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You up on the Banana coast? That where you plan to hang your hammock? Warm and sunny here now, about time to check out to the beach:)
Looks like SHPS again held the shorters at bay at $1.
imo
Is that all you want;) Pretty good volume last couple of days, float getting tighter at this level, will make for a nice quick move to the upside once the change is done.
imo
Castle Holding Corp. Discusses the Launch of CastleIPO.com with
Castle Holding Corp. Discusses the Launch of CastleIPO.com with
WallStreetNewscast.com
Business Editors
FREEPORT, N.Y.--(BUSINESS WIRE)--Jan. 25, 2001--Castle Holding
Corp. (OTC Bulletin Board: CHOD) President and Chief Economist
George Hebert, conducted a Real Audio interview with
www.wallstreetnewscast.com to discuss the launch of their new
investment service, CastleIPO.com.
A Real Player Audio link to the interview can be found below:
http://www.wallstreetnewscast.com/profile/chod/main.html
About Castle Holding Corp
Castle Holding Corp. (CHOD) is a holding company which was
incorporated in Nevada on June 13, 1986. CHOD is preparing to
facilitate E-Commerce and presently conducts substantially all of its
business through two subsidiaries, Castle Securities Corp. and Citadel
Securities Corp. Castle Securities was incorporated in New York on
December 7, 1984 and operates as a broker-dealer in securities. Its
businesses include the underwriting and brokerage of fixed income and
equity securities. Citadel Securities was incorporated in New York on
April 11, 1991 and also operates as a broker-dealer in securities.
Citadel Securities makes markets in NASDAQ, OTC Bulletin Board and
"Pink Sheet" securities, has no retail customers, and conducts
business exclusively with other broker-dealers.
Investors please visit http://www.castleholding.com for access to
company filings.
Except for historical information contained herein, the matters
discussed in this press release are forward-looking statements that
involve risks and uncertainties, including but not limited to
economic, competitive, governmental and technological factors
affecting the Company's operations, markets, products and prices, the
inherent uncertainty, unpredictable and changing factors involved with
stock markets and exchanges, and risks relating to the progress of the
Company's research and development and the development of competing
technologies by other companies. Those associated risks and others are
further described in the Company's filings with the Securities and
Exchange Commission, including the annual report on Form 10-KSB/A for
the period ended September 30, 1999 and the quarterly reports on Form
10-QSB for the periods ending December 31, 1999, March 31, 2000 and
June 30, 2000.
--30--jeh/ny* jc
CONTACT: Wall Street Newscast, Inc., New York
Tom Bustamante, 212/233-9303
tom@wallstreetnewscast.net
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
imo
There are three DD pieces, feel free to use them on edit if you'd like. I also own some others with DD links below:
SYCD-- http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SYCD&read=17776
CMIX-- http://www.ragingbull.altavista.com/mboard/boards.cgi?board=CMIX&read=263
SEQL-- http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SEQL&read=2
And some shells, TTXi and TGHI, and China-based XNET, which is a good stock, as well as SYMY.
imo
=== SCRO INFO ===
OTC-BB: SCRO
OS: 19.9M (Source: Market Guide)
Float: 3.4M (Source: Market Guide)
===============================================
SCORE ONE INC.
Blk. 2, Flat 6, 3rd Floor
Tak Fung Industrial Centre
Tsuen Wan, Hong Kong
Telephone: (818) 783-0054
Fax: (818) 783-1120
Advanced Technology International Holdings Ltd
Unit 2, 34/F, Cable TV Tower
9 Hoi Shing Road,
Tsuen Wan, Hong Kong
Telephone: (852) 24068978
Fax: (852) 24069252
E-mail: athld@aol.com
E-mail: fortpcb@netvigator.com
Website: http://www.globalsources.com/athl.co
Website: http://www.athl.com.cn
INVESTOR RELATIONS
Bernard Chan
Advanced Technology Holdings, Limited
Telephone: (011) 852-2521-5210
E-mail: bkchan@ctimail.com
OR
Sy Mitzner
Pace Communications Network Inc.
Telephone: (800) 791-5777
TRANSFER AGENT
Signature Stock Transfer Inc.
14675 Midway Road, Suite 221
Dallas TX 75244
Telephone: (972) 788-4193
Fax: (972) 788-4194
===============================================
SUMMARY
Score One, Inc. is the holding company of Advanced Technology International Holdings Limited (ATHI), which the Company acquired in March 2000. ATHI, through its wholly owned subsidiary, Fortune BVI, is engaged in the manufacturing and sale of printed circuit boards (PCB) for telecommunication systems, scientific calculators and audiovisual equipment. ATHI's primary customers are original equipment manufacturers. PCB's are the basic platforms used to interconnect electronic components and can be found in virtually all electronic products, including consumer electronics, computers and automotive, telecommunications, industrial, medical, military and aerospace equipment.
The company is certified at IS0 9002 level and manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester-based PCBs, principally for OEM manufacturers of brand-named consumer electronics companies such as Polaroid, Sharp, Canon, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products include hand-held organizers, scientific calculators, cameras and mobile phones. The majority of the company's customers are Hong Kong and Taiwan OEM manufacturers based in the People Republic of China (PRC).
===============================================
SEC FILINGS
EDGAR: Score One Inc.
http://www.sec.gov/cgi-bin/srch-edgar?0001090062
FreeEdgar: Score One Inc.
http://www.freeedgar.com/Search/FilingsResults.asp?CIK=0001090062
===============================================
GENERAL INFO
MarketGuide Snapshot: SCRO
http://www.marketguide.com/mgi/SNAP.asp?nss=www&rt=snap&rn=A24A9
MarketGuide Business Description: SCRO
http://www.marketguide.com/mgi/busidesc.asp?nss=www&rt=busidesc&rn=A24A9
Yahoo Profile: SCRO
http://biz.yahoo.com/p/s/scro.ob.html
Bloomberg: SCRO
http://quote.bloomberg.com/analytics/bquote.cgi?ticker=SCRO_US_2
DimGroup: SCRO
http://www.dimgroup.com/cgi-bin/simple2.cgi?symbol=SCRO
WallStreetCorner.com: SCRO
http://www.wallstreetcorner.com/ss2.html?Symbol=SCRO
The Stock Advocate: SCRO
http://www.thestockadvocate.com/score/scoreinf.htm
Stockcom International: SCRO
http://money.vmc3.com/
Chinese Investment Club: SCRO
http://www.chineseinvestmentclub.com/Listed_Co/English/aith_e.htm
===============================================
QUOTES, CHARTS & PRESS RELEASES
Yahoo Quote: SCRO
http://quote.yahoo.com/q?s=scro.ob&d=t
BigCharts: SCRO (1-Year Chart)
http://www.bigcharts.com/quickchart/quickchart.asp?symb=SCRO&freq=1&time=8
ClearStation Historical Data: SCRO
http://www.clearstation.com/cgi-bin/stock_price_enum?Symbol=SCRO
Sector of competitors charts:
http://finance.yahoo.com/q?s=slr+sci+cls+flex+jbl+arxx+scro.ob&d=1y
===============================================
Most Recent PR:
.09 mrq earnings, .15 ytd earnings(2 Q's), .20 previous year earnings.
LOS ANGELES, Jan 16, 2001 (BUSINESS WIRE) -- Score One (OTCBB:SCRO) announced
the filing of its Form 10-QSB with the Securities and Exchange Commission on
January 12, 2000, for the three-month period ended November 30, 2000.
For the three-month period ended November 30, 2000, net income increased 75% to
$1.7 million as compared to the same period ended November 1999, while gross
profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, president and
CEO of Score One, stated, "We attribute the Company's increase in net income and
gross profit margin to our successful entrance into higher profit margin PCB
markets, our providing of additional value-added services to our clients during
the last two quarters and lower production costs as a result of bulk purchases
of raw materials at comparatively lower prices." Mr. Ho added, "With the highly
anticipated entry of China into the World Trade Organization, we expect numerous
doors to open, which will enable us to capture an abundance of new and lucrative
business for many years to come."
