no where but up IMO and moves on nothing!
Posted by stocktrader2006 on :
What is up with the 50% drop the past couple of days?
Posted by stocktrader22 on :
quote:Originally posted by stocktrader2006: What is up with the 50% drop the past couple of days?
no clue...but I like it...when it drops like that and then insiders buy up a whole hell of a lot! Check out the Form 4's filed....insiders are not acquiring...but purchasing a lot of shares!
Posted by stocktrader22 on :
$3.27 now..
Posted by stocktrader22 on :
Looks like the CEO in the past few days has bought around $1.2 million worth of common stock.
Posted by stocktrader22 on :
Last thing lol...also oversold with 16 RSI
Posted by Repoman75 on :
I am definitely radaring this... huge insider transactions recently, profitable.. forget the T/A on this, there has to be big news events coming. They also attended the Roth presentation.
Good find ST22.... like Cramer, I am now pumping your find.
Posted by Chart walker on :
radar on,... looks like it's around it's bottom (shorter candle stick gives that away)...
Repo has T/A not proved itself yet for you?..
-I mean when someone actually can "read" WTH is going on ~
I would like to see the C MONEY Flow turn around first before a buy, another shorter candle would be nice to, -in a perfect world
-it is looking like a plane crash... -but does have that shorter candle going for it...
But like I said, Radar is ON!! Posted by stocktrader22 on :
quote:Originally posted by Chart walker: radar on,... looks like it's around it's bottom (shorter candle stick gives that away)...
Repo has T/A not proved itself yet for you?..
-I mean when someone actually can "read" WTH is going on ~
I would like to see the C MONEY Flow turn around first before a buy, another shorter candle would be nice to, -in a perfect world
-it is looking like a plane crash... -but does have that shorter candle going for it...
But like I said, Radar is ON!!
Also has the CEO buying 1.2 million worth of stock from 12/4-12/6
im sure hes not in the game to lose money
Posted by Chart walker on :
whoa!!! stock...
-boy do I see your point!
And point "noted" thx ~
Posted by Repoman75 on :
These are the best kind of plays. Same thing happened with NTRZ. Insiders bought a bunch at $1.20, then major news, and bam, easy 100% gain in a few months.
Company is already profitable... and coming off the lows. There has to be something big coming in terms of news in the next few weeks.
Its funny.. the SEC regulates when insiders can SELL, but not when they can buy. THAT'S YOUR SIGNAL.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75: These are the best kind of plays. Same thing happened with NTRZ. Insiders bought a bunch at $1.20, then major news, and bam, easy 100% gain in a few months.
Company is already profitable... and coming off the lows. There has to be something big coming in terms of news in the next few weeks.
Its funny.. the SEC regulates when insiders can SELL, but not when they can buy. THAT'S YOUR SIGNAL.
Yup, this seems like an easy 100% in my book.
Look at the volume the past few days... Posted by Repoman75 on :
quote:Originally posted by stocktrader22:
quote:Originally posted by Repoman75: These are the best kind of plays. Same thing happened with NTRZ. Insiders bought a bunch at $1.20, then major news, and bam, easy 100% gain in a few months.
Company is already profitable... and coming off the lows. There has to be something big coming in terms of news in the next few weeks.
Its funny.. the SEC regulates when insiders can SELL, but not when they can buy. THAT'S YOUR SIGNAL.
Yup, this seems like an easy 100% in my book.
Look at the volume the past few days...
I don't know about 100%, but this is the play where the old adage "You need money to make money" comes in.
This has significant daily volume where you can throw $50K into it and not shake the PPS... plus, if you get even 50% return, $25K is nice.
I think I may just do that on a pullback.
Posted by Repoman75 on :
They also have a NAS application pending.. I wonder what the hold up is.. have to listen to the CC.
Posted by Chart walker on :
ah, now I see...
You guys are a little longer holders then me..
And I wasn't knocking this stock btw... But being who I am and looking at the chart it (not knowing anything else) yells DEAD CAT BOUNCE in my head, that's why I didn't yell "Buy the crap out of it." fyi
Makes sense on my side to now? -I hope!
Maybe when PBLS is done running, bagged the VERY bottom of that puppy!
Like I said, Radar on boys! Nice find Stock!!!
Be joining you soon Posted by Repoman75 on :
quote:Originally posted by Chart walker: ah, now I see...
You guys are a little longer holders then me..
And I wasn't knocking this stock btw... But being who I am and looking at the chart it (not knowing anything else) yells DEAD CAT BOUNCE in my head, that's why I didn't yell "Buy the crap out of it." fyi
Makes sense on my side to now? -I hope!
Maybe when PBLS is done running, bagged the VERY bottom of that puppy!
Like I said, Radar on boys! Nice find Stock!!!
Be joining you soon
Yes, that is usually how I make my money, longer term holds - 2-3 months (unless I discover the HOly Grail like FRPT). And for that time period, fundamentals like the ones mentioned above are everything.
But T/A still helps in timing your entry.
Posted by stocktrader22 on :
Repo...I just emailed the company's investors relations asking about nasdaq approval. I'll let you know soon
Posted by Chart walker on :
Fantastic! Well, looks like the next money maker is lining up for us, outstanding!
A CEO putting that kind of money down...-gota like that ~
Q. Is there a restriction of the selling of shares bought when an insider buys???
Posted by stocktrader22 on :
quote:Originally posted by Chart walker: Fantastic! Well, looks like the next money maker is lining up for us, outstanding!
A CEO putting that kind of money down...-gota like that ~
Q. Is there a restriction of the selling of shares bought when an insider buys???
not sure how the selling works, but it must be reported by a form 4 sell, and all the form 4's lately have been buys.
Posted by PCola77 on :
I thnk they can't sell for 6 months after a purchase on the open market.
Someone correct me if I'm wrong.
Posted by Repoman75 on :
No, but they can't sell just on a whim. They usually use Planned Sales so that they are not liable if bad news hits at the time of their sales.
Posted by PCola77 on :
This says "Short-swing profits (profits realized in any period less than six months) by corporate insiders in their own corporation's stock are prohibited "
So I think I am correct about the 6 month thing, but again, someone let me know if I'm oversimplifying it.
Posted by Repoman75 on :
This says "Short-swing profits (profits realized in any period less than six months) by corporate insiders in their own corporation's stock are prohibited "
So I think I am correct about the 6 month thing, but again, someone let me know if I'm oversimplifying it.
I guess you're right.. good find.
Posted by PCola77 on :
I remember reading that 6 month thing a few months ago, can't even remember what I was looking for at the time, but the fact that I just found it on a site that I am pretty sure isn't the one I originally saw it on, I feel pretty confident about it.
One question I have though, and this will probably show my inexperience, is that before the big buys over the last few days the CEO only held 132,500 shares, and he got 100,000 on Oct 5. So before Oct 5th he had 32,500 shares. Isn't that REALLY low for a CEO? Especially as a % of 10million O/S?
Posted by Repoman75 on :
quote:Originally posted by PCola77: I remember reading that 6 month thing a few months ago, can't even remember what I was looking for at the time, but the fact that I just found it on a site that I am pretty sure isn't the one I originally saw it on, I feel pretty confident about it.
One question I have though, and this will probably show my inexperience, is that before the big buys over the last few days the CEO only held 132,500 shares, and he got 100,000 on Oct 5. So before Oct 5th he had 32,500 shares. Isn't that REALLY low for a CEO? Especially as a % of 10million O/S?
Yes and no. Depends.. did he sell a lot before that? Is he new?
The bottom line is, he knows SOMETHING is up.
Posted by Russell Jones, O.D.B. on :
Something indeed.
Posted by Repoman75 on :
ARCA is dumping shares... entry time may be soon.
Posted by stocktrader22 on :
looks like here is a dip
Posted by PCola77 on :
He had more but dumped some earlier in the year, then they did a 1:10 reverse split as far as I can tell.
I guess I always just thought that officers held a good portion of the stock. No big deal.
Posted by stocktrader22 on :
Bottom line is this...CEO just purchased about $1.2 million worth of stock from $3.20-$6 range.
He doesn't want to lose this money. Expect the stock price to appreciate. End of story.
