Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: Mark_H who wrote (878)	2/5/1998 4:24:00 PM
From: Musya	Read Replies (2) \| Respond to of 1574

That is true about volume (on NASDAQ the volume is counted twice). But even taking this into account, 6 mil volume (3mil shares changing hands from holder to holder) Is somewhat extreem for a company that has 2mil of float according to one source, or 6 mil according to a conversation with "a person at the front desk" (what does HE know?). May be part of this volume is reshuffling of shares between MMs? At the time of volatility like this, it seems reasonable to assume that they will do that. I do not know. I wouldn't jump into "fishy" conclusion right away. Just they have a mess in the office due to doing the stuff for the first time (THIS way, through public entity - first time, I presume). On a technical note, I see many buys at 15k, 20k, I saw some "unusual" (well, that is how my system calls them) transaction of large volume (they are not reported on the ticker) going throgh today. A good indicator of the interest of smart public - increase of volume in the last 30 min of trading. This is the time of professionals. On a negative note: no increase of price at this volume during last half an hour. My read: ACCY may get a gap up tomorrow, but I'll not bet my life on it. In general, ACCY depends on news VERY strongly, so technicals make sense only if there is no news. And "no news" for too long is a bad news. Musya.

To: Mark_H who wrote (878)	2/5/1998 4:37:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 1574

Mark, I agree that volume cannot be used as an exact indicator of the float. However, when one sees 3X the supposed float traded in a single day, one is a fool if he does not become suspicious of the float numbers. Of course now, according to Riley, it turns out that my suspicions were correct and the float is 3X the float we were told. Now there are always honest mistakes......

To: Mark_H who wrote (878)	2/5/1998 5:24:00 PM
From: flightlessbird	Read Replies (2) \| Respond to of 1574

Interesting points about ACCY you MUST consider . . . 1. Golf is still VERY hot. Golfers still have A LOT of money. Golfers will still go GAGA over investing in a company that stages tournaments with high profile players like Nicklaus, Crenshaw, and __________ (we are about to find out who else). You can pick apart the funnymentals or the technicals all you want. Stocks with high profile names or other "prestige" factors will always trade at a premium. Look at Hard Rock Cafe or Planet Hollywood. Name recognition GATHERS INTEREST. It just does. 2. Add to that a management team that ACTUALLY has the experience and connections to pull this off and you have the makings of a very good company. Damian and David's backgrounds speak for themselves. 3. Add to that the fact that this tournament is a tribute to a golf legend, the late David Marr, and you have even further exposure and interest as all parties which to see the successful execution of this tournament by David Marr's son as a lasting contribution to the golf world. 4. Notice also how Monday's press release discussed the THIRD tournament. 5. Notice also how the CEO directly stated that ACCY will meet all reporting requirements as necessary to avoid getting delisted. I have spoken to Damian about this point and he is sincerely committed to becoming a fully reporting company. That is a very necessary demonstrative sign among bulletin board companies to provide assurance to its investors. 6. The debate here over float and outstanding shares is VERY misinformed. I believe this debate has resulted as a result of a host of new people jumping on this thread and spreading poorly acquired information. For those of us that have been on this thread for quite awhile, we all have known for a VERY long time that the total outstanding shares is 16M and the float is somwhere around 3-4M. Mark H. pointed out something that many have missed. Most trades pass from buyer/seller to the MM and then the MM to the new buyer/seller, thus resulting in a "duplicated" count. Add to that the fact that a large percentage of any huge volume surge as we experienced today is a large amount of daytraders buying and selling back and forth ALL DAY LONG. If we cut the raw figures out today, I personally believe that 1-2MM shares of the float actually were traded. And that doesn't shock all of my senses given that we are very, very near impending news releases of great importance. I have seen stocks trade their float many times over just before impending news and it is almost always a VERY bullish indication. A pump and dump implies hired promoters. ACCY hasn't even hired anyone to promote them yet. And if you believe for one second that this is a scam and that David Marr is attempting to pull one over on the golf industry, then you are sadly, sadly misinformed (and probably just flat out ignorant). This is no pump and dump. This is a very real company with very significant inroads into the golf profession. I rarely post any more these days (or I try not to) because long ago I realized these debates are generally meaningless. The money is flowing into ACCY right now and looks to continue. I have said all along (you can trace my earliest postings) that I feel this is a $1-2 minimum stock. And I still believe that to be true if not even more true today. I bought all my shares at .11 and stuck them in my pocket. As you do more research, I am sure you will come to the same conclusion that I reached long ago. This is the right management team with the right concept in the right industry at the right time. And I still feel this is the right price as well. Please do your research because I think it will only validate what us long-timers have said from day one. Please don't bother me with flames or other negative bs. I've seen it all. These are my opinions and you won't change them. I have been receptive to constructive comments and admit 100% what ACCY has to do to be successful, which of course, has attendant risks. What I WON'T listen to are the snide, pompous, know-it-all remarks that I have seen for 6 months from people like "this is a scam and y'all are lemmings". Give me a break. This lemming just made 500% on his money while you have been screaming on the sidelines. And for those that think I should sell and not be greedy, I cite to you Peter Lynch's own words about his most regrettable mistakes in investing: "I should have kept my winners longer." Good luck to all accy longs. The ride's been bumpy but we're getting there. Flightlessbird (as always)