the show, but good riddance. Navicom is making swift progess, evidently, and I think it will be carrying the rest of the business on it's back soon...
I know, the MM is keeping the spread low today. As long as we keep support above $1.18, I'll be happy. The market has been kind of wishy-washy today...
Does anyone think the MM will raise the ask higher near market close? It would be nice to see how the stock handles the $1.30 resistance right around the corner. We have had some nice trades the last few days...
Nice close. I'm glad we closed positive, there were some nice buy orders that came through near market close. Hopefully we'll have a nice, calm upward advance.
I know...and I need people to remind me of that sometimes. Sorry... Stock picking is a "game" to me, so I get too excited sometimes. I want to see our stock level off a little and form a sound base at these levels, and then advance towards $1.50. It is just going to take some time and I shouldn't worry myself over it.
Nobody is interested in this one today, either way. I like the the MM is keeping the spread high, but there's no buyers to help move the price up. I think we'll have to wait another month for some action...
I liked this week's advance, but I need to see better volume before I'll have faith that this uptrend will continue. The last three days we have had declining volume as we advanced through the $1.18 resistance. That concerns me... The fundamentals are excellent, so I guess the technicals will follow. All in all it was great to see a positive week, let's just hope and pray that we can maintain this momentum.
The MM has the ask at $1.22, hopefully we'll move higher today. I think the market will be rather boring today, however.
Man, I was really hoping we would have higher volume today than we did yesterday. Damn! Oh well... The outlook looks bright, and our next resistance point is $1.30. I enjoyed how they issued a press release to explain their previous press release, it shows they genuinely care about their shareholders. They want to make sure we realize the significance in their actions so that we'll stay long. I don't have a doubt in my mind that this company is highly undervalued, but I think it will take some official financial reporting to convince others.
I don't understand why anyone would be selling at these levels...can anyone explain this? I have to agree that things seem much better now than they were at $1.60. Are day traders just jumping in and out of this stock, hurting our progress? It's frustrating to see... Navicom is really going to propel us to the a new level, it's just a matter of time and patience. I'm very happy to see that we made it through the $1.18 resistance and we're sitting on the 50-day moving average.
We seem to be hugging the 50-day moving average, but can't seem to rise above it very much. Today we poked through it, but closed right under. I like how we had a little higher volume today, hopefully we'll see some follow-up volume from people tomorrow. Better times are ahead, I can sense it now. The Financials provided some comfort in their continued growth and solvency. As Navicom becomes more of a revenue booster in the near future, it should help boost their bottom line further. Right now the dealerships are producing sizeable margins and steady cash. Combine that with the growth and potential of Navicom, it seems like a fantastic complementary business model. As someone stated before, I wouldn't be surprised to see Navicom spun-off on it's own after a few years. We'll take it one step at a time, however, and get through the filing phase. You can't count your chickens before they're hatched, so we must remain to be prudent and patient.