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Exactly.
-Dave-
I don't think it's a question of "can"....more like we "did" ;)
-Dave-
Yup...and the bid took it like a champ. Yesterday it was crashing on 5k/10k share sells. Pay attention to that.
-Dave-
IOVE News...moving pre-market...
-Dave-
http://ih.advfn.com/p.php?pid=nmona&cb=1255440269&article=39860464&symbol=NO^IOVE
Understood...I don't like calling PPS targets on anything at all. Just using it as an example of what kind of power move could be expected on that kind of news....plus it's fun to think about. :)
-Dave-
HMDI hit what? .51?......I'd call that a payday and a half. Bessie can do it.
-Dave-
Hey Layla...maybe more if we get something like this.............
-Dave-
American International Industries, Inc. Announces the Reverse Merger of Its Subsidiary, Delta Seaboard Well Service, Inc., Into Hammonds Industries, Inc.
HOUSTON and KEMAH, Texas, Oct 9, 2009 (GlobeNewswire via COMTEX) -- On August 13, 2009, American International Industries, Inc. (Nasdaq:AMIN), Delta Seaboard Well Service, Inc. (Delta), Hammonds Industries, Inc. (Hammonds) (Pink Sheets:HMDI), and the minority interest owners of Delta entered into an agreement to effect a reverse merger of 100% of Delta into Hammonds. The parties anticipate closing this transaction within the next 30 days, but no later than the end of the year. Hammonds is a publicly traded company under the symbol HMDI.PK. Delta will be 100% owned by the public company. The name of Hammonds will be changed to Delta Seaboard International, Inc. and a new symbol will be obtained. Also, Delta will pursue listing on the OTCBB. Management believes that placing Delta in a separate publicly traded company will unlock the company's value apart from American's other subsidiaries and provide value to Hammonds' shareholders. American will maintain its controlling interest in Delta and will continue to consolidate Delta with its other subsidiaries.
Delta had revenues of $19,131,831 and had operating income of $1,858,214 for the year ended December 31, 2008. Increased drilling activity during 2008 created a high demand for pipe and rig services. Drilling activity in 2009 has declined due to a slowing in the energy segment of the economy and for the six months ended June 30, 2009, Delta's revenues were $4,795,125 and operating loss was $374,294. In 2010, Delta is expecting an increase in revenues and profits due to anticipated higher oil and gas prices.
American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International, and Berkshire Hathaway. The Company has holdings in Industry, Finance, and Real Estate in Houston Texas and surrounding areas, and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies, applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary's access to capital, achieve economies of scale by consolidating administrative functions, and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued acceptance of our products and services, continued growth in the energy sector, increased levels of competition, the dependence upon adequate financing, third party suppliers and the ability to hire and retain qualified management for its operating subsidiaries, and the regulatory environment in the segments in which we operate. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: American International Industries, Inc.
By Staff
CONTACT: CONTACT: American International Industries, Inc.
Investor Relations:
Rebekah Ruthstrom
281-334-9479
amin@americanii.com
(C) Copyright 2009 GlobeNewswire, Inc. All
I agree...however, I want to watch it again tomorrow. Got stopped out today but looking for a re-entry. Still think this is a good one but, I have rules and I don't break them no matter what I think about the stock.
-Dave-
Stopped out on PMDP.....Got in ICTY, still holding IOVE and added on BESE. Rolled out of option contracts and going into financials earnings week flat.
-Dave-
I'm off so, that's always a good day...will be better after Bessie breaks out of the gate.
-Dave-
Agreed.
-Dave-
What up dawg!.....and that's wrong dude. LOL
-Dave-
Nope...not at all. But, I'm still allowed to be ill..I could have gotten those .014's..and ya know that's what I'm actually ill about right?? LOL :))
-Dave-
Agreed....However, it's really my fault. I usually put an order in on the bid just before hitting the ask to keep what happened to me from happening..If the MM's want to play games I get to benefit from it that way. Didn't do it this time. Oh well..that's what happens when you don't do what you know you should do.
-Dave-
I know...I'm ill about that though. Rarely do I take this personally but that was f'd up...the bid was .019 when I bought and then 300k shares fill at .014???????? Pleeeeeeeeeez......good thing my cost average is only .011.
-Dave-
Not cool...I hit the ask for .0195 and then they back fill someone else at .014...now .016x.017...((shaking head)) Congrats to whoever got the .014's though.
