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I agree ETFC seems to be stuck in the mud but a good time to buy is when a company's stock is trading sideways. ETFC has a lot going for it as outlined in the latest earnings report; 97,000 new accounts, $3.5 B net inflow of new money, more money set aside to cover bad debts (read mortgages), and well capitalized.
There is still plenty of risk but IMO is a good buy around $1.
The market will turn up some day and I want to be ready when it does.
Where is everyone? Gee, we have the worst January on record and everyone is either off pouting in the corner or preparing for the super bowl tomorrow where they will drown their sorrows in buckets of beer.
Yes, and the RV shows are reporting good crowds and lots of sales. Fleetwood's fortunes should turn soon. Houston's RV show is in 2 weeks and I will report what I find on this board. There is some pent up demand and the demographics could not be better.
I already own an RV but I like to kick the tires and drool over the new ones anyway.
Johnny, moving up to the OTC from the pink sheets is always a good thing. Now if they could just sell a few more RV's we would be moving up. Patience will pay off here IMO.
"The purchase of share by Sleep check your filings is huge..."
What is that, some secret code or something?
.115, the runup has been going on for about a week now. Volume precedes price and the volume is up this week. Wish I have some dry powder.....
Pilot, what do you see about that site that is important for us as investors?
Yes, accumulation appears to be happening now. The risk takers are getting in slowly so as to not spike the price. Small chunks at a time. The risk reward is high here, but the payoff could be huge. The bottom line is that Fleetwood makes good products and if they survive, which I believe that they will, we early investors will be richly rewarded. I plan to buy more along with WGO and THO.
I believe that we will see more consolidation in the RV industry. That will be the only way that some of the companies can survive. And the strong ones can absorb smaller rivals very cheaply. Someone could buy up Fleetwood for a song because the market cap is only about $16M but they are reluctant because they do not want the $177M in debt that goes with it. That level of debt is manageable for a billion dollar company but becomes less so as the revenues drop.
Fleetwood could do what Coachmen did and spin off their RV division and keep the mfg housing which has not been hammered like RVs.
So please someone throw us a bone here and buy us!
Yes, I am hoping that Wednesday was the bottom of the recent market and a small rally is in effect. Let's see if this one holds up under any new bad economic news this coming week.
IMHO, I see $2.25 this week!!!
Where is everyone? We had a good day finishing up at 1.82 and nobody is posting.
Ike hit over a month ago and there are still thousands of houses around Houston with blue tarps on their roofs. There are not enough roofers around here even though many have come from other states to assist.
So where is NSMG? That is a good question. The work is here and roofing is one of their specialties. Also tree trimmers are very busy, a lot of trees around these parts.
Is a simple PR too much to ask?
ECCI - .0003 is still alive but is on life support.
Let's not forget WEGI at .016,
and BUGS at .0007,
and our own gem, NSMG at .008 up 100% today! Whoo Hooo! Only another 20,000% to go.
What a bunch of winners this year. No news, no contracts. This is my last year of investing in these dogs.
Hurricane Omar is the reason but it is going out to the Atlantic so no work will come from it.
Daily 30% gain ain't gonna happen.
But you can dream.
I was going to sell these shares as a tax loss to offset my gains for the year but after today I probably won't have any.
"Just wondering...does anyone live in the deepdown area?"
There are several of us that live near Deep Down. I drove by there on Friday and they are still in business.
What did you have in mind? Do you want me to go in there and get some information out of them by force?
Several houses could burn and no one will show up to put them out because the fire trucks can't get through the flooded streets and anyway I imagine that their first priority is to save lives during a catastrophe not put out fires.
50+ mph winds in Houston now and it's only going to get worse. If Deep Down only loses their cameras they will be fortunate. Most employees in the Houston area were given the day off to prepare for Ike and like me are hunkered down and riding it out. We still have power but will probably be without it at some point during the night. I am praying that everyone makes it through the night unharmed.
The good news is that Ike will generate business for Mako and possibly Deep Down's core business as well
I don't know where you got that 'fact' that Houston has sunk 90 ft. According to Wikipedia, Downtown stands about 50 feet (15 m) above sea level,[31] and the highest point in far northwest Houston is about 125 feet. If we were to drop 90 ft a large lake would form.
DFL, you obviously don't live in a hurricane prone area. The 'dirty' side of the storm will have the highest surge, wind, and rain. Remember the storms rotate counter-clockwise so the East side of them gets the full effect before they are slowed down over land. Anyone in a low-lying area near the coast should head to higher ground tomorrow. Galveston island would be totally under water as it's highest point is only 8'.
Deep Down is very close to the Houston ship channel and the San Jacinto river watershed but should still be above the storm surge even if it reaches 30' which is very unlikely. I am 50' above sea level so unless the polar ice caps melt by Saturday I will be okay.
They are more likely to lose part or all of their roofs than get flooded out.
I suspect that Halliburton and other Oil related companies will close all of their Houston offices on Friday. Yippee! A day off for me!
Last chance to buy at .02 or less before the move up. We are not done yet, contrary to what Jeffnyc says. If a CAT3/4 hits Corpus it would get plenty of news coverage. Of course, not that I want it to hit anywhere, but if it does NSMG will be ready to provide assistance.
This is a good entry point here before Ike enters the GOM and things get real crazy. Could be worse than Gustav. I am locked and loaded.
Yeah, when I saw the track for Ike I got back in yesterday. If Ike stays on the projected path then we will get a bump up on Monday.