Posted by Repoman75 on :
quote:Originally posted by PCola77: He had more but dumped some earlier in the year, then they did a 1:10 reverse split as far as I can tell.
I guess I always just thought that officers held a good portion of the stock. No big deal.
Usually the case when dealing with pinks so those crooks can dilute on you.. but not in bigger companies.
Posted by PCola77 on :
Another question, microcaptrade shows no volume from Nov 12 - yesterday. If the CEO bought on the 4th, is it safe to assume that it's a problem with Microcaptrade?
Posted by Repoman75 on :
quote:Originally posted by PCola77: Another question, microcaptrade shows no volume from Nov 12 - yesterday. If the CEO bought on the 4th, is it safe to assume that it's a problem with Microcaptrade?
No volume? Its traded 800K shares today!
Though, the symbol doesn't come up on the SEC website either soo...
Posted by stocktrader22 on :
No, today's volume is fine, sa was yesterday's, it was the few weeks before that that seems to be missing
quote:Originally posted by Repoman75:
quote:Originally posted by PCola77: Another question, microcaptrade shows no volume from Nov 12 - yesterday. If the CEO bought on the 4th, is it safe to assume that it's a problem with Microcaptrade?
No volume? Its traded 800K shares today!
Though, the symbol doesn't come up on the SEC website either soo...
Posted by stocktrader22 on :
Wow they are taking this down now...
Posted by Baxt06 on :
bounced pretty good off of 3.07...seems to have somewhat of a floor around 3.10
Posted by PCola77 on :
I put a bid in at 3.08 just after it hit 3.07 didn't get filled. Oh well.
Posted by stocktrader22 on :
recovering nice now..
Posted by Jo4321 on :
I like Repo's picks. I'm in at 3.15. I tried to cancel that order and make it $3.10, but my damn internet froze right at that moment.
Edited to add:
I mean I like Repo's PUMPS and Stocktrader22's PICKS!
Posted by Russell Jones, O.D.B. on :
any particular short-term target you're shooting for?
Posted by Repoman75 on :
$5 within 3 months.
Posted by stocktrader22 on :
The hold up to date has been the filing of the Company's Annual and Quarterly report. Call with any additional questions.
Sincerely, David Zazoff 212-505-5976
-----Original Message----- From: ****** [mailto:******] Sent: Thursday, December 07, 2006 1:26 PM To: PressReleases*Za-Consulting.net Subject: IEAM Question
Dear Mr. Zazoff,
I am a current shareholder of Industrial Enterprises of America and had a question concerning nasdaq approval. On June 26th, it was press released that the company had filed an application to get to nasdaq. It is now December and the company has still not been approved. What is the holdup? Thank you.
Sincerely,
*********
Posted by Repoman75 on :
Hmmmm...
Posted by stocktrader22 on :
quote:Originally posted by Repoman75: Hmmmm...
I see the annual and quarterly report filed...looks like last amendment was yesterday. Maybe nasdaq real real soon...hence CEO buying!
Posted by Repoman75 on :
quote:Originally posted by stocktrader22:
quote:Originally posted by Repoman75: Hmmmm...
I see the annual and quarterly report filed...looks like last amendment was yesterday. Maybe nasdaq real real soon...hence CEO buying!
Now you're catching on young Jedi.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22:
quote:Originally posted by Repoman75: Hmmmm...
I see the annual and quarterly report filed...looks like last amendment was yesterday. Maybe nasdaq real real soon...hence CEO buying!
Now you're catching on young Jedi.
Lets just say its starting to add up...and im really liking this.
Posted by Russell Jones, O.D.B. on :
quote:Originally posted by Repoman75: $5 within 3 months.
Yeah, I'm right there with ya.
Anyone who hasn't looked up the CEO's history yet might like to do so.
John D. Mazzuto
Posted by Repoman75 on :
Here's from when he was another Board... read carefully.
John D. Mazzuto Chairman of the Board of Directors September, 1995 to present. Director and former Chairman of the Board of Directors from October, 1990 until November, 1993. Mr. Mazzuto also serves on the Board of Directors of Chester Holdings, CPT Holdings, Texfi Industries, Inc. and Weldotron, all public companies engaged in a variety of businesses. Since February, 1991 he has been Chairman and Chief Executive Officer of Greystone Partners, Inc., a private investment bank specializing in assisting companies complete successful turnarounds and providing them capital as appropriate . Prior to February, 1991, Mr. Mazzuto was Chief Executive Officer of the North American operations of Asian Oceanic Holdings, Ltd., a Hong Kong based international merchant bank.
Posted by Repoman75 on :
John Mazzuto, 56, a director and the Company's Vice Chairman of the Board, Chief Financial Officer and Assistant Secretary, has been an investor, financial consultant and advisor to a number of mid and small sized firms in various industries. Previously, he was Managing Director of corporate finance of Chemical Bank of New York. Mr. Mazzuto was Group Managing Director of an international merchant bank and was a member of the board of directors of a number of companies. Mr. Mazzuto graduated from Yale College in 1970.
Posted by stocktrader22 on :
yup sounds a lot better than RUFUS!!!! DOH
Posted by stocktrader2006 on :
he he
Posted by Repoman75 on :
quote:Originally posted by stocktrader22: yup sounds a lot better than RUFUS!!!! DOH
Gary the Retard is better than Rufus...
Posted by PCola77 on :
My order still hasn't filled. interesting, seeing as the ask is 3.08. C'mon babay!
Edit: Okay now it's filled.
Posted by Baxt06 on :
From the Nov. 3rd PR:
According to Chief Financial Officer, James Margulies, ``The third quarter 2006 filing is significant in that it reflects resolution of the various open accounting issues as previously detailed. These restatements, as stated earlier, will have no material impact on the Company's strong results for the fourth quarter or the earnings guidance of $1.20 per share previously provided for fiscal 2007.''
That's a leading PE of 2.6 for 2007...might explain why the CEO is buying all he can.
Posted by stocktrader22 on :
quote:Originally posted by Baxt06: From the Nov. 3rd PR:
According to Chief Financial Officer, James Margulies, ``The third quarter 2006 filing is significant in that it reflects resolution of the various open accounting issues as previously detailed. These restatements, as stated earlier, will have no material impact on the Company's strong results for the fourth quarter or the earnings guidance of $1.20 per share previously provided for fiscal 2007.''
That's a leading PE of 2.6 for 2007...might explain why the CEO is buying all he can.
I wonder why Marguiles is buying too
Looks to me like its nasdaq time with substantial earnings. Like the prospects here.
Posted by stocktrader22 on :
To sum it up based on my opinion:
what I do know is when it was at $6 the CEO was buying tons of shares....he bought it from 12-4 to 12-6 from $6-$3.20
The CEO purchased in the open market close to $1.2 million worth? Do you think any person is in the business to lose money? I don't think so!
Go ahead and look how profitable this company is expected to be. Check out the CEO's background...Yale graduate, very knowledgeable, lots of experience.
According to Chief Financial Officer, James Margulies, ``The third quarter 2006 filing is significant in that it reflects resolution of the various open accounting issues as previously detailed. These restatements, as stated earlier, will have no material impact on the Company's strong results for the fourth quarter or the earnings guidance of $1.20 per share previously provided for fiscal 2007.''
Okay take those earnings x 15 PE = $18 share price
Only 10 million shares outstanding...
Look at the PR on June 26th, about how quick they are expanding and have filed a form for nasdaq approval.
Check out this email I received back: -------------------------------------------------------------------------- The hold up to date has been the filing of the Company's Annual and Quarterly report. Call with any additional questions.
Sincerely, David Zazoff 212-505-5976
-----Original Message----- From: ****** [mailto:******] Sent: Thursday, December 07, 2006 1:26 PM To: PressReleases*Za-Consulting.net Subject: IEAM Question
Dear Mr. Zazoff,
I am a current shareholder of Industrial Enterprises of America and had a question concerning nasdaq approval. On June 26th, it was press released that the company had filed an application to get to nasdaq. It is now December and the company has still not been approved. What is the holdup? Thank you.
