I was in and out of this one several times recently. Rumors of FCC approval but nothing other than that. Does anyone have opinons on this?
Posted by blueranger on :
cnes is a great swing trade stock. if you pull a chart on it over the last year you will see it bottom at .002 and run up to .0045... with some even higher runs... and it does this every 2 or 3 weeks..
so it tanked yesterday and now its doing its cycle...
1k turns into 2k on one of these cycles.. and you can ride it till news... and news is coming sometime.
Posted by <cruz> on :
volume has more than doubled today. there must be some news coming shortly.
Posted by George on :
It had a good run today but if I had not got out when I did it would of just been recovery for me.
Posted by gmh37 on :
something is going on here
gmh37
Posted by <cruz> on :
i don't know what's going on - something is coming. it's up 62%. i am still in.
Posted by George on :
It has done this 3 or 4 times in the last couple of months. But it has always gone back down...so keep a close eye if you are in
Posted by gmh37 on :
quote:Originally posted by <cruz>: i don't know what's going on - something is coming. it's up 62%. i am still in.
so am I
gmh37
Posted by <cruz> on :
must be the FCC approval volume was 3 times the average today. that didn't happen since jan 5th.
Posted by blueranger on :
i am going back in tomorrow..
Posted by cruz on :
wait until after GREENSPAN speech this morning to confirm.
quote:Originally posted by blueranger: i am going back in tomorrow..
Posted by rishid on :
I got in this morning, news rumored for end of week. Just take it for a ride and sell it at end of week
Posted by jagman925 on :
Just traded 19,000,000 at 12:35 PM CST. Some major accumulation on rumors.
Posted by cruz on :
quote:Originally posted by jagman925: Just traded 19,000,000 at 12:35 PM CST. Some major accumulation on rumors.
Posted by cruz on :
You traded 19,000,000 or somebody traded 19,000,000. FCC approval coming
quote:Originally posted by jagman925: Just traded 19,000,000 at 12:35 PM CST. Some major accumulation on rumors.
on, the first fcc approval it poped to .01 from .001/002 about 5x then it leveled off at around .003/004 the first run lasted about 11 days...go to stockcharts dot com and pull the chart...
this time it should pop for 1 to 2 weeks and rise to about .02... then it should fall back to around .01 or .009
Posted by blueranger on :
so i am going to do the thing i always do.. sell on news on top....and then buy back in when it finds its new level...if I am lucky i will double my shares...
i like knowing a stock real well...
Posted by jagman925 on :
FCC Approval yesterday about 5 PM? Excellent!
Posted by blueranger on :
cnes is running but it still not a bad deal in the .004's i bought months ago at .0042.....
when the news comes out penny land
Posted by windjunkee on :
It closed at .0033 yesterday -- the ask was .0036. I put my overnight bid in at .0037 and it gapped to .0041 -- right over my order. Got in finally at .0044. Lets see what happens today
Posted by rishid on :
News has not even been reported yet, was up 32% and is slowly coming down now.
Posted by Mr_Pink on :
Is there any news expected to come out anytime soon?
Posted by George on :
The news is out just not over the wire yet.
Posted by Mr_Pink on :
Where do you find the news? When should it hit the wire?
Posted by George on :
This is the FCC news that everyone is waiting on. It was posted to the FCC web site last night that CNES has approval but CNES has not come out with a PR yet.
Posted by Mr_Pink on :
I didn't realize that was the news you were talking about.I saw the post last night about the FCC aproval, I made sure to jump in to the CNES pool bright and early this AM...
Posted by gmh37 on :
This is the FCC news that everyone is waiting on. It was posted to the FCC web site last night that CNES has approval but CNES has not come out with a PR yet.
I just wonder what they waiting for
gmh37
Posted by tntrader on :
Well, I think they'll hit us with a few prs back to back.
Announcing the approval, then announcing some contracts..
To the moon!!!
Posted by Nicholas on :
Damnit Damnit Damnit!!!
I'm waiting on some cash to settle to get in on this and the wait is killin me Posted by Nicholas on :
How long til they announce do you think?
Posted by rishid on :
I am thinking, they know people know about it, so letting the stop go up, then close high for the day.
May then PR tomorrow and have stock climb even higher tomorrow?
Posted by Mr_Pink on :
Can a stock that has such a HUGE volume of shares (2 billion+) really be successful? It seems like the volume for CNES is so big, that it would be difficult for it to move up. I'n still pretty new to trading, I'm just curious to see what others think.
Posted by George on :
I do not think they have 2 billion shares out
Posted by George on :
its like 1.9 Posted by Mr_Pink on :
I didn't mean that they have that many out, just that they have that many available, at least that's what I thought I saw on the last 10Q.
Posted by Raptorsrule on :
Shares not withstanding...the chart suggests we go up tomorrow.
GLTA
Posted by blueranger on :
tomorrow another big day for cnes.. last run was 10 days of white candle sticks.