The total earning per share of $.09 for the three-month period ended November
30, 2000, constitutes an extremely significant increase of 50% over the
previously reported $.06 for the same period ended November 30, 1999. During the
previous six-month reporting period ended November 30, 2000, shareholder equity
appreciated by 64% from $4.84 million to $7.95 million, corresponding to a $.156
appreciation in Book Value to $.40 in total.
Roy Ho added, "We continue to demonstrate our ability to report consecutive
periods of increasing profitability and our dedication to maximizing investment
returns and shareholders' value."
About Score One (SCRO): The company manufactures specific application printed
circuit boards (PCBs) including flexible double sided conductive carbon and
polyester based PCBs principally to OEM manufacturers of brand named consumer
electronics companies such as Sharp, Canon, Citizen, Sony and Hitachi, and are
certified at IS0 9002 level. The consumer electronics and telecommunication
products include, and are not limited to, hand-held organizers, scientific
calculators and mobile phones.
This press release should be read in conjunction with the 10-Q filed on Jan. 12,
on Freeedgar.
Forward-looking statements in this release are made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
company's products and technological changes, the company's dependence upon
third-party suppliers, intellectual property rights and other risks detailed
from time to time in the company's periodic reports filed with the Securities
and Exchange Commission.
Financials at www.sec.gov.
CONTACT: Bordwell Financial Group
Angela Bordwell, 805/579-1712
abordy01@yahoo.com
imo
================ AccessTel Inc. (SHPS) DD ===================
Headquarters
AccessTel USA
5201 Great America Parkway, Suite # 320
San Jose, CA
408/216-4756
AccessTel China
COAHEJING Tower
Shanghai
27,179,760 Total Current Shares Outstanding
4.26M Shares in the Float(more than 80% of which is held by LONGS)
There is an additional ~13M in fully diluted, counting options, and an there will also be PP shares at ~$2.50, as per their business plan. The three principles own ~20M shares.
Authorized: 100M Common, 20M Preferred (none currently O/S)
Transfer Agent: Atlas Transfer, SLC, Utah
SEC filings:
http://www.edgar-online.com/bin/esearch/default.asp?QT=0&query=amci+int&date=1994&x=18&y=4
About AccessTel Inc.
AccessTel was founded in February 1999 by Dr. William C.Y. Lee, a wireless communications expert; Lawrence Liang, a high-tech company executive; and Stuart Bockler, a renowned equity analyst.
AccessTel, through joint ventures and acquisitions, is poised to begin providing communication services over a ``Wireless and Wired Broadband Network,' initially in China and the Western United States, from its base in San Jose, Calif.
The network includes wireless local loop (WLL) services that will provide quick deployment of phone, fax, high-speed data, video and fixed ISP connection. The network's telecommunication service offers both wholesale and retail international telephony, while maintaining an infrastructure for Voice over Internet Protocol (VoIP) with strategic partners.
In addition to deploying the latest broadband wireless strategies and telecom solutions, AccessTel plans to develop 2.5 and 3G Wireless Appliance Technologies, in its own laboratory, under the guidance of Lee.
The business plan of AccessTel has attracted global strategic alliances to help achieve its broadband communication network in a timely and effective manner.
AccessTel Inc Website:
http://www.accesstelinc.net/index_files/frame.htm
AccessTel Inc Business Plan:
http://www.accesstelinc.net/busplan.htm
PR HEADLINES FOR AccessTel Inc. (SHPS)
http://www.newsalert.com/bin/headline?Query=SHPS&SearchOption=ticker
1-25 Tom Patton Joins AccessTel Inc./Shopss.com, Inc. as Chief Operating Officer. (BW)
1-24 Shopss.com Files Information Statement Regarding Its Name Change To ``AccessTel, Inc.'(BW)
12-21 AccessTel Inc. Receives Approval for China's first ``Digital High Tech Park' by the First Deputy Mayor of Shanghai (BW)
11-22 AccessTel China Inc. Qualifies for Favorable Tax Status in China (BW)
11-14 AccessTel Inc., schedules AT&T Conference Call (BW)
Edited Transcript of the CC
http://www.investorshub.com/beta/read_msg.asp?message_id=24186
11-07 Merger of Shopss.com and AccessTel Approved by AccessTel Board of Directors (BW)
08-04 Shopss.com Board of Director Approves Acquisition of AccessTel (BW)
07-20 SHOPSS.Com Announces Executive Summary and Business Strategy for Access Tel Inc.(BW)
06-12 SHOPSS.Com Signs Letter of Intent to Acquire AccessTel; Change in Business Focus to Telecommunications (BW)
There are reports that they have major alliances with nasdaq companies and other big hitters through JV, and acq's to soon announce. Funding and application to AMEX also said to be planned to occur shortly, following a name and symbol change.
Wireless Local Loop (WLL)
AccessTel is deploying an infrastructure for WLL in China with recently announced contracts:
CONTRACT WITH HAPLINK
100% owned subsidiary, AccessTel (China) Inc. has signed a contract with the Shanghai Haplink Information System Co. Ltd. with regard to the development of the Chinese market and the implementation of broadband wireless access technical solutions.
http://www.bigcharts.com/news/articles.asp?newsid=709983050&symb=SHPS&sid=171065
CONTRACT WITH CAOHEJING
Access Tel Inc., has signed a contract with the Shanghai CAOHEJING High Tech Park in Shanghai, China to install and operate a wireless broadband network for its facility.
"This represents a significant opportunity for Access Tel Inc. to deploy the latest broadband wireless strategies and solutions through joint venture," stated Lawrence Liang, president and CEO.
"Due to the high costs of installation and the disruption of metropolitan real estate related to fiber optic cable, broadband wireless solutions become the clear leader in providing quick deployment of phone, fax, high-speed data, video and fixed ISP connection."
AccessTel Inc.'s contract with the CAOHEJING High Tech Park in Shanghai, China is to establish wireless broadband network systems to provide Broadband Wireless Internet Services for the High Tech Park. The High Tech Park covers an area of more than 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned; Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE and Toshiba etc. with a contracted investment of $1.5 billion US.
"We have received the full cooperation from the local government of Shanghai for the rapid deployment of Wireless Digital Services from our new offices in the COAHEJING Tower in Shanghai", stated Lawrence Liang, president and CEO of AccessTel Inc.
"I am very pleased that Dr. Lee will be actively involved in the architecture and design of the broadband wireless Internet services we deploy in the High Tech Park. Over the next 3-5 years, the value of the COAHEJING Digital Project is estimated at $100 million or more in US dollars."
"AccessTel Inc. has broadband wireless Internet technologies and market share. I am looking forward to assisting the implementation of this technology in China and in the development of China's first digital High Tech Park," stated Dr. William C.Y. Lee upon returning from China after completing the initial deployment plan for the COAHEJING Digital Project with AccessTel Inc.'s management team.
JAN 25th, UPDATE:
AccessTel Inc. has purchased the phase one equipment for the COAHEJING High Tech Park and is currently testing and calibrating the equipment in the US, prior to its scheduled February 2001 installation in Shanghai, China.
Tom Patton, COO of the Company, stated, ``AccessTel Inc./Shopss.com is poised to be a key player in the broadband wireless industry and I am delighted to have the opportunity, to work closely with Lawrence Liang and Dr. William C.Y. Lee as we begin AccessTel Inc.'s wireless deployment in China and other countries throughout the world.'
CONTRACT WITH FANGYUAN
Also, a letter of intent of cooperation regarding wireless meter-reading systems in China has been signed between Access Tel and Shanghai Fangyuan Network Technology Co. Ltd.
Voice over Internet Protocol (VoIP)
Their CLEC target for acq., Well Communication Inc. and STS Communications, Inc., with their VoIP offerings, having VPN systems with gateways equipped with Bandwidth-on-Demand to send voice/fax/data and video simultaneously becomes a revenue stream very quickly. They have a 10-10-653 (ole) number for delivering international telecom services. Upon completion of the Well Communications, Inc. (USA) acquisition, the combined assets of AccessTel will be over $4 million US.
