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January 21st. . .
STARUNI CORP: HARTCOURT COMPANIES INC: ELEPHANT TALK COMMUNICATIONS INC -Hartcourt Subsidiary Completes the Merger With Staruni
New York, New York, Jan 21, 2002 (Market News Publishing via COMTEX) -- New Entity, Elephant Talk Communications Inc., Will Be Traded
Under New Ticker Symbol, ETLK
Staruni Corp. announced the closing of the merger with Elephant Talk Limited, a subsidiary of The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT). Staruni also announces the approval of a 1 for 10 reverse split. The company will change its name to Elephant Talk Communications, Inc. and commence trading of its shares on the US OTC Bulletin Board Market on January 22, 2002 under the ticker symbol ETLK. As a result of the merger, 51.8% of the outstanding shares will be distributed to The Hartcourt Companies Inc., 38.2% to the shareholders of Elephant Talk Limited and 10% to Staruni shareholders. Complete details are available in the coming 8K filing. Additional information can be found at www.elephanttalk.com.
"We are pleased to finalize the merger and commence trading of our shares in the US markets. The listing will allow us to raise the necessary capital for business expansion and unlock the valuation of our company," said Mr. Russelle Choi, President and CEO of Elephant Talk Communications, Inc. "The Company's strategy is to leverage our expertise and established relationships with carriers in the region to pursue early entry into selected deregulating markets in the PRC and Asian Pacific regions," added Mr. Choi. "We have also successfully signed new service agreements and are currently implementing interconnections with first tier North American carriers for terminating their minutes in the region. Fusing our established network with new technology expertise will consolidate our ability to provide high quality services to end-users and provide positive returns for our investors."
Hartcourt's CEO and President, Dr. Wallace Ching stated: "This is a rewarding event for Hartcourt and its shareholders. In a difficult environment, we have been able to execute our strategy to create market valuation for our assets. This is the first of our companies to become publicly traded and our Sinobull and AI-Asia divisions will follow, as planned. The process allows the newly trading companies to be valued in the public markets and enhances its ability to raise capital for further growth and acquisitions. It also provides Hartcourt leverage and liquidity over the ownership in the companies to facilitate new ventures and acquisitions of its own. As we rapidly develop the commerce framework between our companies, the synergy will create additional funding, marketing, and expansion opportunities to continue the successful deployment of our organizational plans."
Elephant Talk is striving to become the leading Internet Telephony Service Provider (ITSP) focusing on the deployment of IP-based communications services. The information technology and telecommunications sectors are experience rapid development. The Company is well positioned to capture market share in the expanding China market through its strategic partnerships and service agreements with various Chinese authorities, incumbent telecom houses, and state enterprises with nation-wide ISP, ICP, Call Centers and V-SAT licenses. Its recent partnership with JiTong Communications is an example of this strategy's success. In the coming quarters, the Company will be phase-launching its PC-to-Phone and PC-to-Fax services with strategic emphasis on Greater China markets.
About Elephant Talk Communications, Inc.
Elephant Talk Communications Inc. (ET) is a licensed ISR carrier (licenses including US FCC 214, HK ETS and ISP PNETS) providing voice, data transmission, pre-paid calling cards and ISP services. ET commenced operations as an international long distance services provider in late 1994 by establishing and operating hubs in Hong Kong and the US as its gateway to the North American and World carrier markets. The Company is a facility-based international long distance carrier offering highly reliable, low-cost switch-voice services for both the wholesale and retail market. ET is a brand-name provider of global long-distance telecom services and one of the leading international telecommunication service providers in Hong Kong. ET integrates advanced US telecommunication technologies to service China and Hong Kong's first tier telecommunications carrier markets, while facilitating price point and first-mover advantages for Hong Kong based carriers.
Forward-Looking Statement
Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward-looking statements.
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2002 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
STOCK SYMBOLS: [(srun-l)] [(hrct-l)] [(etlk-l)]
Keep the Faith!
M&M Man
Stocks Expected to Rise With Earnings Flood
By Brendan Intindola
Reuters
NEW YORK (Jan. 20) - The earnings dam will burst this week, unleashing a flood of numbers and business forecasts that are likely to buoy a stock market desperate for signs of an economic recovery.
"The story is going to be the earnings side of the equation, not the economic data side," said Charles Blood, director of financial markets analysis at Brown Brothers Harriman, New York.
"This week is going to bury us under earnings reports. I say (stocks will move) higher because we have a little pullback here and it sets the stage for the bull market to resume."
The week will bring earnings news from about 155 companies in the Standard & Poor's 500 index, including nearly half of the 30 blue-chip names in the Dow Jones industrial average, according to market research firm Thomson Financial/First Call.
Earnings are supposed to be down about 22.5 percent -- the worst in a decade -- but investors are more focused on corporate forecasts.
And because the stock market is closed on Monday in observance of Martin Luther King Jr. Day, the numerous announcements will be compressed into four days rather than five in the usual trading week.
The long list of American multinationals announcing results in the coming week include: International Paper Co., Merck & Co. Inc., ExxonMobil Corp., Philip Morris Cos. Inc., McDonald's Corp., Boeing Co. and Merrill Lynch & Co. Inc.
At the conclusion of the shortened week, just over half of the S&P 500 will have released earnings, giving investors pointers for the future.
