Sergio, my most interesting play right now is ETEL. ETEL develops, produces, markets and supports open telecommunications software and related hardware that enables, enhances, and manage telephone communications over the Internet and private Internet Protocol networks. For the three months ended 6/98, revenues totaled $433
thousand, up from $88 thousand. Net loss totaled $1.9 million, up from $587 thousand. Revenues reflect the availability of the Company's T2000 product line. Loss reflects increased T2000 promotional costs.
It hit one of my scans on Tuesday. TA was interesting, took a big hit from a high of 20 on 8/18 to a low of 3 on 9/11 but was starting to show some signs of life DMIADX, RSI, MACD, Bollinger bands have been getting squeezed since mid October etc. So I thought I would give it the once over. Fundamentally I couldn't find a good reason for the big hit or a good reason for it to suddenly turnaround, there were some warrants that were taken care of and a private placement of stock freeedgar.com
There is also some court case they are involved in biz.yahoo.com but nothing to cause the big fall, at least I didn't think so.
OK so I continue and then this
Message 6650734
There was not press release today, and now I don't think that's it because COMT is not moving up. Now there is a rumor that Lucent may buy them out, again rumor no verification no press. And now I see it's getting talk on Tokyo Joe's thread, oh no.
Todays action
Avg daily volume 143,000
Yesterdays volume 875,000
Todays volume 2.1 million
Float 2.1 million
Big sell off 26% from 2:45 to 3:50
Last ten minutes gets 13% of it back
Closes at 4 7/16 +31%
Still no news, still do not know what's driving it, held my tickets for tomorrows show, we shall see. If it can hold above 5 there's no telling what could happen.
ETELs web site datatelephony.com
Internets, got to love em
Joe |
