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LU, still may be a good turnaround play while everyone is hating it. Long term, they need to work on the debt. Watching for the bottom:
OT: Terry, check out the Hermit's Hovel board, not too busy to have to wade through a bunch of posts, but some interesting recs, IMO. Or maybe a way to lose more money through speculative divesification! LOL!
http://www.investorshub.com/boards/board.asp?board_id=3915
terry, do you think FASC and BIPH will be long term holds or short term "plays". Do you own any OTC stocks that have turned out to be successful long term buy-and-holds, ie., that you have held for 2 or more years and continue to hold?
I guess my attitude towards OTC stocks is that they are short term plays only, and many small caps on Nasdaq that play on the present popular hype like homeland security and nanotech. I am holding a few SPDV for long term, an OTC "rule breaker" and some TDYH, a totally speculative gamble, IMO, on the pinks.
CMCA.OB, possible momo play? Yahoo shows
Shares Outstanding: 25.03M. Float: 14.02M, (last Q shows 27M OS).
Recent news:
http://biz.yahoo.com/prnews/050711/phm018.html?.v=15
Also spin-off (next year?).
http://biz.yahoo.com/prnews/050624/phf007.html?.v=16
Pretty big swing on Friday:
OT: Terry, you are very articulate, but you always seem to come up with just one example to prove your point. I don't pay any attention the the Motley Fool bla, bla, bla either. I just think the ctiteria for their stock screener is a good place for an investor to start. About a year and a half ago, using that link, I started a sample portfolio by checking that site periodically. There are 85 stocks gleaned from that list and the portfolio is up 30%. I didn't get more selective by checking other criteria such as sector or insider selling, etc., etc., and the stocks that are way down in that portfolio all had some red flag that didn't get "screened", but could have shown up in further DD.
Being more selective may have grabbed the ones like MVL up 263%, UPL up 481%, USNA up 259%.
Also, if I actually was able to buy all those stocks, tweeked other criteria, used TA for an entry point, and used stop-loss to weed out the losers, I think 100-150% gain would not be unreasonable.
The whole point of that link was just to show fundamentals are a good place to start when picking stocks for a long term hold. Hype-picking is great for the short term investor to make some bucks, but in the long term a company has to perform vesus it's peers or the investor base moves on to better picks, IMO.
TRCPA, ADOT was just a "worse case" OTC example, a total scam that the SEC did nothing about. I'm sure there are many other OTC examples. Bad things go on with companies on the major exchages too, but it is more prevalent on the OTC, IMO, and the SEC pays less attention. If Worldcom had been on the OTC, no one would be going to jail, IMO.
tenzzi, they gave themselves the bonuses last year before all the shares were used up, IMO. If they do well this year revenue-wise, I'm sure they will double the bonuses. Of course some actually think they will use revenue to buy back shares! Or they may do like ADOT, announce a share buy back, then sell 2 1/2 billion in a year and the SEC looks the other way even with shareholder complaints. Of course ADOT did buy back less than a million shares held by management! LOL! At least on the main exchanges the SEC steps in like on CAFE if they see something funny. The OTC is basically not regulated, IMO.
OK boys, let's at least get the daily volume up to 3000 on Monday. My posts may be Goofy, but at least I'm not goofy enough to buy into all this hype! Check the chart once in a while just to touch base with reality.
BTW, here's a great site to see how stocks are picked based on performance:
http://www.quicken.com/investments/strategyexperts/?strongpicks=fool
Waitedg, "her appointment gives me a little more confidence in the integrity of the company--spiritual values, etc."
Sorry, but that is total bullpoop, IMO. Please don't let that add any credibility here! Count on the facts alone!
You and I would be very rich people indeed if we had half the money ripped off people in the name of religion. It should not be a factor in investing, IMO.
TRCPA, come on, I doubt the shareholders will ever know the true money facts about these Malaysia operations. This is the same management that gave themselves $100,000 in bonuses with a big middle finger in the shareholders' face, IMO. If I had owned any FASC at the time of the bonuses, that would have been my exit cue. I bet the auditors will have a ball going over those Malaysia figures! LOL!
TRCPA, how to determine if a stock is under accumulation, you know, by the guys who have the "real scoop":
"Over a period of time, if a stock is really under accumulation, for example, it should show greater advancing volume than declining volume and volume should be growing on higher prices. The contrary is true, of course, for distribution."
http://64.233.161.104/search?q=cache:wzdOIEIVzbYJ:www.institutionaladvisors.com/media-7-20-01.htm+Wh...
techisbest, sounds like another Zeolite "deal", and no figures given to give investors any inkling at all what FASC hopes to accomplish revenue-wise. All smoke and mirrors, that "plant" could fit in my backyard based on the non-information provided.
beischens, there is nothing to indicate that FASC will share in any electric generation revenue or did they donate the KDS for a percentage? Do you think the boiler water circ pump supplier is also sharing in the the revenue? You guys really don't make sense sometimes.
ichjw, careful now! I'd hate to see your posts disappear!