"By the end of the week, the major trends in fourth-quarter earnings will be apparent, and the guidance issued during post-announcement conference calls will provide a glimpse into the earnings environment in 2002," said Joseph Kalinowski, the equity strategist of market research firm Thomson Financial/First Call.
GREENSPAN ON THE HILL, LEADING INDICATORS
Alan Greenspan, chairman of the Federal Reserve, will give investors a reason to look beyond the earnings deluge when he ascends the Capitol steps on Thursday, to testify before the Senate Budget Committee on the state of the U.S. economy.
His comments precede by nearly a week the Fed's next meeting on Jan. 29-30 to consider lowering interest rates. If the Fed cuts rates, it would be the 12th reduction in nearly 13 months.
Among the economic indicators scheduled for release this week are leading indicators for December on Tuesday, weekly chain-store sales figures on Wednesday, weekly jobless claims on Thursday and existing home sales on Friday.
"The issue: 'Is the economy bottoming?' We think it has. Everyone needs to be on the lookout for signs the economy is doing better. So, although it has a little bit of a lag, the leading indicators will provide some of that," Blood said.
LEAVING BEHIND A ROUGH WEEK
For the week that ended on Friday, stocks dropped, marking the close of the second straight losing week of the year. So far in 2002, the Dow Jones industrial average is down 2.5 percent, the Nasdaq Composite is off 1.1 percent and the benchmark Standard & Poor's 500 has declined 1.8 percent.
A combination of results and forecasts have weighed on the market. On Friday, International Business Machines Corp. and Microsoft Corp. failed to offer the optimism the market craves. The disappointing news from IBM, also known as Big Blue, and Microsoft drove down both the Dow average and the Nasdaq.
Those companies "are not seeing any big signs of recovery and they're uncertain about the future," said David Memmott, head of listed block trading at Morgan Stanley. "People are kind of hoping for better news. But most likely, we're still in the end of an economic downturn."
So far, with 107 Standard & Poor's 500 companies reporting quarterly results, earnings have edged out Wall Street's lowered forecasts by an average of about 3 percent. Sixty-six companies, or nearly 62 percent of those reporting, have exceeded analysts' expectations.
In the tech-heavy Nasdaq 100 index, of the 19 companies reporting, earnings are exceeding analysts' expectations by nearly 16 percent on average.
10:07 01-20-02
Keep the Faith!
M&M Man
Stocks Expected to Rise With Earnings Flood
By Brendan Intindola
Reuters
NEW YORK (Jan. 20) - The earnings dam will burst this week, unleashing a flood of numbers and business forecasts that are likely to buoy a stock market desperate for signs of an economic recovery.
"The story is going to be the earnings side of the equation, not the economic data side," said Charles Blood, director of financial markets analysis at Brown Brothers Harriman, New York.
"This week is going to bury us under earnings reports. I say (stocks will move) higher because we have a little pullback here and it sets the stage for the bull market to resume."
The week will bring earnings news from about 155 companies in the Standard & Poor's 500 index, including nearly half of the 30 blue-chip names in the Dow Jones industrial average, according to market research firm Thomson Financial/First Call.
Earnings are supposed to be down about 22.5 percent -- the worst in a decade -- but investors are more focused on corporate forecasts.
And because the stock market is closed on Monday in observance of Martin Luther King Jr. Day, the numerous announcements will be compressed into four days rather than five in the usual trading week.
The long list of American multinationals announcing results in the coming week include: International Paper Co., Merck & Co. Inc., ExxonMobil Corp., Philip Morris Cos. Inc., McDonald's Corp., Boeing Co. and Merrill Lynch & Co. Inc.
At the conclusion of the shortened week, just over half of the S&P 500 will have released earnings, giving investors pointers for the future.
"By the end of the week, the major trends in fourth-quarter earnings will be apparent, and the guidance issued during post-announcement conference calls will provide a glimpse into the earnings environment in 2002," said Joseph Kalinowski, the equity strategist of market research firm Thomson Financial/First Call.
GREENSPAN ON THE HILL, LEADING INDICATORS
Alan Greenspan, chairman of the Federal Reserve, will give investors a reason to look beyond the earnings deluge when he ascends the Capitol steps on Thursday, to testify before the Senate Budget Committee on the state of the U.S. economy.
His comments precede by nearly a week the Fed's next meeting on Jan. 29-30 to consider lowering interest rates. If the Fed cuts rates, it would be the 12th reduction in nearly 13 months.
Among the economic indicators scheduled for release this week are leading indicators for December on Tuesday, weekly chain-store sales figures on Wednesday, weekly jobless claims on Thursday and existing home sales on Friday.
"The issue: 'Is the economy bottoming?' We think it has. Everyone needs to be on the lookout for signs the economy is doing better. So, although it has a little bit of a lag, the leading indicators will provide some of that," Blood said.
LEAVING BEHIND A ROUGH WEEK
For the week that ended on Friday, stocks dropped, marking the close of the second straight losing week of the year. So far in 2002, the Dow Jones industrial average is down 2.5 percent, the Nasdaq Composite is off 1.1 percent and the benchmark Standard & Poor's 500 has declined 1.8 percent.
