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Modern Technology Corp. to Acquire INmarketing Group with $11 Million Projected Revenues for 2005 and with Projected Additional $13 Million in 2006
8/15/05
OXFORD, Miss., Aug 15, 2005 (PRIMEZONE via COMTEX) --
Modern Technology Corp. (OTCBB:MOTG), a diversified technology development and acquisition company, announced today it has entered into a Letter of Intent to acquire INmarketing Group, Inc. Upon completion of due diligence and the subsequent execution of the definitive agreement, a new operating subsidiary will be created to add an estimated $11 Million in 2005 profitable revenues and a projected additional $13 Million in profitable revenues for 2006. INmarketing Group generated $8.7 Million in profitable revenues in 2004 and has generated $5.8 Million in the first half of 2005.
Anthony Welch, Modern Technology Corp.'s Chairman, said, "As promised to stockholders, this new acquisition brings us in range of our mid-year annualized revenue goals of $25 Million. Our pro forma revenues for 2004 will increase to approximately $18,000,000. We met and exceeded our 2004 goals by delivering to stockholders revenues of $10,000,000 and current assets of $7,000,000. We now add another projected $11 Million to 2005 revenues. INmarketing Group has consistently produced outstanding year-on-year growth and profitability. We expect this new acquisition to be a strong addition to our platform. INmarketing Group is a tremendous addition to the MOTG family of companies and creates strong synergy and cross-marketing potential with our other holdings."
David J. Weiss, President of INmarketing Group, said, "I look forward to working with Modern Technology Corp. and its family of companies to provide our loyal clients both the technological and pricing advantage they deserve. By expanding our distribution and integrating our systems we assure once again that INmarketing Group remains ahead of the curve when it comes to leading the Online Incentive Industry."
MOTG has other acquisitions in its pipeline that can easily take revenues beyond $50,000,000. The company will release news on these acquisitions as they occur. As always, the company cautions readers that this guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the industry, access to financing, the competitive and regulatory landscape and the ability to successfully consummate the acquisitions under consideration.
About Modern Technology Corp.
Founded in 1982, Modern Technology Corp. is a diversified technology development and acquisition company, building revenues by strategic acquisition and commercialization of nascent commercial technology and by the acquisition of synergistic operating companies. MOTG commercializes technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to consistently build shareholder value through accretive acquisitions of emerging technology or acquiring operating companies capable of benefiting from technology infrastructure enhancements or new product lines. For more information, visit: http://www.moderntechnologycorp.com.
About INmarketing Group
INmarketing Group creates customized targeted online incentive programs, employee motivation campaigns, service award plans and customer loyalty programs. As one of the first Online Incentive Marketing companies, INmarketing Group is in a unique position to leverage the newest technology and deliver dynamic, cost effective programs. INmarketing was conceived to design and develop the very best solutions to efficiently meet client objectives no matter how demanding. For more information, visit: http://www.inmarketinggroup.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Modern Technology Corporation
Friedland Corporate Investor Services LLC Rebecca Hunt Jesse Blum Jeffrey Friedland 212-757-9454
(C) 2005 PRIMEZONE, All rights reserved
BLSI in-Play
2:53PM Boston Life Sciences and the FDA reach agreement on a new S.P.A. for Altropane Phase III program (BLSI) 2.40 +0.47:Co announced today that, at the request of the co, the FDA granted a new Special Protocol Assessment (S.P.A.) for Altropane, the co's molecular imaging agent that is being developed to aid in the differentiation of Parkinsonian Syndrome tremor from non-Parkinsonian tremor. Under the terms of this agreement with the FDA, the co may conduct two smaller Phase III trials, POET-1 and POET-2, rather than one large Phase III trial without sacrificing its S.P.A. status and will be permitted to include all subjects currently enrolled in the existing Phase III clinical trial pursuant to the revised protocol. In addition, the co has reduced its statistical endpoint threshold from p<0.02 to p<0.05 for both studies. "As a result, we may be in a position to advance partnering opportunities earlier than expected."
