Retired teacher/counselor and speculative investor
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I sold another 100,000 of my FASC today at just .025. I did so because the proceeds of the 136,000 shares of FASC sold recently at.03 were invested a couple of days ago in a stock that I purchased at .77. Today it had a one day climb from .66 to .90. I plan to buy more tomorrow at .90 if I can get it. May sell my remaining 300,000 FASC shares tomorrow if my new investment consolidates a little or drops in price.
I have been with FASC for 4 years plus. I still see it as a stock I hope to return to. I would like to make an observation or two. I will still be around keeping current. But, it is obvious my decision to leave is based on my belief that FASC is very risky right now.
I bought into Atlas Mining at .18 and sold at .25 to buy more FASC. A big mistake. I see at present two stocks that have equal potential to Atlas. Once I fill my current orders I will tell anyone by private mail what I bought. Or openly here if it does not upset the moderator. I have no intention to spam. In fact my current new investment is for just short term trading profits, while I prepare to buy another stock for long term.
With FASC "the proof is in the pudding". I would not feel bad if it shot up to .07 or .08 before I got in. One does not have to be on board right now to still make a good profit here--and yet stand aside for the present.
Wish you are wll--and also myself well--as we are taking separate pathways. Waitedg
If I have figured out the effect of the "e" removal correctly, I can now see a possible rise to about the $1.27 area.
Doublooon - Does the removal of the "e" mean that tomorrow at start of trading a person trying to buy or sell will have to use the new symbol immediately? I think it will be bullish, but am wondering if the change will create an immediate "wake-up call"--sufficient to affect tomorrow's opening.
I freed up some more funds and placed a new order at the ask of .89 at 3:45. New broker--and I hit the buy to cover rather that buy and voided the order. Perhaps it will all work outokay as I plan to add tomorrow unless we have a gap up oening.
Reviewing the April 25 qnd 26 trades:
24th close 1.26
25th Open 1.26 high 1.50 Low 1.25 Close 1.45 up .19
26th 1.41 1.48 1.39 1.48 up .03
I see a strong parallel here. I thus hope to get in at or near the opening. Tomorrow should be a consolidation day. Monday near close might be a short term peak. What i can't factor in is the effect of the "e". Agree with you Lonestar it should be positive. Psychologically it may mean that the average investor reads this as the cause of the drop--which is positive.
Interested in any comments. Waitedg
IDCOE - The bounce was better than I figured. My thinking is that the third and fourth day of trading after start of the bounce is when to exit--if in just short term. Watching carefully for possible exit Monday PM or Tuesday by noon. This can be refined on a daily basis. We may have a couple of days of this. Waitedg
If you two are going to take advantage of the fire sale, we will be jumping back to 4.50. I continue to wait for audited books. Unless I buy for 3.50 or less I miss this one. Waitedg
There is one factor that does objectively cause considerable risk here--which has not been discussed. There appears to me to be a rather concentrated group of longs that hold very large positions. To this point there has been solidarity in basically holding.
But should real or implied negative news hit, and some of these large investors start to sell, it could cause a tremendous imbalance in sell orders. The longs have become more quiet, and removed themselves from active and involved posting. This is a risk to my investment also. I must always weigh the risk/reward ratio.
Recently holding 536,000 shares of FASC, I sold 136,000 at .03 a couple of weeks back. I have just invested this short term in an alternative investment. There can also be an opportunity cost in holding FASC--stagnant principal that might well be employed fruitfully elsewhere. Add in the fact that dilution is at least a fairly good possibility here, there are reason to be concerned--regardless of the down-the-road potential of FASC which I believe in.