A combination of results and forecasts have weighed on the market. On Friday, International Business Machines Corp. and Microsoft Corp. failed to offer the optimism the market craves. The disappointing news from IBM, also known as Big Blue, and Microsoft drove down both the Dow average and the Nasdaq.
Those companies "are not seeing any big signs of recovery and they're uncertain about the future," said David Memmott, head of listed block trading at Morgan Stanley. "People are kind of hoping for better news. But most likely, we're still in the end of an economic downturn."
So far, with 107 Standard & Poor's 500 companies reporting quarterly results, earnings have edged out Wall Street's lowered forecasts by an average of about 3 percent. Sixty-six companies, or nearly 62 percent of those reporting, have exceeded analysts' expectations.
In the tech-heavy Nasdaq 100 index, of the 19 companies reporting, earnings are exceeding analysts' expectations by nearly 16 percent on average.
10:07 01-20-02
Keep the Faith!
M&M Man
EZ.. .guess what else? Walmart is in talks with Martha Stewart. Nothing like kicking a dead dog! Geesh.
Peace. . .
Keep the Faith!
M&M Man
Does anyone have any idea when we'll see the upgraded Okid site? Or. . .a potential "PR" to inform investors of what is going on? We really need an update.
Peace. . .
Keep the Faith!
M&M Man
Willy...
If you can dig up any more information on SYGE, let us know. I've noticed that one was mentioned in another report I reviewed over the weekend.
Peace. . .
Keep the Faith!
M&M Man
I can't wait until we see the day when this R/S and merger is complete. I don't think we'll see much action on this one until all the work is completed. It will be nice to have our thread named after Sinobull.com. . .which in turn will help to get rid of the GTCI ticker and the confusion in the market. I really thought the GTCI/Sinobull merger would be completed before the SRUN/ET deal. Nothing ever goes as planned:(.
Peace. . .
Keep the Faith!
M&M Man
Does anyone know of a site where one can research how many shares are "short" on any given stock issue? If so, please post the site.
Thanks. . .
Keep the Faith!
M&M Man
Two more interesting stocks to run through your favorite charting centers:
TXCO and DANKY. TXCO needs a bit more volume but has a nice trend. DANKY has really been moving. We'll have to see if it can keep up the pace. . .
Peace. . .
Keep the Faith!
M&M Man
Tim.. .Wow! That chart shows strong forward movement potential. I'd call that one an "illusion" to follow VERY closely. . .
Peace. . .
Keep the Faith!
M&M Man
Tim. . .I believe the big drop was do to a deal with PFE falling through. Nobody appears to be able to figure out why the deal went sour. I'll have to double-check on that one. Just been reading other people's reports this morning. Trying to do a "roundup" and then narrow down the pickins in a couple hours.
The stocks that appear poised for continued forward movement that I am presently reading charts on are QTEK, ONCY and HRCT. I'm also going to watch the newly traded ETLK OTC BB stock, tomorrow. That's a sub of HRCT. They've diminished the float and are now a new company. Similar to EENT in float structure. EENT could move very abruptly. I just don't know enough about this "revolutionary" engine stuff. Need to keep a close eye on it, however. OTC BB stocks that can "deliver the goods" are usually the quickest movers in the market. Particularly with a low float like ETLK and EENT have. Will need to be steady on the trigger!
Keep the Faith!
M&M Man
QTEK has an RSI breaking the 70th percentile. Could make another upward advance. . . soon:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Keep the Faith!
M&M Man
Could see another shakeout on ISSC:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Peace. . .
Keep the Faith!
M&M Man
Toshac. . .
Take a look at the news report I posted from CEOcast's newsletter. The charts look good on ONCY. It's also trading in a good industry for this type of market. Upward movement seems favorable.
Peace. . .
Keep the Faith!
M&M Man
Tim. . .check out this chart on PALM ~~
It appears to be approaching an "oversold" condition. However, the shareprice is riding on the 30-day MA and could break lower. Also. . .the stochastics and the RSI indicate it may go a bit lower. Might be a good idea to watch for the breakouts at the 25 and 30% lines going upward >>>>>>
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=PALM&Timespan=260
Keep the Faith!
M&M Man
CEOcast commentary >>>>>>>>>
Volume XIII
The markets pulled back this week as investors began earnings season by taking some profits. The Dow fell 215 points, or 2.1%, the Nasdaq fell 4.5%, or 92 points and the S&P 500 fell 1.6%. This week’s decline left each of the indices down by approximately 2% for the year.
We believe that closer inspection of the earnings results that drove the markets this week provides important insight into key trends for this year. So far, with 107 Standard & Poor's 500 companies reporting quarterly results, earnings have edged out Wall Street's lowered forecasts by an average of about 3 percent. Sixty-six companies, or nearly 62 percent of those reporting, have exceeded analysts' expectations. In the tech-heavy Nasdaq 100 index, of the 19 companies reporting, earnings exceeded analysts' expectations by nearly 16 percent on average. Despite technology leaders International Business Machines (NYSE: IBM) and Microsoft (NASDAQ: MSFT) beating estimates, the market and these stocks fell heavily on Friday as IBM plunged over $5 and Microsoft dipped $3.76.