Brikk, i was responding to your post but not directing it at you but to the many posters on this board that have expressed dismay that Deep Down would increase the share count. Many OTC investors run like scared rabbits when they see dilution in any form. We know better and realize that it is all part of a bigger strategy.
Those 57M shares are owned by institutions and wealthy investors. Look at the percentage of institutional ownership of any large corp and you will see 70-90% ownership. Management is running Deep Down as it was already a large corporation, I like that. They think big and have the experience to pull it off.
Channelview is not far from Galveston Bay so if the cane comes though there it will hit Deep Down hard. They won't have to worry about the storm surge but the high winds could wreak havoc on their facility. That is why you don't see much equipment outside this week, it was moved inside or offsite. Those metal buildings are not made to withstand wind much higher than 100 mph. It appears that they tied down those new modular buildings, let's hope that they did it right according to the newer tougher cane proof building codes.
I am 20 miles north of Deep Down so I will just hunker down unless it is a CAT 3+ coming directly at Houston, then I might jump on the contraflow lanes and head north.
nicoljb, my gross profit was not high because as I stated in the post I was not able to buy the number of shares that I wanted. Percentage wise it was huge for 3 days though. I have learned to get in early on these plays and then exit my position while the interest is still high. Just my strategy, others here may make more if the cane hits near NO as expected and is all over the news. Different strokes for different folks.
I for one have already exited with my 'quick profit' of 243% in 3 days. For once I timed it right, I just wish that I had purchased more shares.
GLTA and take profits when you can, don't get burned.
Rawnoc, you are right, .03 did not last long on the ask because the buying pressure is building and traders haven't reached their price sell targets so the selling is very light so far.
Something for everyone to consider here. Gustav appeared on the scene at a historically low share price for NSMG. I have been in and out of it since Katrina and haven't seen prices this low.
So what it means is that there are a whole lot of traders with average prices much higher than .035 so do you think that they are going to sell yet? IMO the risk reward is very much on our side because the upside potential is huge. MOMO is building!!!
GLTA
If past history is any indication the share price will continue to rise as the threat from a major hurricane increases. So the next 2 days should be real interesting, potentially the best trading IMO since Katrina.
Let's all pray though for God's protection from the effects of the storm for those in its path.
Nothing is holding us back except the majority opinion seems to be that WEGI is the best hurricane play due to it's low float. NSMG had added millions of shares over the last 3 years but IMO is still a good play here due to the fact that a large portion of their revenues are derived from hurricanes and major hailstorms in the midwest and south. They have recently opened two offices in the south in order to better respond to hurricanes.
I got back in here yesterday and am expecting a good run if the predictions for Gustav of CAT 4 intensity and striking near New Orleans pan out.
Last year with no hurricanes we reached .31, the year before .68, and right after Katrina $3.20!
jchawk, the best post of the day, I agree that we probably are only worth .71 right now. I have been waiting for a good earnings report for 3 quarters now and maybe this next one will be better than expected. Deep Down has put all of their effort so far into growing the business but the earnings will come, we must just be patient.
They are getting all of their ducks in a row (paying off debt, complementary acquisitions) in order to take us to the next level.
The people could be there for the hurricane party even though it will be several hundred miles away. Seriously though, some people actually throw a party when a 'cane is on the way. I head north.
Those travel trailers probably belong to several of the key employees so they don't have to pay for storage. The airstream is new on the lot but they are overpriced if you ask me.
The market is 'sector rotating' into financials and transportation over the past week. The energy sector is taking a hit but DPDW will be immune to most of it. The train has left the station and nobody should attempt to jump off anytime soon. It would be painful.
Seeing that PP list raises my spirits, some key industry leaders on that list. They are not buying DPDW just for the fun of it, they expect big returns.
Just some random thoughts as I listen to the neighbors shoot off their fireworks a day early. AAGH!!!
The main reason IMO that DPDW was way up last October was that the entire market was on a roll back then. And conversely we are now way down and look at the Dow, it's off more than 20%, and they say that when the S&P drops more than 20% then the correction is about done. The only sector that has done well is energy which we do not emulate.
So what I am saying is that our chart is normal and their is nothing to worry about. Right now when DPDW releases a good PR the share price barely rises but wait until the market turns bullish and those PRs start a major spike like the Matrix and SLB news last October, we will be back on track to where we think that the share price should be.
I agree with Pink Floyd (the poster) and am anticipating $20+ in 3 years.
Later..................
taby, I wish that you would not be so excited about what is bad news for the vast majority of people. The high oil prices are straining family budgets worldwide and we certainly do not need any political instability anywhere. Deep Down should do very well no matter what the world economic circumstances are. Thank you for bringing new investors to Deep Down.
Then how can they use the Deep Down Inc name? There must be some connection, and the band is in Houston as that video shows them playing at Reliant stadium.
Wow, Deep Down Inc rocks!!
Now I know what the employees do on their off days. Notice that the fans are paying more attention to the cheerleaders than the band?
Tom, yeah it is amazing that last year we hit $2.35 when we were just a little offshore company with potential, and now we are hitting our marks like clockwork, a seemingly unstoppable force in the offshore industry, and we are at .88. And oil is around $140 so that should also propel the price upward. I think some of the selling is due to the massive amount of margin calls over the last month as the overall market pulls back. I can't wait until we are at the $3 level when more institutions can buy Deep Down and the price swings should not be as great. We also would become marginable enabling more shares to be purchased.
There is no bid today, it is o.oo?
bagfull, they won't release news of a contract until there IS a contract. The opportunity is definitely there so let's see if they can execute this time. The price will keep drifting (probably down) until then due to disinterest and dilution.