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best I can tell looks like we're hovering here to fill the gap we created this morning...I've been watching Level II all morning and so far it's been buy buy buy....this resistance won't last long...
There is a heavy support base at .0075 according to Level II....looks like a buying opportunity....light resistance until .0078 then it's a rocket to .0089 or so
I doubt this will drop...NITE and UBSS are lined up on the bid over yesterday's close, and the vast majority of trades are buys on the ask...I could be wrong but there's no reason for it to drop today...
~PLNI News
Press Release Source: Plasticon International Inc.
Plasticon's SEMCO Acquisition Announcement to Appear in Investor's Business Daily (IBD)
Friday January 20, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Jan 20, 2006 -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that the company's recent acquisition of SEMCO Manufacturing will be a feature in the Corporate News section of Investor's Business Daily (IBD) in both the Friday, January 20th edition and the Monday, January 23rd edition.
ADVERTISEMENT
Investor's Business Daily, which was launched in 1984, is known as one of the most innovative sources of insight and information for the investor community. IBD serves over 800,000 investors worldwide through a variety of proprietary products and services, relevant news from the investor's perspective, as well as research, investment education, efficient stock ratings and screens unavailable anywhere else. (Source: Investors Business Daily - Investors.com). IBD, which is considered a research tool in the financial industry, provides critical information to investors that was previously only available to institutional investors (pension and mutual funds, banks, insurance companies and government organizations).
"We are proud to be appearing again in Investor's Business Daily," said Jim Turek, President and CEO of Plasticon International, Inc. "IBD is an invaluable tool for today's investor with its proprietary methodology, in-depth research and renowned lists, charts and tables, which are second to none in the industry. We certainly hope that IBD's readers who follow emerging companies will follow Plasticon's progress and recognize the enormous opportunity that Plasticon has in the recycled plastics and surfacing industries. The acquisition of SEMCO is a huge milestone for Plasticon and effectively positions the company for growth in the $100 Billion+ surfacing industry."
In addition to appearing in the newspaper, the Corporate News section can also be seen on the Investor's Business Daily web site at http://www.investors.com/corporatenews/ for the next two weeks starting Friday, January 20th, 2006.
Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval. For more information about Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. For more information about SEMCO Manufacturing, please visit www.semcomfg.com
be careful what you say ;)
it takes a while for SEC approval on anything...and the company would not put itself on the chopping block by PR'ing something like this if they weren't confident about the SEC approval.
Relax.
It should be noted that the daily RSI is approaching 0 for the first time in a *long* time. Who let the Bulls out!!!
EVERY buy in the last half hour save one or two has been on the ask!
~PLNI .0075 wall coming down
all I gotta say is, WEEEEEEEEEEEE!!!!!!!!!!!!!!!
~PLNI sorry to post so much but it's taking off right now!!! I love being right about support....weeeeeeeeeeeeeeeeee!!!!!!!!!!!!!
~PLNI .007 coming down!!!
~PLNI .0066x.0068 3x1 lots of chasers here looks like?
~PLNI .0066x.0067 1x1...only a matter of time :)
Level II: .0066x.0067 1x1
~PLNI .0065 falling .007 here we come!!
heya coy...in case you haven't seen it yet:
~PLNI news:
(COMTEX) B: Plasticon Completes SEMCO Acquisition ( Market Wire )
B: Plasticon Completes SEMCO Acquisition ( Market Wire )
LEXINGTON, KY, Jan 19, 2006 (MARKET WIRE via COMTEX) --
Plasticon International, Inc. (OTC: PLNI) announced today that the
company has completed the acquisition of SEMCO Manufacturing, Inc.
"The acquisition of SEMCO Manufacturing is an absolutely critical
part of our growth strategy," said Jim Turek, President and CEO of
Plasticon International, Inc. "We are very excited about the
completion of the acquisition, and we are confident that SEMCO will
become the greatest profit center for Plasticon International in the
years ahead. SEMCO is currently profitable and enjoys a stellar
reputation as a technology leader in the surfacing industry. This is
an established company with an outstanding record as a pioneer in
surfacing and the company has proven itself again and again with many
successful high-profile projects. SEMCO's products are the most
innovative and versatile in the surfacing industry today, and the
market potential is staggering. To give you one example, the world
flooring market is a $95 billion industry (Source: The Freedonia
Group, a leading international business research company). If we can
capture merely 1% of this opportunity, that translates into $950
million in sales."
Mr. Turek continued, "And of course, flooring is just one piece of
the massive surfacing industry that SEMCO serves, which is why we
believe that SEMCO will be such a huge profit center for Plasticon.
