posted
Volume up quite a bit from the previous weeks, today went up 11% on news but tomorrow might do MUCH better than that.
Trading above 5, 10, and 200 day EMA, busted above the upper Bollinger band today too. Ever since MACD has crossed the 0 mark stock has been trending upwards, STochastics could easily reach above 65 (key point IMO).
Keep in mind, this thing closed at .10 which seems to be the short term resistance point, if this breaks .10 and can hold it...I think we could see GREEEEN!
quote:Press Release Source: Radix Marine, Inc. Radix Marine Signs Joint Marketing and Development Memorandum of Understanding With Astrolabe Marine Group Ltd. Wednesday January 21, 10:01 am ET
SILVERDALE, Wash., Jan. 21 /PRNewswire-FirstCall/ -- Radix Marine, Inc. (OTC Bulletin Board: RDXM.OB - News), a marine vessel development company specializing in port and homeland security and defense initiatives, today announced that it has signed a memorandum of understanding with Astrolabe Marine Group, Ltd, a Vancouver based, Canadian marine vessel development company, to enter into a joint marketing and development agreement. ADVERTISEMENT
Under the terms of the memorandum of understanding, Radix Marine and Astrolabe will enter into an agreement whereby they shall implement a program of joint cooperation in each others' small vessel marketing, development, promotional, training and sales efforts. Specific areas of cooperation contemplated by the memorandum of understanding include the development of GB-11 Challenger and GB-12 Challenger prototypes (eleven and twelve meter boats, respectively) and bidding on an upcoming U.S. Government contract for the construction of utility boats.
"We are very excited at the prospect of working with Astrolabe, especially because of their established relationships in this industry," said Kathy Bright, C.E.O. of Radix Marine. In February of 2004, representatives from Astrolabe will travel to the Philippines to meet with civilian and military officials, with whom the company previously met in Vancouver, and present the Challenger series of patrol craft. The Philippine government has previously expressed an interest in obtaining marine vessels that can be applied to the patrol efforts of its Coast Guard and Police in the Straits of Malaca: Radix Marine believes that a joint marketing and development program with Astrolabe can position the company to meet this need.
This press release contains "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements include, among other things, (1) general economic and business conditions; (2) the success of our restructuring; (3) our ability to raise additional capital through the offering of equity or debt securities; (4) competition; (5) our ability to continue to build strategic relationships within the marine industry, particularly within the domestic and international high-speed USV market; (6) required accounting changes; (7) our relationship with the U.S. Government; (8) approval of our products by the U.S. Navy; (9) national security, including acts of domestic and international terrorism, and (10) other factors over which we have little or no control.
About Radix Marine
Headquartered in Silverdale, Wash., Radix Marine, Inc. specializes in port and homeland security and defense initiatives within the marine industry. The company's focus is on opportunities with the U.S. Navy, Coast Guard, and Marine Corps, as well as the international markets, for Unmanned Surface Vehicles, Challenger Class Patrol Craft, Unmanned Harbor Security Vehicles, and Commercial Vessels. Radix Marine is publicly traded on the NASDAQ Over The Counter Bulletin Board (OTCBB). For more information, please contact Radix Marine at 9119 Ridgetop Blvd., Suite 260, Silverdale, Wash. 98383; telephone: 360-692-6446; fax: 360-692-0977, or visit the company's web site, http://www.RadixMarine.com/ .
EDIT: Edited and bolded the GOV'T CONTRACTS portion....think about the possibilities. This could be a GREAT short term play, and even medium term I'd say.
[This message has been edited by Marcidius (edited January 21, 2004).]
quote:Radix Marine Inc 9119 Ridgetop Blvd., Suite 260 Silverdale, WA 98383 Phone: (360) 692-6446
DETAILS Index Membership: N/A Sector: Technology Industry: Computer Services Employees (last reported count): NaN
MULTEX ABRIDGED BUSINESS SUMMARY Radix Marine, Inc., formerly Modern MFG Services, Inc., operates through its subsidiary, Integrated Maritime Platforms International, Inc. Integrated is developing for construction an Unmanned Surface Vehicle Prototype. Integrated is part of an industry consortium, including Northrop Grumman and Raytheon, which is under contract to the United States Navy for the SPARTAN Unmanned Surface Vehicle Advanced Concept Technical Demonstration (ACTD). The SPARTAN ACTD is a four-year program for development of multi-mission patrol craft. Integrated also offers a manned, multi-mission craft called the GB Challenger series. This craft can be reconfigured to perform a variety of military, safety, security and environmental marine missions. The Company, through Integrated, intends to develop and market a line of manned and unmanned marine craft for the domestic and international market.
posted
And of COURSE I have to add a Trendspotter opinion... 80% buy...mmmm
quote:RDXM - RADIX MARINE (OTCBB) Date Open High Low Last Change Volume % Change 01/21/04 0.10 0.11 0.09 0.10 +0.01 2907215 +11.11%
Composite Indicator Trend Spotter (TM) Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Hold 20 Day Bollinger Bands Buy
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 548371
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Hold 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy 50-Day Average Volume - 834970
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Hold
Long Term Indicators Average: 67% - Buy 100-Day Average Volume - 519256
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