Fighting with the Patriots to keep America Alive
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CVIA still edging up. Nice volume, today! eom
Keep the Faith!
M&M Man
EZ. . .t/a doesn't work on companies in KM's position. There is no bottom. The bottom will come when KM announces they can push the B/K issue aside. It doesn't look like that's going to happen real soon. But you never know!
Keep the Faith!
M&M Man
TSCM still rolling higher on higher than average volume. We just may have hit another runner.
Peace. . .
Keep the Faith!
M&M Man
Arch.. .if HRCT breaks 31 cents it should run back up, nicely. The SRUN merger with ET could be stirring some interest. Now. . .followup with GTCI's merger with Sinobull.com Financial Group. . .will be pleasing. I believe the merger was "on schedule" as stated via the last shareholder's letter. Keep a keen eye on that one!
Peace. . .
Keep the Faith!
M&M Man
TSCM volume is picking up again. eom
Keep the Faith!
M&M Man
Muell. . .KM is trading. Mark Schwartz resigned as President. Charles Conaway will continue as CEO. Interesting story to watch, no doubt. eom
Peace. . .
M&M Man
JDSU could be worth watching in the short-term. Nice upside potential. eom
Keep the Faith!
M&M Man
LFZA up 30% on low volume. Accumulation may have reached saturation. News could let that baby roll.
Keep the Faith!
M&M Man
Archie et al. . .watch TRIB
Keep the Faith!
M&M Man
SBLU still in an upward trend eom
Keep the Faith!
M&M Man
Before the bell movers >>> NMSS XTND GIGA and LOGC. eom
Keep the Faith!
M&M Man
Arch. . .
The good news is. . .somebody's right LOL. I'm hoping to see 1.80 to 1.85. If the upward slope continues 2.00 to 2.5 should come within the next week or two. A pricebreak below the 45 degree trend line will bring her down. Hey, small profits are better than no profits. What are our penny picks for the day?
Peace. . .
TRIB?
Keep the Faith!
M&M Man
Arch,
I was checking that out as well. I've seen so many stocks over the last little while, hold that 45 degree angle on the upward slide. It appears that TSCM has surpassed its' first level of resistance. Now, if it should continue moving forward, it may actually hold the trend. That's what I need to watch on that one. . .the trend. Many good reports last night after the bell. I haven't had enough time to check out futures so I'm hoping Sherry shows up, soon. LOL. At any rate, it could be an interesting day for HRCT, DVNT and TSCM (if the pattern can hold). The volume on TSCM has been 250 to 300 percent of normal over the past two days. Will have to investigate at the open. Time to go find some other winners!
Peace. . .
Keep the Faith!
M&M Man
Hi Joe,
It's nice to hear from you again. I believe there is a lot of confusion as to how these "spinoffs" operate, or will operate. I do not believe that anyone will be getting "free" shares. Although that was previously promised (several times over the past couple of years). . .I don't believe that's how it's going to work. I think HRCT is going to end up holding their position in Sinobull and ET. . .which in turn will give them the finances they need to complete intended acquisitions, and such. It will also give them something to report increased revenues. Otherwise, just as you say, it could be a long while before investors see any significant ROI.
On Dr. Ching ~~ I don't know about anyone else but I believe Dr. Ching is doing the job he's got to do to whip HRCT into shape. That may even require that HRCT divest itself of some of its interests. Why the company continued to go in so many strange dimensions of growth, is beyond imagination. The focus of the organization probably would have been best sticking with the Sinobull.com features and building the infrastructure. Instead. . .StreamingAsia came along, AI Asia came along. . .and HRCT seemed to be moving in every which way. How can any "one" manager/leader expect investors to understand what is going on with a company on the OTC BB and moves in such a diversified manner? Well, I believe it is a good time for HRCT to return to the basics. Fundamental management. And I'm hoping Dr. Ching is the man for the job.
One thing comes as close to certainty as I would ever care to admit. . .OTC BB stocks only get so good. Lesson learned.
Peace. . .
M&M Man
Positive surprises
After the market closed Wednesday, Extreme Networks (EXTR: news, chart) reported its second-quarter financial results. The Internet infrastructure company reported second-quarter pro forma earnings of $2 million, or 2 cents a share, on revenue of $109.1 million. On average, analysts expect a second-quarter profit of 1 cent, on revenue of about $110 million, according Thomson Financial/First Call. Shares closed down 75 cents to $14.61 ahead of the news. See full story.