SEMCO's best-of-breed products, which cross link chemically to
virtually any material they are being bonded to, reinforces the
density of almost any surface, including concrete, tile, wood, foam,
metal, asphalt, rubber, tile of all types, and can even seal off
toxic gases from asbestos, thereby eliminating the need to remove
asbestos. Their product applications are virtually endless and extend
far beyond flooring to wall surfaces, heavily trafficked outdoor
walkways, parks and public works projects, kitchen and bathroom
surfaces, and roadway projects (such as bridge decks and the
beautification of highway dividers). There are tremendous
opportunities for growth, particularly in transportation. The Senate
recently passed a $285 billion transportation bill. As the only
company in our sector that is DOT (Department of Transportation)
approved in all 50 states, Plasticon is in a unique position to offer
both our recycled plastic product lines and SEMCO's innovative
products for potential DOT projects in the future. We believe that
the fact that SEMCO's products are environmentally responsible and
require no waste disposal, will make SEMCO's products a very
attractive choice for the Department of Transportation in the future.
As a green company, SEMCO Manufacturing not only meets national
requirements -- they exceed requirements."
Mr. Turek also noted that the product synergies with Plasticon's
existing recycled plastic rebar support product line and SEMCO's
surfacing products will allow Plasticon to immediately begin offering
SEMCO's products to existing customers. "SEMCO's surfacing products
add years to the life of the structure they are bonding to by
eliminating the absorption of water into the surface they are applied
to. SEMCO has the only product on the market which effectively
prevents water damage. This problem has plagued the construction
industry for years and costs the U.S. billions of dollars annually.
One application where this is critical is with bridge construction
and repair. Until now, water damage has corroded the metal rebar
supports which have been used in bridge construction in the past. The
combination of Plasticon's rebar supports, which are impervious to
water because they are made from recycled plastic, and SEMCO's
surfacing products, which completely waterproof the structure they are
bonding to, is unprecedented in our sector," Mr. Turek said. "These
two products, offered together, give Plasticon an enormous
competitive advantage. We will be the only company in our sector that
can offer a truly comprehensive waterproofing solution to the
construction industry."
SEMCO Manufacturing, based in Las Vegas, Nevada since 1981, has
provided their surfacing products to many of the city's most
impressive showcase projects, including a number of 5 star luxury
resorts. Their eclectic customer base also includes high profile
commercial, public and private clientele. Projects have ranged from
critical government facilities (the flooring of the Pentagon) to
elementary schools, community centers and many prominent parks and
public works projects to the Bioshpere project, where the SEMCO team
provided the materials for the creation of a lush, fully functioning
indoor rainforest. SEMCO's product line is noted for its incredible
durability which is why it is not only extensively used indoors, but
also on heavily trafficked outdoor walkways, in extreme outdoor
weather conditions, in chlorinated pool water and on rugged exteriors.
SEMCO Manufacturing has offices in the U.S., Japan, China, Singapore,
and Australia.
~PLNI News
(COMTEX) B: Plasticon Completes SEMCO Acquisition ( Market Wire )
B: Plasticon Completes SEMCO Acquisition ( Market Wire )
LEXINGTON, KY, Jan 19, 2006 (MARKET WIRE via COMTEX) --
Plasticon International, Inc. (OTC: PLNI) announced today that the
company has completed the acquisition of SEMCO Manufacturing, Inc.
"The acquisition of SEMCO Manufacturing is an absolutely critical
part of our growth strategy," said Jim Turek, President and CEO of
Plasticon International, Inc. "We are very excited about the
completion of the acquisition, and we are confident that SEMCO will
become the greatest profit center for Plasticon International in the
years ahead. SEMCO is currently profitable and enjoys a stellar
reputation as a technology leader in the surfacing industry. This is
an established company with an outstanding record as a pioneer in
surfacing and the company has proven itself again and again with many
successful high-profile projects. SEMCO's products are the most
innovative and versatile in the surfacing industry today, and the
market potential is staggering. To give you one example, the world
flooring market is a $95 billion industry (Source: The Freedonia
Group, a leading international business research company). If we can
capture merely 1% of this opportunity, that translates into $950
million in sales."
Mr. Turek continued, "And of course, flooring is just one piece of
the massive surfacing industry that SEMCO serves, which is why we
believe that SEMCO will be such a huge profit center for Plasticon.
SEMCO's best-of-breed products, which cross link chemically to
virtually any material they are being bonded to, reinforces the
density of almost any surface, including concrete, tile, wood, foam,
metal, asphalt, rubber, tile of all types, and can even seal off
toxic gases from asbestos, thereby eliminating the need to remove
asbestos. Their product applications are virtually endless and extend
far beyond flooring to wall surfaces, heavily trafficked outdoor
walkways, parks and public works projects, kitchen and bathroom
surfaces, and roadway projects (such as bridge decks and the
beautification of highway dividers). There are tremendous
opportunities for growth, particularly in transportation. The Senate
recently passed a $285 billion transportation bill. As the only
company in our sector that is DOT (Department of Transportation)
approved in all 50 states, Plasticon is in a unique position to offer
both our recycled plastic product lines and SEMCO's innovative
products for potential DOT projects in the future. We believe that
the fact that SEMCO's products are environmentally responsible and
require no waste disposal, will make SEMCO's products a very
attractive choice for the Department of Transportation in the future.
As a green company, SEMCO Manufacturing not only meets national
requirements -- they exceed requirements."
