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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (14577)11/9/1999 8:32:00 PM
From: carepedeum2000  Read Replies (1) | Respond to of 57584
 
my low float nominee is dtlk
fairly recent ipo, about 2.6 million float, profitable, spiked to 27 last week, now pulled back, consolidating between 18-19, sans play, so it is in right area , just a matter of time before this one runs again
does this fit the profile your looking for?



To: Rande Is who wrote (14577)11/9/1999 8:53:00 PM
From: Trumptown  Read Replies (2) | Respond to of 57584
 
Rande...do you have a thread for OTCs...I nibbled on DWEB yesterday...(hehe I was going to say I nibbled on a little DWEB yesterday...but, it just didn't sound right!:)

Been keeping an eye on it for the last few months

A healthy baby B2B:

OTC
Market Capitalization $10.0M
Shares Outstanding 2.59M
Float 1.70M

biz.yahoo.com

It's ready for some action...but this looks like the wrong thread for it

SR



To: Rande Is who wrote (14577)11/9/1999 9:19:00 PM
From: KM  Read Replies (1) | Respond to of 57584
 
Hi, Rande:

I've followed your thread but never posted. I have a low float special for you.

PAMC. It's a basically unprofitable insurance company located in Philadelphia. Nothing special. BUT

In the past year, it has recreated itself as HealthAxis.com They are gearing up to, and already are selling health insurance to individuals on the internet. They have some major carriers on board already, most notably, Aetna, who signed on a few weeks ago. It is not like INSW, which is basically a quote service. HealthAxis will take the application, write and administer the policy, including claims, I believe.

biz.yahoo.com

Their website won an award yesterday

biz.yahoo.com

and it has marketing deals with AOL and YHOO

biz.yahoo.com

Now, here's the interesting part. HealthAxis as an entity is 87% owned by PAMC. Plans originally had called for PAMC and HealthAxis to merge and roll up into a new entity called HealthAxis.com. This was put on hold last week pending talks regrarding a "business combination" with HealthAxis and a third party

biz.yahoo.com

Speculation is rampant on who the third party is. There are also many rumors floating around about a major investment in the company from big names, such as Microsoft. There are already investments from Intel, and private placements with Lehman Brothers and others.

biz.yahoo.com

This stock bottomed at 13 about four weeks ago. Since then, as you can see, it has gone straight up to 30 and then pulled back a bit. Earlier this spring, an analyst from EOffering wrote a report regarding the potential of HealthAxis, which caused the stock to go from 14 to about 42 in a few weeks. The report was premature though and over the summer, it gave back all the gains. It was added to the Russell 2000 in July.

Now, regarding the float. My understanding is that the total float is 12 million shares. Of that 12 million, all but 3.5 million are allegedly in the hands of insiders and institutions.

There has been EXTREMELY heavy call buying for the month of November. This is a stock which was very sleepy in the option department most of the year until about 7-8 weeks ago, when I saw heavy call buying of the November 35 calls. This was when the stock was 15-16. Since then, there has been heavy call buying at all strikes for November.

I watch this stock on level 2 all day every day and have for months. The market makers try everything they can think of to get people to sell. They drop bids, they offer low, anything they can to get people to panic out. They got lucky in the past week or so because it ran straight up on that "business combination" press release and the news did not come out immediately, which caused some people to sell. The market makers took advantage of that, as you will see by looking at the chart. In the past two days, they have failed to get any sellers at all. In fact, I saw INCA in the aftermarket today trying to buy more shares.

From the call buying I've seen, I have to surmise that whatever big news is coming will be coming next week before option expiration.

Look into this if you wish. I've done very very well with it and I think we may be just getting started.

Kerry

Disclosure: Large long position



To: Rande Is who wrote (14577)11/10/1999 1:27:00 AM
From: Bucky Katt  Read Replies (2) | Respond to of 57584
 
DKEY is real close to the 1.2 float mark. We have had
it before, so you know how it moves.

I remember GMAI best of all, as you know I was a buyer starting at $1 ...it eventually crossed $26

Your TUNE pick was another that sticks in my mind. A classic Rande pick!



To: Rande Is who wrote (14577)12/14/1999 3:27:00 PM
From: slaffe  Respond to of 57584
 
My low float pick is magr. Float is 2.2mil, ipo of eagletech is in the works, increasing revenues and the stock price has gone from sub $1 last week to the current price of $3 3/8 on huge volume, over 7 mil yesterday and over 4mil today.

Slaffe