Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here's another of my favorites:
GSCP has incredibly low volume, but the funnymentals are Great, and this breakout of .51 that goes all the way back to May '03 should yield about .40 IMO Do some DD on this one, and you may like it too...It may take a while to develop, so I look at this as a long term Hold...
GLTA ;>)
Take a look a RBAK pre-market this a.m.
They reported Q2 after the bell yesterday, and beat the street by .05 They also came out with a PR this a.m. about a deal in a Capitol city of a Province in China! http://biz.yahoo.com/bw/050721/215230.html?.v=1
It closed yesterday at 7.53 and the pre-market bid and ask are 8.10-8.23 I hope that .70 gap up fills at least half way so I can finish loading the boat...This has been my second favorite stock for the last few weeks. Today should be a very interesting day for RBAK!
CPTCQ is still my favorite, and BIPH is very close to a huge breakout, though is a bit overbought at the moment...but also had a good PR this a.m. http://biz.yahoo.com/bw/050721/215315.html?.v=1
Look for 2.96 and/or 3.14 to be taken out in the near future...then, this baby will FLY!!!
GLTA ;>)
Take a look a RBAK pre-market this a.m.
They reported Q2 after the bell yesterday, and beat the street by .05 They also came out with a PR this a.m. about a deal in a Capitol city of a Province in China! http://biz.yahoo.com/bw/050721/215230.html?.v=1
It closed yesterday at 7.53 and the pre-market bid and ask are 8.10-8.23 I hope that .70 gap up fills at least half way so I can finish loading the boat...This has been my second favorite stock for the last few weeks. Today should be a very interesting day for RBAK!
CPTCQ is still my favorite, and BIPH is very close to a huge breakout, though is a bit overbought at the moment...but also had a good PR this a.m. http://biz.yahoo.com/bw/050721/215315.html?.v=1
Look for 2.96 and/or 3.14 to be taken out in the near future...then, this baby will FLY!!!
GLTA ;>)
greeneyedhawk--OK--I bought into HISC today...
On the 5.5MM$ contract news...been watching it for a while...I guess "better late than never" is the operative phrase here...pretty good volume already today...take out that .145 and then the .15 from way back, and this baby could FLY!!! Thanks for the heads up on this one...
GLTA ;>)
Yes beigledog--Scottrader is goofy today...
The Level 2 bid and ask on CPTCQ there shows 3.12-3.14 right now...
At Fidelity it is 3.11-3.13 The Time and Sales don't match either...Some trades go through on one but not the other, though that's not too unusual...
GLTA ;>)
CPTCQ News Out This Morning...
Composite Technology Receives Positive Self Damping Test Results From FCI's Electrical Power Interconnect Division
PR Newswire - July 18, 2005 08:05
Test Results Support FCI/CTC Continued Joint Development of Connector Products for ACCC
IRVINE, Calif., July 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), a leading developer of high-performance composite core conductor cables for electric transmission and distribution lines, today announced that its strategic partner for hardware development and sales, FCI's Electrical Power Interconnect Division, (EPI), a subsidiary of the AREVA Group, released the results of a series of tests of self damping properties performed on CTC's Aluminum Conductor Composite Core (ACCC) cable and hardware components by FCI-Burndy Products.
The tests were conducted at FCI's state-of-the-art, renowned testing facility in Evreux, France. The tests clearly demonstrate that ACCC cable has vastly superior self damping characteristics as compared to the traditional steel center core currently supporting the vast majority of all high-voltage transmission wires in the United States.
"Once again these tests demonstrate the superior performance of CTC's composite core technology," said CTC's Benton Wilcoxon, CEO. "As our vendors and partners test the integrity of our novel products at the highest standards, we see results proving the superior performance and economic advantages of our ACCC cable and related hardware technologies."
CTC and FCI engineering teams have worked jointly for well over a year in engineering and testing connector and hardware designs to meet HT / LS ACCC criteria. As a result of the test data, FCI-Burndy will expand the line of connector, suspension, hardware and vibration damping products based around CTC's ACCC cable.
The purpose of the self damping test is to measure the power dissipation characteristics of overhead conductors. The data is used to assist in the selection of vibration dampers for the cable. The logarithmic decay method was used to perform these tests. Data developed during the tests allows for the precise calculation of equipment design and location of the hardware mounted on the transmission conductors. Reducing mechanical vibration from environmental conditions is expected to decrease maintenance cost and increase the transmission system reliability.
GLTA ;>)
cws9--This is why CPTCQ is running today:
Composite Technology Receives Positive Self Damping Test Results
(COMTEX) B: Composite Technology Receives Positive Self Damping Test Resuls From FCI's Electrical Power Interconnect Division:
Composite Technology Receives Positive Self Damping Test Results From FCI's Electrical Power Interconnect Division Test Results Support FCI/CTC Continued Joint Development of Connector Products for ACCC ( PRNewswire-FirstCall )
IRVINE, Calif., July 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Composite
Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), a leading developer of
high-performance composite core conductor cables for electric transmission and
distribution lines, today announced that its strategic partner for hardware
development and sales, FCI's Electrical Power Interconnect Division, (EPI), a
subsidiary of the AREVA Group, released the results of a series of tests of self
damping properties performed on CTC's Aluminum Conductor Composite Core (ACCC)
cable and hardware components by FCI-Burndy Products.