Mr. Turek also noted that the product synergies with Plasticon's
existing recycled plastic rebar support product line and SEMCO's
surfacing products will allow Plasticon to immediately begin offering
SEMCO's products to existing customers. "SEMCO's surfacing products
add years to the life of the structure they are bonding to by
eliminating the absorption of water into the surface they are applied
to. SEMCO has the only product on the market which effectively
prevents water damage. This problem has plagued the construction
industry for years and costs the U.S. billions of dollars annually.
One application where this is critical is with bridge construction
and repair. Until now, water damage has corroded the metal rebar
supports which have been used in bridge construction in the past. The
combination of Plasticon's rebar supports, which are impervious to
water because they are made from recycled plastic, and SEMCO's
surfacing products, which completely waterproof the structure they are
bonding to, is unprecedented in our sector," Mr. Turek said. "These
two products, offered together, give Plasticon an enormous
competitive advantage. We will be the only company in our sector that
can offer a truly comprehensive waterproofing solution to the
construction industry."
SEMCO Manufacturing, based in Las Vegas, Nevada since 1981, has
provided their surfacing products to many of the city's most
impressive showcase projects, including a number of 5 star luxury
resorts. Their eclectic customer base also includes high profile
commercial, public and private clientele. Projects have ranged from
critical government facilities (the flooring of the Pentagon) to
elementary schools, community centers and many prominent parks and
public works projects to the Bioshpere project, where the SEMCO team
provided the materials for the creation of a lush, fully functioning
indoor rainforest. SEMCO's product line is noted for its incredible
durability which is why it is not only extensively used indoors, but
also on heavily trafficked outdoor walkways, in extreme outdoor
weather conditions, in chlorinated pool water and on rugged exteriors.
SEMCO Manufacturing has offices in the U.S., Japan, China, Singapore,
and Australia.
uh, link?
~PLNI chart shows very strong support building at the current level...MMs won't take it up despite the buying and won't drop despite the selling...looks like accumulation to me.
well, the Arch conference for January is still on but PLNI has re-scheduled for Feb. 23. Not sure why but some rumors are around that the PLNI team was accidentally double-booked at another convention/conference and had to reschedule.
not to defend this guy, but remember that he invested alot of personal money in this and probably would like to be paid back someday...
is E*Trade acting up AGAIN? eom
I kept thinking to myself that AMEP was accumulating but didn't want to stake bucks on it. shame on me and good call for you ;)
say what you want about the company...the support on this stock is very strong here and I believe we're on the start of a long uptrend.
Level II anyone?
with the long sustained valley at .004 and the consistent support at .006, in my opinion this is the best time to get in.
I will say this, though...lots of upsets and lots of great playing on the road. What a fantastic football weekend (much better than the wildcard games I must say)
I was right about the Steelers needing to blitz and cover the short pass...Manning can't throw a long pass under pressure. I was sad to see Vanderjagt miss though...bummer. But what an exciting game!!! I was on the edge of my seat the entire 4th quarter!
I picked the Panthers and the Seahawks...lost on the Patriots (personally I think they lost because of bad officiating...yeah I'm a cry baby)...did okay though :)
that pass interference call at the end of 1st half was complete BS.
agreed...that is going to be a fun game to watch. However, if the Patties put down the Broncos I think they will win the Bowl...
I think the Colts' weakness is disrupting Peyton...you gotta blitz, and you have to cover the short pass so that he can't dump it quick when he sees the blitz coming. If you throw off Peyton's rhythm and prevent him from executing strategies and plans he loses his ability to focus and starts making mistakes.
imo of course ;)
right...but as we may be at the start of a longterm uptrend the spread could mean that the MMs are loading up....this way they can buy all the weak shares without consumer money interfering
For all the selling going on, the price doesn't seem to want a drop...our friend may be right about the MMs buying...this may be a strong entry point
~PLNI support is in...it's ready to go!
~ACHI news from Wednesday (think this missed a lot of people)
AmeriChip International Inc. Appoints Chief Financial Officer
Wednesday January 11, 7:09 am ET
PLYMOUTH, MI--(MARKET WIRE)--Jan 11, 2006 -- The Board of Directors of AmeriChip International Inc. (OTC BB:ACHI.OB - News) announced that the Company has appointed Thomas P Schwanitz, CPA, to the position of Chief Financial Officer effective immediately. In addition, Mr. Schwanitz will be joining the Board of Advisors. The appointment of Mr. Schwanitz is commensurate with the Company's action plan for the 2006 fiscal year during which the Company will generate revenues and become profitable. This proactive appointment affords Mr. Walther, President and CEO, more time to concentrate on solidifying pending orders and finalizing the acquisition of KSI Machine & Engineering. Mr. Walther stated, "Tom will be an integral part of our developing into a major company that has a technology sought after by a number of different industries. I firmly believe he will be a valuable member of the AmeriChip team and we welcome him."
thanks...it's up 150% now!!
~IGTG up 125%
don't wait too long...the last PR dangled a carrot for further audit news in January so alot of people will be buying in as the end of the month draws near (unless news comes out before)