It is hard to sell any shares that I bought at an average cost of .076 at .03. I am facing a situation right now. The new investment I just made looks very exciting--like Atlas Mining at .12. If technical patterns hold up I am likely to sell more FASC to place here. This does not mean I am negative on FASC. It does mean that I may be seeing a better situation short term to make a very good return. If right, I will have the capital to buy back into FASC later when the present risk is resolved. There is also risk innot owning FASC at this price. Imust weigh the probabilites on both sides of the scale and make a decision. Waitedg
IDCOE - Looking at the APril 21st and 22nd chart bottom pattern. We have almost an exact duplicate. Would get into IDCOE at or near opening. Might expect a climb tomorrow to a close over .80. If seeking short term profits, a preliminary strategy would be to sell by midday of next Tuesday if we are up at least a dime tomorrow.
If I see early indications of exceeding .74 or .75, will likely sell another stock, and jump in here. Good short term trade here, and perhaps better hold if contracts materialize as rumored. Like this one real well.
ALMI brings tears to my eyes. Got my son in at .22 and he still holds. I was in at.18 and sold at .25 because "the grass looked greener" elsewhere. Agree with Doubloon that this is a nice place to place money for at least the summer. Downside risk is no more than .95 now. Waitedg
Very encouraging early signs on IDCOE this morning. Holding its close of yesterday at 9:50. Very little volume. If we close in .75 to .80 area, I think the bounce back will likely hit its short term peak on Friday or Monday. Three to four day rebound cycle is past history on this one.
Agree with another opinion that we may hit a rebound peak of about $1.20. Likely exit on this one if am right on this being the first day of a three to four day bounce.
IDCOE remains a very interesting play. If one order comes through, no matter what size, I would like to be one of the first back on board. Anyone seeing this coming, would appreciate a mailbox note to that effect. This could have a ride like ALMI at .12 if that be the case.
Waitedg
A couple of interesting comments from IDCOE filings:
Subsequent to December 31, 2004, the Company completed an equity private placement of $1,000,000 by issuing 1,000,000 units at a purchase price of $1.00 per unit. Each unit comprises one share of common stock and two stock purchase warrants. Each warrant entitles the holder to purchase one share of common stock at $1.25 per share for the first year after the closing of the private placement, and $1.50 per share for the second year. $300,000 of $1,000,000 proceeds was received as at December 31, 2004.
Another report:
We anticipate that we will start generating revenues from the sale or lease of our biometric identification and authentication systems within the next three months, but, we are not in a position to predict whether we will be able to generate sufficient sales revenues to meet operating expenses
- - - - - - - - -
If the second statement has any truth, an initial order would get things moving. From the first statement above, would appear those on the inside see a minimum $1 a base value.
Studying the time and sales today, there really looks like a base in the .68 to .72 area. may look for a reasonable profit on my shares and then exit. Perhaps in the $1 area. Waitedg
Looking at the severe drop earlier this year in IDCOE--it took 3 full trading days to hit bottom. Looks to me that two of those three days are over with IDCOE now. If pattern repeats tomorrow, a climax low should hit by mid-day. We could drop down to about .60. As today,s volume was greater than last Friday's--I would lean toward a possible gap drop opening tomorrow. Someone mentioned "doubling up" today. Tempted to "triple up" here. Feel very positive with only a .04 loss for the day. Waitedg
First: the good news as I see it. IDCOE for now at least appears to have bottomed for at .70/.71, The bad news is that it is languishing near its low with no hoped for mid-day bounce. Question then is has the gap down openings for the last two trading days ended--or are we in for a little more of the same. Would certainly be more comfortable if we came back to at least .75 or higher close today. If not, we may be headed south for another day.
Everything looks good.The PR announcement appears to be at least neutral--and likely positive. Doubloon, any thoughts on the likely short term direction at this point?
IDCOE now at .71. Might be a good spot to get on board. Waitedg
Picked up one batch of IDCOE near opening at .79 and another batch at .75 with average cost of just under .77. As I write this IDCOE is still heading south (Whoe there Charlie!!) and trading at its low of day of .68. Hoefully shortly it will hit its panic bottom, retrace then retest its bottom a bit. Nice if it closes the day above my .77 entry.