Compaq (CPQ: news, chart) reported earnings of $92 million, or 5 cents a share, vs. a year-ago loss, even though sales declined 27 percent from the same period last year. Analysts had expected the company to earn a penny a share, on average, according to a survey of analysts by Thomson Financial/First Call. Excluding a $36 million charge for merger-related expenses, the company earned 6 cents a share. Sales came in at $8.46 billion, compared with $11.5 billion in the year-ago period. Analysts had expected sales of $8.02 billion. Shares of Compaq fell 23 cents to close at $11.17 in regular trading on the New York Stock Exchange. See full story.
After the market closed, Mercury Computer Systems (MRCY: news, chart) reported second-quarter earnings of $3.8 million, or 16 cents a share, beating the consensus estimate by a penny a share. Revenue for the latest quarter totaled $37.4 million, up 7 percent compared with the first quarter total. In the year-ago period, the company earned $6.9 million, or 30 cents a share, on revenue of $43 million. Shares closed down $1.21 to $34.06 ahead of the news.
Semiconductor products company Conexant Systems (CNXT: news, chart) reported a first-quarter loss of $107.7 million, or 42 cents a share, excluding one-time items. Analysts polled by First Call anticipated a loss of 44 cents a share. Revenue totaled $201 million, up 10 percent compared with the company's previous expectations. Revenue was driven by "strong performance" in the company's wireless communications business. The company noted that it is entering the second quarter with a sequentially higher backlog. As a result the company expects to build on its first quarter revenue base. Shares closed down 14 cents to $12.58 but traded higher in after-hours trading.
Inktomi (INKT: news, chart) said after the close of regular trading Wednesday that it recorded a first-quarter loss of $29.4 million, or 22 cents per share, compared with a net loss of $38.1 million, or 31 cents per share, in the same quarter the year before. Revenues at the search-engine software company totaled $40 million, compared with $80.5 in revenue the year before. On a pro forma basis, Inktomi lost $7.7 million, or 6 cents per share on revenue of $40 million, compared with a $3.7 million, or 3-cent per share loss on revenue of $75.4 million the year before. Analysts surveyed by Thomson Financial/First Call had been expecting the company to lose 11 cents per share on revenue of $39.09 million. Shares of Inktomi finished Wednesday's session down 6.5 percent at $6.66.
Yahoo (YHOO: news, chart) said late Wednesday that it lost 2 cents in the fourth quarter. Excluding certain items, Yahoo posted a pro forma profit of 3 cents, vs. 13 cents earned in the year-ago period. Quarterly sales fell to 39 percent to $188.9 million from $311 generated in the same period a year ago. Additionally, Jeff Mallett, Yahoo's president is stepping down. Analysts expected Yahoo to earn 1 cent on revenue of $170 million. See full story.
Internet security software maker Symantec Corp. said it posted a significant profit improvement in its fiscal third quarter, easily surpassing most estimates. Shares (SYMC: news, chart) climbed $4.36 to $71.31 in after-hours trading on the Island ECN after dropping $3.45 in the regular session. Symantec said its profit from operations was $59.4 million, or 78 cents a share, compared with a profit of $40.4 million, or 52 cents, in the same period last year. Analysts were expecting a profit of 64 cents in the latest quarter. Revenue rose to $290.2 million from $241.8 million. See full story.
Internet security software developer McAfee.com said after the market closed that it was able to post a profit in the fourth quarter, reversing a loss in the year-ago period and easily speeding past most forecasts. Reflecting increased concerns in the aftermath of the Sept. 11 terrorist attacks, the company's profit from operations was $4.2 million, or 9 cents a share, compared with a deficit of $2.8 million, or 6 cents, in the same period last year. Analysts were expecting a profit of 5 cents in the latest quarter. Revenue rose to $18.6 million from $12.1 million. Shares (MCAF: news, chart) rose $1.01 to $33.30 on the Island ECN after falling 11.3 percent in the regular session. See full story.