Why? We believe that there are several reasons. From a technical perspective, the market is overbought, giving investors a reason to "buy on rumor and sell on news". IBM had increased by 33% since late September, Microsoft by approximately 40% and Intel (NASDAQ: INTC) by 75%. The valuations on these companies were extremely high. As a result, investors chose to focus on IBM’s reduced revenue numbers and Microsoft’s lower future guidance rather than the fact that each bested analyst’s forecasts by a substantial margin.
Also, with the recent surge in the markets, stocks are now "priced for perfection". The S&P 500 sell at or near historically high P/E multiples (price to earnings ratios) of between 35 and 40 times earnings. In order to see further increases, investors are assuming that there will be a sharp improvement in the economy. While there have been signs, such as increasing consumer confidence and new unemployment claims stabilizing, many of the CEO’s that we speak to say that there is still little forward visibility. This is likely to constrain corporate spending on technology and other areas that are critical for a broad-based recovery. More importantly, it is likely that CEO’s will remain cautious with their guidance and that investors who were expecting a V-shaped recovery will be disappointed. Intel was a perfect example of that this week as it announced that it would cut its capital spending by 25% causing a sell-off in the markets.
We are likely to get even more corporate data this week, as 155 companies in the S&P 500 are scheduled to announce earnings, while nearly half of the Dow companies will release financial results. All of this will be compressed into four days, as the markets are closed Monday in observance of Martin Luther King Jr. Day. Companies reporting Tuesday before the market opens include Amazon.com (NASDAQ: AMZN), Ariba (NASDAQ: ARBA), Bank of America (NYSE: BAC), Johnson & Johnson (NYSE: JNJ), Lucent (NYSE: LU) and Merck & Co. (NYSE: MRK). After the market closes, Motorola (NYSE: MOT) and Emulex (NASDAQ: EMLX) among others, release results. Tuesday will be a busy day for the highly influential semiconductor sector, as the widely-watched book-to-bill ratio for December will be released. Fairchield Semiconductor (NYSE: FCS) and a host of smaller companies in the sector will also post results.
Wednesday will bring Pfizer (NYSE: PFE), Exxon Mobil (NYSE: XOM) and DuPont (NYSE: DD) before the open and Broadcom (NASDAQ: BRCM) and Siebel Systems (NASDAQ: SEBL) after trading ends. Thursday, Eli Lilly (NYSE: LLY), EMC Corporation (NYSE: EMC), SBC Communications (NYSE: SBC) and Nokia (NYSE: NOK) will post results before trading begins, while Qualcomm (NASDAQ: QCOM) and JDS Uniphase (NASDAQ: JDSU) provide results after the bell. We believe that investors should pay close attention to the guidance that these companies offer, as many of these companies have rallied strongly in the past several months, giving investors an opportunity to take profits.
On the economic front, Tuesday will bring leading economic indicators, which are expected to jump by 0.8%. Thursday will bring Alan Greenspan’s closely watched speech on the state of the economy before the Senate Budget Committee. After his speech on September 11th, the markets fell significantly, as he noted that there were still significant risks to the economic recovery. Thursday will bring initial jobless claims, while Friday existing home sales are expected to decline 1.2% due to seasonal factors.
Several of our Special Situation stocks will post results this week. One of our favorites is Pinnacle Systems (NASDAQ: PCLE), which makes broadcast, desktop and consumer products that provide video professionals and consumers digital video tools to create, store, distribute and view digital video. We believe the company will meet analyst’s forecasts AND issue positive guidance for the coming quarters. The company reports after the market closes on Tuesday. The company hit $10 earlier this month before profit-taking set in. We believe that after results are announced that the stock could rally from its closing price of $8.24. Latitude Communications (NASDAQ: LATD), which is a leader in providing enterprise e-conferencing solutions, announces its fourth-quarter results on Wednesday after the market closes. We believe that it will provide positive guidance on visibility, as demand has been increasing for its technology as travel concerns still exist. However, the stock has tripled from its lows, so investors should proceed with some caution.
Thornburg Mortgage (NYSE: TMA) will also post results on Wednesday, before the market opens. In December, it forecast that fourth-quarter earnings would exceed its third-quarter earnings of $0.52 per share and that it would beat analyst’s consensus estimates by at least 10%. We believe that the recent decline in interest rates will keep refinancing activity high, and that the company should be well-positioned to issue strong guidance for this year. Valicert (NASDAQ: VLCT) will also announce results on Wednesday after the markets close. The company, a leading provider of secure solutions for paperless e-Business, already warned that revenues would be disappointing for its fourth quarter, but that it would post a narrower loss due to aggressive cost cutting. We believe that the company will need to articulate a clear path to substantial revenue growth in order to regain the confidence of investors.
The advantage of doing research on many smaller companies is that it is often possible to identify investment opportunities before the media and Wall Street brokerage firms. One example is Questcor Pharmaceuticals (AMX: QSC), a specialty pharmaceutical company we featured last week due to its broad portfolio of products and its announcement that it anticipates that it will eliminate its burn rate before the end of the year. The stock was up 16% this week and the company announced that it was featured on CNBC this weekend, which should give it another boost next week. Many of the smaller stocks we cover have recently also had a series of positive developments. SurgiCare (AMX: SRG), which has ambitious plans to roll out its ambulatory surgical centers nationwide, announced that it will use a major industry meeting in April to launch its marketing strategy.
