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No kidding, for all we know this is a gigantic development with endless potential, but nobody understands it... As soon as investors are able to research a little, we should see some more volume. At these levels, it sure as hell would seem like nobody would be selling on the news, except day traders of course.
That would be great, thanks Hog. I'm going to see what I can find out on internet in the meantime.
If they are estimating 1000 new subscribers per month, won't that potentially triple (or more) the number they are bringing in now? I remember when they said they had a record month with 300 units sold. If they plan on selling 1000 units per month, that will be over three times what their record month produced.
That's for sure. I think the car business just produces the cash and opportunity to sell Navicom. Navicom is what drew me to this company, and it's what is keeping me here.
For the first time, I don't know what a press release from NWAU means. I realize that it will increase subscribers and sales, which is fanatastic, but I wish I could understand the technology they just announced. Can anyone shine some light on the details? Regardless, I like the positive impact this has on Navicom and I think one million dollars is chump change. If we can get past $1.18, it may push us into a new little uptrend.
This stock has been really boring lately, but ususally that's a sign that something exciting is going to happen. We are all just waiting around for numbers and updates. It's very good news to see that an institution has acquired shares, hopefully more will follow. It sucks that we have made very little progress since earnings, I guess people are going to stay on the side-lines.
Good call, sorry about that. I guess it's addictive to speculate and wonder. I'll try to stick with the facts..
OT - Hog, did you sell your PRZ? I did. I sold after it popped back a little and I purchased HITK before the break-out. And I'm glad I did! I don't have any regrets about selling PRZ, I think HITK is better by a long shot.
Today we held $1.00 pretty closely, and the MM finally decided to raise the ask to $1.10 mid-way through the day. I think the volume is still pretty weak on the positive days, but I'll take that against high volume on down days. I think we should hear something before the end of the month regarding NowAuto or Navicom, they are usually pretty good about giving monthly updates. In June and July we should see some renewed interest as people have financials to reference in the research. I am a little disappointed, however, that NWAU didn't participate in the bull market lately.
BTW, what's up with all the crappy posts lately? Everything is speculative nonsense, and that Jalepeno guy doesn't bring anything constructive to the table. As far as I'm concerned, everything I've read lately has been a huge waste of my time.
I need to see a couple more weeks of lower volume and steady prices before I'll believe that we're back to normal. It would be nice to have the big seller(s) gone, but you never can be certain of anything. I am an optimistic person, however, so I am feeling as though the worst may be behind us. This company is growning rapidly, has solid fundamentals, and they have a cutting-edge product that could really take the industry by storm. In addition, the recurring revenues from auto financing and GPS subscriptions should create ample cash. If the person that has been unloading shares in indeed gone, then it would only make sense to see this stock gradually rise on moderate volume. As it reaches certain milestones ($1.50, $1.75, $2.00, etc.), I would expect to see more volume. After they file and become a fully reporting company, I would expect regular volume surges as institutions take notice. Patience will be very rewarding.
Today we saw the lowest volume since November 2, 2004. Before that, the volume was that low only around the time that the stock first started trading (summer '04). I'm not sure what to make of it, but hopefully this means that there aren't any sellers out there right now. It's bullish that the stock has been going up on higher volume, and that it declined (slightly) on very low volume today. It could be the calm before the storm? I hope we see some renewed interest in this company really soon. This company is one of the undervalued gems out there that is waiting to take it's turn. Make us rich!
Hopefully all of the selling has dried up, the volume is pretty low today. The MM could push this stock down pretty hard today if they wanted to, the bid/ask spread if pretty wide. Lets just hope there more buyers on the side-lines than sellers.
It is beginning to be fun again, and I hope it stays fun. Ambulance is right, however, we could retest our previous lows if the market doesn't shape up. I don't care either way, I'm long on this one without a doubt. If it drops low again, I'll just buy more!
O.T. Hog, if you like medical stocks, check out HITK. I feel as though this could be my substitute for PRZ, but I need to do further due diligence. What do you think?
Hog,
I feel as though PRZ may run out of steam as soon as the acquired companies become fully integrated. The managment even stated that growth in the acquired companies is expected to slow a few years after integration. They can't keep acquiring companies forever, at some point they will have to rely on organic growth. I would feel much stronger about PRZ if they had a stronger cash position, and if they used that cash to finance the acquistions. I think with all the warrants and shares issued, it could be an indefinite up-hill battle. I like the fundamentals of PRZ, but I can't help but think the company would be suffering if they weren't "serial acquirers." This weekend I am going to research possible substitutes for my stake of PRZ. If the opportunity cost of holding PRZ is too high, I will be forced to liquidate. There are plenty of great stocks to buy right now, I don't want to get stuck with "dead money."
