This is a swing pick. I'm expecting ELCO to begin to run before the end of February, ELCO's pr. on Jan 11th had an important event occuring at the end of February. Reaching preffered bidder status and 2 subsequent contracts. ELCO's announcement on the 11th casued it to run aproximately 3x its pps. ELCO has since consolidated and most people forgot the news was coming. Pick your spots and good luck!
I have taken a position on the support line. The 50 MA and the 200 MA should cross the end of this week. The "preffered bidder" announcement should be announced soon and I believe it will break the 52 week high of .35
I have included the whole p.r. from the 11th and the headlines of subsequent pr's
The registrant had 61,281,860 shares of common stock, $.01 par value, outstanding as of November 5, 2004
Shares Outstanding:61.28MFloat:57.70M% Held by Insiders:5.84%
I've listed the recent news underneath but I'm in because the stock is at support the 50 and 200 ma's will cross soon and this news from JAN 11'th should come out END OF FEB. (2nd Paragraph) if/when this happens.....KABOOOOOM! In my opinion
NORWOOD, Mass., Jan 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that the Company is one of the sub-contractors to PA Consulting Group (PA), which the Office of Government Commerce ("OGC") has named as the Preferred Bidder for the creation and deployment of the OGC's Zanzibar eMarketplace for U.K. public sector organizations. PA is the envisaged primary contractor with Preferred Bidder status with Elcom providing the eProcurement and eMarketplace components of the Zanzibar eMarketplace system. Preferred Bidder status means that OGC will negotiate exclusively with PA in respect to a framework agreement targeted to be in place by the end of February. However, Preferred Bidder status is at all times contingent on the successful negotiation of the terms of the framework agreement and the status can be withdrawn by OGC at its absolute discretion. Accordingly there can be no assurance that these negotiations will be successful and a framework agreement consummated. Assuming negotiations are concluded satisfactorily with the OGC, Elcom expects to execute a back-to-back contract with PA for the OGC Zanzibar system directly after the framework agreement is signed. Robert J. Crowell, Elcom International's Chairman and CEO, said, "We are extremely pleased to be the eMarketplace and eProcurement solution provider to the PA consortium that has been selected as Preferred Bidder for the OGC Zanzibar eMarketplace system. This is a very large and sophisticated system which will allow all public sector organizations in England to participate in the OGC sponsored Zanzibar eMarketplace without having to go out to tender. We look forward to working closely with PA and the other members of the consortium to make Zanzibar a system that delivers quantifiable savings and other benefits to all participants and thereby serve the public good in the U.K." Zanzibar will provide a 'Procure to Pay' Marketplace, including an eHub (data warehouse, single point of access to the government marketplace for buyers and suppliers), hosted common and individual catalogues and punch out to catalogues as well as non-catalogue transactions. Zanzibar will be an OGCbuying.solutions Framework Agreement and run as a Managed Service on behalf of Government Departments and Agencies, which are expected to join as individual agencies
NORWOOD, Mass., Feb 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), a leading international provider of hosted eProcurement and eMarketplace solutions, today announced a partnership agreement with IMPAQ Business Solutions Ltd., a leading provider of supplier enablement solutions
NORWOOD, Mass., Jan 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- elcom, inc., the wholly- owned B2B eCommerce solutions subsidiary of Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that Global Procurement Group Ltd., the wholly-owned subsidiary of Global Procurement Group Inc., has selected PECOS, Elcom's remotely-hosted eProcurement and eMarketplace system, to provide a global sourcing platform to power Global Procurement Group's Automated Procurement Exchange (g-APEx(TM)).
posted
interesting close, mm's flipped quick on no volume at all, i think the mm at .15 was their to sell a few shares and when he was done it moved up.
this should begin to pick up some excitement before the "date" at the end of february as no one wants to buy after the news comes out.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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it is suggested that this deal will go through, the stock is on support .15 maybe .14
with deal pending it is highly unlikely for it to fall through support. If deal does come through, it will be followed "quickly" by 2 contracts, if i remember correctly they will be gov't contracts.
Basically the reward greatly outways the risk, if deal falls throuh and i lose 10% oh well. If it goes through like i expect, I'm looking at a triple bagger. IMO.
I don't want to buy at over .20 once the pr does come out... DD it thoroughly, there is no rush.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
In at .16. A little concerned about the low volume, but the prospects looked promising for the end of the month. Keithsan, I know you hear it a lot, but thanks for the DD you provide and the tips to stocks many of us newer guys might not even pick up on.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
Come on, The World Series and the Super Bowl. Only good things happening in the Boston area.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
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posted
I'm always lining up picks, got thousands, just most of'em never get ripe enough to pick.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
just a heads up, bid is moving up and stacking here, no news out. only one left on ask. we shall see if this is the week.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
great volume here, it hasn't been lower than .14 in a while. this is double to triple normal volume and its early, .17 could be gone today, news could come this week.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
Anyone that has done the reasearch and taken a glimpse of the chart from January is gonna hold on for a couple days imo.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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