These are comparable stocks with AccessTel ‘s VoIP offering, with ~20M O/S, and under 10M annual revenue (AccessTel with their 3G research and Wireless services exceed these companies offerings):
http://finance.yahoo.com/q?s=GRIC+NSPK&d=1y
Well Communications, Inc. currently leases cable to China from San Francisco through MCI WorldComm. Well Communications, Inc. has negotiating carrier agreements with other CLECs that have Points of Presence (POPs) in the US, Europe, Russia, Latin America and other countries. These agreements will provide the Company with additional origination traffic into China.
Through strategic alliances, AccessTel holds the licenses and local permits from the Central Government and Municipal Governments in the three major cities of Shanghai, Chongqing and Beijing to carry and terminate voice, data, video, fax and Internet connection.
3G Wireless Research
One of their founders, Dr. Lee, who's considered the "Father of Wireless" (look at Lee's background in the links below), will be heading up their 3G research activities:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SHPS&read=12860
http://www.digevent.com/spe_interest/communications/cdg_feb/bios/bios_william_lee.shtml
http://www.iis.sinica.edu.tw/~pimrc96/HTML/opening1.html http://www.iis.sinica.edu.tw/pimrc96/HTML/opening1.html
A summary of potential future AccessTel 3G projects:
* Dr. Lee is the author of multiple books regarding wireless technologies, particularly CDMA, TDMA, GSM, DSS1800, PCS, and CDPD.
* His new book, Lee's Essentials of Wireless Communications, has just been released by McGraw-Hill in 2000.
* Dr. Lee has received twenty-seven U.S. patents, with five additional patents pending.
* Dr. Lee is a pioneer of CDMA Wireless technology and is the author of more than 18 patents in wireless technology.
* The company also intends to develop 3G CDMA Wireless Global Roaming Technologies.
* To increase R & D efforts for the development of new products in VolP and WLL solutions and 3G CDMA Roaming.
* Our founder group possess several patent pending technologies in the area of Global ROAMING by using SMART CARDS technology.
* We believe that the company's solution will revolutionize the cellular industry by allowing cellular phones (GSM, AMP, CDMA...etc.) with different protocols to interconnect worldwide.
Revenues
Here's a post about their revenue stream:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SHPS&read=1112
In the year 2000, AccessTel's VoIP Gateways Division expects to achieve revenues of $5.5 million with earnings of $1.2 million. Projected revenues for 2001 for VoIP and wireless divisions are $38 million and an earnings of $11 million. In addition AccessTel's Utility Monitoring Division could potentially contribute additional overall revenue of over $30 million with estimated earnings of over $8 million for year 2001.
Over the next 3-5 years, the value of the COAHEJING Digital Project is estimated at $100 million or more in US dollars.
"This is a significant opportunity for AccessTel Inc. to immediately deploy broadband wireless services in Shanghai and ramp up revenue quickly," stated Stuart Bockler, CFO of AccessTel Inc. "We look forward to connecting with our Hayward, Calif. Voice Over IP (VoIP) gateway to provide additional Data and international communication services. Revenue is expected to flow from Consulting Services, Equipment Lease Services, Billing Services, ISP & Communication Service Fee's as well as future Wireless Appliances development, manufacture, and sales in China and abroad."
Executive Summary
AccessTel Inc., founded 1999
Dr. William C.Y. Lee - A founding shareholder and chief technology adviser to the board of Access Tel, is the former chief technology officer for Airtouch Communications, recently acquired by Vodaphone. He has more than 35 years of wireless telecommunications experience and is a member of several wireless standards committees in the United States and Asia. Lee is the author of multiple books regarding wireless technologies, particularly CDMA, TDMA, GSM, DSS1800, PCS and CDPD. He was chairman of the Third Generation World Wireless Conference, hosted in New Orleans earlier this year. Lee will continue to advise the company on a consultant basis and will provide Access Tel with its strategic direction. Lee will assist with the establishment and direction of a 3G Wireless Lab for the company in 2001.
Lawrence Liang - A founding shareholder, president and chief executive officer, has more than 30 years of seasoned management experience in high-tech companies such as IBM, Genoa Systems and Cogito Systems. From 1995 until the present, he was president of Telecom Marketing, a consulting company assisting Silicon Valley high-tech companies in the development of marketing strategies and sales channels. His other successes include the development of SuperEGA, SuperVGA and Flicker Free SuperVGA graphics controllers.
Stuart Bockler - A founding shareholder and chief financial officer, is recognized as one of the ``Top Technology Analysts on Wall Street.' He has commented and reported investment analysis of more than 1,000 companies in print and has been a guest analyst on more than 200 shows of CNN, CNBC and Bloomberg TV. He is president of International Market Advisors, which deploys information to Nelsons Institutional Research Catalog, Bloomberg, First Call and Multex Institutional Research, and has written articles for The Internet Analyst. Bockler was one of the first analysts to recognize the investment potential of Qualcomm as well as many other companies.
Tom Patton - Chief Operating Officer - Mr. Patton, a leading Wireless Engineer and IT Architect, will oversee the Company's operations throughout the world, including the implementation of the Company's wireless technology deployment in Shanghai, China. He has over twenty years of vast and extensive experience in the field of wireless and telecom infrastructure. He is credited with re-engineering several global networks for a variety of major international companies, including Flour Daniel, Bechtel, and Morrison Knudsen. Mr. Patton has also completed a series of similar projects throughout the world for the U.S. Government. As Chief Technology Officer for Acquess Technologies of Santa Ana -http://www.qbenet.com/companyPressReleases.htm -, California., Mr. Patton spearheaded the development of the revolutionary Personal Computing Tablet(tm). This product won the "Best of Show" at COMDEX - Nov 1999 (beating out entries from both Sony and Hewlett Packard). Mr. Patton has also recently assisted the deployment of MMDS and Satellite broadband systems in Southern California, Mexico and Taiwan.
Oran T. Chang Founder and Vice President has initiated a joint venture to promote the 10-10-653 number nationwide. President of STS Communications, Inc. has initiated a joint venture to promote the 10-10-653 number nationwide. STS has installed two international private lines from San Francisco, U.S.A. to China and a DS3 local loop between Hayward - San Francisco -Wilshire Bld, Los Angeles Ca. on the West Coast Fiber Optic Network. Mr. Chang is a graduate of Syracuse University and brings an in-depth knowledge of IP Telephony, Satellite Technology and special relationships with Chinese Telecom Companies as well as local government officials in China.
Arthur Zheng Founder and Vice President - China Operations. Vice President - Director (1997 - Present), Well Communications, Inc. Mountain View Ca. joins AccessTel Inc., as Managing Director, China Operations. Arthur Zheng has successfully negotiated Joint Venture Alliances with local Chinese Telecommunication companies with the appropriate Licenses and Permits from the Central, Provincial and Local Governments of China to deploy wireless local loop technology in three cities in China. From 1993-1997 Mr. Zheng was President of Primax International Group of Los Altos, Ca. an International trading company for Computer and Technology solutions for International Communications. From 1985 - 1993 Mr. Zheng was President of China Computer Trading Corp. Russian Branch an exporter of computer and telecommunications technology to Russia from China. Arthur Zheng Graduated from Beijing QingHua University with a degree in Electrical and Industrial Design. Well Communications, Inc. has signed Telecommunications services agreements with iBasis (Recent IPO $24-$94.25), MCI WorldCom, Innosys Communications Inc. and Swisscom North America.
Sharon Chen MBA, Vice President Finance and Marketing
More About Dr. William C.Y. Lee
Dr. William C.Y. Lee is regarded as a leading authority in the world of wireless communications, specifically for his enormous contributions in developing commercially viable analog and CDMA technology. Dr. William C.Y. Lee is Chairman of the board of LinkAir, a technology research and development firm, whose LAS-CDMA technology is positioned to revolutionize the wireless industry by enabling voice and data services that will rival the quality offered today by high speed landline connections.
Dr. William C.Y. Lee joined AccessTel Inc. as an original founding shareholder from Vodafone Airtouch, the world's largest mobile telecommunications company and helped guide the company's strategy since its inception. With more than 35 years wireless experience and more than 25 US patents -- with 11 more pending -- Dr. William C.Y. Lee is an expert in developing marketable communications technologies.
