Profitable Traders

[GordonGecko]

AUCI NICE READ :))

Auctions International, AUCI.PK , recently IPO'd onto the marketplace. After a number of years developing their auction technology, a leading-edge online auction platform, the company has released their first 'product', aimed at the automotive dealer wholesale market, Autobidlive ( www.autobidlive.com ), a wholly owned subsidiary of Auctions International, Inc.

Reviewing their filings on www.Pinksheets.com shows their 15c-211, Initial information and disclosure filings, has been filed and includes some very detailed information on the technology they use for their servers (Oracle and Red Hat) and internet connection to make sure the systems are up 24/7/365.

http://www.pinksheets.com/otciq/ajax/showFinancialReportById?...

The chart has hit a double bottom today (1 month double bottom) after holding nearly steady around the $0.55 mark. Last time we saw this, it was followed by a move up over $0.65. With the current RSI, I believe we can see another similar move, especially with the recent press that has come out and the company pushing forward with its marketing campaign.

http://stockcharts.com/c-sc/sc?s=AUCI&p=D&b=5&g=0...

Management has indicated a marketing program to over 70,000 dealers is in the works. From their shareholder update release we see that is not the only marketing program they are pursuing:

"Our primary challenge is to increase our market awareness and demonstrate the viability of our business model. We have put in place several strategic relationships, such as www.CarrierRates.com and www.UShip.com , which allow our members to receive prices and bids on transportation services. These partners and others in the pipeline provide value-added services such as vehicle history reporting and listing services, which makes virtual trading reliable, easy and economically worthwhile. Our partners also will participate in co-marketing our services to their established customer base."

Future outlook for AUCI is positive as the company has not only begun using their in-house developed state-of-the-art technology through their wholly owned subsidiary, Autobidlive, they have also identified multiple commodity verticals, including industrial products, airplanes, artwork, stamps, and boats, which could benefit from its leading-edge online auction technology platform.

Additional information:

Website: www.auctionsir.com and www.autobidlive.com

Share structure:

Outstanding shares: 44 Million
Restricted shares: 25 Million
Public tradeable float: 2 Million (Per IR 27.Nov.07)

http://stockbuzz.us.reuters.com/ideas/show/62955