Investors who took our recommendation on Oncolytics Biotech (NASDAQ: ONCY) on December 9th are still well below the Special Situation price. However, those who that took our advice and purchased the stock earlier this week at $1.80 have been rewarded, as the stock increased to $3. The stock had lost over half of its value when it announced that it had terminated its agreement with Pfizer to develop its reovirus as an animal health product. We could never understand why a company, whose clearly stated mission is to develop the reovirus for humans, and one that has reported substantial progress in that area, would lose so much of its value after terminating a program that was not part of its core business. Now, it appears that investors have realized that the sell-off was overdone. The stock has increased all week on heavy volume, and should regain the levels it formerly traded at, which were in the $4-$5 range.
We mentioned several weeks ago that Galaxy Foods (AMX: GXY) had worked out many of the operational issues that plagued it last year, as the company experienced its share of growing pains due to difficulties in adding new production lines as a result of delays from the equipment’s manufacturers. The company just announced that it expects to break-even for its current quarter, a substantial improvement versus the $0.27 loss it posted last year at this time. It also announced that it should continue to gain efficiencies from operational improvements in the coming quarters, a sign that usually bodes well. The stock trades for $5.20. I-Trax (OTCBB: IMTX) continues to make substantial progress in its relationship with the Pentagon, as it deployed its healthcare management solution eImmune at four cure units within the Pentagon. The stock is currently priced at $1.46, but could test its 52-week high of $2.00 as it further develops this and other relationships.
International Mercantile Corporation (OTCBB: IMTT), a biometrics company has a promising payroll application for its technology. We believe that the company could announce contracts in the coming months as a result of the marketing and distribution relationships it has formed in Arizona and Nevada. The company finally eliminated the overhang in its stock this week as it completed the process of going public by finalizing its merger and assuming control of the Board of Directors. This should pave the way for an upward move from its current level of $0.48. One can often gain important information from regulatory filings, and we believe that we have uncovered a real gem in the filings for CT Holdings (OTCBB: CITN). The company reported there that it has developed a relationship with telecommunications giant SBC Communications. This could have substantial implications for the distribution of its security products, for if it is able to reach SBC’s millions of, it could dramatically increase the company’s revenues. Since this relationship has not been publicly announced, we believe there is a compelling opportunity for investors at just a $0.40 stock price.
SPECIAL SITUATIONS
Wave Systems (NASDAQ: WAVX) $2.44
One of the areas that continue to be a focus for us is computer security. We believe this will likely be a key growth area this year, as companies and consumers increasingly seek to protect their data. The company is engaged with many of the industry's leading companies to make secure computing a reality for consumers. The company has based its fortunes on its EMBASSY Trust System, which is the industry's first comprehensive trust infrastructure, tools and device components required to create, deploy, and manage trusted client hardware devices which are open, shared and programmable. Although single function security devices are prevalent today, the breakthrough architecture achieved by the EMBASSY Trust System provides the capability for multiple entities, such as service providers and individuals to share a single device while trusting that their individual interests have each been strongly protected from both local and network sources of attack. Although the company has a market capitalization of approximately $125 million, it has relationships with leading companies such as AMD, Samsung, Compaq, SSP Solutions and EDS. Wave and Samsung Electro-Mechanics Co., Ltd. recently announced that they will work together to manufacture and market low-cost, secure keyboards that will enable PC OEMs and other suppliers to assemble and market trusted personal computer products. The events of September 11th have also created interest in the company’s technology from Federal and state governments. The company appears to have the capital to grow its currently nominal revenues, as it had over $50 million in cash and marketable securities as of its September 30th reporting date.
The stock has been range-bound for the past four months, trading between $2 and $3 for most of the time. However, we have recently noticed a very positive sign, as the stock appears to increase on relatively heavy volume and retreat on much lighter activity. This tends to suggest that the stock is under accumulation, and is much more likely to increase than decrease over the near-term. Since the stock is liquid, we believe that investors can trade the stock with very limited downside and are likely to see the stock trend up from here. Of course, if the company announces a significant new deal or some news from its strategic partners, it could break out of its trading range.
DOR BioPharma, Inc. (AMX: DOR) $1.30
Last week we featured Questcor Pharmaceuticals, because we like pharmaceutical companies with broad product portfolios and reasonable valuations. We believe that the recent merger between the two predecessor companies, Endorex Corporation and Corporate Technology Development, creates a highly attractive opportunity here. It is a emerging drug delivery company developing oral and mucosal formulations of small molecule and macromolecular drugs that are traditionally delivered in non-oral formats. While drug delivery companies have traditionally not received the same kind of recognition on Wall Street as other biotech companies, we believe that the company’s current valuation belies its potential. The company trades at just twice its cash value. The Company’s lead ACE drug product, orBecTM, is an oral formulation of beclomethasone dipropionate (BDP) for the treatment of moderate to severe Intestinal Graft-Versus-Host-Disease (iGVHD). Graft-Versus-Host-Disease (GVHD) is a life threatening disorder affecting the skin, liver, and the intestinal systems of patients who have received bone marrow transplants. The company currently has a multi-center phase III trial ongoing for the treatment of Intestinal Graft-Versus-Host disease. It is also evaluating initiation of clinical trials for this disease in Europe. Intestinal Graft-Versus-Host-Disease is an immune-response disease that results from bone marrow transplantation, a well established treatment modality for various types of cancers, particularly leukemias. orBec™ has received orphan drug designation by the FDA for both GVHD and iGVHD applications. It has also received FDA "fast track" designation for Intestinal Graft-Versus-Host. It has also initiated a phase II trial recently in six centers for the treatment of Crohn’s disease, a major gastrointestinal disorder.