The tests were conducted at FCI's state-of-the-art, renowned testing facility in
Evreux, France. The tests clearly demonstrate that ACCC cable has vastly
superior self damping characteristics as compared to the traditional steel
center core currently supporting the vast majority of all high-voltage
transmission wires in the United States.
"Once again these tests demonstrate the superior performance of CTC's composite
core technology," said CTC's Benton Wilcoxon, CEO. "As our vendors and partners
test the integrity of our novel products at the highest standards, we see
results proving the superior performance and economic advantages of our ACCC
cable and related hardware technologies."
CTC and FCI engineering teams have worked jointly for well over a year in
engineering and testing connector and hardware designs to meet HT / LS ACCC
criteria. As a result of the test data, FCI-Burndy will expand the line of
connector, suspension, hardware and vibration damping products based around
CTC's ACCC cable.
The purpose of the self damping test is to measure the power dissipation
characteristics of overhead conductors. The data is used to assist in the
selection of vibration dampers for the cable. The logarithmic decay method was
used to perform these tests. Data developed during the tests allows for the
precise calculation of equipment design and location of the hardware mounted on
the transmission conductors. Reducing mechanical vibration from environmental
conditions is expected to decrease maintenance cost and increase the
transmission system reliability.
About FCI:
FCI, a subsidiary of the AREVA GROUP, is a leading Global manufacturer employing
over 12,500 people in more than 30 production facilities around the world.
Through its wide ranging distribution network, FCI provides reliable connection
systems and solutions to the telecommunications, data, industrial,
instrumentation, energy, automotive, and space industries. FCI/EPI -- BURNDY
PRODUCTS is located in Manchester, New Hampshire. Visit the FCI website:
www.fciconnect.com.
About CTC:
Composite Technology Corporation is an Irvine, California based company
providing high performance composite core conductor cables for electric
transmission and distribution lines. The novel proprietary ACCC cable is
superior to existing conventional conductor products of the same diameter in a
number of key performance areas, including: Up to twice the ampacity of
conventional cables; virtually eliminates high-temperature sag; uses
conventional installation methods and tools; reduces construction costs on new
lines by requiring fewer structures; may be retrofitted on existing structures
to increase current capacity; non-corrosive core; eliminates bi-metallic
corrosion; and reduces line losses, compared with same diameter conventional
cables, at same operating temperatures. More information can be found at
www.compositetechcorp.com or by contacting James Carswell, Director of Investor
Relations, at 760-416-8628.
This press release may contain forward-looking statements, as defined in the
Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for
forward-looking statements provided to companies by the Reform Act does not
apply to Composite Technology Corporation (Company). However, actual events or
results may differ from the Company's expectations on a negative or positive
basis and are subject to a number of known and unknown risks and uncertainties
including, but not limited to, competition with larger companies, development of
and demand for a new technology, risks associated with a startup company, risks
associated with international transactions, general economic conditions,
availability of funds for capital expenditure by customers, availability of
timely financing, cash flow, timely delivery by suppliers, or the Company's
ability to manage growth. Other risk factors attributable to the Company's
business segment may affect the actual results achieved by the Company and are
included in the Company's Annual Report filed with the Commissioner on Form
10KSB for fiscal year ended September 30, 2004.
Contact: James Carswell
SOURCE Composite Technology Corporation
CONTACT: James Carswell of Composite Technology Corporation, +1-760-41
-8628
URL: http://www.prnewswire.com
http://www.compositetechcorp.com
http://www.fciconnect.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Another GREAT Find!--beigledog...
You're on a ROLL...
GLTA ;>)
Another Awesome Monday a.m. PR!!!
We have VALIDATION from France for CTC and FCI-Burndy!
The tests were conducted at FCI's state-of-the-art, renowned testing facility in Evreux, France. The tests clearly demonstrate that ACCC cable has vastly superior self damping characteristics as compared to the traditional steel center core currently supporting the vast majority of all high-voltage transmission wires in the United States."
"As a result of the test data, FCI-Burndy will expand the line of connector, suspension, hardware and vibration damping products based around CTC's ACCC cable."
Way to go CTC...You're on a ROLL now...How about a PR next Monday about the UK, Mexico the following Monday, Brazil next...You get the idea...
Good Luck To ALL ;>)
Hey MACDad, I LOVE that kinda chart too...
Catchin' falling knives...ya' gotta love it...
I especially like the Cliff Diver you created, jumping off of the top of that chart...too funny...
Have a good weekend...and GLTA ;>)
The Weekly & Daily Charts--LOOKIN' GOOD...
Another Big Green Candlestick this week much like last weeks, and again closing .02 off the intra-week highs, and closing above the 50-SMA! The RSI is not too high. The DMI+ is about to cross up thru the DMI-. The stochastics are getting high but could remain up there if it continues to Boosh next week. The MACD broke above zero, and it broke up thru the EMA Line. The volume was the biggest in 9 weeks, and beat the previous weeks volume by 1,316,300 Looks VERY BULLISH to me...
A nice 4 day consolidation in an uptrend that surprised me by breaking up...I thought it was gonna dump Friday afternoon... Instead, it closed Friday above the 200-SMA!!! The RSI and Stochastics are too high, ADX is OK, MACD EMA lines look good...
I wouldn't be surprised if we got another PR Monday a.m. before the bell to propell this well above 3.00, and then make that level support. The next resistance level I see is at 4.25
Good Luck To ALL ;>)
CPTCQ Weekly Chart is LOOKIN' GOOD...