Read PR's on this. Get the "e" removed will help as you mentioned Doubloon. Also, selling into a 10Q is not uncommon in developmental stocks. Agree with the thought we could get a bounce back to the $1.50 area. Like the prospects--but IDCOE is not for the lighthearted. Can take your breath away--as you jump in front of a "falling knife". Hey--.69--up a penny!!! Waitedg
I think TR that you figured there is another sale for this quarter mentioed in the 10Q that has not as yet been announced? Is this correct? If so, we should be getting a PR on that sale within the month of June. Correct? Waitedg
Doubloon - Think you are likely right on not seeing a dip to .75 on IDCOE. So split my buy order--1/2 at .75 and 1/2 at .83. Will see what happens. Like ALMI at somewhere between .95 and $1. May miss TDYH--but with a pink sheet I like to wait for reported audited books.
Doubloon - Pardon a basic question, but what type of restriction is the "e" in IDCOE. Just read the 10Q, studied historical quotes, and hope to catch a half purchase by noontime Tuesday. A drop of .33 on Friday, appears to ba a panic reaction of breaking down below the 1.25 support line of the previous day with a 1.23 close. Playing a dip to .75--.11 below the Friday low. But if I miss,hope to get on board here close to .90 Waitedg
A real concern of mine is that Net-Man reported specifics--with projected achievement dates--following a talk with Cal. Nothing has occurred--and Net-Man appears to have disappeared--at least short term.
Serious concern has to occur not only with those bonuses paid, but the consistent inability to acheive any stated objestives within the guidlines stated. Jacobson, of ALMI, has excellent integrity. This sense of integrity is "borderine" with FASC management. Having said this I still plan to buy back the 1/4 of my shares sold. But I don't like the quality of relationship between Cal and investors. Waitedg
Setonian - In response to:
waitedg....I thought you just sold 1/3 of your holdings, I don't consider that as seeing a sturdy bridge ahead.
Actually I sold 1/4 of my shares at .03. I hit one of the "outer edges" of the process stages that Terry described when one buys and averages down, then buys and averages down again, etc."
Sometimes we need to let go of the reins (is it "rains", TR??), step back and get a refocus. Did so, looked at the other side of the street where the grass looked greener short term. But decided I liked what I had--and besides Sambeaux needs a little company in his laments.
So--a sturdy bridge? Heck no--its onward through the fog. But TR implies there may be a little bridge building. Add two cents of faith--a long shot mentality--and hopefully a sprinkle of intelligence--and may have a good recipe. On the other hand could this be a "recipe for disaster"? My hunch after much thought is to get back to a 100% position, hopefully rebuy my 136,000 shares sold, and if fortunate--pick up some extras in the process. Waitedg
Setonian - In regard to your post:
Waitedg, one last point on this......when you speak on "who is right" and who isn't, one never has to look at ones posts but rather to the PPS for figuring out who's on point and who's not.
I would rather have someone slap me in the face before going over a cliff, and help me before going over, then having someone politely say have a nice trip!
- - - - - - - -
Well--slap me gently as I go over the cliff. For I plan to put some more cargo in the truck. And might you consider putting an umbrella on the vehicle to provide a somewhat softer crash?
Looking at the PPS I would say the cliff is fast aproaching. But what is it I see down the road? Is someone building a bridge? I am not saying you are wrong. But don't make me feel stupid. It is bad enough if I crash.
Now--suppose I am right. What do I say back to you? I supposed I could say or think--"Well that pompous, self righteous fool. Sure showed him a thing or two." But I would hope the dominant side might say--"Well, we disagreed, and he was wrong, but he is a nice guy and I like him."
Waitedg
In regard to my post 8890 and the two responses to it, it is better at this point to have no further response. If nothing I have said has caused any introspective thinking that leads to change, then it is better to let you continue what you do. If I don't like it, I of course can leave, use ignore and all the rest. Too bad. I would rather be conceived of as self-righteous, than get into the tedious interchange of one-upmanship that goes on.
