Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BaNG, 70K bider on uptick move.
Quiet accumulation all day on hidden bids. Now 70K bid shows up. This is a nice positive sign for continuation move up versus drifting down over the coming days.
Looks like someone else filled and starting to support price and turn it up. The dump ticks at .58 were countered by uptick buying to .59 to keep from second set of stops being hit. Any shorts out there who played the spike should be on notice now going into eod.
Lunch buyers starting to show up early....
ASTM holds .60 and will see lunch-time buyers come in for expected eod push.
Look at the market....bio sector is green...evertying else heavy red again
Surprising lack of scalp sellers so far this am given yesterday's move. Much smaller retrace this am than I was expecting. Buyers gonna have to chase pps soon to ride the bounce.
In general,the market has started to rotate into biotech sector the last few days. Stem cells all will lift with other bios. ASTM has plenty of cash and has shown the most positive results.
ASTM has til mid 2008 to reach and sustain 1 for 10 days before next action....plenty of time. It could be pushing 1 w/in 3 weeks.
ASTM has til mid 2008 to reach and sustain 1 for 10 days before next action....plenty of time.
I've been waiting for ASTM to post news on their cardiac efforts. Nice timing...right at the lows after capitualation volume. What this means is that a large portion of retail share holders have changed ownership in the .50s Now, the new owners will be looking to help push the price higher. Plus, resistance have been lessened on the way up.
The chart says .85 next stop. However, when a penny crosses the 50ema, it typically runs to test the 100ema. Since 50ema is around .74, and next resistance is .85, expect that the bounce will go to 100ema which is .90. If they can add more positive news at that level then the 1.20-1.40 level is possible. Note that also often a bounce such as ASTM is begining often is a double. So 1.0-1.20 is very likely.
Hi all, just checking in. Is that right today on the volume...or lack of it?
I guess we are waiting for results of the China meeting?
Wow, I got some catching up to do....
Just scanning townhall and other messages. Now I see why people been bailing. But to sell at these levels? People should be buying, not selling here.
I guess Chang was not all that honorable. I don't have good understanding for the reasons of the departure/firing. Maybe someone can reply here to fill me in. But it does sound like he was doing some sleazy stuff behind other management when they gave him full freedom and trust.
My shares are locked in for 2008 the same from many months ago. Time is on my side.
Yes, still here holding my shares....lurking in the background.
I am just glad I hardly read posts here anymore. All the seemingly name pointing and daily tick diagnosis got boring a long time ago. I have a substantial investment (for a pinky) in EFGO. That has not changed. I expected that the would be above .004 by now, even if all 11 bil a/s was in the float. Obviously, we all must wait longer. However, nothing so far has made me waver from the expectation that Esprit got it going on and are executing at great speed for a small operation.
My shares are locked and loaded well into 2008. That is why I stopped wasting time here on this board. IWhile I daytrade for a living, my EFGO investment is in the retirement account.
Don't worry about them. The last thing we need are a bunch of daytrade flipper looking for only a few tick profit, creating even more resistance.
Let us continue the major accumulation and distribution to long-term holders. You can bet there are some whales in the background who been loading and gonna start a push.
Everything is sooooo promising on EFGO. We all know the pps will respond huge....eventually. I can't help but grin as each PR reveal how the pieces are coming together.
A PINKY doing business with Wachovia in China? Wow!
Good Morning MNM
Just checking in to see everything still where I left it. Pretty amazing churn given the business execution that is ongoing.
Still being patient with my shares for something better in 2008. If all this stuff comes together with revenue, it should be the ultimate no-brainer.
That is less than $4k trade. Not really impressive. You will know when traders jump back in cause they will be buying blocks costing $10-$20k.
Boy, volume really sucks today....even worse than yesterday. Tis ok, when volume kicks in again, then it will be time for breakout.
It looks like MMs finally on the long side.
They are maintaining big spread to discourage flipping. At the same time, they are allowing upticks on low volume. I am liking this pattern. It reminds me of many early stage AMEX stock runners.
High growth, emerging stocks do not initially use P/E for valuation fair value. 2007 revenues will be over 300% increase over 2006. If Esprit can provide similar 2008 year-over-year growth, then we have a nice play here going into 2008.
I also agree that this $3.3mil revenue forecast is conservative. It is better to beat your forecast than just meet it.
WOW, long-term holders finally in control it seems. Chart is really starting to shape up nicely. We are back over 50ema which is very good bullish signal.
I expect once the Forex logo is established, they will begin their Forex marketing effort to attract new trading accounts.
I guess this statement deals with STORD....
"This will replace EM2, and provide the division with the benefit of extending the Cash Now brand name more effectively into the AEFM division. It will also prevent confusion with services offered by other companies working in this sector."
You are assuming iHub holders from your original tally have not sold. I think you have a decent % of iHub flippers involved in May's volume. Even so, I like the overall high volume churn we are experiencing. This is a nice redistribution and should lead to an uptrend soon.