Dr. William C.Y. Lee spent 15 years as one of the pioneers in developing the advanced wireless technology-AMPS-for Bell Labs. He also headed the advanced mobile communications system for the ITT Defense Communications Division system in 1990 that increased radio capacity by 2.5 times over the conventional microcell model.
During his illustrious career, Dr. William C.Y. Lee has published more than 200 articles and several books on CDMA theory and technology. He also has been elected as an IEEE Fellow and has served as a member of numerous councils, including the California State Council on Science and Technology, the US Council on Competitiveness and the FCC Technical Advisory Council. He has earned many prestigious awards, including the IEEE VTS Avant Garde Award, the CTIA Award, the CDMA Industry Achievement Award, the SATEC Award, a Bell Lab Service Award and, most recently, the IEEE Third Millennium Medal Award.
Dr. Lee was recently named as the Chairman of the Board to LinkAir, whose ties with AccessTel were alluded to in the CC (see transcript above):
Dr. Lee named Chairman of the board to LinkAir Communications
<http://www.linkair.com/press_room/press_releases_091100.html>
LinkAir Communications San Jose, CA & Beijing, China
http://www.linkair.com
LinkAir is developing LAS-CDMA. A 3G technology, LAS-CDMA enables high-speed data and increases voice capacity up to 20x that of current 2G technologies.
Summary
AccessTel, with Bockler’s institutional brokerage ties, founded in Silicon Valley, with Liang and Lee's Asian Chinese and Asian ties (Dr. Lee assisted and supported the pursuit of Qualcomm's CDMA for cellular systems, http://www.investorshub.com/beta/read_msg.asp?message_id=25513 which he also introduced to Korea), and their ties with the wireless/computing industry, are all significant assets toward AccessTel acheiving a solid business formation, very huge potential indeed.
It can happen with AccessTel too:
http://finance.yahoo.com/q?s=SUNW&d=my&c=qcom
============================================================
imo
CHOD is a LT buy and hold. Not really flippable unless you can buy at bid/sell at ask. Here is some DD on it (btw, Giants!).
CHOD
http://www.castleholding.com
A holding company which facilitates E-Commerce and presently conducts substantially all of its business through three subsidiaries:
1: Castle Securities Corp.
http://www.castlesecurities.com/
http://www.castleonline.com/web/index.asp
Online Day Trading to be experienced.
http://www.castleipo.com/
Created to electronically offer eligible investors the opportunity to participate in initial public offerings ("IPO's") of securities and to offer issuers digital solutions for capital raising.
2: Citadel Securities Corp.
http://www.citadelsecurities.com
Makes markets in NASDAQ, OTC Bulletin Board, has no retail customers, and conducts business exclusively with other broker-dealers.
3: Cyber Holdings Corp.
http://www.cybervillecity.com
Cyber Holding Corp.com, an Internet E-commerce facilitator utilizing various domain names to attract traffic.
Further Information
Corporate Profile:
http://biz.yahoo.com/p/c/chod.ob.html
One Year Chart:
http://www.pinksheets.com/quote/chart.jsp?symbol=CHOD&duration=2-6-2-0-0-3C
Contact:
Mitch Menik
516/868-2000
ff@castleonline.com
Recent News:
WOW, CHOD just added .11 to their earnings, .15 for the 2000 year ending.
(PR NEWSWIRE) Castle Holding Corp. Announces Substantial Increase In Stockhol
Castle Holding Corp. Announces Substantial Increase In Stockholder's Equity
FREEPORT, N.Y., Jan. 19 /PRNewswire/ -- Castle Holding Corp.
(OTC Bulletin Board: CHOD) today announced that in connection with the
settlement of a class action claim against certain Nasdaq market makers in
December 2000, the Company's wholly owned subsidiary Castle Securities Corp.
received $ 581,674 on January 9, 2001 in settlement of certain of its past
principal transactions and $ 528,132 on January 16, 2001 in fees for assisting
in the processing of certain customer claims.
After deducting related expenses and income taxes, the Company estimates
net income from the settlement at approximately $750,000, or $.11 per share.
This income will be reflected in the Registrant's Form 10-QSB for the
quarterly period ended December 31, 2000.
After reflecting the estimated net income from the settlement and the
estimated loss from other operations in the three months ended December 31,
2000, the Registrant estimates stockholders' equity at December 31, 2000 at
approximately $ 1,050,000, or $ .15 per share.
George Hebert, President, commented, "I am pleased to say that the
additional capital will allow us to develop a more aggressive posture, while
avoiding shareholder dilution."
Castle Holding Corp. (OTC Bulleting Board: CHOD) presently conducts
substantially all of its business through two subsidiaries, Castle Securities
Corp. and Citadel Securities Corp. Castle Securities was incorporated in New
York on December 7, 1984 and operates as a broker-dealer in securities. Its
businesses include the underwriting and brokerage of fixed income and equity
securities. Citadel Securities was incorporated in New York on April 11, 1991
and also operates as a broker-dealer in securities. Citadel Securities makes
markets in NASDAQ, OTC Bulletin Board and "Pink Sheets" securities, has no
retail customers, and conducts business exclusively with other broker-dealers.
Newly formed Cyber Holdings Corp.com has two subsidiaries, Cyberville City,
Inc. and Long Island Web TV.com Corp, operating web sites and offering
advertising and production packages to business customers.
Private Securities Litigation Reform Act (Safe Harbor) -- Except for
historical information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties which are described in the Company's SEC reports, including the
annual report on Form 10-KSB for the period ended September 30, 2000. Please
visit http://www.castleholding.com. For more information and to download a
demo of the JavaTrader 2000, log on to http://www.castleonline.com. All
offerings sold by prospectus only. Offerings are not available to residents
of all states.
A brief note on the Companies future prospects by a shareholder:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=CHOD&read=1243
Other Recent News:
http://www.newsalert.com/bin/headline?Query=CHOD&SearchOption=ticker
imo
Tom Patton Joins AccessTel Inc./Shopss.com, Inc. as Chief Operating Officer.
LOS ANGELES--(BUSINESS WIRE)--Jan. 25, 2001--AccessTel Inc./Shopss.com (OTCBB:SHPS - news) is proud to announce that Tom Patton has accepted the position of Chief Operating Officer of the Company. Mr. Patton, a leading Wireless Engineer and IT Architect, will oversee the Company's operations throughout the world, including the implementation of the Company's wireless technology deployment in Shanghai, China.
Tom Patton has over twenty years of vast and extensive experience in the field of wireless and telecom infrastructure. He is credited with re-engineering several global networks for a variety of major international companies, including Flour Daniel, Bechtel, and Morrison Knudsen. Mr. Patton has also completed a series of similar projects throughout the world for the U.S. Government. As Chief Technology Officer for Aquess Technologies of Santa Ana, California., Mr. Patton spearheaded the development of the revolutionary Personal Computing Tablet(tm). This product won the ``Best of Show'' at COMDEX - Nov 1999 (beating out entries from both Sony and Hewlett Packard). Mr. Patton has also recently assisted the deployment of MMDS and Satellite broadband systems in Southern California, Mexico and Taiwan.
Lawrence Liang, president and CEO of AccessTel Inc./Shopss.com, stated, ``We are extremely excited by Tom's decision to join the Company and believe that he will play a crucial role in our reaching the pinnacle of success.'' Mr. Liang added, ``Tom is the perfect addition to our technical team as we begin our first deployment in Shanghai, China at the COAHEJING High Tech Park and our expansion in China and the rest of the world''.
AccessTel Inc. has purchased the phase one equipment for the COAHEJING High Tech Park and is currently testing and calibrating the equipment in the US, prior to its scheduled February 2001 installation in Shanghai, China.
Tom Patton, COO of the Company, stated, ``AccessTel Inc./Shopss.com is poised to be a key player in the broadband wireless industry and I am delighted to have the opportunity, to work closely with Lawrence Liang and Dr. William C.Y. Lee as we begin AccessTel Inc.'s wireless deployment in China and other countries throughout the world.''
Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.
Company Website: http://www.accesstelinc.net
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel, Inc.
Stuart Bockler, 408/216-4756 or 732/591-0520
or
Pace Communications Network
Sy Mitzner, 800/791-5777
imo
Hey Van, there's your PR out about the name change. Looks like thought the flippers are out on the news... and the increase in authorized shares is always good basher material, nevermind that a RM was just completed, and PP's are going to follow, anyway, I look forward to getting rid of SHPS, I perdict by the 12th of Feb., we shall be.
What would you wish to see next sir?
imo
>The Company anticipates that the Name Amendment and Authorized Shares Amendment will become effective on or about Feb. 15, 2001.
It takes up to 20 days after they've filed for the changes to occur. Anyone else hear any possible names besides AXTL? I also heard ATEL, but this has already been in use not to many years earlier, by a company that was bought out/acquired.... maybe ACTL... usually, the company submits a few alternatives, but the NASD has the final say.
imo
CHOD added .11 to their last years earnings, 15 for the year, not bad for a .25 cent stock!
CHOD, .15 earnings last year, .18/.25
DD link:
http://www.investorshub.com/beta/board.asp?board_id=224
imo
WOW, CHOD just added .11 to their earnings, yahoo!
(PR NEWSWIRE) Castle Holding Corp. Announces Substantial Increase In Stockhol
Castle Holding Corp. Announces Substantial Increase In Stockholder's Equity
FREEPORT, N.Y., Jan. 19 /PRNewswire/ -- Castle Holding Corp.
(OTC Bulletin Board: CHOD) today announced that in connection with the
settlement of a class action claim against certain Nasdaq market makers in
December 2000, the Company's wholly owned subsidiary Castle Securities Corp.
received $ 581,674 on January 9, 2001 in settlement of certain of its past
principal transactions and $ 528,132 on January 16, 2001 in fees for assisting
in the processing of certain customer claims.
After deducting related expenses and income taxes, the Company estimates
net income from the settlement at approximately $750,000, or $.11 per share.
This income will be reflected in the Registrant's Form 10-QSB for the
quarterly period ended December 31, 2000.
After reflecting the estimated net income from the settlement and the
estimated loss from other operations in the three months ended December 31,
2000, the Registrant estimates stockholders' equity at December 31, 2000 at
approximately $ 1,050,000, or $ .15 per share.
George Hebert, President, commented, "I am pleased to say that the
additional capital will allow us to develop a more aggressive posture, while
avoiding shareholder dilution."
Castle Holding Corp. (OTC Bulleting Board: CHOD) presently conducts
substantially all of its business through two subsidiaries, Castle Securities
Corp. and Citadel Securities Corp. Castle Securities was incorporated in New
York on December 7, 1984 and operates as a broker-dealer in securities. Its
businesses include the underwriting and brokerage of fixed income and equity
securities. Citadel Securities was incorporated in New York on April 11, 1991
and also operates as a broker-dealer in securities. Citadel Securities makes
markets in NASDAQ, OTC Bulletin Board and "Pink Sheets" securities, has no
retail customers, and conducts business exclusively with other broker-dealers.
Newly formed Cyber Holdings Corp.com has two subsidiaries, Cyberville City,
Inc. and Long Island Web TV.com Corp, operating web sites and offering
advertising and production packages to business customers.
Private Securities Litigation Reform Act (Safe Harbor) -- Except for
historical information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties which are described in the Company's SEC reports, including the
annual report on Form 10-KSB for the period ended September 30, 2000. Please
visit http://www.castleholding.com. For more information and to download a
demo of the JavaTrader 2000, log on to http://www.castleonline.com. All
offerings sold by prospectus only. Offerings are not available to residents
of all states.
SOURCE Castle Holding Corp.
-0- 01/19/2001
/CONTACT: Mitchell G. Menik, Director of Investor - Public Relations of
Castle Holding Corp., 516-868-2000, or 516-379-0400, or mm@castleholding.com/
/Web site: http://www.castleonline.com
http://castleholding.com/
(CHOD)
CO: Castle Holding Corp.; Castle Securities Corp.; Citadel Securities Corp.
ST: New York
IN: FIN
SU:
*** end of story ***
imo
Great news, their relationship with SYCD continues to grow.
imo
This line in today's PR:
The accrual is merely an accounting adjustment required by generally accepted accounting principles.
wham bamm damn!
Yes Sir, thank you sir,
would you have another,
accural?
imo
I made a post a few back about the timing of the name change. Hve heard reports from a number of folks that news is imminent.
imo
SHPS uptrending, getting some volume too, just needs some PR's and new investors to start to rumble.
imo
GCHC -- Greater China Corp. (DE)
Com (2 Cents)
Dividends: None
State of Incorporation: DE
Company Notes:
Formerly=Brighton Information Systems Corp. until 11-95
Note=7-99 charter forfeited by Secretary of State of the State of Delaware for nonpayment of franchise taxes & failure to maintain a registered agent in the State of Delaware.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=gchc
imo
Five picks with DD:
SCRO-- earnings of .16 after 2 quarters, under $1:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4546
http://www.otcbbnn.com/news163.htm
SHPS-- China RM of wireless/3G, with Dr. Lee & speculation of alliances with LinkAir and Qualcomm:
http://www.investorshub.com/beta/board.asp?board_id=117
CMIX-- Could be a big momentum play coming off the pinks, moving up strong from insider buying:
http://www.investorshub.com/beta/board.asp?board_id=199
SYCD-- Could be an easy double, given alliance with CMIX's CEO, stated in recent PR's:
http://www.newsalert.com/bin/headline?Query=sycd&SearchOption=ticker
TGHI-- .02/.05 just 30M O/S, and possible share cancellation and pending relstment to the OTCBB:
http://www.investorshub.com/beta/board.asp?board_id=222
imo
Five picks with DD:
SCRO-- earnings of .16 after 2 quarters, under $1:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4546
http://www.otcbbnn.com/news163.htm
SHPS-- China RM of wireless/3G, with Dr. Lee & speculation of alliances with LinkAir and Qualcomm:
http://www.investorshub.com/beta/board.asp?board_id=117
CMIX-- Could be a big momo play coming off the pinks, moving up strong from insider buying:
http://www.investorshub.com/beta/board.asp?board_id=199
SYCD-- Could be an easy double, given alliance with CMIX's CEO, stated in recent PR's:
http://www.newsalert.com/bin/headline?Query=sycd&SearchOption=ticker
TGHI-- .02/.05 just 30M O/S, and possible share cancellation and pending relstment to the OTCBB:
http://www.investorshub.com/beta/board.asp?board_id=222
imo
CMIX now at $1, is beginning to get noticed, will be a huge momo play soon I think.
imo
LOS ANGELES, Jan 16, 2001 (BUSINESS WIRE) -- Score One (OTCBB:SCRO) announced
the filing of its Form 10-QSB with the Securities and Exchange Commission on
January 12, 2000, for the three-month period ended November 30, 2000.
For the three-month period ended November 30, 2000, net income increased 75% to
$1.7 million as compared to the same period ended November 1999, while gross
profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, president and
CEO of Score One, stated, "We attribute the Company's increase in net income and
gross profit margin to our successful entrance into higher profit margin PCB
markets, our providing of additional value-added services to our clients during
the last two quarters and lower production costs as a result of bulk purchases
of raw materials at comparatively lower prices." Mr. Ho added, "With the highly
anticipated entry of China into the World Trade Organization, we expect numerous
doors to open, which will enable us to capture an abundance of new and lucrative
business for many years to come."
The total earning per share of $.09 for the three-month period ended November
30, 2000, constitutes an extremely significant increase of 50% over the
previously reported $.06 for the same period ended November 30, 1999. During the
previous six-month reporting period ended November 30, 2000, shareholder equity
appreciated by 64% from $4.84 million to $7.95 million, corresponding to a $.156
appreciation in Book Value to $.40 in total.
Roy Ho added, "We continue to demonstrate our ability to report consecutive
periods of increasing profitability and our dedication to maximizing investment
returns and shareholders' value."
