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In OFI .95 AMEX runner
On impressive earnings news. Could go really big if it can hop up ovr 52-wh at 1.15
PPDA slowly upward, promising
Hit the $1 mark, today, 52-wk high. My short-term price target is $2.20.
But have to say I envy the much hotter volume and price action going on in stocks like CICI and PGHI today.
PPDA Anyone have experience on low float
positive-news-mover like this one???
Average shares traded daily is usually low. If not for that fact, I'd say this one looks good to go to a buck-fifty quickly this week. It's just that with its history of low volume and only 8 million in the float, I'm wondering if it just WON'T break out explosively like other penny movers that are played by this board.
Am holding a chunk, in at .84
Thoughts from anyone with experience in similar acting stock welcome
Watch PPDA and AMWS into close...
If Pipeline Data gets above .90, or American Water Star closes above 1.70, both will be huge gainers next week.
Back from Fla., in PPDA @ .84
Looks ready to bust out over $1 tomorrow on record volume, IMO.
Pipeline Data, a Braintree, Mass. company (just a few miles from my New England Patriots' Gillette Stadium!) that's been taking in lots more credit card and wireless transaction revenue in the past couple of quarters.
I really missed the stock market and this board especially in the past week while I was away. Played in a baseball tournament in Orlando. My team, the Boston Wolfpack, lost to Jacksonville in the championship game.
But I'll forget about the loss pretty quickly if I can just make some bank!
Yes, Chipped, AMWS. Sorry, mixed up symbol
Hope I didn't throw anyone off.
Very nice close on it, by the way, at 1.39 -- exactly 52-week high from months earlier, on double average volume. Looking for a Jones Soda type run, here well over $2.
Wasn't kidding you about AMSW
It's a tick away from 52-week high and very little downside risk right here. Awesome chart. Tomorrow and the next few days wil be the real run. It's perfectly set up to be what OMNI's board is all about -- A breakout trade, bay-bay!!!
AMWS Poised for a run
I bought in at 1.34 today. The news is good but the chart is even better. I am looking for a very similar run on this as the one Jones Soda (my other favorite beverage company) had up over $2 last month.
And yes, Chipped, about Dee. I read all of her posts eagerly. She is one of several very informative and helpful people on this board.
KRZ nate, ICOA nice pickup
I bought more today too, but had already been in since .088.
Curious: Did you take your profit yet or hanging on?
Omni, BSIC... gapping?
Not sure if this one warrats an opening gap tomorrow, but I am very pleased by the chart and with how the stock closed today.
Got in at .31
Gerry, I'd go with ICOA
I don't think you can go wrong with this one right now. I am holding tightly from .09, expecting this one to go to between .15 and .20 by the end of this month, AT LEAST. That's just from looking at the chart, that you can see that gain coming.
But there's also a great story behind it: Wi-fi hotspots and internet service at the major airports. And they had positive net income last quarter.
MMTIF wild action today
Thought about jumping in back when the ask was .24
Oh well
BSIC heating up, not a history of
high volume in this one though. Could it really run from here do you think?
I'm clinging tightly to my ICOA shares today
IOCA
Stands for I, Omni, and Chipped Agree... mid-teens.
ICOA price targets anyone?
Omni said ICOA was one of his favorite looking charts/plays for January. It dind't take long into January did it?
I'm thinking between .15 and .20 after a two or three day run?
EXBT amazing. Bid moved from 1.22 to 1.29
trying to get people to sell their shares at the bid of 1.24,
Crazy!
EXBT is about to leave the building
Above .255 it will zoom
Thanks Cap
I learn from, am inspired by, and enjoy your posts.
Good luck in 2004! (Although, in your case, it sounds like luck will not be the determining factor.)
I'll tell u biggest breakout star of 2004...
It's going to be... BILL PANETTA !
On watch! EXBT at key spot right now: 1.25
It opened at HOD at 1.255
If it can break through, you know what that means
a VERY Happy New Year for Dash!
EXBT perfect buying opp. here at @ 1.14
Chart says it's not going to stay down here for long
EXBT. 1.08
Anybody else grab this one? Closed at the HOD and new 52-week high on strong volume. How I love Omni's philosophy/strategy of Break Out Trading!