Another Big Green Candlestick this week much like last weeks, and again closing .02 off the intra-week highs, and closing above the 50-SMA! The RSI is not too high. The DMI+ is about to cross up thru the DMI-. The stochastics are getting high but could remain up there if it continues to Boosh next week. The MACD broke above zero, and it broke up thru the EMA Line. The volume was the biggest in 9 weeks, and beat the previous weeks volume by 1,316,300 Looks VERY BULLISH to me...
A nice 4 day consolidation in an uptrend that surprised me by breaking up...I thought it was gonna dump Friday afternoon... Instead, it closed Friday above the 200-SMA!!! The RSI and Stochastics are too high, ADX is OK, MACD EMA lines look good...
I wouldn't be surprised if we got another PR Monday a.m. before the bell to propell this well above 3.00, and then make that level support. The next resistance level I see is at 4.25
Good Luck To ALL ;>)
Excellent Report beigledog!!!
Thanks for the information, and we look forward to anything else you can add...
I wish Ms. Brownell had prior knowledge of ACCC, instead she's heard of MMM's product...hmmmm...At least she's heard about it NOW!...Of course Jim Haunty has heard about it, as we are doing business with AEP, and he'd BETTER BE Excited...
What was Ms. Brownell's reaction AFTER she had heard about ACCC? Was she present when Mr. Haunty was getting all worked up over ACCC's Virtues? Did she say she would look into it, and compare ACCC with MMM's product? Or just kind of shrug it off? It's great she says all future transmission lines should be made of composite...
What is the PUHCA? And why do they all agree it would be good to repeal it?
Did you attend that Conference as part of your work, or did you just decide to go? Lucky you either way...
GLTA ;>)
Impressive!!! beigledog...
Norma Mead Brownell: Can't wait to hear what she had to say...
I hope she's heard of CTC...I look forward to your report.
TIA
Commissioner Brownell was nominated by President George W. Bush to serve on the Federal Energy Regulatory Commission (FERC) on April 30, 2001. She was confirmed by the United States Senate on May 25, 2001. Her term of office expires June 30, 2006.
Prior to joining FERC, Ms. Brownell served as a member of the Pennsylvania Public Utility Commission (PUC). During her tenure at the PUC, Ms. Brownell took an active role in the rollout of electric choice in Pennsylvania. In addition to her work in establishing the framework for one of the most successful retail electric markets in the country, Ms. Brownell was a leader in the administration of Pennsylvania's Electric Choice Consumer Education Program. She has an extensive background in communications, marketing and community relations that enabled her to effectively communicate the benefits of the program to community members.
Commissioner Brownell is the former President of the National Association of Regulatory Utility Commissioners (NARUC). She has served on the Boards of Times Publishing Company, Millennium Bank, Foundation of Architecture, Philadelphia Free Library, Need in Deed and Philadelphia Regional Performing Arts Center.
GLTA ;>)
CTC held up Very Well today...
It's a nice 2 day consolidation in an uptrend...It needed to take a break and catch it's breath after running so hard lately...There didn't seem to be a lot of sellers, the market seems to think it's fairly valued here...Tomorrow a.m. before the open would be a good time to release another PR, as that would send it up over 3.00 IMO, and maybe find that as a new support level...
Sometimes I use Yahoo charts to get a different perspective...
This one looks OK, especially the moving averages...I've got to admit it's a little top heavy, but that's no reason for a panic selloff just because we don't get a PR this week IMO...Things are looking pretty rosy in CTC Land lately...
GLTA ;>)
CPTCQ is still in fine shape...
It's a consolidation in an uptrend...CPTCQ just needed a day or two to catch it's breath after running so hard...There's no need for a panic selloff, as things are looking pretty good in CTC Land, and everyone knows it...So what if it breaks 2.80? I see that double top too and ain't worried one bit...
GLTA ;>)
Hey all, take a look at GSCP...
GlobalSCAPE...
Very low average volume, just set new 52week highs yesterday on 10X average volume, good funnymentals, just came out with a new product PR...It's a slow mover but could see a double over the long term IMO...
What do you all think?
GLTA ;>)
And beigledog--here's the weekly chart...
I spoke of yesterday that now shows the approaching buy signals as of yesterday's close. We are down today, so things won't look so good after this chart updates tonight...
The 15-SMA is trying to go up again...This week the pps rose above the 50-SMA and the next resistance level I see is around 3.75 ...The RSI is still low--below 60...The DMI+ is about to cross up over the DMI- ...The stochastics are showing overbought, but it is not one of my favorite indicators...The MACD has crossed up into positive territory, and it's lines are also crossing and just need to get above zero, then this baby can fly...the volume last week was the biggest in 8 weeks, and could be even bigger this week at Friday's close...
GLTA ;>)
b.dog--you're Welcome...the one thing
I forgot to ask Mr. Carswell was about naming Jiangsu Far East Co. Ltd. out "Partner" in the China PR. I guess we all know they are partners of ours from the MOU, but was hoping to clarify with him if they had signed anything more concrete with them lately...If anyone else plans on calling him in the near future, please include this question in with yours...TIA
GLTA ;>)
I just got off the phone with Mr. Carswell...