About Score One (SCRO): The company manufactures specific application printed
circuit boards (PCBs) including flexible double sided conductive carbon and
polyester based PCBs principally to OEM manufacturers of brand named consumer
electronics companies such as Sharp, Canon, Citizen, Sony and Hitachi, and are
certified at IS0 9002 level. The consumer electronics and telecommunication
products include, and are not limited to, hand-held organizers, scientific
calculators and mobile phones.
This press release should be read in conjunction with the 10-Q filed on Jan. 12,
on Freeedgar.
Forward-looking statements in this release are made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
company's products and technological changes, the company's dependence upon
third-party suppliers, intellectual property rights and other risks detailed
from time to time in the company's periodic reports filed with the Securities
and Exchange Commission.
Financials at www.sec.gov.
CONTACT: Bordwell Financial Group
Angela Bordwell, 805/579-1712
abordy01@yahoo.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
EARNINGS
*** end of story ***
imo
GLOBAL OUTLOOK 2001: US corporate downgrades set record in 2000, further declines expected:
http://www.moodys.com/cust/loadHighLight.asp?documentID=1500500000000702&original=1
imo
Maybe enough shares in this to look at starting to in and out it again, probably with the same parameters, anything around .08 or lower being a good buy.
imo
Time wise, looks to me like they are performing:
Over the next few weeks and months, I think you'll get a more and more clear picture of how quickly we can grow.
This, "over the next few weeks and months," is the characteristic timeframe given throughout the CC.
So, I'd give it a 2-3 month window max for that picture to become clear, meaning, since the CC was on Nov. 23rd, it'd be Jan 23rd - feb 23rd for the outside framework within which one should expect reasonable followthrough on seeing what we own.
AccessTel will grow very quickly over the next few quarters and years, we are interested in increasing shareholder value. It will be a company that we can all be proud of. Over the next few weeks and months, I think you'll get a more and more clear picture of how quickly we can grow.
This is written Nov 23rd. I think the bashers and flippers over at RB have gotten an upper hand on making the timeframe that they wish AccessTel to have, not letting the reality of what was said to dictate the picture. There is a lot of promise here, but short-term profiteering shouldn't obscure that there is a commitment to things unfoling along the time frame alongside which the management stated, not according to the shareholders wishes.
By the first quarter of 2001, we expect to be operational on testing our Broadband technology in Shanghai.
There is a commitment to a timeframe. We will get the 4th Q results for SHPS, Dec ending around the middle of Feb. So, we can see on their 1st Quarter 10Q released in mid May to see how they followed through. That will be the 1st 10Q for AccessTel that matters.
imo
Was looking at BP today, didn't you have one of their calls listed here?
http://finance.yahoo.com/q?s=BP&d=1y
Looks pretty strong to me for a break out, one to put on watch for any possible Middle East problems with oil.
imo
I hope you get ALOT MORE happier sometime soon!
imo
This is a great bullish read......
Top Market Timer Says, NASDAQ 5000 This Year
An InvestorLinks Exclusive Report
From the InvestorLinks.com News Desk
By: Peter Santini, January 11, 2001
Like a hot knife through butter, the NASDAQ should go through 5000 this year. That's what Don Wolanchuk says and he's one of Market Timer Digest's Top Market Timers, having won 17 annual timing awards since 1989. Some of his greatest timing calls were widely ignored by the investment community. Wolanchuk forecast the bull market rally following the 1987 crash and called for a DJIA above 10,000. When NASDAQ traded at 1800, he forecast a NASDAQ 5000. In 1999, at the bottom of the oil market, Wolanchuk called for $30/barrel oil. He was Market Timer of the Year in 1995, 1996, 1997 and 1999.
In the interview below, Wolanchuk calls for a "fast and furious" return to NASDAQ 5000. But, that's only the first level. He's calling for a NASDAQ 10,000 on its way "towards 20,000." He forecasts Intel (INTC, Chart, Boards) reaching as high as $75/share, Microsoft (MSFT, Chart, Boards) returning to $112/share, AT&T (T, Chart, Boards) reaching $60/share, and Procter and Gamble (PG, Chart, Boards) at $118/share.
Wolanchuk uses numerous historical comparisons in describing the current market conditions and helping explain why sentiment is as it is. In explaining why we should anticipate a major rally in the financial markets, he offers various technical measures, such as the VIX Index, the ARMS Index and the Advance/Decline lines. This may be the most important interview you will read this year.
Investors and curiosity seekers may wish to visit Don Wolanchuk's website for additional information about his market timing techniques at www.wolanchuk.com
INVESTORLINKS: How do you currently feel about the condition of the markets?
WOLANCHUK: When it becomes hopeless to everybody, which it appears to be now… In fact a few weeks ago, with the American Association of Individual Investors, you saw 51 percent bears and about 30 percent bulls. That's a flight. And rather amazing because the DOW is basically where it was a year, year and a half ago. NASDAQ the same way. The market's taken a time out with the DOW about 10,000. The same thing happened in 1991 - went side ways, drove everybody crazy. It's taken a great breather. Interestingly, we get all the bluebirds out and you've heard the words "crash" and "bubble" and every other thing from these bears.
INVESTORLINKS: The word "recession" has been mentioned more than a few times recently.
WOLANCHUK: Yes. After the crash of 1987, we had a recession and the market went straight up. Recession, fear of the stock market, everybody moving into money market funds and talk of bear markets is what bottoms are made out of. Proof of that is in the technical picture. While this has been going on, the base 52-week new highs have been steadily climbing for a year now - the stocks making new 52-week highs. Last week, there were over six hundred. The weekly Advance/Decline line just keeps climbing and climbing and climbing. Technically, we've got a fabulous situation in the moving averages of put/call ratios. We've got numbers that we haven't seen in years. We've got an ARMS index in the moving average - the last time that I saw 130. I can't remember seeing a ten day ARMS at 130. Even while the DOW has been going up here, recently, the five-day trend has been staying above eight hundred. That's incredible! The DOW, where is it? It's over 1000 out of the October low. In the mean time, we've got everybody being chased out of the stock market. It's absolutely a fabulous situation.
INVESTORLINKS: Is it fabulous enough that it's time for investors to rush back in?
WOLANCHUK: They're not going to do it no matter what I say. If I tell them to jump in here with both feet, they're not going to listen to me - just like they didn't listen to me after the crash of 1987.
INVESTORLINKS: For those that do listen to you, what should they expect?
WOLANCHUK: Every time that we have this situation, the stocks are served up on silver platter. The interesting thing is the wipeout in a lot of NASDAQ stocks is typical of an industry that attracted a lot of people - the Internet business. A horde of people went in there for fast and easy money. A lot of these companies, of course, are not going to make it and you had the initial shake out. You had all these troubles with financings that turned into death spirals.
INVESTORLINKS: Where do you see the NASDAQ heading?
WOLANCHUK: When the NASDAQ was at 1800, I said it was going to 5000. It's a perfect correction. I haven't seen anything in the wave structure to negate my idea that it's going to head - the potential is that the NASDAQ is going to start flying up past 10,000 towards 20,000.
INVESTORLINKS: The NASDAQ?
WOLANCHUK: Yes, the NASDAQ. "Is anybody, who was on margin and who got wiped out, going to go near the margin department for probably months or years? Of course not."
INVESTORLINKS: From where to where?
WOLANCHUK: Past 5000 and a clean shot through 10,000 on it's way to 20,000.
INVESTORLINKS: You're going on record that the NASDAQ is going to 20,000.
WOLANCHUK: It's going to go beyond that eventually. There's going to be a lot of washouts in between. This is the best washout.
INVESTORLINKS: Do you think we're ever going to see an opportunity like this again?
WOLANCHUK: Just like we never saw an opportunity when it made it's low in 1998. Here we have a situation where everybody got notoriously bullish in the NASDAQ. The problem there was they were right being bullish, but they were wrong in the way that they executed it. That was by buying stock with borrowed funds on margin accounts. It wasn't anything else, but people were forced out of the market because of margin selling. Now look how clean this market is. Is anybody, who was on margin and who got wiped out, going to go near the margin department for probably months or years? Of course not. This market is very clean in that regard. So we don't have to worry about forced margin selling anymore. We don't have to worry too much about poor sentiment. After the crash of 1987 everybody thought, all through the next two years, that it was bear market rally. There's nobody going to be calling this a bull market for long time even though the weekly Advance/Decline line bottomed out a year ago.
