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Got some more JABI today at the open @ .13. It's now .19 on the ask. Not much buying right now because of the spread. I might buy another 5000 or so, so that the sprea will narrow. I hate it when the MMs do this.
IMO, JABI will be one of the first split plays less than 10:1 that does well. My belief, is the float in an dof itself determines whether or not to play a split or not. JABI's float is below the 1 million threshold that I use.
I took a chance since it didn't meet my 10:1 minimum ratio, but it appears that it is going to do well.
Hope your order went through Larry.
Hated to have to do it, but there are many other opportunities right now. This seemed like it was a POS from the get go. Lesson learned. If it doesn't move pre split, it probably won't move post split.
RMOO is oing wonderfully, and IMO will be the best play yet. It's about to break $2 right now and its all upsie here. Had some profit taking over the past week, but they are gone now.
Hated to have to do it, but there are many other opportunities right now. This seemed like it was a POS from the get go. Lesson learned. If it doesn't move pre split, it probably won't move post split.
Sold all of my SKGV today in the mid .03's. It's a loss, but I just don't feel like it is going up anytime soon. The money could be used elsewhere. Not a pretty sight right now on that one.
Own bunches of RMOO, an it is oing very well, so IMO it will make up for the losses on SKGV.
Well, JABI did pretty well today. It is only 3:1, but I felt like this one would play differently than other < 10:1 plays and I was right. I got in @ .08, and it closed @ .10 x .13. IMO, will open nicely and could be a runner tomorrow. Keep it on your watch list. This makes me believe that float is the main criteria to look at when determining splits to play and to stay away from.
Anyone get any of this? I'm glad I did now.
here is the PR:
Tuesday January 23, 5:01 pm Eastern Time
Press Release
SOURCE: JAB International
JAB International Announces Stock Split
ORLANDO, Fla., Jan. 23 /PRNewswire/ -- According to Jefferson Adams Bootes, Chairman/CEO of the JAB International (OTC Bulletin Board: JABI - news), the company is announcing a three-for-one forward split of its common stock effective as of the close of business on Thursday, January 25, 2001.
Mr. Bootes also commented during a press conference on Tuesday afternoon that JAB International plans to be making future announcements of planned funding and acquisitions in the coming weeks.
JAB International has diamond and gold mining interests in Central Africa, Honduras and Northern California.
For additional information, contact 1 (800) 380-1087.
SOURCE: JAB International
haven't heard anything, but it has been trading like crazy. The volume has been huge. These scumbucket MMs see a few sells, and knock the wind out of everything. Down almost 50% on 15% of hte volume from the previous 2 days. Makes no sense.
I think they sold as well. If I have time later, I'll dig through the old WTPE filings. I seem to remember that. Thank God I have some good winners to help flush out SKGV. This one is becoming a big POS! (sorry for the profanity, but I feel like we've all been had on this)
Agreed. Something has been stinking on this one since the get go. All the buying with no move pointed to some type of dilution and now we see it. Not good at all, but I also have quite a bit in this. Very dissapointing.
OKOK is actually a shell as far as I know. Doesn't have a lot of value beyond where it is, since its O/S is realitely high. But, it is at its lows, and it will pop IMO. Would be good for a short term bounce. Won't go wrong at these levels.
Hi profit: I have been very disappointed with IFTP. Earlier in the year, it was going to be my big stock of the year. Look at the volume today an the thing still doesn't budge. I don't trust IFTP or its management. They continue to compare their business model to DFXI, but the one major difference is the number of shares. And that is a huge difference.
It seems like whenever there is good news, there is something behind it that they aren't telling you. Usually about the fact that they have to issue yet more shares in order to acquire something. What is the point in an acquisition, if it deflates stockholder equity?
I'm staying clear of it. There are so many more that are moving on the OTCBB and quite honestly will make you much more profit.
Just like NRES. Everyone keeps touting a 3:1 split. Why would a company do a 3:1 split on a .015 stock? (the price it was at when it was announced) Trillions of shares traded, and where is it? .027. Been there for many weeks now and it seems like the price isn't going to budge before the split.
Why are people buying these types when there are so many others that have great volume and are moving.
If people make money off of IFTP, good for them, but I bet I can make more with the ones I'm in.
The OTCBB is about timing of entry more than anything. In many situations, fundamentals mean little.
JMHO!
Neither of the forward splits announce today are trading. Really don't understand the point in that!
Bought UFSI. Very good news out. near its 52 week lows.