Now after looking at what investors relations said, you do the thinking for me. The latest 10Q was just amended on 12/06/06.....they have had trouble with their filings and had to get some stuff restated on there. That's why they havent gotten nasdaq approval yet. Now that the annual and quarterly is restated and correct what do you think is next? Isnt it funny the CEO is buying shares from 12/4/06-12/6/06...and not just buying a little but $1.2 million worth? If I had to guess....I'd say he knew the 10Q/A was about to be completed, and nasdaq is right around the corner. When earnings come in from this 4th quarter and combine it with a possible nasdaq listing...watch what happens
Well that's my take, and as always just my opinion
Posted by stocktrader22 on :
another opinion from HSM which makes complete sense!
If you look at the chart for IEAM, the big drop off occurred on 4 Dec 06. With improved revenues as reported in the 10-QSB on 4 Dec 06, it makes you wonder why the big drop off? The file had to be amended because (read Bold):
The Amended Quarterly Report on Form 10-QSB for the period ended September 30, 2006 (the “Original Filing”) was inadvertantly filed with a box checked in the section titled “APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDING DURING THE PRECEDING FIVE YEARS”. This box should not have been checked. Accordingly, in this Second Amendment to the Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006 ("Amendment No. 2"), the Company has made the same filing but with the box unchecked..
Pursuant to the rules of the Securities and Exchange Commission (the "SEC"), Item 6, "Exhibits," of Part II of this Amendment No. 2 to the Original Filing has been amended to contain updated certifications from our Chief Executive Officer and Chief Financial Officer, as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002.
This Amendment No. 2 only amends and restates the Items described above to reflect the effects of the restatement, and we have not modified or updated other disclosures presented in our Original Filing. Accordingly, this Amendment No. 2 does not reflect events occurring after the filing of the Original Filing and does not modify or update those disclosures affected by subsequent events, except as specifically referenced herein. Information not affected by this Amendment No. 2 is unchanged and reflects the disclosures made at the time of the Original Filing on December 4, 2006.
The drop off occured after the original filing. Do you guys think this error inadvertantly caused the sell off? This might explain it. However, I have one more possibility that is a little more far reaching, suppose the error on the 10-QSB was made on purpose to allow for a buying opportunity for the insiders who are at present buying large sums of common stock. The 10-QSB was recieved by the SEC on 4 Dec 06 at Accepted: 2006-12-04 06:05:20 . Did the massive sell off on 4 Dec 06 begin as soon as the market opened? If so, this might lead one to believe the 10-QSB that had to be amended might have caused the big sell of on 4 Dec 06 and the subsequent days.
Now that it has been amended and all of the company officers have had there fill of cheaper shares, do we see a bounce?
Posted by PCola77 on :
With regard to the CEO buying as much as he had I have a question. I know there are cases when a company will announce a share buyback which will get the price to rise while the CEO is selling his personal shares because he can make money on the proce increase. I can't think of a way that a CEO could pull the same type of shenanigans while buying shares on the open market, since he has to hold them for 6 months. So this isn't a case where you could think something is a good sign but in reality may not be.
What I'm saying is that there is no reason that a CEO would buy this many shares unless he expects it to go up, correct? Whereas a share buyback is a situation where peole say "the company must think good things are coming!" When really it could just be a way for the CEO to make some extra cash.
Anyone see a flaw in my logic?
Posted by Baxt06 on :
3.20...maybe starting to get noticed
Posted by Baxt06 on :
3.27
Posted by Goodones on :
Sorry Stocktrader22 I didnt see this thread. This looks great just wondering who is shorting IEAM now?
Posted by stocktrader22 on :
quote:Originally posted by Goodones: Sorry Stocktrader22 I didnt see this thread. This looks great just wondering who is shorting IEAM now?
let em short it all they want...come nasdaq approval time watch the short squeeze. Profitable quarter reported with 10mill in revenues today
Posted by Repoman75 on :
This is when you load up... when its relatively quiet.
Posted by Goodones on :
IEAM filed a application to become listed on the NASDAQ on June 26, 2006. How long does this take? And when you look at how much insiders have loaded up in the last week it makes you wonder if they already know.
Posted by stocktrader22 on :
quote:Originally posted by Goodones: IEAM filed a application to become listed on the NASDAQ on June 26, 2006. How long does this take? And when you look at how much insiders have loaded up in the last week it makes you wonder if they already know.
lol read through this thread....i sent an email to IR....I think its coming VERY SOON. JMO
Posted by Goodones on :
I was reading through your post stocktrader22. The idea that the error in the 10Q was on purpose is exactly what I thought too when I found this stock. Great way for insiders to make money and not get caught.
Posted by Repoman75 on :
I wouldn't hope it was insider manipulation... that could lead to an SEC investigation and a halt sometime in the future... let's just hope it was an oversight.
Posted by stocktrader22 on :
it wasnt insider manipulation...if the CEO knew it was...he wouldnt have bought at $6...
Posted by stocktrader22 on :
getting some buying pressure again
Posted by Baxt06 on :
3.30
Posted by Russell Jones, O.D.B. on :
So... is this one just a quick flip for you guys then?
Posted by stocktrader22 on :
NOPE
Posted by stocktrader22 on :
Just got out at $3.29..my buy in was $3.25...I remember yesterday EOD there was a sell off and its also Friday...so taking my chances here trying to get in around $3.10-$3.15
Posted by Baxt06 on :
a lot of work for 1% no?
Posted by stocktrader22 on :
not for the 1%...just to make myself feel better for chasing the other day
although i might have screwed myself here.
Posted by PCola77 on :
Jesus Christ dude, within 8 minutes of saying it's not just a quick flip you sell?
Russell, I am holding for a few weeks. I got in at 3.08 yesterday. If the CEO spent 1.2 mil at an average of like $4.50 he thinks it's going higher. I'm not selling for a while.
Posted by stocktrader2006 on :
lol
Posted by Baxt06 on :
3.35...lots of buys
Posted by Repoman75 on :
quote:Originally posted by stocktrader22: not for the 1%...just to make myself feel better for chasing the other day
although i might have screwed myself here.
Yeah, what the Hell?
For everyone else, this is a 2-3 month play. Just buy and hold.. you'll see. Make money the REPO way.
Posted by PCola77 on :
And just for flip flopping (or worse, flat out being a liar, but I'll give you the benefit of the doubt) I hope you buy in higher later! Posted by Goodones on :
With possible NASDAQ news on Monday, a flip seems risky.
Posted by stocktrader22 on :
quote:Originally posted by PCola77: And just for flip flopping (or worse, flat out being a liar, but I'll give you the benefit of the doubt) I hope you buy in higher later!
you really like to give me a hard time dont ya
Posted by PCola77 on :
Wouldn't the Repo way technically be to take it from other people?
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22: not for the 1%...just to make myself feel better for chasing the other day
although i might have screwed myself here.
Yeah, what the Hell?
For everyone else, this is a 2-3 month play. Just buy and hold.. you'll see. Make money the REPO way.
Posted by Repoman75 on :
quote:Originally posted by PCola77: Wouldn't the Repo way technically be to take it from other people?
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22: not for the 1%...just to make myself feel better for chasing the other day
although i might have screwed myself here.
Yeah, what the Hell?
For everyone else, this is a 2-3 month play. Just buy and hold.. you'll see. Make money the REPO way.
YES, and we are taking it from the morons who didn't do their DD and sold it from $7 down. Now let's get our 100%!
Posted by Russell Jones, O.D.B. on :
Haha, you guys are funny. Thanks for the honest discourse.
Posted by PCola77 on :
I like to give everyone a hard time. But in a slightly less grating way than a certain other proponent of this stock.
quote:Originally posted by stocktrader22:
quote:Originally posted by PCola77: And just for flip flopping (or worse, flat out being a liar, but I'll give you the benefit of the doubt) I hope you buy in higher later!
you really like to give me a hard time dont ya
Posted by stocktrader22 on :
honestly i dont think this is even a 2-3 month hold. I think we see $6-$7 before 2 months...if we finally get that nasdaq approval
Posted by glassman on :
get aload of the address on one of the form 4's...
30100 CHAGRIN BLVD., SUITE 250
PEPPER PIKE, OH 44124
chagrin blvd?