1) There is NO CTC Office in Taiwan, and they have no intention of opening one there. I asked about Shanghai, and he said that was "under discussion". (the PR out today clearly stated CTC and ACCC so I can't figure out how you guys are coming up with bicycles...)
2) He told me that "Settlement Talks" are still ongoing with both Aquavest and Ascendiant and others, and some of his comments about the prior I should not post about, other than TOO FUNNY! And yes, they could win their cases in State Court, and still be over-turned by Judge Ryan in BK court. If the State Court cases are not concluded by Sept. 8th, those decisions will still have to go before Judge Ryan...
3) I asked about possible dilution of common shares...He gave a figure of 10% maximum, and hinted the shares given to victorious litigants (if any) would be other than "common" shares...I forget the term he used...maybe "preferred"??? maybe "registered". 144's?
4) The Poles are on the back burner for now, as they are concentrating on producing ACCC, and spoke of "ramping up production for anticipated upcoming demand"...The Pole Plant in Kingman is still under discussion, but mentioned CTC has come a long way since that deal was brokered, and I got the impression he thought they could Do Better...
5) As always, he says he is working on "A Number" of PR's and seems very upbeat about exiting Ch.11 in record time and looking good after exiting. He mentioned Dosmestic Utilities, Foriegn Countries, but nothing in particular...He said he was driving into the office now to attend a meeting re: Poles among other things...
It was an interesting conversation, he sounded upbeat and helpful as usual. I came away from it feeling Good...
It never hurts to call him yourself...
GLTA ;>)
News Release Out This Morning...
"Taiwan, July 12, 2005 (SinoCast via COMTEX)--Taiwan-based Composite Technology Corporation (CTC) announced that the company had sold 30,000 meters of Aluminum Conductor Composite Core (ACCC) cables to Jiangsu Far East Co. Ltd., a Chinese mainland customer located in Jiangsu Province. CTC revealed at the same time that it will start to test ACCC cables at Electric Power Construction Research Institute (EPCRI), and Shanghai Electric Cable Research Institute, which are two leading institutes in the Chinese electric designing field. The tests will last 30 days to ensure some minimum values of safety and reliability that the Chinese laws require. You Chuanyong, senior engineer with EPCRI, expressed that they expect CTC Cable to meet the requirements of the tests as soon as possible to help China satisfy its electric distribution demands. From the 1980s when China carried out the black out regulation on it witnessed the worst power supply shortage in 2004, and this caused the electric breakoff in 24 provinces, as well as in some of the largest cities in the country. To satisfy the demand from imporving the countries electric power distribution, the State Grid Corporation of China, which controls the electric power distribution in 22 provinces, will expend in 2005 CNY 107 billion (USD 13bn) on paving and maintaining cables. In addition, China Southern Power Grid Co. Ltd (CSG), the smaller of the two state-owned electricity supply companies, will be likely to invest CNY 30.5 billion (USD 3.6 bn) To build up and maintain the elctricity grid, and pave a power line of about 3000 miles."
From eNet, Page 1, Monday July, 11 2005
info@SinoCast.com
How do you "pave" a power line, one THATS 3000 MILES LONG !!!..............OK CTC, how about a PR tomorrow stating that you opened an office in Taiwan...
GLTA ;>)
Here's the latest SEC Form 8-K that ties into...
Todays' Warranty PR...It is dated 7-5-05 at the top of the document, and just turned in today...
Part of this rise starting last week may have been "insider knowledge" of this upcoming 8-K???
http://www.sec.gov/Archives/edgar/data/317477/000114420405021181/v021333_8k.txt
GLTA ;>)
CPTCQ has two new Institutional Buyers...
Ok, my bad, they bought 3/31...Oh well, nice try...
http://www.nasdaq.com/asp/Holdings.asp?FormType=institutional&symbol=CPTCQ&selected=CPTCQ
Each in with 10,000 shares at $2.30 (wasn't that price found today only before the open???)...This is good news...
Let's hope they keep adding to their positions...
GLTA ;>)
Howdy golrusher...long time no see...
You're absolutly correct that each Good PR from CPTCQ will ignite another booster rocket on this baby...Just look at today, I knew it was A Good PR, but no way thought it would rocket up .77 in two hours and fifteen minutes. It by far exceeded the action the day the China PR was announced...But I guess that is to be expected, as today's PR covers every potential buyer of ACCC domestically and internationally, whereas China is just One country...
Any yes, I do see more PR's coming before the hearing on Sept. 8th. Some topics left unannounced are: Our "PARTNER" Jiangsu Far East...Aquavest and all other litigants "SETTLE" out of court (they better hurry...) So far only 4-5 of the DOMESTIC UTILITIES spoken of at the shareholder meeting are accounted for, and I see the rest lining up like ducks with today's Warranty PR...And then there's still MEXICO, BRAZIL, UK, FRANCE, more clarification about CHINA, ETC...ETC...I think their lawyers are TOP NOTCH! and the timing of the BK and the coming PR's has always been part of their plan...My feeling is that the chances of CTC going to Chapter 7 have been reduced to about ZERO!!! We got ALL IN the day of the China PR, again all under 2.00 so we couldn't be happier...
Expect more good things from OUR BABY...and c'mon Baby, take out that resistance at 2.90 SOON!
GLTA ;>)
babycakes...Hi...CTPTQ's volume today...
Is the highest since the 2,734,791 set two months ago on May 11
It was up 35% at the high today on that PR...today's PR gave us an even bigger rise than the China PR...go figure...