When "being right" is more important than a sense of sharing in an edifying manner, then your motives are hidden. Is TR right and you are wrong? Maybe not in regard to FASC. But he is a gentleman. He is not on an ego trip. Nor is Techisbest or Two Jugglers, etc. It is too bad that you do not catch the difference. Your choice--but in my "self righteous" manner you are starting to erode the quality of being here--which is a separate issue to just matters related to FASC and its direction.
If this second post makes no difference to either of you, then it becomes a moderator issue not mine. I see where we are headed. Waitedg
jagman - I sense the subtle start of what started some of us to leave the crap on Raging Bull. Think that you and Setonian veer over the narrow divide of responsible sharing and building of information here. The subtle games of obvious ego problems and lack of humility are starting to bring things to a point where hopefully the moderator will correct them.
Both you and Setonian are intelligent, gifted people. It is sad to see the beginning again of what starts to be the hurting of the good spirit on this board. You both should self correct. If not, the guidelines of this board will in time do it for you. Waitedg
TRCPA - Am seriously considering buying back in to FASC. Sold 136,000 shares at .03 on 4/5. Ten more days and wash rule will then permit me to establish the loss and buy back in.
Now wouldn't it be nice if I did so at say .025? Could add an additional 27,000 shares in the process!!!
Agree with you--FASC is going to make it. But, for me at least it is partly a "religious experience"--"coming home on a wing and a prayer"!!!. Don't think I would have held on during the "deep valleys" without your consistent, steady and objective "reporting" to us. Thanks, TRCPA. - Waitedg
To me many investors may be looking at just net income comparisons. .18 vs .22 year to year this last quarter. For previous quarter they were .19 vs .14 or a 36% increase for that quarter Looking at charts after previous 10Q announcement--the stock soared.
Net income for 6 months is .37 vs .36--or basically even with last year. Many investors get negative when percentage comparisons like the above occur. The drop Tueday was on big relative volume. Would certainly want to be standing aside for next couple of days and watch for bottoming pattern. Waitedg
jagman - You not only "wasted another 60 seconds"--you wasted a combined 120 seconds, for it took me--a slow reader--another 60 seconds to read what you two wrote! Have a message to send you when I can figure what time "Happy Hour" starts.
Regarding FASC--its day is coming. I truly believe it. TRCPA may be nearly "walking alone" by that time--but I will still be following along in his shadows--as well as many other now more silent longs. I want to have some powder on the sideines until I see just how the financial/revenue problems get resolved. The risk/reward ratio--very short term--is not too good. But just one good stable move that shows a foundation for other than isolated, individual sales--and we should be moving. I see it down the road--perhaps 2006. Others have shorter time horizons. Waitedg
Beigledog and Doubloon - Interesting interchange between you on CESV. Stock's low for the day for last 5 trading days starting 5/18 are: 11:30, 11.06,, 11.15, 10.99 and 9.77 today.
Primary support is close to 10. If this doesn't hold a strong support at 8. Should know tomorrow if we break below the 9.77 low of today. Like this as a short term or longer term place to park a few idle dollars at present. At $8 to $8.25 safe as gold. These little stocks often sell into 10Q's for a couple of days when undiscovered. May jump on board here--but will wait until closing low stabalizes a bit more. - Waitedg
Well - Back from lunch!! Status of FASC? Well I sold 1/4 of my position about two weeks ago at .03. Am I less bullish? Short term yes. Longer term no. Think it will likely take another year or two before anything significant occurs.
Value here? Think it is tremendous. But if good news comes earlier than I expect, I think there will be a surge--and then a lot of dumping of frustrated investors wanting to get out at a reduced loss. Then, with the beginning of a second climb, a chance to get back on board for some good profits.
