We bought FORSF at open 16 3/8 hit 16 then it closed at 18 7/8.. this y2k monster with 400,000 float ,,75% owned by institutions will go to 35 - 40 in a hurry ,, think of it as our SEEK at 12 1/2.. or SYNT 8 ,, only a few weeks ago.
We bought PTUS at 9 11/16 as it crashed down from Mont Sec, BS ,, I feel this is a bottom and we should see 11 just on short coverings.. I compare it to our buy of CREAF at 8 last year at the time Merril Lynch downgraded as they were sweeping up the bottom and took it all the way to 29 ,, PTUS has 4 mill float,, tons of institutions and 32 live y2k clients and growing revenue.. remember always buy when schmucks hate it..
ACNTF,, I am counting on the news next week ,, one of our member called the IR and the Russian deal is confirmed as well as a huge deal ,, remeber this was an IPO by same firm that did PRST ,,took it from 5 to 200 if you remember.. ACNTF also has been bought by Merril all week .. we are in at 5/8 - 3/4 and we go for
1 1/2 to 2 .. IR says if they get the big one this qt will see a profit or even for first time in corporate history ..
DGIV, we bought this up from .19 to 1 1/2 and it's sitting nicely at 1 1/4.. as CEO comes back from Asia and Mid East we shud see a flurry of announcements.. also the IBD article,,,,
Our RNTK ,,from our entry of 1 -- some of us are in from 1/8 and 3/8 th ;-) closed 2 3/32 strong ,, hitting 52 high of 2 1/4 ,, with 1 mill shares.. TX deal will be announced in early part of April I hear.. RNTK comparason SLHO closed today at 28 bucks,,,,, with 10 mill shares out ,, remember, folks ,, SLHO had exact no of shares as RNTK before they did a reverse 5 to 1 to 5 bucks from 1 then damm thing hit 100 and settled to 75 before they split,, like ZITL ,,they own only 30% of SYNT , soon to be IPO ,, rest of the eps comes from real estate transaction ,,imagine when our RNTK announces TX deal with all GTL .. is $ 9 per share a fare assumption when we are already sitting at 2 1/8 with out the reverse ? I say to 11 with carried on hype.. 90 mill market cap,, it's drop in the bucket for amount of ass we can kick with real oil from GTL ....now we know why we are hearing that Wall Street Journal article was well in preparation of the TX announcement.. still looking for that TX S-3 somewhere.. I am adding more next week ,, gastoliquids.com
TAVA, our baby from 2 1/8 th ,, broke new high at 11 1/2 , 2 days ago and closed 10 15/16.. I feel that TAVA is twisting and tormenting intra low of 10 5/8 and high of 11 7/16 is a metamorphosis of a stock growing up ,, a transition if you will ,, anothe life form ,, and feel we will see 15 - 16 very soon ,,I will take another peofit then ,,
Neither MMs nor have we seen TAVA's behavior in this new high ,so it's a purely academic thing .. we must establish the trading pattern ,, Also TPII ,, that sick puppy came out with embedded chip y2k issue,,sent the news release to TAVA management .. LOL
SYNT
I called it short at 38 open ,,and my hunch was right ,, it suckered in new buyers upto 38 1/4 ,, the novices then MMs slammed it down to 34 3/4,,,, seen it so many times with IOM , ASND and MANU ,, it's going down more,,this time lower than last weeks low of 29 and change.. CEO blew it today with Mark Haines on Squawkbox.. it's now sitting at no where land with Pru sitting on Bear line and others will join in ... (saw what happened to PTUS today ..)
New Gem
PEAFF peak.com
By now all of you have seen their web site and kudos given to them by PC Mag - Ziff-Davis Publishing and CNET review on web speeders,,,
Bloody stock is tight and 4 mill float.. at .24 cents ,, we were able to get first shares at ,28 and last member paid .40 ,,
Their web speeder sells for median range of 19,95 to 59,95 on the web with msrp of 88,99 for the high end ,, we all know the margin on soft ware.. who will use the web speeder ? I for one would use it ,, even with ISDN line which is considerably faster than 56.6 ,,it still hangs,, I am going to try their speeder and will report fully here..many of the professionals will use it inclding many of our members..
Going back to their revenue projection ,, on 13.5 mil mill shares ,, let say starting with Best Buy and 5 more chaines I was told,,i.e. CPU , EGGS ? and others.
Usual margin on software is 60% or higher ( look at Billy),, if they sold 100,000 units and median price of 30 bucks thats ,, 3 mill bucks..revenue ,,what if they sold 200,000 units even at the fully diluted count of 21.4 mill using conservative 60% margin ,,could mean an interesting return ,, and perhaps that is where this private funding came in at 3.5 mill at .43 per share..
I think we can bring this up to 1 1/2 faster than DGIV....
HBI
If Home Depot take over do not materialise we dump this dog on Mon at closing..
HELE
I am hearing a take over from SunBeam .. noticed the action last few days ?
Suggest Oct calls... worth a chance
ALLIF
Look for PE valuation play on this...
RSPN
Watch this ,, it's going to 9 ! first stop..suggest we buy some.. infamous madam G has been buying it all week .. it popped 30% today ..
Next week
You will get usual Barrons exercpts over the weekend ,, we groom PEAFF and ACNTF next week early ,, we will have another NASD and a BB as usual ,, concentrating only on quality ,,
Have a nice weekend all.. going out to celebrate..
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