Monday January 22, 1:32 pm Eastern Time
Press Release
Ultimate Franchise Systems, Inc. Reduces Debt by $1,900,000, Eliminates $150,000 in Dividend Obligations and Expects Book Value to be $.1051 Per Share
LONGWOOD, Fla.--(BUSINESS WIRE)--Jan. 22, 2001--Ultimate Franchise Systems, Inc. (OTCBB:UFSI - news), a franchise management company, announced today the redemption of their Preferred Class Series F stock. The Series F represented $2,468,750 of debt on the company's financial statement. As disclosed in the company's Form 10K filed on Friday, January 12th, the redemption in both cash and common stock will reduce the company's overall debt by $1,900,000 and they expect their book value to be $.1051 per share. The company will also save $150,000 on its annual dividend obligations. The transaction will be reflected in the company's 1st quarter filing in February 2001.
UFSI announced last week increases in major revenue lines and decreases in expenses.
Christopher M. Swartz, President & CEO, stated, ``This reduction in debt and underlying servicing cost is another imperative step in strengthening our balance sheet and positioning ourselves for further acquisitions. The reduction in direct cash servicing cost will also greatly enhance our day-to-day cash resources. The company continues to strive toward restructuring its debt as a method of increasing our current cash flow. We believe this financial strategy will be the most expedient way to increase shareholder value.''
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Ultimate Franchise Systems, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
For more information, please contact:
Ultimate Franchise Systems, Inc.'s website at www.UltimateFranchise.com and access the company's latest filing on www.Freeedgar.com
or
Marc Jablon at Big Apple Consulting USA Longwood, FL 1.800.546.7950 or their website at www.AskBigApple.com
--------------------------------------------------------------------------------
Contact:
Big Apple Consulting USA, Longwood
Marc Jablon, 1.800.546.7950
www.AskBigApple.com
Bought TTRIF on Friday at .0175. Looks like it bottomed. Now .022 x .0225. Has a way of running.
Welcome back Patsy. The flu shot can have bad results on some. My mom had flu symptoms for 4 weeks following receiving her shot.! She said she would have been better without it. I guess it affects everyone in different ways.
Volume is surely coming back into the OTCBB for sure. I am loaded up on extremely beaten down pennies with good fundamentals. Some have popped, some will soon pop, and all will eventaully pop IMO with enough volume.
Most of them I am accumulating and holding.
I also got some MJXC. Looks good at these levels. Volume was huge.
Patsy, I had the stomach bug a few weeks back, and it wasn't fun. Rest up, and get better. We miss you!
I cannot believe DVDT today. I bought @ .02 a few weeks ago, and have held. Right now it is .095 x .097. Sold 1/4 at around .09 and will let the rest ride. Has a lot of momentum behind it. Looks to go higher.
I've made out pretty well this week. Haven't seen my portfolio make this much gain in quite some time.
COTF: .017x.02: You won't see a Level II more poised for a run. Used to be Zebramart an they changed their name to focus on communications.
here is the PR
http://biz.yahoo.com/prnews/001116/ny_zebrama_2.html
RMOO: Some profit taking today. I guess that was expected. I bought a little more @ 2 1/2. Profit taking is over and it's moving back up again. 2 3/8 x 2 1/2. I wouldn't even chance taking profits on this one!
Would you believe I bought ICHC at .044 a few weeks back? 2 big PRs out the last 2 days is why it is running. Sold a little this morning for profit taking, and will let the rest ride.
What a ride it has been so far.!
EPHI: .13 x.15: Very low float and O/S (don't remember exactly) 77000 in volume (all buys) is a lot for this one. 52 wk high of 3.50.
LAWW still looks good at these levels. I've been accumulating. Now .046 x .05: Has great potential and has been severely beaten down. Ran to almost .10 about 10 ays ago. IMO, shoul at least do that again based on the trend. With news, it could go above that.
FYI, there is now a WALS board on Raging Bull.
SYWI: .11x.125. Level II looks very good. No real roadblocks until at least .16 or .17. No selling and low volume buying.
Patsy: Have you looked at WALS today? Wow, with any volume this could really take off. Now 1 7/8x 2 1/4. As you indicated, the float and O/S are extremely low.
AMJY: .015x.019: There is a rumor going around that there is a convertable bond that has been converted into equity that has held up the run. The rumor is that this is almost complete. Once this is one, IMO, this has a chance to do well. You can load up on a lot of shares at these levels, then hold.
ABID: .05 x.055: Look at the 5 day chart on this. It has been moving up steadily on low uptrending buying volume
I am very glad now that I loaded up on ICHC at .04 - .045 a few weeks back. It looked severely beatened down especially given that they have put PRs out and the company is still alive. Currently .12 x .125. IMO, it can go much higher.
You are very welcome Larry. Hope you didn't touch it today. It's fallen from grace as I expected. Now .062 x .07. I think thr BHUB run is over for now. There is really nothing fundamentally other then MOMO ot get this one moving. The fact that there has been no news since June is a little scary IMO.
