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SEEMS LIKE AN EXCELLENT BUY HERE. ONLY WAY IS GOING UP IMHO
$ALAN Look at youzoo web site, they partner with dying companies. MSN nokia to name a few. gltya
moderator will prob delete this even thought is a fact!
Blue Skies Ahead in Cloud Communication -- Report on Easylink Solutions Corp. and ADPT Corp.
http://finance.yahoo.com/news/Blue-Skies-Ahead-in-Cloud-iw-3131663325.html?x=0&.v=1
anything to do with "cloud systems" is going to do excellent the fall.
Massive short squeeze going to happen here wow. PR has not hit all wires yet! amazing short! Going to bounce nicely imo
CRAMER thumbs up on dry ships
http://www.stockpickr.com/barrons2/portfolio/cramer-s-dry-ship-stock-plays/
TBSI finally something good to work with http://seekingalpha.com/article/277342-no-sign-of-drybulk-recovery-but-dryships-tbs-international-are-performing-well?source=yahoo
ALAN 50c move wed is market bullish fluff, traded higher on facebook / skype news on cnbc fox bloomberg. Not related at all. way over bought. good luck going long. this market is way over bought. debt ceiling going to become a huge problem for all. gltya
ALAN ALANCO Edgar news, no merger mention, no YouZOO mention???
good luck with alan.
$TBSI
YAHOO SINGAPORE FINANCE (AP) --
An analyst on Tuesday cautioned that shredding overcapacity could force scrap metal companies to pay more for materials and in turn cut into their profits.
U.S. shredding capacity increased significantly after scrap prices and supply jumped in 2007 and 2008, but the supply of metals has tapered off in recent years and the owners of those shredders are being forced to bid more aggressively for the materials in order to keep their machines running, Cannacord's Eric Prouty said.
"In this hyper-competitive environment, generating sufficient volumes has become the topmost concern for some operators, often superseding margins/profits as primary business decision drivers," Prouty wrote in a note to investors.
The analyst pointed to Schnitzer Steel Industries Inc., noting that while the company recently said it hasn't had any problems with overcapacity, privately held West Coast Recycling Group plans to build a shredder not far from Schnitzer's metals recycling facility in Sacramento.
West Coast Recycling appears to be encroaching on the Northern California territory of both Schnitzer and Sims Metal Management Ltd., Prouty said.
"It's too early to say what competitive impact West Coast Recycling might have on scrap availability in Northern California, but again, this issue of shredding overcapacity isn't likely to go away anytime soon and is an industry issue definitely worth watching," Prouty said.
see charts
China pullback 7/5/11 ( cnbc )effects tech, transportation. Monsoon season starting in june.
http://www.worststockmarketcrashes.com/?s=july
$TBSI (11:00AM YAHOO " major selloff in transportation sector and monsoon season starting may effect dryship business"
Alanco and YuuZoo together are from very different markets and their merger may ultimately not be as successful as planned in the new cultures in which the companies are introduced.
Asian and American markets have very different demands and competitors. An investment made in haste may be unwise and it may be difficult to analyze the growth of a merged company bridging these two disparate markets.
There are many competitors of YuuZoo's payment service (YuuPay). Such competitors include the widely-used PayPal payment service. Entrenched, strong competitors may create an entry barrier for YuuPay.
Therefore, bears recognize that the mobile payment system is a key component of YuuZoo's corporation; and due to the difficulty analyzing the potential future benefits and cash flows of the merger, investors should be cautious of a stock that is up over 125% in a single day.
The merger of Alanco Technologies and YuuZoo will undoubtedly change both companies and the introduction to new markets is relatively risky. The newly merged company could very possibly grow and be profitable, but the risk and investment of a merger could also put strain on the growth of both companies.
ALANCO charts getting closer to that massive selloff / dumpage
ALANCO 2 days of red candles. all helium ballons loose air eventually. this has not loft anymore. 2.50? good luck on that mobile app.
last day for stock rally. My inbox is full of emails saying market is dumping next week. happy 4th & gltya
good call
Shares of the small, and seemingly defunct Alanco Technologies (ALAN) surged 113% Wednesday, as shares rallied from $1 to almost $3 before settling at $2.17 after a wild day of trading. The surge was sparked by this announcement that Alanco was entering into a reverse merger with the Singapore social networking company Yuuzoo.
This news comes as a wonderful surprise for shareholders of Alanco. Alanco sold off its unprofitable StarTrek operations in May and was on the verge of being delisted by the Nasdaq for failure to continue to meet listing standards. Since Alanco's balance sheet consisted largely of goodwill on the asset side, it appears the company may have had a negative net worth and shareholders were likely to receive almost nothing if the company liquidated. With that said, congratulations to pre-existing Alanco shareholders; sometimes it's better to be lucky than to be smart. Also, I extend my condolences to fund manager Robert Bruce, who sold out of most of his firm's Alanco position just prior to Thursday's massive rally.