Out PWRI @ $0.26
In PWRI @ $0.29
L-3 Communications and Power2Ship Agree to Collaborate on Dual Use Transportation Solution
8/15/05
BOCA RATON, Fla., Aug 15, 2005 (BUSINESS WIRE) --
Power2Ship Inc. (OTCBB:PWRI) announced today their collaboration with L-3 Communications (NYSE:LLL) on a comprehensive, end-to-end solution for secure and efficient container transportation worldwide. This solution is targeted to meet the recent Department of Homeland Security objective outlined by Secretary Chertoff for supply chain security. Chertoff, in discussing the Department's focus, recently stated, "DHS must base its work on priorities driven by risk."
Since its creation, the Department of Homeland Security has created programs to safeguard our borders from threats. However, securing the movement of containers through the ports and across highways and rail systems has proven much more difficult. "Our risk-based solution focuses on both the containers and on all of the related transportation service providers in the supply chain," commented Michael Darden, President, Power2Ship, Inc.
The underlying tenet that drives this particular supply chain security model is dual-focus - meeting both the needs and priorities of industry and of homeland security. "Our solution provides measurable benefits and efficiencies for industry, ensuring also its self-sustainability, while additionally enhancing our Nation's security," commented Dr. Linda Brent, Director, Homeland Security, L-3 Communications.
About Power2Ship:
Headquartered in Boca Raton, Florida, Power2Ship is an Application Service Provider that specializes in real time transportation information collection and processing with event driven software that optimizes the utilization of transportation assets while providing real time information to trading partners. Its product offerings service the supply chain management industry from manufacturers and distributors of goods to the service providers that transport the goods.
SOURCE: Power2Ship Inc.
Power2Ship, Inc., Boca Raton Richard Hersh, 561-998-7557 or 866-727-4995 e-mail: rhersh@power2ship.com
Copyright Business Wire 2005 ********************************************************************** As of Thursday, 08-11-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 05-20-2005 for LLL @ $69.18. (C) 2005 Comtex News Network, Inc. All rights reserved.
IDS Worldwide Solutions, Inc. Retains Salamon Brothers of New York; IDS Enters Agreement with Salamon Brothers for Merger and Financial Advice
8/15/05
ORLANDO, Fla., Aug 15, 2005 (BUSINESS WIRE) --
IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS) announced today that it has retained Salamon Brothers of New York on August 10th to become IDS lead investment advisor.
Patrick Downs, CEO of IDS, stated: "After consulting with several financial advisors, we have chosen Salamon Brothers to advise IDS on several fronts. IDS firmly believes the current stock price does not reflect the true value of our technology and assets and we are confident Salamon Brothers, with their extensive Wall Street connections, will be able to assist us in achieving true shareholder value."
Salamon Brothers will assist IDS with both licensing and sale of technology with strategic partners as well as representing IDS directly with institutional investors for the long term placement of equity. IDS will use this equity financing to complete the current backlog of 4000 installations in its Homeland Defense Division.
IDS has developed some of the most sophisticated Biometric Technology for Homeland Defense in the market including its Biometric Identification Card which included Facial and Fingerprint Biometrics combined with Digital Signature Verification all on one card.
IDS believes this card will allow the highest level of security in one system while keeping implementation costs low.
For further information: http://www.ids-worldwide.com
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
SOURCE: IDS Worldwide Solutions, Inc.
IDS Worldwide Solutions, Inc., Orlando William Scott, 407-478-4020, ext: 202 info@ids-worldwide.com or StockMarketNewsAlert.Com Investor Relations Douglas Baker, 954-570-5900 http://www.stockmarketnewsalert.com
HYRF is also running because of the $210M news.
Nice ! Keep up the good work.
That's a good problem to have. lol!
I was too busy trading that is why I posted the EYII news yesterday.