Level 2 is getting a bit crazy in the last few minutes, it looks like 3.00 may be hard to get through again, but then again...Who Knows?
GLTA ;>)
RBAK Continues To AMAZE!!!(again)... EOM
EP--no "huge wall" on CPTCQ at 2.65
It's currently trading at 2.96
With 1.1MM shares traded in less than 2hours...
Snap Hook...I hope you are more than watching...
CPTCQ...It appears the market really liked today's news...
This should open the floodgates to new orders now that potential buyers of this "novel" product for the transmission industry has (or will soon have) an iron-clad guarantee...
They really can't lose by buying their product. JMHO...
The weekly chart after todays close should show the buy signals I spoke of last night...
GLTA :>)
Hi beigledog...
The weekly chart won't update until after today's close, but I would say now that the pps is at 2.45, those buy signals on that chart have already crossed, or are just about to...(just guessing here)
The .15 gap up this morning is a bit of a concern though...
This one may at least fill half way, or maybe all the way...
I didn't worry about the last one on the China PR, as it was only .12 and I knew that one would not have to fill, as that news was what we've all been waiting for..
While today's news about the Warranty is GREAT! Isn't it going to cost either CTC and/or the Buyers of ACCC and it's hardware...The market seems to really like the news though, as we just set 4 new intraday highs!!! I'll go with the market on this one.
GLTA :>)
New PR out this morning (as expected)...
Emailed from James Carswell...
And it's a GOOD ONE!!!~Look for LIFTOFF today!!!
"COMPOSITE TECHNOLOGY'S ACCC CABLE NOW HAS THE INDUSTRY'S MOST COMPREHENSIVE INSURED WARRANTY
First Three-Year Warranty Covering Parts and Labor to be Backed by a National "A" Rated Insurance Company
Irvine, CA, July 11, 2005 - Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), a leading developer of high-performance composite core cables for electric transmission and distribution lines, today announced that customers in the U.S. and Canada of its ACCC (Aluminum Conductor Composite Core) conductor cable, including TransPowrTM ACCC conductor sold by General Cable Corporation (GC) (NYSE: BGC), will soon be provided with: (1) the most progressive and comprehensive insured three-year Original Equipment Manufacturer Warranty (parts and labor); and (2) the only ten- year (parts and labor) insured Extended Warranty option in the electric power industry. The Warranty includes ACCC cable products produced and sold in the U.S. and Canada by CTC/GC. CTC and GC are finalizing documents with General Fidelity Insurance Company, a Bank of America Company, to insure the warranty program.
Under its new insured Warranty programs, utilities purchasing ACCC conductor and connectors will automatically receive a comprehensive, three-year original equipment manufacturer Warranty covering the repair or replacement of ACCC conductor and connectors, plus labor reimbursement expense coverage up to $18,000 per mile, on U.S. and Canadian installations, along with the option to extend the warranty period to five, seven or ten years. The program covers ACCC conductor for the following: (1) Sag and Creep; (2) Wind Generated Aeolian Vibration; (3) Composite Core Failure; (4) Breakage; (5) Corrosion Rust; and (6) Unwinding. All of the ten different ACCC conductors, and related hardware, are covered under the Warranty plans. The new Warranty coverage is applicable to all U.S. and Canadian sales and a modified Plan will soon be offered on international ACCC conductor sales.
CTC CEO, Benton Wilcoxon stated, "The insured three-year Warranty and the five, seven and ten year Extended Warranty programs have truly raised the bar in the conductor marketplace, where one- year, parts only, uninsured warranties, with no labor reimbursement are the norm. We are once again proud to be a leader in innovation for the electric power industry. Beginning in August, 2005 all clients purchasing ACCC Conductor will automatically receive the three-year Insured Warranty, and the option to purchase Extended Warranty coverage for a total of five, seven or ten years."
"We are enthusiastic to be working with CTC/GC toward providing customers with this unique insurance coverage for purchases of ACCC conductors," said Jerome Breslin of General Fidelity Insurance Company.
About General Fidelity Insurance Company: General Fidelity Insurance Company is a wholly owned subsidiary of Bank of America Corporation and is licensed to write property casualty and liability insurance in 48 states and the District of Columbia. Bank of America is one of the world's largest financial institutions with over $1.1 trillion in assets, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Contact: Jim Mann, Senior Vice President at 704-386-4256 or email at jim.mann@bankofamerica.com.
About General Cable: General Cable headquartered in Highland Heights, Kentucky, is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets. The Company offers competitive strengths in such areas as breadth of product line, brand recognition, distribution and logistics, sales and service and operating efficiency. Energy cables include low-, medium- and high-voltage power distribution and power transmission products. The Industrial and Specialty segment is comprised of application- specific cables for uses such as electrical power generation (traditional fuels, alternative and renewable sources, and distributed generation), the oil, gas and petrochemical industries, mining, industrial automation, marine, military and aerospace applications, power applications in the telecommunications industry, and other key industrial segments. Communications wire and cable products transmit low-voltage signals for voice, data, video and control applications. Visit our website at www.generalcable.com. Contact: Paul Montgomery, VP Finance and Investor Relations, General Cable, at 859-572-8684.
