STOCKS To Watch/New Watchers
DBS Industries, Inc. (DBSS: .34) closed up .02 or 6% on volume of 267,800 shares. The average daily volume is 87,000 shares. There appeared to be some accumulation going on today, especially early in the trading session. Total shares outstanding are reported as 23.8 million shares with 16.7 million shares in the public float. Here is some information we received from an Internet source:
”DBS Industries, Inc. is a telecommunications company dedicated to providing a low-cost satellite-to-Internet data messaging service to and from remote locations. Through its ownership interest in E-SAT, Inc., the Company is the only company currently licensed by the FCC to provide commercial two-way data messaging services using the code division multiple access (CDMA) technology and Little LEO, low-earth-orbiting satellites, known as the NewStar System. The Company expects to begin providing its data messaging services in 2002. The Company's initial target market is data collection and communications with energy meters in hard to access locations.”
The chart shows a stock trying to spike higher off of a low. The stock may be good to .50. The 52-week range is .05 to $1.07.
Palamar Enterprises, Inc. (PALR: .12) closed up .03 or 33% on volume of 202,400 shares. The average daily volume is 46,000 shares. The Company announced today that it has appointed a former Citicorp executive, Mr. John Cavaiuolo, to the Board of its new debt acquisition venture.
Mr. Cavaiuolo apparently has over 40 years experience in the Financial Services and Information Business. Throughout his career at Citicorp, he held a variety of senior line management and senior staff positions encompassing consumer, commercial and investment banking; and information and technology operations. Some specific areas include the management of: Citicorp's Specialty Merchants private label credit card business, Citicorp's consumer bank operations including the consumer and student loan portfolios, and the Citicorp POS information business.
The Company said today his breadth of experience at Citicorp and as a consultant spans several disciplines; business management and strategies; production management, customer service and credit cycle management; branch banking, distribution and payment mechanisms; technology organizational analysis, reengineering and cost containment; crisis management financial systems and control.
Mr. Cavaiuolo completed his undergraduate work in Business management at St Johns University and completed his graduate work in marketing, finance and business strategies at New York University and the Harvard Business School.
Regency Horizon Corporation is a newly formed financial services company created by PALR to provide funding for a growing portfolio of non-performing debt from previously non-locatable debtors. The company intends to build its portfolio of acquired debt, and through managing collections, return exceptional profits on a proportionately small capital investment.
Management has recently entered the pre-acquisition phase by reviewing and scoring available debt portfolios from the nation's leading banks. Upon receipt of funding, Regency Horizon expects to acquire its first traunch of debt at a substantial discount.
Through its arrangement with People Locator Inc., the nation's leading debtor information provider for non-locatable debtors, Regency Horizon intends to acquire and collect on a specific debt portfolio. Given the current economic climate and with consumer debt at all time record levels, the company says it intends to be immediately successful in this burgeoning industry.
The total shares outstanding is reported as 46 million shares with 9.4 million shares in the public float. The chart shows a stock that has just broken out to the upside. A move to the .25 to .30 range within days would not surprise us. The 52-week range is .03 to .65.
Previous Watchers
Bach-Hauser, Inc., (BHUS: .055) closed up .014 or 34% on volume of 1.5 million shares. Formed on October 10, 1995, BHUS has been in the developmental stage since inception and has no operating history other than organizational matters. Originally, the Company's primary focus was to seek a company or companies with which it could merge or acquire. On September 3, 1999, the Company entered into a licensing agreement with TCR Environmental Corp, which designs, constructs, equips and operates waste management facilities for the recycling, composting and disposing of municipal and institutional solid waste, and the sale or other disposition of the resultant compost and recycled products. TCR currently operates a waste-processing facility in Aylmer, in Ontario, Canada, which will serve as a model for the turnkey waste-processing facility proposed by TCR to be manufactured and marketed throughout the world. The total shares outstanding are reported as 14.1 million with a public float of 13.1 million.
The chart shows a stock on a bottom formation with an attempt to recover. The 52-week range is .02 to .13. It appears to be a shell play. It looks good for a 100% gain if the volume increases. Longs had a good day today.
Saloman Alliance Group (SAGE: .16) closed up .02 or 14% on volume of 54,200 shares. The volume picked up a little bit today. The average daily volume is 46,000 shares. We have been talking about this stock now since the .08 area several days ago. Solomon Alliance Group Inc. is a development stage company with plans to become a comprehensive end-to-end provider for voice and data communications solutions. The Company plans to develop its business through its existing subsidiaries, strategic alliances and additional acquisitions. All of the Company's current revenues are derived from the products and services it offers through DRN Inc., a reseller of telecommunications equipment. DRN provides telecommunications network solutions to growing technology companies through its sale of terrestrial and satellite based communication infrastructure products and services. DRN sells a wide variety of new and refurbished telecommunications equipment, including VSAT equipment, multiplexers, modems, routers, and many types of network-access hardware.
The Company has had no press releases since October 9, 2001, when it announced that it had agreed to enter into a long-term supply agreement for the supply of Solomon’s proprietary wireless systems to Digital Broadband Networks, Inc. (DBBN: .075)
The chart shows a stock certainly trying to move up off of its 52-week low of .065. The annual high is .39. The total shares outstanding are reported as 22.2 million shares with 10 million shares in the public float. We said it looked good for a double and we were right. The next area we need to see it test is the .20 area.