Posted by stocktrader22 on :
quote:Originally posted by glassman: get aload of the address on one of the form 4's...
30100 CHAGRIN BLVD., SUITE 250
PEPPER PIKE, OH 44124
chagrin blvd?
Posted by PCola77 on :
We? Does that mean you bought back in already?
quote:Originally posted by stocktrader22: honestly i dont think this is even a 2-3 month hold. I think we see $6-$7 before 2 months...if we finally get that nasdaq approval
Posted by Baxt06 on :
Love the RSI chart on this. Made a definitive move off of bottom, but still extremely low.
* HOD 3.38
Posted by stocktrader22 on :
quote:Originally posted by PCola77: We? Does that mean you bought back in already?
quote:Originally posted by stocktrader22: honestly i dont think this is even a 2-3 month hold. I think we see $6-$7 before 2 months...if we finally get that nasdaq approval
yup i said f*ck it..its going to $6-$7 anyhow...ill just get back in...bought in at 3.37 i mean come on it was my pick anyhow
Posted by PCola77 on :
Welcome back. It was all about karma. Now you've paid your penance (no idea if that's the right spelling) and hopefully we'er good to go from here!
Posted by Repoman75 on :
My track record is UNMATCHED when it comes to picks like these... I have a nose like a bloodhound sniffing these OTC.BB plays. F*** I need my own TV show.
$6 here we come!
Posted by Repoman75 on :
Any icing on the cake here? What's the short position?
Posted by Baxt06 on :
up 10%
Posted by Jo4321 on :
Glad I joined in on this one.
Today has been a great day for me. This one going up, bought more FRPT at bargain prices and my big board Expedia is doing a buyout that just surged my shares 11%!
My tide is turning.
Jo
Posted by gammatheta on :
Just joined you guys at 3.37. I like what I see in this one.
Posted by stocktrader22 on :
Glad you joined..I think you'll be happy Posted by Repoman75 on :
#3.50, breakout.
Posted by Baxt06 on :
3.47...letting her go??
Posted by gammatheta on :
What about this lawsuit with Google?
Posted by PCola77 on :
over 5% in under 5 minutes. Not too bad gammatheta
Posted by stocktrader22 on :
oh boy...this is hauling ass!
Posted by Repoman75 on :
ARCA is either short, or they are trying to keep the price down.. either way, see you at $4 next week.
Posted by stocktrader22 on :
arca just backed off to 3.59 letting it go!
Posted by RichBy26 on :
I'm in at 3.38 and 3.51, lets roll!
Posted by Repoman75 on :
How did you find this anyways ST22?
Posted by PCola77 on :
I think he said he does Form 4 searches on the SEC website.
Posted by Goodones on :
ARCA is bluffing on the ask all the time.
Posted by Goodones on :
This stock could rise as fast as it fell. Easy $6+ by middle of next week.
Posted by RichBy26 on :
quote:Originally posted by Goodones: This stock could rise as fast as it fell. Easy $6+ by middle of next week.
I don't think many investors will sell until it is back at those levels, but IMO it will take weeks not days...
Posted by PCola77 on :
Oh c'mon who deleted the witty banter?
Posted by stocktrader22 on :
quote:Originally posted by PCola77: Oh c'mon who deleted the witty banter?
that wasnt too nice.
Posted by Baxt06 on :
+15%
Posted by RichBy26 on :
quote:Originally posted by PCola77: Oh c'mon who deleted the witty banter?
GEEZ, can't even poke a little fun!!!
Posted by Repoman75 on :
Don't you understand, I'm a MADE man here... like John Gotti.
Posted by PCola77 on :
I bet Repo deleted it. We all know how he hates when threads change from talking about a stock to goofing on other people Posted by RichBy26 on :
Repo loves to goof on people and their plays... LOL repo, many of us make lots of money in the market. But, no one let's everyone know like you do!!! Let's keep it real though. How about RENG which you pumped at 1.03 2 months back? Today it's at .61!! Guess your 2-3 month rule didn't work out with that play. I can name a couple others too. Just letting everyone know that Repo is flawed just like the rest of us. Just havin fun man!!!
Posted by stocktrader22 on :
a little end of the day profit taking...no problem
Posted by Baxt06 on :
so much for the profit taking....3.60
Posted by RichBy26 on :
quote:Originally posted by RichBy26:
quote:Originally posted by Goodones: This stock could rise as fast as it fell. Easy $6+ by middle of next week.
I don't think many investors will sell until it is back at those levels, but IMO it will take weeks not days...
Just like I said, not many will sell till we're back at the previous levels. JMHO
Posted by RichBy26 on :
LOL Repo, let's make some $$$
Posted by Baxt06 on :
They must have a full time person monitoring you Repo...they get rid of it as fast as you can type it. LOL
Cruising now...3.67
Posted by Russell Jones, O.D.B. on :
argh, so tempting to dump. this is a beautiful play.
Posted by RichBy26 on :
EOD predictions?
Posted by Goodones on :
We need a perfect close on the H.O.D.
Posted by Jo4321 on :
heading that way.
Posted by Goodones on :
Everybody get their paint brush ready.
Posted by Baxt06 on :
3.70...like to see 3.75!
Posted by stocktrader22 on :
monster
Posted by Repoman75 on :
Gap up on Monday.... I'm going for steaks, later.
Posted by RichBy26 on :
WOW!!
Posted by Baxt06 on :
3.82!!
Posted by stocktrader22 on :
$3.90
maybe $4.00 today?
Posted by Baxt06 on :
wow...25%. steaks for all
Posted by PCola77 on :
Hey st22, you still gonna try to get back in under $3.29? Posted by RichBy26 on :
this thing is all over the road...
Posted by stocktrader22 on :
quote:Originally posted by PCola77: Hey st22, you still gonna try to get back in under $3.29?
lol...i told u bud i got back in earlier at $3.37
Posted by Baxt06 on :
The road is headed in the right direction
Posted by Jo4321 on :
One way street!
Posted by RichBy26 on :
WOW, 3.90!! Have a great weekend everyone! You too Repo:)
Posted by Baxt06 on :
There it is...close at HOD!
Posted by stocktrader22 on :
Yup...see you at mid $4's next week
Posted by Russell Jones, O.D.B. on :
Right on. Everybody enjoy your weekend.
Posted by RichBy26 on :
Hey stock22, great call!!! Cheers
Posted by stocktrader22 on :
Industrial Enterprises of America Announces New Independent Auditor Friday December 8, 3:59 pm ET
NEW YORK, Dec. 8, 2006 (PRIME NEWSWIRE) -- Industrial Enterprises of America, Inc. (OTC BB:IEAM.OB - News), a specialty automotive aftermarket supplier, today announced that the Company has retained De Joya Griffith & Company, LLC as the Company's independent auditors, effective immediately. ADVERTISEMENT
De Joya Griffith & Company, LLC will be replacing Beckstead and Watts, LLP (B&W) as Industrial Enterprises of America's independent auditors. B&W's report on the financial statements with respect to the fiscal years ended June 30, 2005 and 2006 contained no adverse opinion. There have been no disagreements with any of the Company's independent auditors to the knowledge of the Company's Board of Directors.
Additional information relating to the change in the Company's independent auditors can be found in a Current Report on Form 8-K which the Company is filing today with the Securities and Exchange Commission.
About Industrial Enterprises of America, Inc.
Industrial Enterprises of America, Inc., headquartered in New York, NY, is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, and other automotive additives & chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.
Contact: Industrial Enterprises of America, Inc. Investors & Public Relations: David Zazoff 212-505-5976
Posted by RichBy26 on :
Looks like De Joya Griffith & Company, LLC serves as independent registered public accountants to audit financial statements for a lot of public companies. Google search the new firm and you'll see... Maybe they wanted to secure a bigger firm for their move to NASD, just a thought...
Posted by Repoman75 on :
quote:Originally posted by RichBy26: Looks like De Joya Griffith & Company, LLC serves as independent registered public accountants to audit financial statements for a lot of public companies. Google search the new firm and you'll see... Maybe they wanted to secure a bigger firm for their move to NASD, just a thought...