Am waiting for a good dip in price on an alternative investment now to place some of my assets short term at least. If this is achieved, will likely split myself between these two stocks, and thu reduce my short term risk somewhat. Waitedg
Watching TDYH with care. If it breaks support downward below $4.00, should happen in next couple of days. A drop to 3.50 will get me on board.
Doubloon-- do you have any other stocks like TDYH that you like for longer term--at lest a year or more hold-- investing? Waitedg
Still watching closely. On a technical basis only, the trend is not so good. I have been thinking more around entry at 3.25 to 3.50. If I miss, I miss. But always leary on pink sheets. Management can put it to you with no regulation.
It is good to see some positve thinking expressed here regarding FASC. I recall a very long time ago when someone spoke with Cal regarding VMHVF--when it was looked upon as about "worthless garbage". Cal said he wouldn't write it off--that there were still some possibilities. If VMH can make a profit, dog gone it - maybe FASC will come up from the depths and do likewise. Waitedg
TRCPA - In reference to "but MES no formal license agreement has been entered into with MES at this time" -
I took the meaning to be something like "at this time no formal agreement has been entered into with MES at this time."
I recall Net-Man saying that in his conversation with Cal back a month or two ago that he thought we were "inches away" from a signed agreement--that Cal was especially upbeat about this.
Since FASC is now exploring other licensing arrangements, I assume Mitsui is now on the back burner at best. Could be wrong. Waitedg
Setonian - As I read the 10Q it appeared the relationship with
Mitsui has fallen through--and FASC was exploring contractural relationshipw with other Asian companies. I read it to believe Mitsui is dead.
New to board and just getting oriented. At present first interest here is watching ALMI maybe retrace to about .85 to .90 area in next few weeks. Very good management here--and potential to $3 at least.
TRCPA - Yur idea of buy back of shares is certainly an interesting thought down the road. It certainly would boost investor morale 100%--and would be to everyone's interests. For it would show that the company truly felt the current price was greatly under-valued, as well as indicate the company believed the value would be much greater down the road.
Problem is raising the money to do this. Would appear all revenue for now is badly needed for current operations.
Techisbest - I understand your rationale--and it makes sense. What I don't understand is how production could be in motion next month when a site location or paper company implementing it have not been announced. How do you explain this? Waitedg
TRCPA - This is in regard to your quote from the 10Q and comment:
"We are currently constructing a larger system with higher volume capacity which is expected to be operational in June 2005."
Note that they used the phrase larger "system". Sounded to me like they were referring to WRAP, but I could be wrong.
I tend to agree with your explanation rather than Tech's. I think the "larger system" refers to the smaller KDS being used with a larger WRAP system. This ties is with original WRAP release stating, as I recall, that full operation would be in June with completion of the study in November.
Don't think we have any details at all on SDTP and Ages. Don't see any significant guidelines from KDS3000 as to when we may expect more specific information, location, company involved etc. Do you? Waitedg
Can someone clarify for me whatis meant by the reference in the 10Q to a larger KDS unit and a June date? Doesn't make sense to me. Anyone understand the reference? Waitedg
It is not a good sign to see the stock falling in price a couple of days before the 10Q comes out. If the 10Q does not offer something positive to look forward to, we may be vulnerable further--even at .025
Unless the 10Q addresses the impending financial problems with some specifics on how FASC hopes to deal with them, then investor morale will continue to erode. No messages regarding Ages since October, no word on hoped for developments in Poland, etc. do not help. James, on the other board, mentioned another trip to Japan for Cal and hoped for revenue developments in regard to palm oil. We certainly need something both subatantive and soon. Waitedg
TRCPA - You mention that debt finacing might be another option to keep going. Can you explain how debt financing might work? Waitedg
It is good that the outstanding shares have not changed in the last two months. But, it is difficult to see where sufficient revenue will come short term to solve the immediate revenue problems. How FASC will meet this impending crisis is soon facing us--unless something very unforseen happens.