In EXBT at 1.05
If it can closes above 1.03, it will be set up for a big money run tomorrow IMO
In PGOL for the ride to 2.50
It's everybody's favorite gold stock today it looks like
Agree on USVO although
I didn't help the stock today by liquefying my entire position today of 85K shares. Bought in at .20 and .21 and was bored with it!
No 1 p.m. market closings this week
according to the NYSE offical calendar on their webpage:
www.nyse.com
http://www.nyse.com/about/p1020656067652.html?displayPage=%2Fabout%2F1022963613686.html
End-of-calendar-year trading strategy/psychology
Question for the more experienced traders on this board, especially Omni, Chipped, Hacked:
Do you consider it a plausible theory that in an UP market, such as this one, with so many stocks priced at a much higher level than they were earlier in the year, that larger share holders of any given stock may be more likely to decide to hold onto their equities for an extra day or two longer than they would have normally in order to avoid paying one extra percentage of capital gains on another big winning trade -- and thinking others may do the same thing -- hold tightly -- which will add to the price of the holding.
In other words, am I the only knucklehead gripping my USVO shares tightly while expecting similar larger holders (50,000-plus shares) will hang on also and ride these already-up stocks into 2004.
Which is also saying that my theory is you will see little or no across the board tax loss sells by traders as you normally see in a down market.
It occurs to me now as I look at my above theory in print that it probably applies more to stocks that are at their 52-week highs.
USVO, I hear you,
Hack, on wanting to get out of a stock on a hohum sideways day. But it does look good to me, still, for a run over .30 within the next two trading days, so I'm holding for that.
USVO and PTSC. Holding.
Happy for anyone who made bank today -- it was fascinating watching the action on IBZT especially.
But the two stocks mentioned above, which I've been holding for days now, just about put me into a deep sleeeeeeeep! USVO in particular.
Any other board members have PTSC and / or USVO and feeling optimstic and bored at the same time like me?
PTSC mentioned with SONY
This may be a share price driver, being read about outside of just PR Newswire and Yahoo Finance:
-----------------------------------------
Patriot Scientific sues Sony, others for patent infringement
December 23, 2003 (6:48 p.m. EST)
By Anthony Cataldo, EE Times
SAN JOSE, Calif. — Intellectual property provider Patriot Scientific Corp. today (Dec. 23) said it filed a lawsuit against Sony Corp. of America and other consumer electronics companies over claims that the companies violated one of its key microprocessor-related patents. The claim is part of a broader effort by Patriot to extract royalties from companies using microprocessors with clock speeds that exceed 120-MHz.
Filed in the U.S. District Court for the Southern District of New York, the lawsuit against Sony alleges that the Japanese consumer electronics giant makes at least 14 products that infringe Patriot's technology. Among the products are 11 Vaio desktop and laptop computers, DVD equipment and server systems, according to the complaint.
As part of the complaint, Patriot is asking the court for an injunction barring further sales of the products in question along with a discovery hearing to assess damages and royalty payments. All told, the company is seeking damages "in excess of several hundred million dollars" from the group of consumer electronic manufacturers, according statement by Patriot.
Patriot declined to provide the names of the other consumer electronics firms that it says have violated its patent, though it did disclose the case number for the Sony lawsuit. The company acknowledged that Sony was a target after being contacted by EE Times. Calls today to Sony's headquarters went unanswered.
Specifically, Patriot says the companies are violating its 5,809,336 patent. Granted in 1998, the patent describes a microprocessor with a variable speed system clock.
Jeff Wallin, president and chief executive officer of San Diego-based Patriot, said his company tried negotiating with the consumer electronics firms before deciding to file the lawsuit. "There's been dialogue with Sony and others," he said. "We're just trying to protect our rights and our high speed variable clock technology."
Recently, Patriot has made enforcement of its patent portfolio a cornerstone of its business strategy after deciding to emphasize sales of soft intellectual property cores over chips. The company sells a proprietary line of low-power, 32-bit RISC microprocessors called Ignite.