For those who are still invested in Alanco, I recommend following Mr. Bruce's example and selling, particularly if the price holds up over $2. While Alanco deserved to jump on yesterday's unexpected merger announcement, I think the market overreacted. At Thursday's closing price of 2.17, the company's market cap is $12 million. Given that current Alanco shareholders will receive only 12% of the current outstanding shares.
new SeekingAlpha article "Don't Chase Alanco After Its 113% One-Day Gain"
I agree. No strenght left. truth is out on numerous message boards.
ALAN spike on 2/25 met by 100 days of red after, id expect the
same here
ALAN back to 1.60 or lower tomorrow. this has been a end of the quarter window dressing run up. QE2 over.
More Fine Print: After the 34M share dilution (5.5M o/s now), current $ALAN shareholders will only have a 12% interest in the new
ALAN today goes infront of nasdaq to try and stay listed. they may be booted to otc or haulted again.
ALAN - A definitive piece of paper. For a " MOBILE" social network. Another word that most people overlooked with this stock. QE2 is over, fact.
Look at any of the charts above. one day spikes then massive drop.
To top it off above there still mentioning they own startrak. They sold that months ago and have had no income. See below.
Alanco Technologies, Inc. (NASDAQ: ALAN) today announced that it has received notice from the Staff of The NASDAQ Stock Market LLC (the “Staff”) that following Alanco’s sale of its subsidiary, StarTrak Systems, LLC (“StarTrak”), to ORBCOMM Inc. (NASDAQ: ORBC), the Staff has concluded that the Company is no longer eligible for continued listing on The NASDAQ Stock Market. The Staff made its determination based on the discretionary authority afforded to NASDAQ under Listing Rule 5101. In reaching its conclusion, the Staff noted that the Company “no longer has any operating business” following the sale of StarTrak. Therefore, notwithstanding the fact that Alanco meets all quantitative requirements for continued listing, the Staff advised Alanco that it would be subject to delisting unless it requests a hearing before a NASDAQ Listing Qualifications Panel (the “Panel”). Accordingly, the Company has requested a hearing before the Panel. Alanco’s common stock will remain listed on NASDAQ pending the issuance of a decision by the Panel following the hearing. However, there can be no assurance that the Panel will grant Alanco’s request for continued listing following the hearing.
fyi Alanco Announces Definitive Merger Agreement.
IMO this is a pumped stock to make some last minute $.
Reading it quickly, " definitive merger agreement" means there is a possible agreement. So basically they typed up a letter and sent it. These things do not happen over night. IMO is a good way of twisting words around. This is a last ditch effort to stay listed on nasdaq and not being knocked down to otc or haulted again. I believe they were briefly haulted this morning?
They're thinking of buying this YuuZoo site for about 3.5x what Myspace was just sold for, & paying for it w/ 650% more shares. YuuZoo reported preliminary, unaudited sales and net income of $17.0 million and $1.0 million, respectively, for its prior fiscal year 2010, ended December 31, 2010, compared to sales of $2.0 million, and a loss in 2009.
"preliminary Unaudited sales"
Facebook dominated the market, otherwise why would myspace sell? Linkden stock never held up. Why would this YouZuu sell to ALAN? Yes it flew to 52s today. There was also no shares avail to short most of the afternoon. there are now and will be plenty tomorrow. Watch your money close. Im also sure the bid and ask price is going to be pumped up pre market. those pumped bids will be cancelled right before open. GLTYA
Alanco Technologies, Inc. (NASDAQ: ALAN) announced that it has received notice from the Staff of The NASDAQ Stock Market LLC (the “Staff”) that following Alanco’s sale of its subsidiary, StarTrak Systems, LLC (“StarTrak”), to ORBCOMM Inc. (NASDAQ: ORBC), the Staff has concluded that the Company is no longer eligible for continued listing on The NASDAQ Stock Market. The Staff made its determination based on the discretionary authority afforded to NASDAQ under Listing Rule 5101. In reaching its conclusion, the Staff noted that the Company “no longer has any operating business” following the sale of StarTrak. Therefore, notwithstanding the fact that Alanco meets all quantitative requirements for continued listing, the Staff advised Alanco that it would be subject to delisting unless it requests a hearing before a NASDAQ Listing Qualifications Panel (the “Panel”). Accordingly, the Company has requested a hearing before the Panel. Alanco’s common stock will remain listed on NASDAQ pending the issuance of a decision by the Panel following the hearing. However, there can be no assurance that the Panel will grant Alanco’s request for continued listing following the hearing.
nice pump and dump to ride. just downgraded on yahoo.
FYI: $ALAN also has a hearing before the NASDAQ Listing Qualifications Panel tomorrow June 30th where ALAN will request continued listing
baronkimble baronkimble
Who wants to hold $ALAN into the close? they have like 500k in cash
( copied from twitter)
watch out for $ALAN, they're buying this YuuZoo site for about 3.5x what Myspace was just sold for, & paying for it w/ 650% more shares
bricktop13 - twitter
Pumpers pumped $ALAN now they're dumping epic // you sound bitter that you didn't find shares to short this pig
—Can be confused: definite, definitive .
on merger news
im already out
going to take another large short once were over 2.50.
short position paying off nicely. sykes groupies probably all over this.
Taking a nice short position here. News is good but $ action short lived imo
more dillution coming. nice end of the month window dressing today. to bad its short lived.