Advanced Micro Devices (AMD: news, chart) reported a fourth-quarter loss of $15.8 million, or 5 cents a share, on revenue of $951.87 million. During the same quarter last year, net income was $177.97 million, or 53 cents a share, on revenue of $1.175 billion. Analysts surveyed by Thomson Financial/First Call expected AMD to lose 18 cents a share on revenue of $839.7 million. The company said it logged record unit and dollar sales of chips used in personal computers. Also, AMD said it remains on track to return to profitability in the second quarter and to achieve "solid profitability" for the entire year. Sales during the first quarter are expected to track seasonal patterns and AMD is targeting a revenue decline to $900 million. Shares closed down $1.24 to $17.91 ahead of the news. See full story.
Exfo Electro-Optical (EXFO: news, chart) posted a first-quarter loss and said it expects lower second-quarter revenue. The company cited weakness for its products that test fiber-optic telecommunications equipment. The company lost $19.1 million, or 33 cents a share. In the year-ago period, the company earned $7.5 million, or 16 cents a share. Excluding one-time items, the company would have lost $1.9 million, or 3 cents a share. Analysts polled by First Call expected a 4-cent loss. Sales totaled $20.1 million down compared with $28.5 million in the year-ago period. The company anticipates second-quarter revenue to come in between $14 million and $18 million, with a per share loss between 5 cents and 9 cents a share. Analysts had been expecting a loss of 3 cents a share for the second quarter. The stock closed down 74 cents to $10.32.
State Street Boston Corp. (STT: news, chart) posted earnings of $171 million or 52 cents a share, up from the year-ago total of $148 million or 45 cents. The latest results were a penny ahead the consensus estimate. Revenue rose $115 million to $1 billion "on a taxable-equivalent basis," the bank group said. Servicing fees were up 16 percent in the fourth quarter, to $414 million. The stock closed down 54 cents to $54.90.
Metris (MXT: news, chart) reported fourth-quarter earnings that exceeded expectations and reiterated its previous forecast for 2002. The credit card issuer said it earned $70.7 million, or 72 cents a share, compared with a profit of $48.6 million, or 52 cents a share in the same period a year earlier. Analysts surveyed by Thomson Financial/First Call had been expected a profit of 70 cents, on average. For 2002, the company said it continues to expect a profit of $3 to $3.05, ahead of analysts' expectations of $2.96. The stock closed down $2.41 to $21.03.
AMR Corp. (AMR: news, chart) reported a fourth-quarter loss of $798 million, or $5.17 per share, versus earnings of $47 million, or 29 cents a share in the comparable period a year ago. Excluding special charges and a U.S. government grant, the parent of American Airlines' loss from operations totaled $734 million, or $4.75 per share during the quarter ending December, narrower than the average analyst loss forecast compiled by Thomson Financial/First Call of $5.08 per share. The stock closed up 23 cents to $26.02. See full story.
Continental Airlines (CAL: news, chart) said it lost $149 million, or $2.58 per share in the fourth quarter, versus a profit of $44 million, or 70 cents a share in the same period a year ago. Excluding a government grant as part of the Air Transportation and System Stabilization Act and other charges, the airliner posted a loss from operations of $220 million, or $3.81 per share, narrower than the average analyst forecast compiled by Thomson Financial/First Call of $4.49 loss per share. Revenue for the period fell 28 percent to $1.74 billion. The stock closed up $1.71 to $31.10.
Teradyne (TER: news, chart) reported a fourth-quarter loss of $112.6 million, or 63 cents a share, on revenue of $220.2 million. During the same quarter last year, net income was $132 million, or 74 cents a share, on revenue of $821.7 million. Excluding charges, Teradyne's loss from operations was $75.6 million, or 42 cents a share. Analysts surveyed by Thomson Financial/First Call expected a loss of 43 cents a share on revenue of $213.7 million, on average. For the first quarter, the chip equipment maker expects a loss of 40 cents to 50 cents a share on revenue of $200 million to $250 million. Analysts had expected a loss of 37 cents a share on revenue of $219 million, on average. Shares closed down $4.75 to $28.75.