The stock has been thinly traded, as the company is still well below Wall Street’s radar screen. It has increased from $0.83 when the merger was announced, but is still well below where other drug delivery companies with late-stage clinical trials are valued. One of the key investors in the company is Paramount Capital, which has had a knack for picking small biotech companies and generating substantial returns on its investments. Its principal shareholder, Dr. Lindsay Rosenwald, recently took a position in another small drug delivery company, Flemington Pharmaceuticals. The stock increased by 150% in just six weeks. We believe that investors in DOR could be similarly rewarded.
Leftbid Corp. (OTCBB: SPCY) $0.78
We watched with great interest this week as eBay (NASDAQ: EBAY) announced a significant price increase for its auctions. Normally, a price hike could cause a company to lose some of its customers, but the last time that this leader in on-line auctions initiated a price increase, it had little effect on its business. This is because the company has had a dominant position in the origination of listings for auctions. We find a tiny upstart in the sector, Leftbid Corp., attractive for many of the same reasons. The company has a value of approximately $15 million, but has developed an origination capability that is impressive by any standard. LeftBid is a transactional system that links auction houses in Europe, North America and Asia, giving collectors around the world access to a wide variety of fine art, antiques and collectibles through a single Internet site. The company is able to forge relationships with these houses because it increases the number of participants in an auction, increasing revenues. For Leftbid, it provides a highly effective origination capability. The company recently added audio to its auctions, increasing a participant’s experience. What is even more compelling than its technology, however, is the scalability of its business model. Although the company has only been public since November 21st, its CEO recently announced that it already expects to be profitable for its current quarter, and that it can grow earnings at a 30% annualized rate. If this forecast is accurate, we believe that the company should generate EPS of at least $0.05 per share for the year on an extremely conservative basis. This would mean that the company currently trades for a multiple of less than 16 times current year’s earnings, with a high growth rate. eBay, by contrast, trades for a P/E multiple of over 100 times current year’s earnings, with a much lower growth rate.
The stock in this company has been extremely volatile, as the spreads have been quite wide and the volume sporadic. However, we believe that the company is taking steps to bring on new market makers, and that the recent increase in volume has been an encouraging sign. The stock hit $2.35 in early December, and we believe that because of some selling from shareholders in Spicology, the shell company that was acquired by Leftbid when it went public through a reverse merger, the stock traded down. However, it appears to have stabilized and we believe is now well positioned to regain the levels it enjoyed in December.
We appreciate the many reuests from our audience for companies to cover. Due to the volume (last week, we received over 3,000 alone), we are not able to respond to each individual request. However, our analysts are carefully evaluating these companies and will likely be conducting interviews with many of these CEO’s as part of our research. These interviews will be on our ceocast.com site. Should you have any suggestions, please e-mail them to us at news@ceocast.com.
Keep the Faith!
M&M Man
Tim. . .take a look at this chart and check out the On Balance Volume (OBV) line. >>>>>>>>> Chance appears to favor upward movement:
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=ONCY&Timespan=260
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M&M Man
ONCY could be interesting to watch. The pharmaceuticals and biotech stocks should do well this year (according to a couple of recent articles I have read). CEOnewscast is watching ONCY and had some good things to say about CITN and DOR, as well. Watch closely.
Keep the Faith!
M&M Man
Anyone out there doing any homework, today? eom
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M&M Man
boatRgirl ~~
Glad to see you on the Ihub thread. I believe it will be a "straight-across" 10-1 valuation. Therefore, the stock should trade about 45 cents. I'd expect to see a "bid" and "ask" price that a tanker can drive through until the demand on the stock increases. At that time, it's going to be a jumpy stock issue. These companies will small floats are very volatile. It could jump from 45 cents to 90 cents, rather easily. By the same volatility, it could sink from 45 cents to a quarter. Most stock issues that undergo a R/S fall in price before they begin to establish a footing with the market. Patience will probably be the highest virtue at this stage in development. It will be interesting to follow.
Hope all is well down south!
Peace. . .
Keep the Faith!
M&M Man
Hey guys...
Thanks for the new thread! I just tracked through the PRs from the past couple of months. Very interesting. Willy, if you get a chance. . .explain to us the "engine" part of this company. Who is behind the development of this "never before seen" technology? Can we expect to hear some clarification on this issue in the near future? . . .or is that segment of the company still in the R&D stage? Keep us posted.
Peace. . .
Keep the Faith!
M&M Man
Tim et. al. . .might want to check out this site for stock screening >>>>>>>>>
http://www.wallstreetcity.com/search/search_main.asp
**Use the "Quick Search" button on the left of the screen and select parameters.
Peace. . .
Keep the Faith!
M&M Man
Tim et al. . .keep an eye on ONCY eom
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M&M Man
MBR. . .
