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Yup
Anything under $10 for me is a penny stock...esp. if no option chain. Just my definition. 
Originally posted by DSteckler
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A sleepy little stock just came to my attention: ACS Tech80 Ltd. (ACSEF). It's an Israeli software company with a ton of cash reserves.
It's been knocked around a little, but I like it at $4.80, it looks good for some short term gains. I will probably put an order in for 500 at $4.79 and see what happens.
From Monday's press release:
Revenues for fiscal year 2005 were $11,428,000, a decrease of 21% from the $14,376,000 revenues reported in 2004. Revenues for the fourth quarter of 2005 were $2,906,000, a decrease of 19% from the $3,584,000 revenues reported in the fourth quarter of 2004, and a decrease of 8% from the $3,173,000 revenues reported for the third quarter of 2005.
Operating income in 2005 was $1,022,000, compared to $2,534,000 in 2004. Operating income for the fourth quarter of 2005 was $148,000, compared to $421,000 in the fourth quarter of 2004, and $527,000 in the third quarter of 2005.
Net income in 2005 was $974,000, or $0.31 per share, compared to $2,253,000 net income, or $0.70 per share in 2004. Net income for the fourth quarter of 2005 was $324,000, or $0.10 per share, compared to $376,000 net income, or $0.11 per share in the fourth quarter of 2004, and $465,000 net income, or $0.15 per share in the third quarter of 2005.
The company completed fiscal year 2005 with cash, cash equivalents and marketable securities of approximately $5.1 million, compared to $3.6 million at the end of 2004, due to a positive cash flow from operations.
The decline in revenues compared to 2004 is mainly attributed to a temporary business decline experienced by a large customer in the field of Electronics manufacturing equipment.
Revenues for the second half of 2005 increased by 14% as compared to revenues in the first half of 2005, exceeding our previous estimation of 5% to 10%.
Based on current improved market conditions and backlog of customer orders, we expect that revenues in the first half of 2006 will increase by 15% to 20% as compared to revenues in the second half of 2005.
Due to our strong cash position and expected positive cash flow, the company decided to further increase its investment in product development and in pursuing additional market opportunities in 2006. It is expected that such investments will boost revenues and operating income starting in 2007.Comment
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I would wait on CREE, chances are likely that it will pull back based on the STO curling down..depends on what candlestick appears at the end of the day but it appears like a doji which isnt good at the top of a trend....2 stocks to watch are DRQ and HYDL....DRQ had a kicker signal today which is very bullish i would buy on a pullback and HYDL is at the bottom of down trend and a bullish Harami may form today so wait for a buy signal...cus it just may test the 50 day average. Currently i am playing ADAM and ERS and having fun doing it !!!Originally posted by Peter Hansen
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I fully agree with your assessments on CREE. I would wait for a bit of a pullback before going in. Patience will be rewarded here.Originally posted by ninnerI would wait on CREE, chances are likely that it will pull back based on the STO curling down..depends on what candlestick appears at the end of the day but it appears like a doji which isnt good at the top of a trend....2 stocks to watch are DRQ and HYDL....DRQ had a kicker signal today which is very bullish i would buy on a pullback and HYDL is at the bottom of down trend and a bullish Harami may form today so wait for a buy signal...cus it just may test the 50 day average. Currently i am playing ADAM and ERS and having fun doing it !!!Comment
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BTW-I bought A.D.A.M. on 2/21 at 10.12 and sold this today at 11.50, and will probably buy it back again if it dips back to 10.55 or so. If you keep an eye on it and buy enough, I believe you will be able to do this regularly for a while, much like SIRI, when it regularly bounced between 2.5 and 3 a couple of years ago.Originally posted by ninnerI would wait on CREE, chances are likely that it will pull back based on the STO curling down..depends on what candlestick appears at the end of the day but it appears like a doji which isnt good at the top of a trend....2 stocks to watch are DRQ and HYDL....DRQ had a kicker signal today which is very bullish i would buy on a pullback and HYDL is at the bottom of down trend and a bullish Harami may form today so wait for a buy signal...cus it just may test the 50 day average. Currently i am playing ADAM and ERS and having fun doing it !!!Comment
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Suf
SUF bounced off of the double bottom and is looking strong. I like this one.
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At 36.10, I think that BHP Billiton is very attractive. Look for it to hit 40 by the end of the quarter.Comment
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I like SUF. I was watching it in November in the high 3's, really liked it and missed the super run to 19 in a 7 week spurt. Talk about asleep at the wheel! I liked it a couple of weeks ago at 8.50 and really like it today at 7.22!Originally posted by New-born babySUF bounced off of the double bottom and is looking strong. I like this one.Comment
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Guess that makes a $6.90 stock a 690 penny stock....<VBG>Originally posted by New-born babyAnything under $10 for me is a penny stock...esp. if no option chain. Just my definition.Comment
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Pennies
lol Dave.Originally posted by DSteckler
Market hot today. Bought CNQ Monday. Enjoying the ride.Comment
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im still holding ADAM since around 8. Im watching JOYG now.......will be buying on any pullback which will happan on this kinda of a strong day...short term target of 70.
cheersComment
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SGP is very appealing at 18.36 and I will be wading in during EH trading to increase my position. It remains my #1 US pharm pick.Comment
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Hey!
HEY Ninner! WHere have you been? Good to hear from ya, man!Originally posted by ninner
No doubt JOYG has more gas left in the tank. Double top breakout from $57.50 points to $65+ target. Nice
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studying candlesticks
i have been in seclusion somewhere in the mountains of Tipet....studying the true intrepretation of candlesticks with the great KY Wakamutzu......it was a quite an ordeal and experience...but the ying and the yangs are now in order
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Still not too late. TTM closed up 5.75% to 19.38, and closing in on $20 in extended hour trading.Originally posted by AdmanComment
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