Its required... just like FRPT did.
Posted by glassman on :
what kind of steaks are we having tonight? Posted by RichBy26 on :
quote:Originally posted by Repoman75:
quote:Originally posted by RichBy26: Looks like De Joya Griffith & Company, LLC serves as independent registered public accountants to audit financial statements for a lot of public companies. Google search the new firm and you'll see... Maybe they wanted to secure a bigger firm for their move to NASD, just a thought...
Its required... just like FRPT did.
hmmmm, didn't know that. thanks!
Posted by Jo4321 on :
Oh yeah, the pieces are falling into place.
Jo
Posted by cpeed on :
Nice play today, too bad my order didnt fill this morning at 3.13. I was laughing when it was that low, and then I didnt get in
Posted by stocktrader22 on :
quote:Originally posted by glassman: what kind of steaks are we having tonight?
Glassman you in?
Posted by stocktrader22 on :
Some new filings today...may want to check them out....lots of info already in Pr's...but just want to re-iterate how this may be a bigger winner than we thought.
On Tuesday, December 5, 2006 at 9:00 a.m. Eastern Time, Industrial Enterprises of America, Inc. (the “Company”) held a public conference call to discuss the results of its first quarter. During the call, John D. Mazzuto, the Company’s Chief Executive Officer and interim Chief Financial Officer, disclosed material information that may not have been publicly disclosed in the past. Mr. Mazzuto projected that the Company could anticipate revenues of $16 million for the second fiscal quarter of 2007, $20 million for the third quarter and over $50 million potentially for the fourth quarter. Additionally, Mr. Mazzuto projected earnings per share of approximately $0.22, $0.33 and $0.50, respectively, for the second, third and fourth quarters of fiscal 2007, before any charges related to derivative securities. ------------------------------------------------
Letter of agreement saying that the auditing firm that no longer works there agrees there were no problem with the company's financials, no disputes:
December 8, 2006 United States Securities and Exchange Commission Office of the Chief Accountant 100 F Street NE Washington, D.C. 20549 Re: Industrial Enterprises of America Dear Sir or Madam: We have read Industrial Enterprises of America, Inc.’s statements included under Item 4.01 of its Form 8-K to be filed on December 8, 2006 and we agree with the statements concerning our firm. Very truly yours, /s/ Beckstead & Watts, LLP
On December 4, 2006 the Board of Directors of Industrial Enterprises of America, Inc. (the “Company”) appointed Mr. Gary Impellicceiri, CPA, to serve as the Company’s Financial Controller effective as of December 4, 2006. For the last five years, Mr. Impellicceiri has served as the Corporate Controller of Union Drilling, Inc., a publicly traded oil and gas company with assets of $190 million and annual revenues of over $140 million. Prior to that position, Mr. Impellicceiri served as senior Auditor in Assurance and Financial Services for KPMG Peat Marwick, LLP and as a Senior Fund Analyst and Staff Auditor for Federated Investors in Pittsburgh, PA.
Wow guys...this ain't no CSHD....we have real successful business coming here... Union Drilling is UDRL on Nasdaq with $14 share price.... -------------------------------------------------
Additionally, on December 2, 2006, Mr. James W. Margulies stepped down as the Company’s Chief Financial Officer effective as of December 4, 2006. Mr. Margulies will now shift his responsibilities to the Company’s Legal and Compliance department. On December 2, 2006, the Company appointed Mr. John Mazzuto to serve as the Company’s interim Chief Financial Officer until a suitable replacement for Mr. Margulies is found. Mr. Mazzuto is currently the Company’s Chief Executive Officer, President, Assistant Secretary and a director, and has been an investor, financial consultant and advisor to a number of mid and small sized firms in various industries. Previously, he was Managing Director of corporate finance of Chemical Bank in New York. Mr. Mazzuto was Group Managing Director of an international merchant bank and was a member of the board of directors of a number of companies.
Hmm...maybe they need to bring a more established CFO? You think possibly it was a dispute? Think again! He stepped down December 2nd, and then on December 4th-5th he purchased 15,500 shares!!!! 15,500
That's not chump change....
-------------------------------------------------
So tell me, for the last five years, Mr. Impellicceiri has served as the Corporate Financial Controller of Union Drilling, Inc., a publicly traded oil and gas company with assets of $190 million and annual revenues of over $140 million. The stock is on the nasdaq and trades at $14...I'd say he has done a good job. But I can also say why would he leave that and go to some stock that is destined to do anything? He wouldn't. I think this information alone is huge! If this hits nasdaq and the projections I don't see why this can't be a $10-$20 stock.
Posted by Goodones on :
When looking at the drop the volume does not add up. Shorting must have been going on. Bad mistake by shorty. This is why I will say again, IEAM will be $6 by mid week.
Posted by Goodones on :
Great post Stocktrader22. IEAM should be valued at $10 in my IMO right now. IEAM is soaked in gasoline, a NASDAQ pr would be the match.
Posted by stocktrader22 on :
I'm definitely excited...thats for sure.
Posted by stocktrader22 on :
Anyone here excited for tomororow?
Posted by RichBy26 on :
quote:Originally posted by stocktrader22: Anyone here excited for tomororow?
I am!!! I even followed Repo's lead on friday and went for steak. The girlfriend and I had a wonderful meal at Ruth's Chris Steak House I'm hoping this stock makes this X-mas very sweet:)
Posted by glassman on :
i had a NY strip...
Posted by Jo4321 on :
Ruths Chris? Geez, I went with the family to Bonanza.
Jo
Posted by glassman on :
LOL Jo i grilled mine myself..... very rare... Posted by PCola77 on :
I had a Cheesesteak on Friday night, does that count?
Posted by gammatheta on :
Allright so what does everyone think about today. The numbers released on Sat. looked pretty good.
Posted by PCola77 on :
I think they're terrible. Everyone should sell now so the price drops and I can buy more....
quote:Originally posted by gammatheta: Allright so what does everyone think about today. The numbers released on Sat. looked pretty good.
Posted by gammatheta on :
Sounds good P. I will be selling at the opening bell just for you.
Posted by Baxt06 on :
$4!!
Posted by NEL on :
I missed my entry point on Friday of 3.12, anyone think 3.90 is still worth it?
Posted by Baxt06 on :
According to the CEO, it's still a bargain at $6.
Posted by stocktrader22 on :
Looks very good for today!
Posted by stocktrader22 on :
damn..why this non stop selling right now
Posted by Repoman75 on :
Because it ran 25%. Told ya, 2 month play.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75: Because it ran 25%. Told ya, 2 month play.
Well the CEO is betting on this stock going way up and so am I. Looking for a nice penny play now...hmmm
loving avti right now
Posted by PCola77 on :
Just got 1000 more shares at 3.87 and 3.95.
go baby go!
Posted by stocktrader22 on :
The buying pressure is back...gotta love it
Posted by PCola77 on :
stocktrader22, you're kind of a spaz, aren't you?
First you "flip" it for a 1% gain, then buy back in higher, then claim you're holding it long term but seem to get anxious when it pulls back a bit and excited when it starts going back up.
Geez man, relax Posted by Repoman75 on :
He's hungover from drinking too much CSHD koolaid... he'll be fine after a few days of detox.
Posted by Baxt06 on :
climbing again. $4.17
Posted by PCola77 on :
Up to $4.23
Down to $4.16 up to $4.25
Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Posted by stocktrader22 on :
quote:Originally posted by PCola77: Up to $4.23
Down to $4.16 up to $4.25
Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Screw you PC
Am I making you money?
'Nuff said baby!
Posted by Baxt06 on :
This thing has huge momentum
Posted by stocktrader22 on :
quote:Originally posted by Baxt06: This thing has huge momentum
yup look at the volume today!
Wouldnt be surprised to see end of the day buying like friday and a $4.50-$4.75 close
Posted by Russell Jones, O.D.B. on :
how high?
Posted by Repoman75 on :
How high what? How high was ODB when he died? Or how high can this thing go over 2 months?
The answer to number 2 is $7-$8.
Posted by RichBy26 on :
climbing!
Posted by stocktrader22 on :
Yes sir....we see anything like Friday...and we may be near $5 by EOD.