I don't think the Enova conversion to SRUN/ETLK shares was ever approved. My Enova shares still have no value. However, I do not believe ETLK will go that same route. I believe Enova was spun-off before anyone presently involved with ET ever knew HRCT existed. Therefore, it will probably be tough for ETLK to honor any Enova shares with value. Lets all watch and see how the new trend unfolds.
Peace. . .
Keep the Faith!
M&M Man
Muell. . .it's amazing, isn't it? One post can have a person believing they found the next "gusher" on an oilfield, the next post can have one believing they found a company that's a descendent of Al Capone LOL! Way to follow up!
**SYGE ~~ Now may be the time to put that one on the radar screen (particularly with all the statements about the biotech and pharm companies). It's going to be an interesting year.
Peace. . .
Keep the Faith!
M&M Man
ONCY ~~ worth watching>>>>>>>>>>>
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
If anyone out there is watching the biomeds and pharms they may want to keep a close eye on ONCY and CITN. I've read a couple of interesting articles stating this should be a good year for pharmaceuticals and biotech stocks. These two issues were covered on the latest report by CEOcast.com.
Peace. . .
Keep the Faith!
M&M Man
Amazing. . .The RB is still in business. Anyone seen the latest on Raging Bull? Rumor has it "It's going down!" All the investors with any savvy have left and gone to other shows. Nobody likes the market makers employees (including pitcairlessguy)...so. . .finally these dissidents from RB will have to find another home. But where? Where? Well, not here!~
Lets rock and roll! Buy em. . .sell em. . .and forget about em! Unless, of course. . .they can keep moving forward;).
Peace. . .
Keep the Faith!
M&M Man
Good Catch, Amuck
What a lot of people don't understand is that sometimes a company that is "already listed" is easier to do a deal with than actually trying to get listed. HRCT understands that philosophy and that is why they are merging Sinobull.com with GTCI and ET with SRUN. Note, the ET deal is already complete. Now ET is NOT SRUN! Sometimes I have to wonder where the minds of people wander off to. The best way to get a listing in this market is to do a takeover of a company that can't hold their grip. The "ticker symbol" of a company may or may not remain the same. . .but the "ticker symbol" in and of itself is not what dictates the "present" organizational structure of a company that may have once held that ticker symbol. A good PR campaign can clarify most changes in organizational structure and intent. It's a good idea to watch more than just the ticker symbols
. Watch the changes. . .and who are involved.
Peace. . .
Keep the Faith!
M&M Man
Ray. . .LOL! Lets hope EENT doesn't have any affilliation whatsoever with the CHAG shag LOL. My understanding on EENT is that they have already initiated production (beginning on the 9th of January). More news should be forthcoming and a promotional campaign is underway. With the low float, it will be interesting to follow. Particularly if their PRs have any amount of substiality to them. It appears to be easy money to me. In these days, I am of the opinion that it is easier for a 30 cent stock to go to 50 cents than it is for a thirty dollar stock to go to fifty bucks. Hey. . .gotta know where to plug the bucks when the market is good. . .and when the market is bad. ;)
Peace. . .
Keep the Faith!
M&M Man
Muell. . .
See posts on the POW board. I'm watching EENT very closely. Also watching where they are headed. It's an OTC BB stock. But it's one I'll throw a few grand into
.
Watch closely. The winds blow swiftly on OTC BB stocks.
Peace. . .
Keep the Faith!
M&M Man
"Trader" vs. "Investor" mentality. . .
It's interesting to watch how many people get all worked up over individuals that purchase stocks in order to sell them at a profit. This "investor" thing is really interesting. Why are these people "investing?" Obviously, the reason they "invest" is to make money in the market. More interesting, why am I going on about it? Well. . .just from some of the interesting commentary stemming from other sites. I think a LOT of people out there need to review the markets and what they are all about. They also need to take a look at what the most successful people in market history did to become "successful" at trading stocks. They DID NOT buy a stock at adequate valuation and hold it for 80 years. Warren Buffet's early strategy (the one that got him wealthy!) was NOT to "buy and hold" stocks. To this very day Warren Buffet will be one of the strongest advocates to say that ANY STOCK IS WORTHLESS! People believe they are buying stock in a company to help the company succeed. NOT. People are buying stock in a company to make a PROFIT off of the company. And hopefully the company's shares will bring them that profit. Wallstreet does not go by ANY procedure for valuing a stock issue when there is a BEAR market. The ONLY value a stock has is the value the attending public will place on it in accordance with "supply" and "demand". Period.
THIS IS A TRADER'S MARKET! However, everyone out there can determine their own definition of investing. I have toured a couple other threads in the past week. I am sorry to say that most of the people on those threads are LOSING their money because their BELIEFS about today's market are not in alignment with reality. The REALITY of the market right now is that there is no REALITY. It's all an illusion. And those that understand the illusion. . .realize that they need to SELL a stock issue after the illusion of a particular issue has worn off. Market makers know exactly what I am talking about. Somebody out there is going to create an "illusion" that one particular stock or another is going to go through the roof. Sometimes, that is the CEO of a company! Hopefully. . .they have a GREAT place to HIDE from the SEC. Another person may be an individual with a following. Not necessarily a registered trader, but someone that others believe knows what they are talking about. However, it is up to the INVESTOR who plugs their cash into the system to decide who they trust. It is MOST important to do one's OWN DD and find out . . .develope. . .whatever, their own strategy for investing. And a good way to develop a strategy is to base one's strategy on HOW THIS MARKET WORKS! So. . .