Yup! Holding free shares now. :)
Stock to watch tomorrow ==> EYII.ob
EYI Industries Enters Letter of Intent Worth an Estimated US$210 Million
Thursday August 11, 4:57 pm ET
BURNABY, British Columbia, Aug. 11, 2005 (PRIMEZONE) -- EYI Industries Inc. (``EYI'') (OTC BB:EYII.OB - News) (http://www.EYIcom.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that it has entered into a Letter of Intent (``LOI'') for the sale of an undisclosed number of Patented Code Blue(tm) filtration systems over a 2-year period with the Guangzhou CEIEC Enterprise (GROUP) CO. LTD. (``Guangzhou CEIEC''), a subsidiary of The China National Electronics Import & Export Corporation (``CEIEC'').
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[-56033]
The CEIEC, located in South China, is the largest exporter and importer of electronic products in China and was the first Chinese enterprise to establish sales and cooperative relations with foreign brand name enterprises such as Hitachi, Sharp, Mitsubishi, Panasonic, Siemens, Casio, Phillips, Hewlett-Packard, LG and Samsung. Currently, the CEIEC is under the direction of the Chinese government and has extensive business relations with nearly 100 countries and regions and imports/exports over US$1 Billion in products every year.
The Code Blue(tm) portable water filtration system removes Arsenic and other contaminates to a negligible level from drinking water. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(tm) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
Under the terms of the agreement, Guangzhou CEIEC will acquire agency rights from EYI Industries to distribute the Code Blue(tm) filtration system throughout China, and will commit to the purchase of US$210 Million worth of product as per the following schedule:
Fiscal 2006 (US$42,000,000)
Q1 = $700,000
Q2 = $2,800,000
Q3 = $14,000,000
Q4 = $24,500,000
Fiscal 2007 (US$168,000,000)
Q1 = $31,500,000
Q2 = $38,500,000
Q3 = $45,500,000
Q4 = $52,500,000
EYI Industries Chief Operating Officer, Dori O'Neill stated, ``Gaining access to China, the fastest growing global economy and largest consumer market through a reputable partner such as Guangzhou CEIEC Enterprise Group, is a huge milestone for EYI Industries.'' Mr. O'Neill went on to say, ``An order of this magnitude will certainly generate a great deal of shareholder value and may be just the first in a number of orders from China as the Code Blue(tm) filtration system is a cost effective solution to a very serious issue affecting millions in the Chinese population.''
About EYI
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(TM) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(R), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(R) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(R) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
EYI Industries Inc. (OTC BB:EYII.OB - News)
Contact:
EYI Industries Inc.
Jennifer Trevitt
Investor Relations
(604) 759-5031
jennifer@eyi.us
Source: EYI Industries Inc
ok ! Thanks
U.S. Army's Night Vision and Electronic Sensors Directorate Awards Markland Technologies' Subsidiary $4.8 Million Contract
8/11/2005
BOSTON, Aug 11, 2005 (PRIMEZONE via COMTEX) --
Markland Technologies, Inc. (OTCBB:MRKL), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded the company's wholly owned subsidiary EOIR Technologies Inc. new orders for technology products and services totaling $4.8 million and that the company finished the fiscal year ended June 30,2005 with $48.8 million in funded backlog. Robert Tarini, Chairman and CEO of Markland, made the announcement.
The Army's NVESD research and development group is one of the U.S. military's most advanced technological leaders. Markland is working on a range of next-generation technology solutions for the NVESD, including night vision and advanced sensor applications, disposable sensors and other threat-detection systems. A portion of the current funding is being utilized for the continued development of technologies which may help to detect suicide bomber and weapons threats from stand-off distances.
The $4.8 million in new orders come under an NVESD omnibus contract. The omnibus contract Option Year Four was awarded on July 15, 2005. EOIR Technologies Inc. omnibus contract awards for the previous Option Year Three which ended on July 14, 2005 had totaled $61.2 million.
The ongoing Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues for Markland. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. The Army's NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/Default.asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
The ECON Investor Relations Inc. logo is available at: http://media.primezone.com/prs/single/?pkgid=350.
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at http://www.primezone.com/hs.
SOURCE: ECON Investor Relations Inc.