To that end, the company earlier this year set out an "intellectual property compliance program" that targets hundreds of companies using microprocessors that exceed 120-MHz. "We're looking at quite a few companies," Wallin said. "We're approaching this market segment by market segment. We feel there are many companies benefiting from this right now."
CYGN to receive $30 million
Paul, it's so funny to me that you happened to post about CYGN and I was just posting about PTSC and saying how lawsuits take so long to resolve. I see that Cygnus actually took their action just two months ago and already they have a resolution. If only Patriot Scientific could get ahold of their "hundreds of millions" from Sony and Fujitsu as quickly!
Cygnus only has 38 million shares in the float.. Doesn't the news mean that the company is now worth about a buck a share plus added respect and viability?
You're right, this could easily ride higher tomorrow too!
elsie, PTSC
I'm sure you meant resistance in .05, .06 and .07 range, right and not 50 cents.
You're right about the technicals and chart. That was the primary buying reason for me. But rereading the lawsuit stories about patents and Sony Corp. and "several hundred million dollars"... I hate one or two-year-long drawn-out legal battles just like the next investor (So why am I also into USVO.OB which is also suing for big bucks?! -- technical breakout is why, of course), but my reading of this is that it has legs. I think enough investors will be impressed by Patriot's CEOs bold, go-for-the-big gold suit against Sony and Fujitsu so that it may crank up PTSC's volume quite a bit. This actually has float turnover potential. I really think the news was that positive that it may overcome all technical resistance all the way to a blue sky breakout.
Of course, such big float turnover runners happen very infrequently and only tomorrow and Monday and more time will tell. Just the potential of that run, howver, should get it to mid 5 cents at least, which is a 20-25 percent gain, anyway. I see little donwside risk in PTSC now -- at the very open Friday morning at least -- outside of getting tripped up by what Omni has trademarked as the market makers "opening headfake."
Paul, I'm hoping PTSC will have a very nice run
It sure had a nice close Wed. I'm a holder.
In PTSC at .046
good volume for a short trading day
Holding USVO, intrigued by PTSC
I don't own Patriot Scientific here, but of all the stocks I scanned tonight, this one intrigues me the most.
I reread the news and studied the chart awhile. My take is that this one may be headed a lot higher tomorrow. I'm not the only one who waited til tonight to read that release and spotted close at the HOD. If it breaks .06 tomorrow, look out. Anyone buy in Tuesday?
Also, the USVO chart still looks good for a climb into the .30s, welcome other opinions. Any other USVO holders?
Omni, Chipped 1 p.m. closes Wed. & Fri. this week
Do you have any experience with reduced Christmas holiday hours like this as far as what affect or the mood of trading. Is it generally a cash-out or buy-happy ride it into next year type of week? Thanks for any opinion on it.
GASE wow another masterful trade
by Omni. Watching the action all day and what a magnificent close. Congrats.
USVO needs to make a move
from here to really prove itself, you're right, McCyberdude, I don't blame you for needing more proof. I may have jumped in slightly early, but it sure feels like a good risk/reward trade right at the moment.
Whether it pays off today, tomorrow or next neek remains to be seen, but you gotta like the way USVO's five-day chart looks here for upside potential.
I'm in USVO at .22 from Friday
Banking on a 33 percent gain here, with any luck.
Hopes pinned on a big breakout from here (.23). There has been very little selling on the bid on this one for three trading days now, without there yet having been a decisive break to the upside. But accumulation has clearly been growing since Thursday and it is just an uptick, or few small buys away away from its 52-week high.
USA Video Interactive makes a patented invisible-to-the-naked eye patented anti-piracy watermark that major movie production studios may want. There will be a formal release of their newest product in January but the market appears to be anticipating an increase in the stock price in advance of the official release. They also said inn their latest news release that they were open to advance orders. I feel somebody knows something positive about this one.
Thanks all for tax questions responses
More proof that this is the best board I've ever been part of.
And Omni, your 2000 performance was inspiring to me. You realize by now that you really ought to write a book. And when you do, I want a signed copy!