Asdar Group (XBET: .33) closed down .005 or 1% on volume of 309,000 shares. The average daily volume is 612,000 shares. In January 2002 Asdar Group acquired the right to purchase 31.6% of Toronto-based Biotechnology Company, ACGT Corporation, with the ability to acquire a further interest as warranted by the developments of ACGT. Asdar has purchased the rights, title and interest in this transaction from third parties in exchange for the issuance of 8 Million restricted shares of Asdar. Asdar has committed to provide ACGT with US $5,000,000 over the next 8 months for corporate development and working capital. With this US $5,000,000, ACGT says it can expand its current revenue at full speed, as well as its research and development. ACGT says it operates in a $20 billion dollar market and has a proven, capable management team with the skills and focus necessary to capitalize on this market.
We are currently watching for a breakout above the .35 area. The stock is just off of its 52-week low and still holding up. The annual high is .94. A move to the .50 area is certainly possible from here and we are watching. It is strange how it is trading sideways and is having so much trouble breaking out. Someone is certainly selling, but there is enough buying coming in to keep it from tumbling. Interesting. We will continue to watch and notify you via alert of an intraday breakout.
Magnitude Information Systems Inc. (MAGY: .1325) closed down .0025 or 2% on volume of 203,400 shares. It traded as high as .14 intraday. The average daily volume is 76,000 shares. Magnitude markets an integrated suite of proprietary software modules under the name ErgoManager. The modules are designed to help individual computer users and businesses increase productivity and reduce the risk of potentially preventable repetitive stress injury (RSI). These software modules can be applied individually or together in a comprehensive ergonomic and early intervention program that seeks to modify a user's behavior by monitoring computer usage patterns over time and warning the user when to break a dangerous trend in repetitive usage of an input device, such as a keyboard or mouse.
The total outstanding is reported as roughly 25 million shares with 13.3 million shares in the public float. Like the typical premium service Stock to Watch, the Company has had no press releases for months. The chart pattern shows it trying to come off of a bottom. Why the huge volume right out of nowhere? This looks like 100% is certainly possible. It is a slow mover but keep in mind the slower they move the more likely an upward move is sustainable. If the current trend continues .20 is right around the corner. With a high-powered press release and some strong buying it could move much higher.
APO Health, Inc. (APOA: .12) closed down ..01 or 7% on volume of 57,300 shares. The average daily volume is 38,000 shares. Total outstanding is reported as 23.5 million with only 7.8 million in the public float. APO Health, Inc. says it distributes medical, dental and veterinary supplies that are manufactured by others. These products include protective garments, such as disposable isolation gowns, face masks and gauzes, as well as other medical disposable items including latex gloves, needles, syringes and health and beauty aids. Products are marketed and sold primarily on a wholesale basis to other distributors (approximately 70% of total revenues), directly to doctors, dentists and veterinarians (approximately 25% of total revenues) and to others, including to consumers and through export to foreign countries (approximately 5% of total revenues). The Company obtains its products from third-party manufacturers and suppliers. On June 13, 2001, the Company formed through a reverse acquisition between APO Health, Inc. and InternetFinancialCorp.com, Inc.
For the three months ended 12/31/01, revenues reportedly rose 7% to $6.8 million. Net income fell 37% to $61 thousand. The Company apparently has a book value of .06. Its cash position was recently reported as roughly $579,000. The stock is near its 52-week low of ..10. The annual high is $3.30. At the beginning of 2002 the stock was in the .50 area. The chart shows a stock poised for a turnaround. The next few days could get interesting and we will continue to watch it.
Removed Today
Exotic.com, Inc. (EXIC: .22) closed down .04 or 15% today on low volume of 16,000 shares. The bid had been ticking higher and we are surprised the volume has not come in. EXIC has been very volatile in the past with wild swings both ways. From this point a move to the .75 to $1 range would not surprise us as long as someone doesn’t slam the stock and sell into the buying that has come in. But the stock is going to need some major volume to get there. Without the volume this stock is dead so it belongs in the graveyard.
Ruby Mining Company (RUBM: .20) closed down .04 or 16% on volume of 499,200 shares. We first told Premium Subscribers about this stock last week at .15. In one session this week she ran to over .30 intraday. So this amounts to almost 100% move in the stock price since we introduced it Time to send her to the graveyard.
Winmax Trading Group, Inc. (WMAX: .13) closed down .02 or 13% on volume of 98,000 shares. The sellers will not get out of the way so we throw it to the graveyard until they do.
Travlang, Inc. (TRVL: .14) closed down .09 or 39% on volume of 811,400 shares. TRVL moved up 100% in roughly 24 hours after we put out our first alert at .12. It is ashamed it could not hold up and instead returned to its low level. Time to move on.
Empire Energy, Inc. (EECI: .15) closed down .01 or 9% on volume of 26,000 shares. The bid collapsed down to .12. According to a recent profile on the Company, it has a book value of .48 per share. Does this mean the Company is undervalued? Not necessarily. But in our experience when a “glitch” like this happens the stock price usually ends up returning closer to its book value sooner or later. The reported stock structure is very unique, with 16.2 million shares issued and outstanding with only 800,000 shares in the public float. Who is holding it back?
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