Here's my philosophy ~~ When you find something that may be in the "public's eye" and appears to have been oversold. Consider doing more DD on it and developing some type of technique that will let you get in at the lowest point possible. After you make a 25% gain (if you have a position of over five-thousand dollars) sell 25% of your position. When the stock runs another 25%. . .sell 25% of your original position. This will leave you with 50% of your holding. . .and a 50% profit. If the company's stock continues to run. . .take another 25% of your position off the table after the stock has provided you with a 100% gain. Hold the other 25% of your original position.. .to see if it can be that "10-BANGER" everyone dreams of. If it doesn't. . .place a "stop-loss" on the remainder of the position and get out while the getting is good! Then. . .Go do your DD and find another stock issue where the "illusion" of the INVESTOR has taken over. Trade the doggon thing after you get gains. Become a part of a winning team of individuals that knows how to identify these stocks with "illusionary" potential. . .and you TOO will be a winner in the stock market.
In Ending:
Stocks have NO emotions. People, however, do. They get VERY emotional about their investments. . .and their BELIEFS are being swayed by somebody, somewhere. . .to stir those emotions. Remain "objective" with your investments and you will be able to get out with a profit. Get overly greedy. . .and. . .somebody else WILL get out with your money. How's that for an investment philosophy!!!
Peace. . .Have a good weekend. I found a couple of "public illusions" that I'll be selling on their way up
Keep the Faith!
M&M Man
Tim. . .
You are right about that. Most of the OTC BB stocks are trading stocks only. Gotta get in early enoug to get out early enough. At any rate, the float on that one is rather small. Not sure what may be forthcoming but rumor has it someone out of Canada is "short" on the stock. Any pressure against the short could make it move. I'm still taking a close look at some other cheap stocks as well.
Others ~~
Long term investors ~~ Watch SMTC for the end of its recent pullback. CSCO and SUNW are also looking good. If you watch some small caps. . .DVNT is right where it typically pulls back to. . .prior to a runup. I'm watching for any significant news on that one.
OTC BB ~~ HRCT is once again looking interesting after breaking out of the 30-day MA. I hope that trend continues.
Keep those portfolios balanced. Sometimes there can be some great rewards by being in a couple high risk ventures.
Peace.. . .have a great weekend everyone!
Keep the Faith!
M&M Man
Tim. . .here's some information that may be viable. We should see news next week. . .watch closely:
OTCBB: EENT
Total restricted shares 8,881,907
Total unrestricted shares 1,300,000
Balance at date 30 September 2001 10,181,907
Energy & Engine Technology Corporation (EETC) is a Nevada Corporation formed in 1999. The Company’s stock is currently traded on the over the counter bulletin board public exchange which is fully reporting.
The core business of the Company is the development of emerging technology for applications in (i) the energy industry – oil and gas drilling, development, and redevelopment – and in (ii) power systems – innovative engine designs to produce more power, more efficiency, and improved emissions profiles.
Current operations consist of the operation of a 65-mile natural gas gathering system. The pipeline is located in an area where development potential of new oil and gas drilling and redevelopment of existing production to improve production of marginally producing wells is substantial. Specific technologies are being reviewed as testing and final stage development progresses. EETC’s is negotiating to acquire and/or license such technology for the energy industries as well as pursuing prospects for drilling programs in the pipeline area..
The company is also pursuing technology in new and innovative engine designs. Negotiations are underway for final stage development participation in engine design never seen before in power systems applications
Full profile & CEO Live Interview http://willywizard.com/profile-EENT.htm
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M&M Man
Nice Chart. . .
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=LFZA&Timespan=260
Keep the Faith!
M&M Man
Have a great weekend, everyone. It should be a VERY interesting Monday.
Peace. . .
Keep the Faith!
M&M Man
***QTEK's volume is picking up at the end of the day. Over 140K shares traded. "Ask" just moved to 19 cents.
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M&M Man
DVNT and HRCT pushing their daily highs. QTEK also holding at 18 cents. Interesting to see attention going into the small caps. Could be an interesting week coming up. Looks like ELON and FWC are really picking up steam. HTEI is also up nicely. Amongst the "most active" shares being traded, it looks like better than 90% of them are trading down. It could be a good to stay focused on the small caps. Lets see how we end the day.
Peace. . .
Keep the Faith!
M&M Man
They wouldn't take my bid on LFZA so I bought EENT, instead. Well. . .next week should be interesting. Got in at the bottom on a few goodies. Or at least it looks like a bottom. That "annual high" $ on EENT looks interesting. Nine bucks. If some of their negotiations actually materialize.. .could be a winner. There can't be a lot of extra shares out there on that one. The stock jumps like an electron leaving its' orbital!
Peace. . .
Keep the Faith!
M&M Man
Somebody bought a block of 400K shares. Something must be going on. Interesting.
Keep the Faith!
M&M Man
LFZA is finally TRADING over 1/2 million shares. I have another order in for a few more shares
.
Keep the Faith!
M&M Man