About CTC: Composite Technology Corporation is an Irvine, California based company providing high performance composite core conductor cables for electric transmission and distribution lines. The novel proprietary ACCC cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including: Up to double the current carrying capacity of conventional cables; virtually eliminates high- temperature sag; uses conventional installation methods and tools; reduces construction costs on new lines by requiring fewer structures; may be retrofitted on existing structures to increase current capacity; non-corrosive core; eliminates bi-metallic corrosion; and reduces line losses, compared with same diameter conventional cables, at same operating temperatures. More information can be found at www.compositetechcorp.com or by contacting James Carswell, Director of Investor Relations, at 760-416-8628."
GLTA!
New PR out this morning on CPTCQ...
And it's a GOOD ONE!!!~Look for LIFTOFF today!!!
"COMPOSITE TECHNOLOGY'S ACCC CABLE NOW HAS THE INDUSTRY'S MOST COMPREHENSIVE INSURED WARRANTY
First Three-Year Warranty Covering Parts and Labor to be Backed by a National "A" Rated Insurance Company
Irvine, CA, July 11, 2005 - Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), a leading developer of high-performance composite core cables for electric transmission and distribution lines, today announced that customers in the U.S. and Canada of its ACCC (Aluminum Conductor Composite Core) conductor cable, including TransPowrTM ACCC conductor sold by General Cable Corporation (GC) (NYSE: BGC), will soon be provided with: (1) the most progressive and comprehensive insured three-year Original Equipment Manufacturer Warranty (parts and labor); and (2) the only ten- year (parts and labor) insured Extended Warranty option in the electric power industry. The Warranty includes ACCC cable products produced and sold in the U.S. and Canada by CTC/GC. CTC and GC are finalizing documents with General Fidelity Insurance Company, a Bank of America Company, to insure the warranty program.
Under its new insured Warranty programs, utilities purchasing ACCC conductor and connectors will automatically receive a comprehensive, three-year original equipment manufacturer Warranty covering the repair or replacement of ACCC conductor and connectors, plus labor reimbursement expense coverage up to $18,000 per mile, on U.S. and Canadian installations, along with the option to extend the warranty period to five, seven or ten years. The program covers ACCC conductor for the following: (1) Sag and Creep; (2) Wind Generated Aeolian Vibration; (3) Composite Core Failure; (4) Breakage; (5) Corrosion Rust; and (6) Unwinding. All of the ten different ACCC conductors, and related hardware, are covered under the Warranty plans. The new Warranty coverage is applicable to all U.S. and Canadian sales and a modified Plan will soon be offered on international ACCC conductor sales.
CTC CEO, Benton Wilcoxon stated, "The insured three-year Warranty and the five, seven and ten year Extended Warranty programs have truly raised the bar in the conductor marketplace, where one- year, parts only, uninsured warranties, with no labor reimbursement are the norm. We are once again proud to be a leader in innovation for the electric power industry. Beginning in August, 2005 all clients purchasing ACCC Conductor will automatically receive the three-year Insured Warranty, and the option to purchase Extended Warranty coverage for a total of five, seven or ten years."
"We are enthusiastic to be working with CTC/GC toward providing customers with this unique insurance coverage for purchases of ACCC conductors," said Jerome Breslin of General Fidelity Insurance Company.
About General Fidelity Insurance Company: General Fidelity Insurance Company is a wholly owned subsidiary of Bank of America Corporation and is licensed to write property casualty and liability insurance in 48 states and the District of Columbia. Bank of America is one of the world's largest financial institutions with over $1.1 trillion in assets, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Contact: Jim Mann, Senior Vice President at 704-386-4256 or email at jim.mann@bankofamerica.com.
About General Cable: General Cable headquartered in Highland Heights, Kentucky, is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets. The Company offers competitive strengths in such areas as breadth of product line, brand recognition, distribution and logistics, sales and service and operating efficiency. Energy cables include low-, medium- and high-voltage power distribution and power transmission products. The Industrial and Specialty segment is comprised of application- specific cables for uses such as electrical power generation (traditional fuels, alternative and renewable sources, and distributed generation), the oil, gas and petrochemical industries, mining, industrial automation, marine, military and aerospace applications, power applications in the telecommunications industry, and other key industrial segments. Communications wire and cable products transmit low-voltage signals for voice, data, video and control applications. Visit our website at www.generalcable.com. Contact: Paul Montgomery, VP Finance and Investor Relations, General Cable, at 859-572-8684.
About CTC: Composite Technology Corporation is an Irvine, California based company providing high performance composite core conductor cables for electric transmission and distribution lines. The novel proprietary ACCC cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including: Up to double the current carrying capacity of conventional cables; virtually eliminates high- temperature sag; uses conventional installation methods and tools; reduces construction costs on new lines by requiring fewer structures; may be retrofitted on existing structures to increase current capacity; non-corrosive core; eliminates bi-metallic corrosion; and reduces line losses, compared with same diameter conventional cables, at same operating temperatures. More information can be found at www.compositetechcorp.com or by contacting James Carswell, Director of Investor Relations, at 760-416-8628."
GLTA!
Hello again MACDad, Snap Hook, coydog, and all...
We've been away from the market for a few months having some FUN!...Got back just in time for one of our favorites to announce some really good news re: the China Deal, after having a Bankruptcy not long ago...Please give me your take on these charts for the short term, as we are a bit overweight in CPTCQ at this time...Of course another good PR or two any day next week could make this one take off IMO...TIA
The Charts Are Looking Good...