INVESTORLINKS: Do you think we're still in a bull market?
WOLANCHUK: Absolutely. If there's nobody left to sell and everybody's bearish…I got the same thing in 1987. I feel a lot better about it now, because I'm in the minority. What's so funny is that the media said that the NASDAQ had its worst year in history. What they don't say is that, a year ago, the NASDAQ is where it is now. For the first six months it was the grandest six months in the history of the NASDAQ. Then, you had the worst six months and you ended up back where you started. That's exactly what the DOW did in 1987. All it did was go back to where it was in 1986 and the whole process started all over again. It is a hump in a chart that is continuing it's up climb. In the meantime, these stop clock bears who yet have to get religion… Can you imagine some of these stop clock bears who have been calling for the end of Western Civilization for the last fourteen years?
INVESTORLINKS: What about the bears?
WOLANCHUK: This market's not going to let them off the hook. Here we are above 10,000 pressing 11,000. If I'd told you 15 years ago, after the crash of the DOW, when everybody hated it, that they would hate it just as much above 10,000 you would have thought I was a nut. Here we are above 10,000 and everybody hates it. We are at a high level consolidation that's been stretching out for a year and a half or so in the DOW and the NASDAQ - a flawless ABC. What we call an ABC irregular flat correction in terms of Elliot where the B-Wave made the high at five thousand. Until proven other wise, anybody who says we're in a bear market - and at the end and we'll never see these highs again for years, which we've heard a lot of… You've got to remember where all this talk came from. It came from the people who missed the entire advance to begin with. They have really no credentials to be making those kinds of statements. In the meantime I never thought that I would be in the minority bullish camp once again with the DOW pressing eleven thousand. It's a rather fabulous situation. All these companies that have taken whacks like Intel (INTC, Chart, Boards), General Motors (GM, Chart, Boards). There's some of these DOW stocks actually are screaming new highs like the banking stocks. What we've had is a rotational exercise, which is typical of a high level consolidation in the primary market. While the secondary and most speculative market, as you know the NASDAQ, has gotten it's comeuppance because of the margin buying.
INVESTORLINKS: Where does that leave us?
WOLANCHUK: Now we've got a cleaned up market where nobody is going to go near the margin desk. We're set up for a resumption of the bull market. In certain sectors the bull markets been intact for quite awhile.
INVESTORLINKS: What about the market's short-term prospects?
WOLANCHUK: Actually, the markets have been rallying while the NASDAQ is re-testing its prior lows. The Wilshire Small Cap on a weekly basis has a great-looking chart pattern as far as I'm concerned. It's declined and held its 150-week moving average. It's a mile out of its hole made in 1998. It's a classic little consolidation. But, if you look at the NASDAQ it's only declined in three waves off the top. If you're an Elliot Wave Analyst and you're bearish, you've got to say to yourself, "If that's only three waves, and that's the second wave pull back, a third wave blast of historic proportion can absolutely be born out of that." Because of that potential, I'm certainly not going to miss it, if that's going to happen. The wave structure of the NASDAQ certainly allows for that. Here we are with a VIX Index (CBOE Market Volatility Index) still above 30 percent. It's been hovering above 30 percent since September. It's taken a stab to 37 percent during that time frame. This is a long period of high VIX readings without any solid detraction in a primary market. This is bullish. A market that looks ugly and doesn't go down is a market that you want to own.
INVESTORLINKS: What are your thoughts on the recovering telecom sector?
WOLANCHUK: There's no doubt about it, but the telecom sector has gotten awfully oversold, even more oversold than the NASDAQ. A lot of these wire houses couldn't stand it so I think they put out a big buy on AT&T (T, Chart, Boards). Here's a stock that technically appears like it's going to go all the way back to $60/share because of the gap situation. When a futures contract, or a stock, declines or advances leaving lots of gaps in the chart, all of those gaps eventually get filled. Intel (INTC, Chart, Boards) in my view is a prime candidate for that. INTC left all these huge gaps all the way down and Intel has got $75/share written all over it because of these gaps. The same thing with Microsoft (MSFT, Chart, Boards). I'm seeing Microsoft going back to$112, $115 or higher. It's the gap rule. The only reason that the NASDAQ declined in the first place was to fill all the gaps it left, when it initially thrust out of the hole over a year ago. There were three large gaps. They went down and filled them all. We had the S&P 500 futures bottom over a week ago at 1288. The next day it opened on a huge gap.
INVESTORLINKS: How soon should we expect these strong moves?
WOLANCHUK: We've been through some speedy moves here. We've had a bull market and a bear market - people going from extraordinarily bullish to extraordinarily bearish, all within a number of months. These things are moving really fast. Look at the volatility we've seen in the last number of weeks. We went through this 1991. While this is going on, sentiment is improving. It's just like 1991 all over again. It went up and down, drove everybody crazy for over a year. Not much has changed.
INVESTORLINKS: Are you pretty much saying that we should expect more volatility.
WOLANCHUK: I think we've had the bulk of it. My only concern is the cycles. We've got a four-year cycle due in 2002.
INVESTORLINKS: What does that mean?
"What everybody is anticipating, in my view, could prove to be something similar to what we saw in 1987: The market going crazy."
WOLANCHUK: That means it's going to be marked by something. Let me give you an example. We had a four-year cycle low due in 1986. Everybody prepared themselves for it in early 1986 as measured by the daily Advance/Decline line. It topped out and started declining, declining, declining as everybody bailed out in anticipation of a four year cycle that was due in 1986. In September 1986, we got some sort of hammering job, but in December of 1986, the daily A/D line was making twelve-month lows while the DOW was virtually at historic highs. That got everybody really bearish. Then, the market exploded to the August 1987 peak. There were all kinds of technical problems there. The 1986 four-year cycle low basically was met in 1987. The next four year cycle low if you count forward four years was 1990. Remember how ugly that was? Then, four years later was 1994. Remember how ugly that was? Four years later was 1998. So here we are, four years later from 1998, we have 2002. Somewhere between here and there, it appears that everybody is preparing for this four-year cycle, by bailing out of the stock market in anticipation of it. What everybody is anticipating, in my view, could prove to be something similar to what we saw in 1987: The market going crazy.
INVESTORLINKS: Can you clarify how the NASDAQ fits into this?
WOLANCHUK: Basically from the 1998 low, the NASDAQ has retraced exactly 75 percent of that entire advance in a clean three-wave fashion, which is exactly what the DOW did in 1987. It went back to the area of the prior consolidation. It was a consolidation in 1999. All through that year was choppy. It went up very slowly. I'm saying that the NASDAQ is set up, until the wave structure says other wise, to go through 5000 like a hot knife through butter - to go through 10,000 and a move towards 20,000.
INVESTORLINKS: Over what period of time? Five years?
WOLANCHUK: No, the percentage. Remember it is based on percentages. If I'm right, the third wave is going to be a lot faster than the move that NASDAQ made from the 1998 low to this past high (March 2000). It should probably take half the time that it took on that last big move. If I'm right, we'll go through 5000 inside this year sometime.
INVESTORLINKS: Inside this year? Are you serious?
WOLANCHUK: It did it before. It went from 1200 to 5000 in a space of a year (and some). We've had a three-wave decline. If indeed that's a second wave pull back. It still counts that way. A third wave is going to be kind of fast and furious. Because of that potential, I'm certainly not going to say it's not going to happen. I'm going to be prepared for it if it does.
INVESTORLINKS: Could you explain how this works?
WOLANCHUK: At the end of a second wave pull back, a second wave pull back is … they've got a lot of things going for them. People have got to be convinced that they will never see the highs again. People have to be convinced that they don't want any part of it. We're seeing a lot of this. After the markets crashed in 1987, one of the prominent bears said that the chance of the DOW getting above 2700 was 10 percent. Here we are above 10,000. By the way, that bear is still bearish. It is very tough being bullish because the market makes it easy to be bearish.