Thanks for the warning. The PRZ board sucks lately, so I thought I would ask Hog on the side.
Please resume NWAU discussion...
We have had about a 40% increase since the last trough bottom on 05/03, that's pretty nice. I like how we had some nice volume today, as well. Considering the market direction lately, NWAU has been outperforming. I just hope we can maintain this momentum. We have a strong resistance area coming up if we keep advancing, let's hope there are some buyers on the side-lines. If we can pass $1.30, I think it will confirm a new uptrend.
Hog,
What do you think of PRZ? I am reevaluating my opinion of this company and I'm curious to know what you think. Growth by acquisition can be tricky without strong complementary organic growth. Do you think their liabilities and good will are becoming too great, or do you think their earning growth will make up for it?
I agree, Navicom is going to be the driving force with this company. It is very exciting that the product is doing well and that the word is spreading. Navicom is literally in it's infancy and we should expect to see many positive developments over the next few years.
I agree with you about the PRZ board. There used to be some intelligent posts, but now it's mostly nonsense. NWAU is looking a little better lately, I hope we don't drop back down.
I wrote to Scott Miller:
I am happy to hear that business has been good, and I just have a few brief questions. First, how confident are you regarding the accuracy of your unaudited financial statements? Has auditing of your records begun? If so, are the numbers in-line with what you have been releasing to the public?
Second, how were the results from the conference in Las Vegas? Would you say that your expectations were exceeded? Does this
increase/decrease your sales forecasts for Navicom? Do you plan on releasing a press release about the results?
Lastly, are you still on track to becoming a fully reporting company in June? Around what date do you intend on releasing more information regarding this process? Have any "surprises" occurred that may cause a delay in becoming fully reporting?
Scott Miller replied:
We have begun the audits and have no reason to believe there will be any material differences between unaudited and audited numbers. Las Vegas was better than expected. We were, in our opinion, the hit of the conference and certainly the best-attended booth. And yes, we will soon be releasing results. We are on track to FILE at the end of June. It's thereafter that we become a reporting company.
I rather have no volume and a gradual rise than high volume with a declining stock. I think we'll see some raised interest in this company in June, assuming they are on track with their plans.
I don't have everything in one stock, fortunately. That would be a disaster waiting to happen! I actually own 5 stocks in my non-retirement account and 3 stocks (+ mutual funds) in my IRA. I have a lot of NWAU, MCZ, and PRZ, and, like I said before, I just added to NWAU. I don't plan on going anywhere for quite a while, so hopefully NWAU will start to make some upward moves in the next few months. I don't want a quick up-swing, because it often leads to a quick down-swing. A nice, steady uptrend would be a beautiful thing.
I just bought more shares. Hopefully I'm not overloading my portfolio with NWAU, but I really don't see that much down-side to this investment. In weighing the potential upside vs. the potential down-side, it seems like a no-brainer. I just hope there are no surprises along the way, I'm waiting for $5.
I see future millionares buying a good stock and dumb-asses selling a good stock. I hope this turn-around lasts, possibly this is post-show buying from people who were impressed. I feel as though we'll get another press release at least by the end of the month.
Did anyone hear anything good about the show? Does anyone have any e-mail from Scott or Keith? Any info would help. Thanks.
I think it's more fear related than profit taking. In fact, I bet most of the people that sold took a loss. I personally don't like investing in stocks that are under $1, and I know many investors feel the same way. Actually, I really don't like stocks that are under $10 usually. My point is, however, that people have plenty of other good industries to put their money in right now. Why put it into a troubled industry that may contiue to decline? Pharmaceuticals and Media stocks have been beaten up badly over the last 3 years, and they are just starting to turn around. The same thing may happen to the auto industry, we may have dead money for a while. Auto stocks are simply out of favor right now, plain and simple. Ironically it's the perfect time to buy and accumulate shares. "Buy into weakness, sell into strength."
We don't need the industry to turn around. We only need investors to have confidence that the auto industry will turn around. There has been a broad sell-off of auto stocks over the past quarter, regardless of the individual companies' performance. Some signs of life will spark buying, we may just have to wait 6-12 months. Even after we file in June, it will take 3-6 months for the processing. I expect to see this stock in an uptrend by next January. It may swagger sideways until then and we'll see plenty of good buying opportunities.