DoubleClick (DCLK: news, chart) said it lost 48 cents a share in the fourth quarter and $2.02 for the full year. Excluding non-cash and one-time charges, the online media company said it earned a penny a share. It broke even in the same period a year ago. Analysts expected DoubleClick to lose 5 cents. Quarterly sales fell 27 percent to $96 million from $132 million in the year-ago period. But the revenue number was higher than the $88 million in sales analysts' expected. DoubleClick projects 2002 revenues between $330 and $400 million, down from $406 million generated in 2001. Analysts currently estimate 2002 revenues to be $388 million. Shares closed down 27 cents to $12.36.
Intel (INTC: news, chart) reported fourth-quarter net income of $504 million, or 7 cents a share, compared with net income of $2.2 billion, or 32 cents a share, during the same quarter last year. Revenue was $6.98 billion compared with $8.7 billion during the same quarter last year. Excluding acquisition-related costs, income was 15 cents a share compared with 38 cents a share during the same quarter last year. Analysts surveyed by Thomson Financial/First Call expected earnings, excluding charges, of 11 cents a share on revenue of $6.83 billion. As recently as Dec. 6, Intel said its sales would be $6.7 billion to $6.9 billion. The company did not provide an earnings target. Intel shares closed down 97 cents to $33.71.
Brio Software (BRIO: news, chart) reported a third-quarter loss excluding items of $968,000, or 3 cents a share, wider than a year-ago loss of $260,000, or 1 cent a share, but 2 cents narrower than the average estimate of analysts polled by Thomson Financial/First Call. Including non-recurring expenses and stock compensation charges, the Santa Clara, Calif., developer of business intelligence software lost $5 million, or 17 cents a share. Revenue dipped in the latest three months to $28.2 million from $38.9 million in the same period a year earlier. Shares closed down 86 cents to $3.50.
Rockwell Collins (COL: news, chart) reported first-quarter earnings of $48 million, or 26 cents a share, down from pro forma earnings of $60 million, or 32 cents a share, in the same period a year earlier, but 4 cents ahead of the average estimate of analysts polled by Thomson Financial/First Call. Sales tumbled 4 percent in the latest three months to $563 million from $539 million in the same period a year earlier. Looking ahead, the Cedar Rapids aviations electronics and communications firm forecast earnings of 25 to 30 cents per share on revenue of roughly $600 million in the second quarter, and earnings of $1.15 to $1.25 per share on revenue of roughly $2.5 billion in fiscal 2002. Shares closed up 20 cents to $19.91.
Keep the Faith!
M&M Man
Well, it appears the SRUN ticker has been changed to relate to ET. The information is posted on the HRCT thread at Ihub. It would be nice to get an update now on GTCI and Sinobull. The last I understood. . .everything was on track. Anyone have any more information they can provide? It would be appreciated.
Peace. . .
M&M Man
Arch. . .
Take a look at TSCM and give me a read when you get a minute. Look at the "ask" and "bid" on that one. I think it may be ready to make a run at 2 bucks. DVNT is a sure winner. Just need some patience. Wow. ..!! What a market ride!
Peace. ..
Keep the Faith!
M&M Man
Arch. . .she's gonna roll! eom
Keep the Faith!
M&M Man
Tinberry. . .
News could be good
Peace. . .
Keep the Faith!
M&M Man
Willy.. .I've been watching HLTH for a couple of years. That is definitely one for the roller-ride. Good one to focus on for conservative investors. It ranks up there (different industry, however) with SMTC as far as "dependability" when it goes down. . .it always goes back up. Knowing the chart formations is a big PLUS. Get in on the lows. . .sell em when they're high. Will review your site for more of your own picks.
Keep the Faith!
M&M Man
Arch. . .sometimes longer formations of that chart pattern will be called "Saucer-with-a-handle" formations. I call them "Cup-with-a-handle" formation if the charts have a pattern in that groove that shapes itself in less than 1 year. I call them "Saucer-with-a-handle" if the formation is longer than 12 months. The definition will vary in accordance with one's technical approach. Take a look at the "1-year" chart on TSCM. It appears to be ready to form a BIG "handle" formation. Could make a good run in the first quarter. Lets watch and see how the philosophy unfolds
Keep the Faith!
M&M Man
Nice chart ~~
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Peace. . .
Keep the Faith!
M&M Man
**Chart Alert: HRCT ~~ Watch closely:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Keep the Faith!
M&M Man
SBLU ~~ Cup-with-a-handle formation. . .watch closely! eom
Keep the Faith!