Found a site where you can locate all OTCBB stocks within a certain price range. Can be an interesting means of finding beaten up stocks. Actually, it is what I used to locate several that had been drug to the ground and are beginning to climb back.
Go to http://www.dimgroup.com/ then go to OTC-BB Price Screener and then you can enter a price range and it will retrieve all OTCBB stocks trading within that range. Sometimes you have to wade through some dead issues before you find some worth looking at. If you have the time, it can be benefical.
WOuld be nice to have a search engine like this for O/S and float. I'm sure there is one out there somewhere.
Got some SYWI at .055 before the run this time. It is being MOMOed, but again is/will be a good trade IMO.
Be careful with BHUB. Not to say it won't run, but it is being MOMOed to death. If you look at it, there has been no PRs since June. I would no say that is a good thing. That's 7 months with absolutely no PRs. I would be very careful of this one as anything more than a short term bounce. The O/S and float look good, and the volume as well, but it has been volume feeding volume. I know pennybuster picked it as his pick on Friday and that is where it started from. I would be weery in buying after a runup like today myself.
Actually, from a trading standpoint, it could be good. Heck it was on my watch list and I didn't touch it for the reasons stated, but it just needed a group to get a hold of it, and off it went. I could've been in before the masses, but at the time there was little to no volume or interest.
Good luck.
LOL Patsy. I realized I had missed the 'd'. I've been having problems with my keyboard with the letter 'd' at times. It just did it at the wrong time this time!! Still funny though.
2 more NASDAQ big board stocks move to the OTCBB tomorrow: FAVE and PLRX. I'm sure there will be more dot commers coming on board. Certainly are a lot of sad stories out there.
LOL on the MM comment! The MMs have become very complacent of late. Check out ABID. Over the past 3 sessions they raised the bid on no volume. I was lucky enough to buy in at .02, and .023 or so and the bid slowly raised above where I bought it and today it closed at .04 x .045. I guess the thing to remember, is that MMs only make money if a stock moves. If there isn't any volume, they'll get it moving! Just as they can tear a stock to shreds, once it is down to a certain point, they have to reverse, or again they don't make any money. I guess it's time to stop complaining and just ride the wave. The problem as always is knowing when to sell. Right now is the easy part. The volume comes first, then the prices improve.
I think toay I had the largest increase in my portfolio in several months. I was lucky enough to have several big winnders today including: RMOO (many of us have that), ICHC (big news today and went from .04 to .11!), SYWI (momentum on low floater), ABID, an WALS (which really began to show some upside today)
Hopefully, this will continue!
Is it my imagination, or does it seem like a rally beginning in the OTCBB? Many stocks saw good upward movement today and volume is picking up. I loaed up the boat on a lot of oversold issues, and my portfolio saw its biggest rise today in quite some time.
Anyone else notice the suden turn nortward for WALS? I got in @ 1 3/8 when Level II began to look good, and buying was coming in. Patsy: what did you say the O/S and float were again?
This one looks like a good winner. Looks like a good candidate for a forward split IMO.
Ditto Patsy. Still holing. Luckily everything is doing well and balancing it out.
In WALS @ 1 3/8. Level II is looking much better. News on Friday was great to say the least. Patsy has indicated the O/S an float are very low. I haven't dug into the filings since I trust that she has already done this.
Friday January 12, 1:17 pm Eastern Time
Press Release
Wallstreet-Review, Inc. to Acquire Over Five Million in Assets
LIGHTHOUSE POINT, Fla.--(BUSINESS WIRE)--Jan. 12, 2001--WALS (OTCBB:WALS - news) is pleased to announce they have signed a letter of Intent with Pilares Oil & Gas to acquire certain assets valued at over $5 million dollars. WALS anticipates closing on this transaction within the next couple of weeks for a combination of cash and stock. With the addition of this asset WALS plans to file an application to begin trading on either the AMEX or NASDAQ Small Cap.
The Company's CEO Matthew Dwyer States, ``We are excited about the opportunity to continue to add value to our Company. We have several other clients in various stages of completion that as the year progresses will have a significant impact on our bottom line.''
WALS is a financial Services Company that assists small companies in moving from the private sector to the public markets. WALS assists private companies with reverse mergers, management support, acquisitions, and investor relations. The Company has offices in Florida and Burlington Ontario.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as ``expect,'' ``intends,'' ``believes,'' ``plans,'' ``anticipates'' and ``likely'' also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Wallstreet-Review, Inc., Lighthouse Point
Matthew P. Dwyer, President, 954/784-5044
Fax: 954/784-1058
Email: matt@wallstreet-review.net
Website: www.wallstreet-review.net
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Make that 2 x 2 1/2.Only 8200 shares and it has moved up well.
RMOO: Breaks $2!!! Now 2 x 2 1/4. Looks like the MMs might be in trouble already on this one.