6month/weekly:
Big green candlestick last week closing .02 off the high, and above the orange moving average. If the uptrend continues, the yellow moving average will cross up above the orange and the DMI+ will cross up above the DMI-, and the MACD could have a perfect crossover (all three are Buy Signals). The RSI (top yellow indicator) is only just avove 50, though the stochastics are on the high side...The volume was the biggest in 8 weeks...
3month/daily:
Big green candlestick Friday, 3 days above the top BollieBand, the RSI is getting high, the DMI's crossed 3days ago, stochastics show overbought, the MACD is still going up, and the volume Wednesday and Friday was the best since mid-May...
I marked possible resistance level set 4/28/05 at 2.42
5day/ten-minute:
Nice stair-step up Friday, consolidating in an uptrend...
BollieBands are tightening, the RSI is not too high, the ADX looks good, stochastics are high, but look for the MACD to crossover, good volume at the end of Friday means to me folks didn't want to be out over the weekend in case another PR hits the wires before the open Monday...
GLTA :>)
The Charts Are Looking Good...
6month/weekly:
Big green candlestick last week closing .02 off the high, and above the orange moving average. If the uptrend continues, the yellow moving average will cross up above the orange and the DMI+ will cross up above the DMI-, and the MACD could have a perfect crossover (all three are Buy Signals). The RSI (top yellow indicator) is only just avove 50, though the stochastics are on the high side...The volume was the biggest in 8 weeks...
3month/daily:
Big green candlestick Friday, 3 days above the top BollieBand, the RSI is getting high, the DMI's crossed 3days ago, stochastics show overbought, the MACD is still going up, and the volume Wednesday and Friday was the best since mid-May...
I marked possible resistance level set 4/28/05 at 2.42
5day/ten-minute:
Nice stair-step up Friday, consolidating in an uptrend...
BollieBands are tightening, the RSI is not too high, the ADX looks good, stochastics are high, but look for the MACD to crossover, good volume at the end of Friday means to me folks didn't want to be out over the weekend in case another PR hits the wires before the open Monday...
GLTA :>)
Look for Resistance/Consolidation on...
RBAK @ 7.93...If it BREAKS IT...Get ready for...
THE BIG BOOSH!
GLTA :>)
RBAK Continues to AMAZE!...EOM
Some thoughts on today's PR...
Concerning this paragraph:
"Judge Ryan also recently ordered that the Acquvest and Ascendiant parties may resume their pre-bankruptcy litigation in their respective venues, but stopped short of allowing these parties from attempting to collect on any judgment that might be later obtained. "CTC will continue to vigorously defend these matters. For now, the state court litigation will serve only to define the amount of these claims, IF ANY, with all other issues remaining with the Bankruptcy Court," Shulman said."
I thought the reason CTC filed Chapter 11 was so they could combine all litigations, and not have to spend money for lawyer fees in separate State Courts. With this ruling, CTC now has to send lawyers to two separate State Courts to continue these litigations...
The good news is: Acquvest and Ascendiant will also be spending additional funds on lawyers as well, and still get NO resolution...Plus there is a chance they will lose these cases, so it seems this is a tactic by Judge Ryan to pressure them to settle out of Court...Would you go to court to fight something you know you COULD lose, and even if you WIN, get nothing??? And if they do win, they will have to spend money for lawyers for years fighting all of the Appeals?
Thoughts anyone?
NEWS Out This Morning About The BK...
This arrived via email this a.m. from Investor Relations...
BANKRUPTCY JUDGE APPROVES COMPOSITE TECHNOLOGY CORPORATION'S DISCLOSURE STATEMENT
IRVINE, CA (July 8, 2005) -- Bankruptcy Judge John E. Ryan on 6th of July approved the Disclosure Statement filed by Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ) detailing its Chapter 11 plan of reorganization. CTC filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code on May 5, 2005. On the same day as its bankruptcy filing, CTC filed its proposed plan of reorganization which, if confirmed by the Bankruptcy Court, would pay its creditors in full. In light of today's ruling, CTC may now seek confirmation of its plan of reorganization from its many constituencies including trade vendors, debenture holders and litigation claim holders. The bankruptcy court has scheduled a plan confirmation hearing for September 8, 2005.
Leonard M. Shulman of Shulman Hodges & Bastian LLP, CTC's bankruptcy counsel, stated: "We are very pleased that CTC will have an opportunity to pursue its plan of reorganization. CTC will continue working with creditors, shareholders and all interested parties throughout this process. CTC proposes a plan that addresses its litigation claims and provides for payment in full (100%) to its creditors. This process continues to move very quickly and thanks in large part to my partner Mark Bradshaw, CTC is in a position to emerge from Chapter 11 in record time." CTC's Chairman and CEO Benton Wilcoxon added: "We are extremely satisfied with our results thus far. CTC is on track to emerge from bankruptcy to aggressively continue with its business of developing, producing and marketing innovative and cost effective composite core electrical conductors for the utility industry."
Judge Ryan also recently ordered that the Acquvest and Ascendiant parties may resume their pre- bankruptcy litigation in their respective venues, but stopped short of allowing these parties from attempting to collect on any judgment that might be later obtained. "CTC will continue to vigorously defend these matters. For now, the state court litigation will serve only to define the amount of these claims, if any, with all other issues remaining with the Bankruptcy Court," Shulman said.