Markland Technologies http://www.marklandtech.com or ECON Corporate Services Dawn Van Zant (866) 730-1151 dvanzant@investorideas.com or Trevor Ruehs truehs@investorideas.com
(C) 2005 PRIMEZONE, All rights reserved.
Out CLWY @ $0.80
CLWY nice close @ $0.72 up 242%
CLWY Weeeeeeeeeeeee!
In CLWY @ $0.49
Out FNIX @ $0.05
Still holding some BCIT .
FNIX is just starting, Out NNNC @ $0.0035.
Ok! Thanks NNNC I'm in for a quick trade.
In FNIX @ $0.056
In NNNC @ $0.0038
AmeriVestors, Inc. Books 5 Million Share Payment from Contrieve, Inc.; Contrieve, Inc. Issued Trading Symbol - CNTR
8/10/05
HOUSTON, Aug 10, 2005 (BUSINESS WIRE) --
AmeriVestors, Inc. (Pink Sheets:AMIV) is pleased to announce the company has received and booked a five million share payment from Contrieve, Inc. in exchange for its consultation services. Additionally, Contrieve, Inc. has been issued a trading symbol of CNTR (Pink Sheets:CNTR) and is effective for trading. Contrieve's CUSIP number is 21234X 10 1.
AmeriVestors announced on June 2, 2005 that the company had entered into an agreement with Sherman Oaks, California based Contrieve, Inc. to render consultation services to bring Contrieve, Inc. to the public markets.
Contrieve, Inc. is a computer network technology R & D company. After identifying the gross inefficiencies and unreliability of data transfer, the company was founded in 2000 to address the burgeoning demand for efficient, cost-effective software technology to bridge the communication gap between different computer networks. Contrieve has invented a new software application - RevBot(TM) - that enables instant communication between multiple websites, databases and other types of network connecting points.
RevBot technology monitor will collect, index and report information across sites using different technologies allowing for integration and unified searching and retrieval capabilities to improve information flow, enhance security and mange traffic across network firewalls. RevBots can capture any kind of data including financial data, data contained within documents and spreadsheets, audio, video and three-dimensional drawings. Contrieve's core markets are Homeland Security Agencies, Enterprise Solutions and the Internet. Contrieve has filed for a number of domestic and international patents on its technology. For more information please visit http://www.contrieve.com
Kurt E. Neubauer, CEO of AmeriVestors, stated, "We are pleased with the progress we have made with Contrieve. Our streamlined, cost-effective programs are working as intended. We look forward to seeing Contrieve bring its next-generation technology to the marketplace."
About AmeriVestors, Inc.
AmeriVestors, Inc. is an all-encompassing management consulting firm serving privately held corporations wishing to graduate into the public domain. Comprised of a veteran management team, well versed in the public markets, AmeriVestors Inc. has developed comprehensive, cost-effective programs to access public markets. It has assembled a core group of consultants/advisors that specialize in legal, accounting, public relations, investor relations, marketing, capital resources, etc. to execute the programs. Providing all services mandatory in going public makes AmeriVestors a one-stop shop for its clients. In evaluating prospective clients, the company adheres to stringent criteria to maximize overall success of the prospective client, the company and ultimately shareholder value. AmeriVestors Inc. owns five million shares and may sell shares owned for less than any target price as a result of the information contained in this press release. AmeriVestors, Inc.'s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this release and may profit in the event those shares rise in value.
For more information visit: http://www.amerivestors.com
Safe Harbor Statement
AmeriVestors, Inc. is NOT a Registered Investment Advisor or a Broker/Dealer or a NASD member. AmeriVestors, Inc. performs no underwriting functions and acts solely on behalf of a client company in providing consulting services. Consulting services may include general advice and consultation regarding general legal topics relating to the consulting services to be rendered; the services rendered by AmeriVestors, Inc. do not include the rendition of professional legal services or any specific legal service, advice or consultation by any affiliate of AmeriVestors, Inc.