Too many good things going for it right now. If you read my long long prior post from the weekend you will see that the CEO is predicting large revenues with over $1 for the year in EPS. Put a normal P/E of 15 on that, and this is a $15 stock.
Posted by RichBy26 on :
quote:Originally posted by stocktrader22: Yes sir....we see anything like Friday...and we may be near $5 by EOD.
Too many good things going for it right now. If you read my long long prior post from the weekend you will see that the CEO is predicting large revenues with over $1 for the year in EPS. Put a normal P/E of 15 on that, and this is a $15 stock.
Yes I did read that post stock, it was very helpful in showing the big picture. Thanks for your efforts!
Posted by Goodones on :
Just sitting here grinning.
Posted by jdiddy on :
Wow!! I'm lovin this... got in a 3.15 yest...added 3.95 this morn..im tempted to add more
good find guys!! $$$$$$$
Posted by Baxt06 on :
closing in on HOD again.
Posted by stocktrader22 on :
quote:Originally posted by jdiddy: Wow!! I'm lovin this... got in a 3.15 yest...added 3.95 this morn..im tempted to add more
good find guys!! $$$$$$$
lots more to come Posted by stocktrader22 on :
may break HOD right here in a few min
Posted by PCola77 on :
shhh, nobody jinx it this time.
Posted by Repoman75 on :
Broke out.
Posted by Goodones on :
Grinning even bigger.
Posted by stocktrader22 on :
quote:Originally posted by PCola77: shhh, nobody jinx it this time.
similiar trading as last friday...may see a big run here all the way to EOD. Maybe see $4.75 Posted by PCola77 on :
Damn it Repo, what part of "don't jinx it" didn't you understand? Posted by Baxt06 on :
nice!
Posted by PCola77 on :
Man, aren't any of you supersticious? Geez.
quote:Originally posted by stocktrader22:
quote:Originally posted by PCola77: shhh, nobody jinx it this time.
similiar trading as last friday...may see a big run here all the way to EOD. Maybe see $4.75
Posted by RichBy26 on :
WOW!!!
Posted by RichBy26 on :
what a beast!
Posted by RichBy26 on :
Back to Headlines | Previous Story
Industrial Enterprises of America Announces Share Repurchase Program
NEW YORK, Dec. 11, 2006 (PRIME NEWSWIRE) -- Industrial Enterprises of America, Inc. (OTCBB:IEAM) a specialty automotive aftermarket supplier, today announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases.
The share repurchases will occur through open market purchases, privately negotiated transactions and/or transactions structured through investment banking institutions as permitted by securities laws and other legal requirements. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion.
"Today's announcement reflects Industrial Enterprises' positive cash-flow outlook and our commitment to shareholder value," stated John Mazzuto, Chief Executive Officer of Industrial Enterprises of America. "Given our recent share price, we believe that a stock repurchase program represents an excellent investment for our shareholders."
About Industrial Enterprises of America, Inc.
Industrial Enterprises of America, Inc., headquartered in New York, NY, is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, and other automotive additives & chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels
Posted by stocktrader22 on :
quote:Originally posted by RichBy26: what a beast!
Sorry shorters...
solid fundamental company here with ton of upside.
This and nuvo...will help me feel better about my CSHD investment. Shouldnt have put 75% of my portfolio in CSHD...EEEK
never again.
Big boards are the way to go now. One's that are 1 week-2 month holds.
Posted by Repoman75 on :
Wow, news keeps getting better. -Insider buys -Drop on NO significant news -Buyback -NAS listing -52 week low -Short positions
Can it get any better? PERFECT STORM
Posted by RichBy26 on :
25K share buy at 4.53!
Posted by stocktrader22 on :
Huge news!
Can someone send an email to the email address in the PR for their investors relations asking them if they still expect to be listed and approved on nasdaq soon? They told me the delay up to now has been the annual and quarterly filing issue, but it seems that has been solved
Posted by PCola77 on :
Actually st22, I was planning to do that this morning but forgot all about it.
I'll shoot one off now.
Posted by stocktrader22 on :
quote:Originally posted by PCola77: Actually st22, I was planning to do that this morning but forgot all about it.
I'll shoot one off now.
They were very quick to respond last time for me....
Maybe my $4.75 hope isnt too far off
Would love to see it!
Posted by Repoman75 on :
You'll see it... my closing prediction - $5.12
Posted by stocktrader22 on :
Thats a pretty lofty prediction....great news...but I see a $4.65-$4.85 range close.
Would love to see much higher though!
Posted by Baxt06 on :
4.72 already...why not $5. I'm with repo
Posted by stocktrader22 on :
quote:Originally posted by Baxt06: 4.72 already...why not $5. I'm with repo
lol i'll stick with my prediction
Posted by PCola77 on :
Anything above $3.08 and i'm happy I'm more worried about them getting to the NASDAQ than what the price is on a given day.
Repo, you're going through this with FRPT, right? Any idea what the process involves, and how long it would take for acceptance/denial?
Posted by Repoman75 on :
I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75: I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
Actually, there are 3 ways to get on nasdaq, and I believe it may be $4
Posted by PCola77 on :
So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
Posted by RichBy26 on :
quote:Originally posted by Repoman75: I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
They were trading above $5 for 90 days+ prior to the recent drop. The only hold up according to the company was filing quarterly financial statements, they filed the documents just before the drop. I believe they are qualified to move to the NASD. I will email IR to see if I am correct and post their response
Posted by Livinonklendathu on :
quote:Originally posted by PCola77: So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
Much obliged. I'll post my take once I finish reading through it (probably not until this evening).
quote:Originally posted by Livinonklendathu:
quote:Originally posted by PCola77: So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
Oh no, it's dropping like a rock, we're all gonna dieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Posted by RichBy26 on :
quote:Originally posted by PCola77: Oh no, it's dropping like a rock, we're all gonna dieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
It did the same thing friday, just setting up for another run...
Posted by stocktrader22 on :
Pulled out.
When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
Posted by Repoman75 on :
quote:Originally posted by stocktrader22: Pulled out.
When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
WOW! What a change of heart! Well, you made decent profits so good job!
But I disagree with your theory... quite the contrary. MM's know they company is buying back, and therefore will RAISE the prices so they pay a premium. I still say we hit $5-$6 within 2 months.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22: Pulled out.
When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
WOW! What a change of heart! Well, you made decent profits so good job!
But I disagree with your theory... quite the contrary. MM's know they company is buying back, and therefore will RAISE the prices so they pay a premium. I still say we hit $5-$6 within 2 months.
Nope not change of heart Repo. I am a swing trader and sometimes hold long. I believe this company will hit $5-$6 in a few months or less. I also believe I will have an opportunity to buy because based on what I've seen companies negotiate with MM to keep price at a certain level during buyback. Just my opinion
Posted by Baxt06 on :
I don't agree with that either. You're suggesting collusion between the company and the market makers?
Posted by PCola77 on :
Good luck to you st22, and yet again I hope you buy back in higher Posted by stocktrader22 on :
quote:Originally posted by Baxt06: I don't agree with that either. You're suggesting collusion between the company and the market makers?
believe what you would like to believe. I would like to re-enter here again in a little when I believe it is the right time.
Posted by Repoman75 on :
4.77, here comes EOD run.
Posted by PCola77 on :
hey st22, can you sell all the other stocks I own too Posted by stocktrader22 on :
looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon! Posted by RichBy26 on :
quote:Originally posted by RichBy26:
quote:Originally posted by PCola77: Oh no, it's dropping like a rock, we're all gonna dieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
It did the same thing friday, just setting up for another run...
just like I said:)
Posted by Repoman75 on :
quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
Posted by stocktrader22 on :
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
we will see Posted by Repoman75 on :
You should have asked about your buyback theory before you sold... that just doesn't happen. If the company DID want to do that, why would they PR that information? Why not just buyback on the DL and have MM's work with them?
No, the point of announcing the buyback is too limit the amount of shares, and drive the price up! Insiders already have their shares, they want it to go up now.
Posted by PCola77 on :
Regardless st22, I'll keep giving you a hard time about it, but you started the thread, so I owe you a debt of gratitude regardless.