Posted by blueranger on :
News for 'CNES' - (ConectiSys Receives FCC Certification of Its H-Net-TM- BaseStation Product)
VALENCIA, Calif., Mar 09, 2005 (BUSINESS WIRE) -- ConectiSys Corporation (OTCBB: CNES), a developer of automatic meter reading technologies, announced today that the Federal Communications Commission (FCC) has certified its single channel H-Net(TM) BaseStation product--it's H-Net(TM)C1Base--for commercialization and sale. The Company's H-Net(TM)C1Base is designed to communicate with up to 1,000 H-Net(TM)-MeterSystems per network.
Upward Momentum
The Company believes that gaining FCC approval of its H-Net(TM)5.0 wireless meter reading system in December 2004 was an important step forward. With FCC approval of the Company's single channel H-Net(TM) BaseStation product, the Company believes that it is now positioned for market entry.
Robert Spigno, the Company's President and Chief Executive Officer, stated, "Achieving FCC approval of a wireless product in today's market is itself unremarkable. However, we believe that the combined FCC approvals of both of our wireless meter reading products have resulted in the ability to establish a new, propriety wireless commercial telecommunications meter reading network on a free public band that is ready for commercialization, deployment and sale in the United States, Canada and South America. We believe that this is a remarkable development for ConectiSys and for the wireless meter reading industry."
In Further News
In parallel with the Company's current single channel H-Net(TM) BaseStation product, the Company has been developing an eight channel H-Net(TM) BaseStation product--it's H-Net(TM)C8Base. The Company's new H-Net(TM)C8Base is designed to communicate with up to 10,000 H-Net(TM)-MeterSystems per network due to its multiple channel design and to deliver real-time energy consumption data at low-cost. The Company has verified initial functionality and has undertaken destructive testing of its H-Net(TM)C8Base hardware with several units in inventory that are awaiting new software for additional field testing. The Company anticipates submitting its new eight channel H-Net(TM) BaseStation product for FCC approval in April 2005. It should be noted that this product enhancement will not prevent sales of our current wireless product lines.
For additional information regarding FCC product approval, go to: Grant Certificate Issuance.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, delays in certification by the Federal Communications Commission of the Company's eight channel H-Net(TM) BaseStation product, the failure to obtain certification, the inability of the Company to commercialize and sell its wireless meter reading products, the inability of the Company to gain a competitive advantage in the wireless meter reading marketplace, the effect of the Company's products on the wireless meter reading industry, the effect of the Company's new products or product enhancements on sales of current products, and other risks detailed from time to time in the Company's periodic reports and other filings with the Securities and Exchange Commission.
SOURCE: ConectiSys Corporation
CONTACT: ConectiSys CorporationLuca S. Spigno, 661-295-6763 ext. 204InvestorRelations@ConectiSys.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Technology
Networks
Telecommunications
Other Technology
Communications
Other Communications
SUBJECT CODE: Product/Service
Source: Comtext Market News
Posted by gmh37 on :
The damn MM,s will not let go on this one JIMO
gmh37
Posted by rishid on :
Yea this is pretty unbelievable, this should be flying by now... but nope is down 6 percent.
Posted by gmh37 on :
I always say: sell on good news, it never fails
gmh37
Posted by glassman on :
have you guys read the 424B3 from 2-15-05?
Posted by Nicholas on :
Wow, this thing is dropping like no other, I wonder why?
Posted by Lucy Lastic on :
good this i got out at .059 yesterday
Posted by Lucy Lastic on :
yikes. thanks glassman.
Posted by Lucy Lastic on :
think it'll bounce back at all, or do we make like rats escaping from a sinking ship?!... (oh the shame..)
Posted by glassman on :
yes i think it'll trade up...i din't work out a supply/demand flow chart on it, or anything...it's just that there are a lot of shares...
GMH was right about the buy on rumor sell on news...
Posted by jagman925 on :
CNES may be getting ready to break out. Stocks usually go down after anticipated news (buy on rumor sell on the news).
All that's really needed is some back up information to the positive side for orders of the product or some other PR from CNES.
They've been very limited in the PR they produce which gives them credibility. So just be patient.
This one will have legs soon.
Posted by RamRock on :
looking good for tomorrow i think...
Posted by jagman925 on :
It may be a few days. Might break on no news at all.
Yesterday's 1% sell off of the S&P's means there's some extra cash out there.
If some of those new investors could come to know CNES and its potential...well, you get it.
Penny's are a little scary for some people. It's hard to beat the MM's (Market Makers).
Posted by glassman on :
it's not the MM's
Posted by gmh37 on :
Its going DOWN more this morning
gmh37
Posted by rishid on :
It is going to bottom at like .02 before it stops I think. Then we should see steady gains through April with some contracts hopefully.
Posted by jagman925 on :
Lot's of people are holding this stock. It might get into the high .002's. There will be a lot of accumulation again in the coming days and weeks and it will move up again.
It may even break above .005. It's run on no news at all before, but if they can give us some news and confidence about their future operations it will fly.
Posted by Peaser01 on :
![[Smile]](smile.gif)
volume was 3 times the average today. that didn't happen since jan 5th.
![[Frown]](frown.gif)