-Dave-
That's always been NITE's favorite little trick.....I like to call them plausible deniability trades..
-Dave-
LOL....I've thought about that before...It would be fun to put together a sort of pinkie mutual fund..of course you would have to re-balance it about every 30 minutes!! :)))
-Dave-
That is interesting....thanks.
-Dave-
Any chance that news is already priced into the stock? Can't say the money flow looks very attractive.
-Dave-
Never had a problem with TDA..plus I like the acquisitions they are doing of other brokers...they're bringing some good tools to the table.
-Dave-
I've got TDA...shouldn't be a problem.
-Dave-
Agreed. That's why I'm really struggling over it. I'm gonna have to roll out of something though to buy it....the rules ya know? Well, I do plan on closing out some option contracts tomorrow after all :))
-Dave-
Welcome musicman good to see you again.
-Dave-
Welcome One...good to see you again.
-Dave-
Your gonna force me into ICTY aren't you pilot? LOL
-Dave-
Mine are IOVE, PMDP, and I'm going to give BESE a little more time to start moving. IOVE is definitely the one I'm paying the most attention to. I've also got some option contracts on the table too....Own Oct. calls on AAPL/185, RIMM/70, GS/180, CME/300, GE/16, TSO/15, BAC/17 and long Nov. SPY 108 puts. I'm bearish but, you can't fight this tape. However, most of the above big boards are getting pretty toppy so, I'll probably be rolling out of them Mon. or Tues. I'm still mulling over ICTY.
-Dave-
Welcome Jim! Great to see you again.
-Dave-
AGREED!!! That's my baby for next week. I'm really having to fight myself on my position sizing rules. :))
-Dave-
Out for the night..everyone take care and be safe. Thanks for bearing through my ramblings. :))
-Dave-
Good...Now I don't feel like the calloused bastard I'm accused of being. What does she expect anyway? I've been a cop for 15 years....I've kind of become drama insensitive.
-Dave-
It's very fascinating stuff...and like you, I believe they work because other traders think they work. A self fulfilling prophecy so to speak. However, the fibs amaze me...there is definitely something to that. What it is I don't know...it's way above my grasp of mathematics.
-Dave-
If a tree falls in a forest with no one around question.....do the emas work because they work? Or do they work because thousands of traders are watching them and betting they will work?
-Dave-
It seems to like the 21 ema....I'd feel comfortable buying there. It's on the watch list.
-Dave-
Well, I think it's safe to say that stock is in a confirmed uptrend. :)) Very orderly chart pattern...nice.
-Dave-
LOL...No problem. I'll be around. I'm good to go though..it's lifetime TV chick flick movie night. She doesn't like me in the room with her while she's watching them. She always starts crying...thing is the things that are making her cry usually make me laugh. So, I've pretty much been banned from the living room on Saturday nights.
-Dave-
Ahhh...the beautiful inverse head and shoulders pattern. My own take on that is that that we are actually in the process of forming a mega head and shoulders bearish pattern. We're forming the right side of the head now from the way I look at it. But, I guess it's kind of like the ink-blot tests...everyone will see something different. We also have not made even the slightest attempt to retest the March lows...that bothers me as markets almost without fail retest. That leads me to believe that there is alot of 'propping' going on right now by the Fed's PPT and the Goldman Sachs robo-traders for less than honorable purposes.....nevermind. Don't get me started. I could ramble on all night about this subject. I love the macros.
-Dave-
Whoa...just checked out your board. I could really get into that. Especially since my core belief is that the market is nothing more than one big pot of psychological analysis. The market moves on greed and fear. Figure out the dominant emotion and that's half the battle. The other half of the battle is staying disciplined with yourself and that's the hardest part. Why?? Emotions are usually stronger than the discipline we attempt to impose on ourselves. I believe that's why most folks use charts as guidance...it gives them a picture they can use to measure their possibilities and probabilities of success. And, therefore provides them a tool to keep them disciplined. I've been fighting the battle with myself for years in that regard. Every day actually. But, I'm beating myself more than I used to so that's a measure of success I believe. Mojo...I might have to take a rain check..it looks like I've got some reading to do.
-Dave-
Scott...do you feel like board hopping and flaming some trolls?
-Dave-
There is always something to be grateful for. And just remember, 500 bucks a day keeps the job away! Do the math. As I told someone here earlier today..you can still make it to home plate by making base hits. Wealth is a process, not an event.
-Dave-