Good luck to you.
Posted by RichBy26 on :
quote:Originally posted by Repoman75:
quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
I'm with Repo, we'll gap again tomorrow morning then take a small dip. We'll climb again later in the day and I don't think we'll see under $5 again...JMHO
Posted by stocktrader22 on :
lol sold nuvo way too early too....oh well
emotions kick in when you were up $25k in profit and suddenly only have about $2000 in profits.
Posted by Repoman75 on :
I hear ya... CSHD did some damage to you psychologically. It happens.
Posted by PCola77 on :
I know it happens infrequently, but I thikn Repo is making sense here.
quote:Originally posted by Repoman75: You should have asked about your buyback theory before you sold... that just doesn't happen. If the company DID want to do that, why would they PR that information? Why not just buyback on the DL and have MM's work with them?
No, the point of announcing the buyback is too limit the amount of shares, and drive the price up! Insiders already have their shares, they want it to go up now.
Posted by RichBy26 on :
WOW, 25K and 35K share buys at 4.90!!!
Posted by RichBy26 on :
solid close at 4.80
Posted by PCola77 on :
$4.75 close. I'll take it.
Posted by Repoman75 on :
Tomorrow, $5.
Posted by Baxt06 on :
quote:Originally posted by stocktrader22:
quote:Originally posted by Baxt06: I don't agree with that either. You're suggesting collusion between the company and the market makers?
believe what you would like to believe. I would like to re-enter here again in a little when I believe it is the right time.
We all owe you for the heads up on this. Didn't mean anything by it...I know when I'm up big, I tend to look for reasons to sell instead of reasons to continue to hold. GLTA
Posted by stocktrader22 on :
Thanks guys...glad I could all make you some $$$
Posted by Chart walker on :
You lucky SLOBS! LOL ~~
This came accross my desk yesterday late... ------------------------------------------ Industrial Enterprises of America, Inc. (IEAM) previously at $3.90 up 21% at $4.75 with 2,959,193 shares traded. (IEAM) has been heavily highlighted this month and today by Wall Street Resources. Industrial Enterprises of America, Inc. announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion.
Industrial Enterprises of America, Inc. is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, and other automotive additives & chemicals. In addition, it manufactures and sells packaged refrigerants for the automotive and dusting markets; and manufactures liquid and aerosol products. ============================================== Well told you boys I'd radar it, but I have to miss it, -other pic's are running and almost at my 100% (all but one!).
On top of the news above, your chart looks GREAT!!! I mean holy cow great!
The RSI is JUST coming off the bottom (Top is when you sell)...
Man it look like this baby has ALOT of room to grow yet boys!!
NICE find Stock!
You guys might get a 100% flop out of this thing yet!! Unreal ~~~~~
Congrads and enjoy the day Board!!! Chart ~
Posted by RichBy26 on :
thanks for the analysis Chart!
Posted by Goodones on :
Looking for a close in the $5.50 range today.
Posted by PCola77 on :
Wow, pre-market buys at 4.99, 4.99 and 5.08!
Posted by Baxt06 on :
5.09 x 5.09 according to Scottrade!
Posted by Chart walker on :
Ha ~
You bays are above $5 in premarket! "Savor the flavor"
-your chart is awesome! Enjoy the day!!!
Posted by PCola77 on :
bid and ask are dropping. I'm kinda glad though, big gaps like that are hard to sustain. Even opening at 4.90 is a decent jump.
Posted by stocktrader22 on :
damn i wish i didnt sell lol..
anyone got another play for me this time?
Posted by jdiddy on :
Thanks for all the help ST22
Posted by milliam on :
Is this thing halted or something?
Posted by PCola77 on :
Why, because only $2million has been traded in it today? Posted by milliam on :
No, looked like it quit trading around 10:50, but I see its picked back up. I was just wondering if it was halted to announce the move to the NASD board or something .
Posted by PCola77 on :
Oh, I see the break you're talking about. Hadn't noticed. "halted" is a dirty word though!
Posted by milliam on :
Halted isn't a bad thing...suspended...that's the bad one. A halt can come for good news, like a move to another board or something.
Posted by Jo4321 on :
I hold EXPE and it was "halted" on Friday. When trading resumed, it went up over $2.00 due to the company announcing a share buyback.
So, yeah, a halt can be a good thing.
Jo
Posted by PCola77 on :
Ok, fair enough. Halted has a bad connotation for me. I see your points though.
Posted by Repoman75 on :
Its not halted so stop it.
Posted by Jo4321 on :
Sorry, Repo! LOL
Posted by Baxt06 on :
Consolidation day or will we see an EOD run??
Posted by JRB on :
Not really sure whether this is go news or bad news. Either way it seems relevant.
Industrial Enterprises of America Announces Share Repurchase Program Print E-mail Enable live quotes RSS Digg it Del.icio.us Related **** Posts & Articles Last Update: 2:04 PM ET Dec 11, 2006
NEW YORK, Dec 11, 2006 (*********wire via COMTEX) -- Industrial Enterprises of America, Inc. (IEAM IEAM News , chart, profile, more
Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ) a specialty automotive aftermarket supplier, today announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases. The share repurchases will occur through open market purchases, privately negotiated transactions and/or transactions structured through investment banking institutions as permitted by securities laws and other legal requirements. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion. "Today's announcement reflects Industrial Enterprises' positive cash-flow outlook and our commitment to shareholder value," stated John Mazzuto, Chief Executive Officer of Industrial Enterprises of America. "Given our recent share price, we believe that a stock repurchase program represents an excellent investment for our shareholders."
Posted by RichBy26 on :
Um, Dude that's good news even though you're a day late posting it! Very good sign that we closed even today after a run up of 55% the two previous days. Lets hope for news to keep this train rollin! See everyone tomorrow...
Posted by PCola77 on :
I don't even know what "go news" is
And yeah Repo, I'm very pleased with today's action. Tomorrow should be a telling day as well.
Posted by Goodones on :
L2 still looking good.
Posted by Jo4321 on :
Holding its own here at $4.80, but not a lot of volume.
Jo
Posted by RichBy26 on :
Still no response to my email asking if the company has met the requirements to move to the NASD. My hunch is they have and they might not want to respond if they are close to the move. Holding nicely because no one wants to sell, it's still $2.20 below where it was previously trading ($7) before the drop. We all now know the drop was caused by a mistake in their quarterly filing, an ammended filing was submitted with the error fixed. Still too much upside not to jump in...JMHO
Posted by stocktrader22 on :
Rich...I got an email back from investors relations saying they are still waiting on nasdaq approval
Posted by RichBy26 on :
Thanks stock, that means they have meet all the requirements!!! Hopefully we get some news regarding that fact! Have you bought back in yet?
Posted by stocktrader22 on :
quote:Originally posted by RichBy26: Thanks stock, that means they have meet all the requirements!!! Hopefully we get some news regarding that fact! Have you bought back in yet?
nope not yet....
look at DKAM thread...and check out the info from investorshub...
this is going to be huge in 2007!
Posted by RichBy26 on :
I saw it, looks like a great play but I'm going to wait just a bit before I dive in.
Posted by stocktrader22 on :
quote:Originally posted by RichBy26: I saw it, looks like a great play but I'm going to wait just a bit before I dive in.
you should have time...
i'm just excited about the upcoming prospects of it. There has been great reports about the quality of Trump Vodka..and the company has experienced management ready to take this to nasdaq, which is in their plans
Posted by RichBy26 on :
yep, I'll see you over on that thread!! Back to IEAM, I'll post whatever the company sends me. Stock can you post your email from the company so we can see the entire message?
Posted by stocktrader22 on :
"The company is still pursuing the NASDAQ listing. The hold up to date has been the delay in the Company's SEC filings."
Posted by RichBy26 on :
thanks stock, I remember you posted that a few pages back, I thought you were talking about a new email. Thanks anyway, I'll post what I get from them.
Posted by stocktrader22 on :
That is the new email actually, they sent it to me after the original for no reason lol.