M&M Man
HLTH ~~ Cup-with-a-handle formation chart. Watch closely. eom
Keep the Faith!
M&M Man
**Alert...ICGE hits stop point. . .eom
Keep the Faith!
M&M Man
**Alert ~~ set stop on CMGI. eom
Keep the Faith!
M&M Man
ARTG trading nicely >>>>>>>>>>>>>>>
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Keep the Faith!
M&M Man
KM now @ 1.31. It is not looking good for KM. I remember when Vencor did the same thing and suddenly stopped trading. Not good.
SBLU is looking good.
DOW. . .I'm wondering if we're going back down to 9000. Looks like it's going to happen. . .in the charts.
AI and OI looking interesting.
HRCT hanging in there. I think anyone holding the stock is waiting to see what's going to happen with the GTCI/Sinobull spinoff and the results of the SRUN/ET spin-off.
Time to do a market review. . .
Keep the Faith!
M&M Man
**DVNT is heating up >>>>>>>>>>>
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Keep the Faith!
M&M Man
CVIA is moving nicely, Willy. I like it when a stock takes its time while hiking. Other OTC BB stocks I'm following that are in a nice holding pattern are QTEK and HRCT. QTEK is holding around 15 to 16 cents and HRCT is holding around 28 to 30 cents. I think news is "pending" on both issues. Will watch closely. Keep up the great work. The stocks you have brought to the attention of this thread have done well.
Peace. . .
Keep the Faith!
M&M Man
Arch. . .I'm hoping we'll see some action on the OTC BB stocks that haven't gotten much attention while the blue chips have been stealing the show. That is typically the trend. I believe in the next 4 weeks there will be better gains to be made in the OTC BB market than that of the other major idices. Lets see how we fare.
Keep the Faith!
M&M Man
Guys and Gals,
SBLU is looking very strong and has been upgraded to "Buy" by serval brokers. I personally believe the stock is good for about 8.00 per share. It's trading a little over 4.70 right now. Well worth keeping on the watch list. Also, the chart formation reveals a 1-year cup-with-a-handle formation.
Peace. . .
Keep the Faith!
M&M Man
Hi Tim,
You better believe it! I'll tell you what I'd rather lose my commission and a few bucks than to ride some of these things down. Been there, done that! LOL. The market, today,isn't very exciting. WNGXQ may just be one to watch closely by the end of the month. SBLU has sure been cooking as of late. Will keep looking for those stocks which are in the bargain basement. . .or those headed there (catch em when they're down!).
Peace. . .
Keep the Faith!
M&M Man
Ray. . .that one looks like a winner >>>>>>>>>
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=WNGXQ&Timespan=260
Keep the Faith!
M&M Man
**LESSON ~~ SET TIGHT STOP POINTS! KM is the perfect example. In this market environment, nobody knows what stock is next to get the Axe!
Peace. . .
Keep the Faith!
M&M Man
Kmart booted from S&P 500, shares slide (KM, PCL, ATVI, COV, DRS, FWC) By Tomi Kilgore
Shares of Kmart (KM) are sliding 45 cents, or 18 percent, to $2 in pre-open trading over the Redibook ECN. Late Tuesday, Standard & Poor's said it would remove the retailer's stock from its benchmark S&P 500 Index ($SPX) after the close of trading Wednesday for "lack of representation." S&P said Kmart would be replaced by Plum Creek Timber (PCL) , which is running up $2.01, or 6.9 percent, to $31.20 over Redibook. Among other S&P index changes, Activision (ATVI) will replace Covanta Energy (COV) in the S&P MidCap 400 Index and DRS Technologies (DRS) will replace Foster Wheeler (FWC) in the S&P SmallCap 600 Index. Covanta and Foster Wheeler are both being removed for "lack of representation."
Keep the Faith!
M&M Man
Ray. . .
Here's another one to watch ~~
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Peace. . .
Keep the Faith!
M&M Man
Ray. . .did you catch that one before it ran up? If so. . .what's your secret!??
LOL
Keep the Faith!
M&M Man
I wonder if the "E-education" platform is on the rocks? Anyone care to speculate?
Keep the Faith!
M&M Man