I am waiting for more info on your 'suggestive' post.
BTW: I read both STORD and Esprit news items. Other than the fact they called the product the same thing and they have recently sold to cruise lines, I do not see the 'copy' between the two. In fact, Esprit elaborates much more clearly on the topic.
Is STORD a competitor? Do they license from Chang/Global?
The fact that you email a potential competitor and mention Esprit is plain stupid....you are hurting Esprit's efforts to sale product by raising awareness of their presence to another one in the same sector.
EM2 back when Chang was with Global...
http://www.onedebit.com/Products.asp
=========
Currently, One Debit is offering the following Prepaid Bank Debit Cards for distributors with potential of distributing 50,000 or more cards or accounts annually: Global Vision is a wholesale business developer and marketer.
....
....
Trends
Trends indicate the most sought after payment system applications worldwide are:
Money Transfer (Remittance)
Payout (B2B & B2C)
Payroll
The Strategies
To properly achieve these major needs, we offer the high power EM2 (Electronic Money Management) Electronic Wallet to the consumers and the businesses - worldwide.
For the additional consumer needs of funds withdrawal, use and security, we offer a full-function branded Prepaid Debit Cards that are integrated to the EM2. EM2 can load all these cards.
Solutions Card
U.S. Retail MasterCard Debit Card
Global Cash International Debit Card
EM2 designed applications are:
Employee payroll
Low cost & efficient
Employer retains bulk of the float
International payout
B-to-C (such as MLM)
B-to-B
Low cost & efficient
For MLM, employer retains bulk of the float
For MLM, it can provide Auto-ship charge with no charge-back
Remittance & Funds Transfer - Internationally
EM2-to-EM2
EM2 to Solutions Card
EM2 to retail locations for cash pick-up at 197 countries (for $10)
EM2 to bank branch for cash pick-up at 197 countries (for $10)
EM2 to bank accounts (for $10)
ACH transfer
International wire transfer -SWIFT
Check writing - EM2 account holder can write checks
Reloading - Globally
Batch loaded as in payroll/ payout applications
Loading from bank accounts in 141 countries
It should be noted that a consumer or a business can use the EM2 "Electronic Wallet" without the debit card - especially for money transfer and remittance purposes.
Yo Yo Yo, still long and patient for 2008....
It sounds like a competitor. EM2 is a generic term for the industry. Neither Chang or this STORD are first to use it. Notice there are no trademark symbols beside it (TM)?
A little competition is good....it validates the technology and industry need.
Now the worse thing to do is to have Esprit people start to call this STORD company and ask them about Esprit. You will put Esprit on their radar as a new competitor. It is best for Esprit to fly below the radar for awhile as they get their footing....one of the reasons why the cruise line name was not included in the PR.
Actually, historically subpennies do quite well doing market downtrends and general recession. More trading money flows into this region as the major markets become hard to profit.
Insiders own roughly 2bil shares.....
Exactly brian. EFGO is running the business as their first obligation. That will eventually translate in nice rewards for longs that have the patience. Growing a business is a process, not an event. A single PR will not matter...rather it the succession of business execution over time.
I am impressed with the cruiseline prepaid payroll mastercard deal today. Michael in IR actually kept his mouth shut on this one prior to the PR. He may be actually finally learning....
The bigger the deal, the harder it is to get IR signoff to release the name in a PR.
Thanks....I was googling the topic. It looks like this company serves the Navy:
http://www.tier.com/news/details.cfm?ID=299
I am sure that iHub ownership has been shifting everyday. Traders in pinky land usually only give their holdings a few weeks to move, or they sell...even if for a point loss. I expect alot of the volume lately has been distribution between traders.
It is always hard to get filled at the bid unless the price is moving down agressively down. During those times, you probably don't want to buy at the bid cause the price is going lower.
Getting a deal with the Navy...or in general, the military, would be huge and not out of the question. Now that the deals are rolling their credibility will increase and allow them to make their pitch to the GAO.
The only thing suspicious is the price manipulation. This play will pop at some point when most get tired of the pps BS and move on. Only the very patient will be rewarded. Esprit has it going on and the pps will respond accordingly, but only after all the short-term traders bail.
They did not disclose the cruise line name for a few reason.
First, because most likely this is a 'pilot' deal. If everything goes smooth, then they would expand the card usage. Until that happens, you don't want to wake up you competition who would try to cause problems before you become an established encumbent.
Secondly, as always, it is very difficult to get signoff to use another companies name in a PR. The bigger the company, the harder it is to get such permission.
Yes, the processing fees will be higher than normal when the prepaid cards are used for payrolls. If they targetted college students, you might get a fund deposit ever few months by a parent. Here, the deposits are every couple of weeks.
What did you expect? Discover Card?
Very nice PR today. The deals are flowing. I like how they targetted the marine industry....something that is definately overlooked but in heavy need for the prepaid cards.
Boy, selling is relentless. Impatience rules the pinks. The move to OTCBB continues to be critical for pps long-term health.