Posted by RichBy26 on :
Well, let's hope they get everything in order and listed ASAP! Got to run
Posted by Baxt06 on :
moving up...4.92
Posted by RichBy26 on :
yep 5.03!!!! This train just keeps rollin:)
Posted by Repoman75 on :
I'm moving 1/2 my position out of here into DKAM... I still like this stock to go to $6, but DKAM is going to $3 in the short order.
Posted by Repoman75 on :
News... still a winner in '07.
Industrial Enterprises of America Forms Joint Venture With Sinochem Ningbo Ltd. Monday December 18, 11:53 am ET
NEW YORK, Dec. 18, 2006 (PRIME NEWSWIRE) -- Industrial Enterprises of America, Inc. (OTC BB:IEAM.OB - News), a specialty automotive aftermarket supplier, today announced that the Company has entered into a Joint Venture agreement with Sinochem Ningbo Ltd., a subsidiary of Sinochem Corporation, for the packaging of refrigerant gases in China for worldwide distribution. Sinochem Corporation is China's largest chemicals trader and a Global 500 Company.
Per the agreement, IEAM will provide packaging equipment and expertise as well as train the staff for the facility which will be provided by Sinochem. Profits from the venture will be effectively equally split between the two parties.
Industrial Enterprises anticipates that the Joint Venture will begin operations early next year, with a full transfer of equipment and trained personnel between IEAM and Sinochem's facilities to be complete by the end of March.
John Mazzuto, Chief Executive Officer of Industrial Enterprises of America, commented, ``This new venture has the potential to increase the earnings of our company dramatically as this facility will be shipping worldwide. We expect this Joint Venture to be a strong profit center for IEAM for many years to come. Although it is premature to forecast earnings for the new venture, I would expect it to have at least the same impact as the acquisition of Pitt Penn.''
Sinochem Ningbo Ltd. was established in 1987 and is a subsidiary of China National Chemicals Import & Export Corporation (SINOCHEM), which ranked 276th among the top 500 enterprises in the world.
Posted by RichBy26 on :
man that sounds like great news, wonder why we didn't move today? This part really caught my eye!! "Sinochem Corporation is China's largest chemicals trader and a Global 500 Company."
Posted by NEL on :
quote:Originally posted by RichBy26: man that sounds like great news, wonder why we didn't move today? This part really caught my eye!! "Sinochem Corporation is China's largest chemicals trader and a Global 500 Company."
I liked that part too...
Posted by RichBy26 on :
quote:Originally posted by stocktrader22: Rich...I got an email back from investors relations saying they are still waiting on nasdaq approval
I'm still waiting on a response from IR. I'm not sure why they have not responded to any of my emails concerning the NASD listing. I went golfing today so I wasn't around for any of the action, but I'm still puzzled why we didn't move up on the news today, very low volume too, just 271K shares traded. Hopefully we get another good pop in pps before the new year! If not, 2007 is setting up to be HUGE for IEAM Posted by stocktrader22 on :
did you use an email that may be considered spam?
Posted by RichBy26 on :
nope, used my yahoo address which I always use to email different companies. Maybe I'll try using another email address, I'll let you know if I get anything.
Posted by RichBy26 on :
moving up again!! I expect a steady climb back to $7. Now 4.85...
Posted by Jo4321 on :
what's up with this one. I know there was some insider selling on the 22nd, but it doesn't seem like that event should have caused the decline that it's had over the past week or so.
Jo
Posted by Jo4321 on :
I know I'm being impatient, but this has been stuck around $4.00 for a week now.
Jo
Posted by stocktrader22 on :
ehh who knows got out when they announced buy back
Posted by Jo4321 on :
Kinda wish I had joined ya, then. Still doing okay, but I was hoping to get out at at least $5.00.
Isn't a buyback a good thing because there will be less shares in the market?
Jo
Posted by Baxt06 on :
Moving - up 5%
Posted by Baxt06 on :
Up 9%
Posted by Baxt06 on :
Moving again - 4.60 x 4.70
Posted by Baxt06 on :
4.72 x 4.79
Posted by Jo4321 on :
Didn't see any news. Don't know why this went up today. I forgot about a GTC order I had put in when it was $4.00 for $4.80, so I'm out now :(whether I like it or not). (with a nice profit)
Jo
Posted by PCola77 on :
Wow, I saw it ended up pretty nicely last week and was thinking of you jo. Nice to see you got out with a good profit. I was planning to get back in, but I think I missed my chance.
Posted by PCola77 on :
Geez, nice day today. Actually above where most of us sold out now, at 4.95
Posted by stocktrader22 on :
nice...
Posted by Jo4321 on :
Over 10% gain today. Maybe their NASDAQ news is coming?
Jo
Edited to add: Thanks for thinking of me PCola!
For a moment there after my sell order hit, I thought that perhaps my reverse midas touch was gone, as the price went down a bit. But now I see it's as good as it always is
I feel good about the profit today though.
Jo
Posted by Repoman75 on :
Still have a small %.. still not selling until $6.
Posted by Baxt06 on :
update out on the stock repurchase. still moving...up to 5.10
Posted by Baxt06 on :
5.20
Posted by Repoman75 on :
Again, patience. Good stocks will move without momo and the attention.. notice how most people are gone from this thread?? Watch and learn.
Posted by Jo4321 on :
Point taken. I'm going to follow that advice for DKAM which hasn't been doing much lately.
Jo
Posted by PCola77 on :
Well Repo, I thought it went up too hig too fast, so I sold at like 4.75 and was planning to buy back in if it dipped under $4.00 It did, and I just plain wasn't paying attention until I saw it close last week at like $4.50
Posted by Repoman75 on :
$5.42 now.
Posted by Repoman75 on :
quote:Originally posted by Repoman75: I'm moving 1/2 my position out of here into DKAM... I still like this stock to go to $6, but DKAM is going to $3 in the short order.
Damn I'm good - $5.94 today.
Posted by stocktrader22 on :
Damn...nice Posted by Jo4321 on :
Another good pick by stocktrader22.
Looks like the share buyback did help. Any news on their NASDAQ listing lately?
Is anyone but Repo still in this?
Jo
Posted by stocktrader22 on :
quote:Originally posted by Jo4321: Another good pick by stocktrader22.
Looks like the share buyback did help. Any news on their NASDAQ listing lately?
Is anyone but Repo still in this?
Jo
Havent heard about nasdaq listing lately. I was right though saying it would retrace before it ran back up from buyback news
This one really ran nicely. Posted by Jo4321 on :
LOL. YES, I remember that retrace!
But it turned out good even though I guess we all got out "too early".
To all still in, good luck.
As far as the NASDAQ listing,sell on news may be the play there (see FRPT! LOL)
Jo
Posted by NEL on :
Any news on this one?
Posted by Repoman75 on :
Hit $6. I will be selling my remaining shares. This was a GREAT pick.
Posted by stocktrader22 on :
thanks repo.
Posted by Jo4321 on :
What I like about this one, ST22, is it seems we all made money on this. Some of us got out early, but still with a profit.
Repo, you are very patient. Are you going to take your proceeds and buy some cheap DKAM! LOL
Jo
Posted by Repoman75 on :
No. I have what I want in DKAM. Looking for another play. On the prowl!
Posted by NEL on :
I'm still in this one... worth hanging onto for NASDAQ? Already sold more than half... at in the 5.80s
Posted by Jo4321 on :
Beware the NAZ! (see FRPT)
LOL!
Posted by NEL on :
LOL, REALLY!
Posted by stocktrader22 on :
LOL $6.60
Posted by PCola77 on :
??? I see $5.11
Posted by stocktrader22 on :
quote:Originally posted by PCola77: ??? I see $5.11
either your or my streamer isnt working, but almost positive $6.60
Posted by PCola77 on :
LOL, nope no technical problem, just a "tired me" problem. Was looking at the wrong symbol. Sorry about that.
Posted by PCola77 on :
From today's daily list:
Security Deletions: 12:47 IEAM Industrial Enterprises of America, Inc. Common Stock 4/24/2007 Listed on NCM (IEAM)
I assume that's the move to the NASDAQ?
Posted by stocktrader22 on :
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
![[Cool]](cool.gif)
![[Wink]](wink.gif)