NWAU is suffering b/c of the auto industry woes. It's not stock specific, it's industry specific. Since NWAU is not a manufacturer and they deal with a niche demographic market, they don't have the same problems as F and GM. We won't see any big money rolling in until the industry has restored confidence in investors and institutions. This is a great time to be accumulating shares if your intention is to stay long.
How low will we go? Any guesses? This is very frustrating to see. I think lousy day-traders and swing-traders are ruining this investment. Since I am focused on the long-term, I should probably ignore the quotes for a while. I just hate to see the stock under $1.
It looks like we're slowly recovering after that nice dead cat bounce after earnings. I wish I had more free cash to buy more at these levels. I think we'll all be very content after June, we just have to be patient.
They are a cash cow, I don't think there will be too much dilution. With the Sunburst acquisition and recurring revenue and cash flow, I think they'll be able to finance most of their acquisitions with cash. Besides, that should be the least of your worries. If earnings grow faster than dilution, I'm all for it!
I feel the same way. For a company with no debt, positive earnings, and great management, this is a promising investment. Once we're off the pinks I think we'll all be very happy and rich. There is not much more downside from where we are currently, but there is a huge upside potential. I'll take those characteristics anyday.
It's good to have you aboard, I'm glad you can see the value in this company. It looks like we're holding steady around $1.00 (for now.) I think it's very smart to accumulate at these levels, I have been doing so myself.
This stock may have capitulated, but we won't know for certain for a few weeks. The entire market is down lately, so this downtrend can be partially attributed to overall market weakness. Given that it is a pink sheet stock, we are subject to much higher volatility than the market (much, much higher!). This recent decline can be construed as either a buying opportunity or a sign to sell, it depends on your holding objectives. If you are a short-medium term holder, then this isn't the stock for you. This stock is for long-term holders and these fluctations should mean nothing. In fact, don't even look at the quotes on a daily basis. Check things weekly, bi-weekly, or even monthly. NWAU will be at least $5 in the future, no doubt about it. Scott Miller IS NOT lying to us, that's just panicked speculation based on nothing. You have to have patience and you have to believe in the company. I admit, I'm not feeling well b/c of the recent behavior, but after I think about things, I only consider this drop to be an awesome buying opportunity. Load up if you're long, get out if your not. (Most of the selling today was just day traders and swing traders that were trying to make a quick buck. Mark my words.)
I know, I think I just puked on my shoes a little :)
I am a strong believer in this company and this should just be viewed as a great buying opportunity. Shares are leaving all the weak hands, and investors are stepping in. If you look at the intra-day chart, there are some nice positive volume spikes. Somebody is loading up in the panic.
Welcome MEDITANK, but this stock is already being obliterated by other traders. It's a long-term keeper, but right now we're hating life.
This stock is down to $1.00 and below AGAIN!! I can't believe the good earnings report didn't sustain a higher trading range. I think day traders are having fun with this one at investors' expense. My stomach hurts watching this one move. I'm just not going to check quotes for a while...
I agree, just wait until we're off the pink sheets and we'll start seeing some movement. Once they make it onto the American Stock Exchange, we'll really see some action. Right now there is just too much uncertainty for "elephant" investors and institutions. Once they file to become a fully reporting company and make it off the pinks, NWAU will start a nice uptrend. Patience is the key, you just have to not mind having "dead money" for a little while.
The whole market is down, the stock will come around in due time. Besides, I think a 35% (approx.) price swing after earnings was pretty significant. I bought more at $1.01 and I'm pretty happy with how everything turned out. More good news is on the way. Rome wasn't built overnight.
Are you going to send those questions to Scott Miller? If so, please post the answers when he replies. Those are all very good questions and they should be answered. It shows how little information is actually available for this company. I think Scott Miller would be more than happy to answer all of those questions.
P.S. The Dow is down over 100 pts again :(
I have to agree. You should never believe or listen to advice on these boards. Most of the information is BS anyway. Boards are to pick up a "public opinion" of what is going on. Simply the fact that he owns this stock should give you enough evidence that he has confidence in the company. I would hope nobody goes "all in" on a penny stock in the pink-sheets, unless they want to become broke quickly or need the losses to write against their taxes. I am long NWAU and I'm confidant in the company/CEO, but I have other holdings that I feel the same way about. Do your own DD and never rely on what you read on boards. Go NWAU!!
I think the news is great! Navicom is really starting to take hold and I think their potential is enormous. LoJack is nothing compared to Navicom. When gov't money starts rolling in, it will be smooth sailing.