ABOUT CTC: Composite Technology Corporation is an Irvine, California based company providing high performance composite core conductor cables for electric transmission and distribution lines. The novel proprietary ACCC cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including: Up to double the current carrying capacity of conventional cables; virtually eliminates high- temperature sag; uses conventional installation methods and tools; reduces construction costs on new lines by requiring fewer structures; may be retrofitted on existing structures to increase current capacity; non-corrosive core; eliminates bi-metallic corrosion; and reduces line losses, compared with same diameter conventional cables, at same operating temperatures. More information can be found at www.compositetechcorp.com or by contacting James Carswell, Director of Investor Relations, at 760-416-8628.
More information on the reorganization can be obtained by calling Leonard M. Shulman, Esq. or Mark Bradshaw, Esq. at 949-340-3400 or by email at lshluman@shbllp.com
Good Luck to ALL :>)
contax...
Here are the reasons we bailed out of BIPH...
1> I don't like Huge gaps up two days in a row, then a selloff the rest of the day(s). Now it has filled the gaps.
2> It never broke up through 3.00 On this kind of news, I would have expected it to gone through 3.00 easily and at least spiked up above the 3.14 intraday high set on 4/4/05, but the volume was not there to make that kind of move happen.
3> Not only do I study charts, but understand Level 2 very well...I have Level two from three different sources and they were not in agreement Monday and Tuesday...I know every MM's identification and where they are headquartered. Some of these MM's are in foriegn countries, and their rules are very different from ours, and allow shorting on OTC:BB stocks. It is obvious to me now that BIPH is being shorted heavily by a few MM's. So from now on I will stick only to trading BB companies that are not traded in foriegn countries, as they are obviously shorting BIPH from our open until they close in Europe, and then traders here get fed up with the inability of the stock to move higher in the first few hours of trading, which causes concern, and selling pressure.
4> Tuesday, our all time favorite stock CPTCQ announced the news everyone has been waiting for for six months, namely, the deal with China is finally going to happen! Revenues were mentioned, and large orders in the near future were also mentioned...When this stock gets good news, it goes up. We had to take money out of BIPH to load up on CPTCQ for the first time in months... More than anything, this is the answer to your question as to why we bailed on BIPH. We used the money needed to average down on the pullbacks on BIPH, and put it into CPTCQ
For the True Longs, the charts still look Great--Long Term, the gaps HAD to be filled...Short term charts are not so good. BIPH Must go up today from the open, or it is in trouble IMO...If it closes below 2.61 (Thursday's close) today, that's bad...We sold to protect ourselves from a serious loss, or Dead Money for weeks/months, as we still have shares at 3.00 that have been Dead Money for the last three months...
With the terrible news from London this morning, I expect the European Markets to dump today, and take BIPH with it there...
Our prayers go out to all those affected by this terrible act of terrorism...
Good Luck!
Congratulations B9 Molecule!!!
I'm so happy you finally got it! And am glad I could be of assistance...See, it wasn't really that hard after all...
It looks Great! And I'm sure you'll find just the right benign molecule soon enough...
As for BIPH, I'm very disappointed with the short term action....I mostly daytrade now, any don't have a lot of patience... We sold all that we bought Friday after the BSX PR without taking too bad of a beating... The better half is still holding onto the pile we bought three months ago at 3.00 because we both believe there is a good future in store for BIPH, and are sure that all True Longs like yourself and others will be rewarded for your Patience. As for me, I'm going back to play the big boys on the big boards for a while again...Limit Orders Suck...
We wish you ALL the best of luck,
EP--I feel for 'ya man...
As a fellow chartist, I know exactly how you feel, and know how much WORK it is to post charts with commentary on a constant basis, and what a Reponsibily it is too... I've made some very good calls in my time, and some really idiotic ones too ...
I'm still holding shares of BIPH from three months ago at 3.00, when you were pumping that a run up through 4.00 to 6.00 was imminent...I'm not mad, I make my own decisions...
I had to take a break from the market and posting for a few months because I got myself into a real bad spot with another unbelievably bad call on a chart. I Pumped it and pushed other people's "Emotional Buttons", which got them to push mouse "Buy Buttons"...
I didn't post that stock on any Board, as it was reserved just for family and friends, and man did I catch some HELL when that sucker went really wrong, (and I lost a lot of money on it myself)...Some of these people will probably never talk to me again...We spent a couple of months vacationing until some of them cooled down...
I should have learned my lesson, but apparantly I haven't, as I've been posting for the last few days on this board about RBAK. Fortunatly, that was a good call (so far)...though it doesn't seem anyone here paid much attention to it... I'll add a note here about RBAK: Buyer Beware...it's run has exeeded all of my expectations, and could be ready for a serious retracement here...then again, it could run another .40 tomorrow, or run for weeks... It's up to YOU to decide...
I just want to say: Those people who let others make their decisions about stock trades don't deserve to be trading.
But, those that are in a position to influence others,
should not have ulterior motives behind their commentary...
That all being said, Full Disclosure: We are ALL OUT of the shares of BIPH we bought last Friday because again, it was just another dissapointment, as usual...I'm sure good things will someday happen to this stock, much like CPTC, but I mostly Daytrade now, and don't have a lot of time to be posting on message boards, and will refrain from doing so in the future...
WE WISH YOU ALL THE BEST OF LUCK,