INVESTORLINKS: So which sectors are going to be hot?
WOLANCHUK: The sectors that everybody hates.
INVESTORLINKS: Such as tech stocks?
WOLANCHUK: Take the technology sector - completely sold out as far as I'm concerned. Retail? Everybody loves to hate retail. In the meantime, we see Home Depot (HD, Chart, Boards) has already gone from $35/share to $52/share over the last number of weeks. Intel has got the kind of formations that I'm just drooling over because of all the gaps left open above the market. I'm rather excited about what I see.
INVESTORLINKS: Do you think the markets will struggle this year?
WOLANCHUK: It's going to be a mental struggle. I don't know about the price struggle. I don't think there is going to be a price struggle. I think there is going to be a mental struggle. People are going to struggle with price.
INVESTORLINKS: Do you mean that investors are going to be looking at an up market and won't believe that it could go higher?
WOLANCHUK: They did that in 1987 after the crash. If you got caught and got wiped out, you're not going to go near the stock market. Investors will listen to high profile bearish gurus who will be telling them it's a bear market rally. We had a prime example of that happening after 1987. Now I'm even more bullish because of the recent correction.
INVESTORLINKS: Is there anything that would change your mind?
WOLANCHUK: Yes, if the American Association of Individual Investors got up to 75 percent bulls and we got euphoric all over again. That's going to come.
INVESTORLINKS: How soon?
"There's going to be a lot of people that will start chasing - if I'm right and we've finished up a second wave correction in NASDAQ and it starts to melt up."
WOLANCHUK: At the top of the next third wave blast. There's going to be a lot of people that will start chasing - if I'm right and we've finished up a second wave correction in NASDAQ and it starts to melt up. There are no sellers left because everybody's bailed out of the stock market. People are going to be chasing stocks. Not everybody is just going to stand around and call it a bear market rally forever. When you chase stocks in a sold out market, you see the net results. It goes absolutely hairy. Look at what the NASDAQ did coming out of the 1998 hole. It was so doom and gloom in the 1998 low. It went from 1200 and it doubled in price vertically in a matter of weeks.
INVESTORLINKS: Which stocks should investors consider at this point?
WOLANCHUK: You just spread it around. Qualcomm (QCOM, Chart, Boards), in my view, is a great situation, Some of the blue chips, like SBC Communications (SBC, Chart, Boards). It wouldn't surprise me to see General Motors (GM, Chart, Boards) take off. Disney (DIS, Chart, Boards) is another. Procter and Gamble (PG, Chart, Boards) is another great looking situation. It got whacked and it came back nicely. It's consolidating. There's huge gaps just above the market all the way up to $85/share. It should take out $118/share or $120/share. It's been there before.
INVESTORLINKS: Should we expect optimism over the coming year?
WOLANCHUK: No. I don't want optimism. I want rising prices against the background of pessimism. Something like we saw through 1988 and 1989.
INVESTORLINKS: Is that the bull market climbing the wall of worry?
WOLANCHUK: Of course that's what we want and that's what we're going to get. You know how we're going to get the wall of worry? It goes up slow. It could be fast. There's two ways of leaving the world behind. The market goes up super fast, catches everybody. Or the markets go up slow with lots of correction. Everybody hates it all the way up because of that. It takes nothing to move this DOW two hundred, three, four, five hundred points anymore. When we see the epicenter of Primary Wave Three, there is going to be a thousand-point up day in the DOW. It's coming.
INVESTORLINKS: Could the NASDAQ make a thousand-point gain in one day?
WOLANCHUK: Absolutely. You can't have the epicenter Primary Wave Three of Three to the upside unless it is broad-based. All sectors going up in unison. That is a broad move. The last time we saw a broad move like that was coming out of the 1982 low.
INVESTORLINKS: Any advice to investors who sold short this market or selling it short?
WOLANCHUK: I hope they stay short.
INVESTORLINKS: Thank you very much!
imo
.51 on the ask now, looks good! eom
imo
What about the funds? I don't know why that's the date, just what they said. It usually takes some filings with the nasd to get it done, so I wouldn't think a month is to long to expect it, they couldn't go ahead with it until the RM was completed.
imo
looks like ihub has got the bashers panties in a wad:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15130119&s=sevu
imo
Name change to officially occur by the middle of February, hope they do the symbol change as well. Expect to hear more details of their business plan before then:
http://www.accesstelinc.net/busplan.htm
Time to update the DD profile.
imo
Once again we are waiting for something to happen here... but at least we are satisfied that the RM has occurred and AccessTel is for real.
imo
Found out will be gone all day monday in Seattle, so am cashing out early the QQQ Put at 4 1/2, good 20% gain, will hold put in GX put though till lower.
-----------------------------------------------------------------
Stockmarket.com's link: Says bottom in process of forming on the Naz.
http://stockcharts.com/commentary/richardr/richardr20010105.html
imo
Candlestick, I'll call it, it's a
Harami Cross:
How to Identify it
A long white day occurs
The second day is a doji that is within the range of the previous day’s real body
What it Means
After a long white day at the high end of an uptrend, the market opens lower than the previous day’s close. Trading is typically light and the day ends with a close at the same price as the open and within body of the first day; an even stronger signal than the basic Harami pattern that the current uptrend is losing strength.
The Harami pattern is also the first two days of the Three Inside patterns. What we want to see for confirmation: The third day is a black day with a lower close than the second day.
imo
By: mckinney2227 $$$
Reply To: None Thursday, 4 Jan 2001 at 9:47 PM EST
Post # of 126317
Overhead Call Interest Bearish
Reprinted from Schaeffer Research
(Note- the open Call interese is now greater than at the publication of this article !)
QQQ Open Interest Worrisome For Bulls
12/27/2000 12:08:00 PM
We've been kicking around the possible implications of the current Nasdaq-100 Trust (QQQ –60-7/8) open interest configuration. For the most part, the implications are not bullish for technology investors.
The current open interest configuration for QQQ exemplifies the very definition of overhead call open interest (see the chart below). Particular strikes of note are the January 70 and 75 calls, which are home to open interest of 46,783 and 45,216 contracts, respectively. There are also nearly 70,000 contracts of open interest overhead at the January 65 and 67 strikes. Needless to say, this is some significant overhead call resistance for the Nasdaq to overcome.
(No graph available here)
Chart courtesy of Schaeffer's Daily Sentiment
What are the implications of overhead call open interest during the most recent Nasdaq decline? We have compiled data regarding total call open interest on the QQQ. Total call open interest at the most recent Nasdaq peak on September 1 stood at 173,333 contracts. Total call open interest today, with the Nasdaq 41 percent lower than it was on September 1, is 806,273 contracts. This is a 365-percent increase in total call open interest, despite the terrible price action. Option speculators have actually become more bullish as the Nasdaq crumbles. From our contrarian viewpoint, this data has decidedly bearish implications.
- By Ron Taylor
imo
OK, am holding a put right now on the QQQ, at march @55, so you are saying to buy a call at the same time? I did do really well with the march call @65.
Cashed out today on GX long calls, first bagger with options, whoo hoo, nearly a two bagger.
imo
Dr Lee is in a position of Technical advisor, he's going to be heading up the WLL in Shanghai. He could eventually be in the CTO position, as well as on the BOD. He's got 4M shares, and I think another 3M options.
imo
ROFL, look at these hammers of shorts covering:
http://www.askresearch.com/cgi-bin/intraday?index=%24COMPX&intraday=symbol&symbol=JNPR&exchange=USA&size=640x480&frequency=1+minute&type=Candle&color=Graph+Paper&scale=Logarithmic&moving1=50+minute&moving2=None&moving3=None&moving=bollinger&bollinger=20+minute&ind_vol=on&ind_sto=on&sto=15-5-5&wpr=12&ind_rsi=on&rsi=8&ind_macd=on&macd=12-25-9&roc=16-8&ind_mfi=on&mfi=13&refresh=180&x=16&y=11
JNPR would be good for a call right here... perhaps.
imo