TRCPA, you must be thinking of those companies with "sexy" products for health, nano, or homeland security with little or no revenue. FASC isn't sexy enough anymore, IMO, the last PR didn't generate much new interest like the "old" days (when the OS was 40 mil). Maybe a share buyback instead of bonuses! But don't hold your breath! LOL!
beischens, do you think TR is right about those in the know loading up? Or is the volume and pps more truthful? I do agree with TR IF significant revenue is announced, the pps will go up. I disagree that any revenues FASC is capable of will move the pps very much with 180 million OS (and more to come?). Maybe 6 cents pps max, IMO.
TRCPA, right! I'm a VP at CAT, when I'm not busy being a CEO at another major corp! LMAO!
the daemon, if you are very sure about your investment, my silly posts shouldn't bother you.
Trading halted on CAFE! Be careful out there!
http://biz.yahoo.com/cbsmb/050722/4ca969f5c913421288d93c44afc48376.html?.v=1
Sold all my GEPT at $6.97, watch it close at $10! LOL!
May trade twice the float today.
OT: Sam, that is scary. I just sold all my GEPT that was pumped on the Cramer show, they could be next! Made 73% in a month though, now it is free to go to $25! LOL!
the daemon, this POS doesn't need any help from me. Must be very frustrating for the Bagholders that listened to some of the pumping.
500 shares today? What a giant POS! Quiet accumulation? LOL!
Have to out this morning, have a limit sell on GEPT in one account at $9.00, holding onto shares for now in another account. See what it's doing when I get home this PM. They still have possible acquistion news if they don't screw up the deal.
CHINA jumped up yesterday, don't own any, but have had it on my watch list a long time. Coming off way oversold or is it the news on the yuan?
China Energy Postpones Stock Split
Thursday July 21, 11:04 am ET
China Energy Savings to Delay 2-For-1 Stock Split on Recent Share Price Decline
NEW YORK (AP) -- China Energy Savings Technology Inc., a Hong Kong-based maker of energy conservation products, said Thursday that due to the recent decline in its share price, the company will delay its 2-for-1 stock split.
Sun Li, chairman and CEO, said, "We are now entering our peak earnings season, as conservation efforts during the summer months in China, when energy usage is greatest, should result in our highest quarterly earnings ever. We intend to complete a forward stock split to improve liquidity for our shareholders at a time when market conditions for our stock better reflect the prospects for our business."
On July 6, when the company announced it would declare a 2-for-1 stock split, shares were trading in the upper-$9 range. However, after naming a new chief financial officer and director later this month, the company's shares fell about 5 percent.
The stock, which slid 9 cents to $9.11 in morning trading on the Nasdaq, is coming off a recent 52-week low of $7, and is down sharply from a high of $28 in mid-December.
GEPT, total lucky break with the Cramer mention. Now to figure out an exit point, they still haven't finalized their acquistion. At least it Looks like I may get some funds to pick up some TDYH! GEPT has about 7 mil float, I bet that much trades today!
TRCPA, it's just fun reading your posts and then checking the chart. Something just doesn't add up here and hasn't for years. 1000 shares today just doesn't match up with your potential list. The market just isn't buying it.
Sam, I thought the going basher rate was one share of FASC per post! Where did you get the new figures?
Anyone got $45 to pick up my day trade shares at 0.045? TIA.
Thanks Doubloon, may have to start getting some cash together and pick up a few more shares. I'm guessing at least a couple of weeks at this level.
With FASC, It's more like dog days of summer, fall, winter, and spring! Check the chart once in a while! Got to go swim with the grandkids and their dogs, see you later.
What daytrader in their right mind would try to trade this? If this is a "daily action fix" for a daytrader, watching grass grow must be like smoking crack! LOL!
Where is everyone? DD OD?
180,000,000 OS shares and 1000 traded today, what a piece of crap!
This company has been 99% hype and 1% performance. Won't even show up on a stock screener unless you can find one for total losers.
GEPT up on new product line, still waiting on final acquistion news.
TRCPA, lack of fundamentals is holding it down, MM's holding it up to unload inventory! LOL!
Doubloon, kick butt and take names! Thanks for your efforts!
What's holding this POS up? No volume to speak of, MM's trying to unload their shares at a good price?