The information contained herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by companies for whom information is supplied is not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in a Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of a Company's stock; and the risk factors set forth from time to time in the Company's information posted on PinkSheets.com or SEC reports, including but not limited to their annual reports on Form 10-KSB; their quarterly reports on Forms 10-QSB; and any reports on Form 8-K. AmeriVestors, Inc. takes no obligation to update or correct forward-looking statements.
All statements or expressions contained in this press release are solely the opinion of AmeriVestors, Inc. and are not meant to be a solicitation or recommendation to buy, sell, or hold these stocks. As a reader of AmeriVestors, Inc., you will be responsible for your own trading and investment decisions. We are not liable for any loss that you may incur on the stocks that we profile. All material provided regarding companies listed in this press release, including, but not limited to their history, corporate status, and other developments, were prepared using information provided by the client companies. Although the information contained herein is believed to be reliable, AmeriVestors, Inc. makes no warranties as to the accuracy of the description of any of the content herein and accepts no liability for how readers may choose to utilize it. The information contained in this press release is provided as an information service only and past performance of previously profiled companies does not guarantee the future success of any currently profiled company.
SOURCE: AmeriVestors, Inc.
For AmeriVestors, Inc., Houston Enrique Salinas, 727-796-2555 e@ideasonfire.com
Copyright Business Wire 2005
NNNC going wild!
Oic Thanks~!
SNIO @ $0.0185
HKBV nice @ $0.075 up 114%
What's up with SNIO ?
Yup! The new chic's body looks very yummmmmmmmy!
Cool! WHLI will be a Gapper tomorrow.
oic thanks!
Here is the answer to your question earlier. lol!
Short-sellers eyeing rallying Baidu.com
Mon Aug 8, 2005 04:24 PM ET
NEW YORK, Aug 8 (Reuters) - With a business model that captures U.S. investors' latest love affair -- China -- and their last big fling -- the Internet -- shares of Baidu.com Inc. (BIDU.O: Quote, Profile, Research) have more than quadrupled in price since they debuted on the Nasdaq on Friday.
Now the shares' meteoric rise have captured the attention of short sellers, who are wondering when it will be time for them to move in. Sources said the shares aren't yet available at Wall Street lending desks, but are expected to show up by mid-week after the initial purchases of the stock are settled.
To execute a legal short sale, a trader must first borrow the shares he or she plans to sell. Wall Street's major brokerages lend shares to short sellers for a fee.
In the meantime, traders are trying to get their arms around the five-year-old Beijing-based operator of a Chinese Internet search engine. Its American Depositary Shares closed on Monday at $115.50, off 5.8 percent for the day, but still far above their $27 initial public offering price. The shares rose as high as $153.98 earlier in the day.
The shares' rapid surge have driven up their price-to-earnings multiple to a mind-boggling 2,356.54. They racked up the biggest first-day gains in value since the halcyon days of the Internet bubble in 1999.
Short sellers profit when stock prices go down. They borrow shares, selling them and buying them back later at a lower price, pocketing the difference.
One trader, who spoke on the condition of anonymity, called shorting the shares an "obvious" play, given their enormous surge.
While some traders see the shares as clearly overvalued, another warned that it's hard to know how to price them, given the rapid growth of China's economy. Shares of another high-profile search engine, Google Inc. (GOOG.O: Quote, Profile, Research) , have more than tripled since their August 2004 debut, when they were offered at $85. Google closed at $291.25, off $1.10 for the day on Nasdaq. They are 8 percent off their lifetime high of $317.8, hit in July. Monday's prices valued Google shares at almost 86 times earnings.
"It's a silly price," said one investor, referring to Baidu.com. "But at twice the price, it wouldn't necessarily be twice as silly."
© Reuters 2005. All Rights Reserved.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq and all other quotes delayed by at least 15 minutes. Reuters does not endorse the views or opinions given by any third party content provider.
WHLI nice close @ $0.0085 up 431%
WHLI Where did you get 1M yahoo shows 206M?
Probably they don't have shares to short. That one has a very small float also so It will be a good idea just to stay away from it.
Yup! Less than 5M float! 495M shares short or probably more.
Cool! BCIT @ $0.0083 up 80%
BCIT nice! Are u in?