If our economy turns around, I expect CLSI to be up fifty percent by year's end, somewhere in the range of .026 to .032 per. I've been wrong on CLSI before. We'll see.
posted
pound sand?! heh, i see the boys in the oil thread have gone and gotten you all testy!
i'm going to sit on the bid for CLSI at .016 for the next month or so, we'll see. also bidsitting on NMKT at .50, ALMI at 1.11, CXTI at .91, ETLT at .49, JMIH at .28, ATVE at .185, and a few others. got ALMI and NMKT today, no luck on any of the others.
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btw, just to clarify - am still holding my core position in ALMI, have no plans to sell any time soon. am just talking about a smaller amount for swing-trading. has been a reliable swingtrade this week.
PDGE was hoping to get a bunch at 1.35 today, but - maybe tomorrow.
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i would like to take a larger position in JMIH, really surprised that the last 2 PR's haven't budged them at all. good balance sheet, PE about 7, backlog up to 9 months, lots of room for growth, not sure why they haven't moved. another strong PR today - no movement. sooner or later, i think they will get noticed. we'll see.
i missed CPTC by a penny today - had an order in at 2.95, drats
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I would like to see it drop a few pennies for a buy. They are fairly new but already are into decent but mild black ink. I am a little worried if our economy really turns sour, sport boats won't sell well.
Nonetheless, JMIH is a very good pick by you. I am sharing this one with my friends and family.
posted
we're living in dick cheney's america, that is part of why i like JMIH so much.
with the gap between the wealthy and the poor widening, and with the shrub and cheney in the white house, never been a better time than now to try to sell 38 foot fishing boats for $285k to very wealthy people who have benefited from the shrub's tax "reform".
sitting on 15k JMIH, looking for 5-10k more before am done accumulating. the first 2 5k blocks that went this am, that was my dad buying, on my recommendation to him - he emailed me today to confirm that his buys finally went through.
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dangit, had an order out for another 50k CLSI at .016 and one went this morning, but - not mine. you elbowing me again?!
out yesterday's ALMI swing position (core remains intact), swapped into NMKT at .49 and PDGE at 1.35. i'm sure i will get burned and learn my lesson re: falling knives and old sayings, but - can't resist at those prices, well below where i thought they might fall to.
am sitting on IDIB bid at .381, so please make sure to stay at .38, heh
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Read the above post and glad to see Clancy is now contracted in Austin, TX.
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pps of .018 seems undervalued though.
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maybe it's a dumb strategy, but - my strategy for CLSI is to buy a chunk for every .001 they drop. have chunks so far at .018 and .017, have orders out at .016 and .015 just in case.
probably this is a "bad" strategy because it goes against the conventional wisdom to "never average down". but - eh, i'm using it anyway, i find it helps me to manage risk. i'm sure i have a lot of strategies that are pretty dumb if i sat down and thought about them though, heh
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speaking of potentially dumb strategies, been a mixed bag with "don't try to catch falling knives". PDGE caught the exact bottom, very nice bounce off 1.35. NMKT not so lucky, can't believe dipped to .475. ATVE bought at .165 and that fell to .155 too. jury still out on IDIB and CLSI.
so, definitely a mixed bag, this "falling knife catching". i guess the technically correct thing to do is "wait for the bottom to be confirmed and a new uptrend is confirmed" or whatever. sometimes hard to resist though when something seems way too cheap, but - guess i have to learn to be more disciplined about this.
quote:Originally posted by blue_in_MI: dangit, had an order out for another 50k CLSI at .016 and one went this morning, but - not mine. you elbowing me again?!
out yesterday's ALMI swing position (core remains intact), swapped into NMKT at .49 and PDGE at 1.35. i'm sure i will get burned and learn my lesson re: falling knives and old sayings, but - can't resist at those prices, well below where i thought they might fall to.
am sitting on IDIB bid at .381, so please make sure to stay at .38, heh
posted
Order filled last week @ .018 over a couple days. Have a feeling investors will eventually catch on to this nice little gem of a company. (Especially as Clancy continues to show growth and profit)
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posted
Trading at .019 with over a half million volume.
I would like to state an upward run is in the making but this would be premature. However, it is clear there is sudden interest in CLSI for unknown reasons. Typically, this type of volume spike and mild price increase indicates some "inside information" has leaked.
Might be a reaction to the television special on new parking lot technology, aired recently.
Not suggesting a buy but I am suggesting to watch CLSI for a possible run.
posted
I expect their 10Q to be just like the previous.
CLSI is almost always black ink profit, but not so much to brag about. They were about break-even on the fourth quarter 2004, if I remember right. That quarter included the adjustment for accounting errors for their subsidiary, I think Puerto Rico.
Appears to me CLSI is rolling over profits into software development, advertising and acquisitions. They do have a knack for expansion but yet always reporting a remainder mild profit. Their approach does seem slow and calculated. I like that. It is an approach of using earnings to increase earnings rather than making use of typical financing schemes.
As you know, CLSI remains very undervalued. Most of this seems a lack of exposure to investors.
An absolute is CLSI will never fall below its current value, and an absolute is they can only increase share value with investor exposure to their undervalued status.
Upcoming 10Q and a lot of television coverage on parking systems a few days back, those most likely are the prime contributing factors to this recent jump in volume and price.
I am still accumulating and will sit on these shares for years to come. Eventually, CLSI will display a healthy increase in value. My hope is my "to be" million shares will be worth a million, in five to seven years.
$20,000 investment, $980,000 return.
I am at a half-million shares currently, and you better stop messing with my bid price, Blue.
posted
strange doings with CLSI yesterday - looks like maybe someone unloaded their position in a market order sell. as usual, hard to figure the trading patterns in this one. CLSI was showing strength recently and even in the morning, then suddenly - boom - big volume, bid dropped.
watching for any continued weakness to increase my CLSI position, we shall see.
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I am pretty sure on this. That is one person who bought lots and lots of shares, is unhappy, and is unloading. Why I am sure on this is he appeared on another board just before the last 10Q filing and said prices would go down to .01 per share. CLSI was flooded and they did.
Very recently, he appeared again, just before this current 10Q and stated the same. This time, however, prices did not fall that low.
Appears there is interest in CLSI. I am coming across others who are working on accumulation of one-million shares as I am. One commented, "If CLSI goes up one cent, that is $10,000." He means at one million shares, upward move of one cent equates to ten grand profit.
A one cent move is very possible.
I used this recent dip to buy another 100K shares.
posted
Clancy Systems International, Inc. and VenTek International Join in Park-by-Phone Program
19 May 2005, 3:51pm ET
DENVER--(BUSINESS WIRE)--May 19, 2005--Clancy Systems International, Inc. (OTCBB:CLSI) joins VenTek International in a new parking program. Clancy Systems International, Inc. has been providing parking solutions to government, university and private industry since 1986. VenTek International is a U.S. manufacturer with over 46 years' experience in providing parking hardware and equipment to parking operators, universities, municipalities, hotels, airports, parks and hospitals. The companies have joined by integrating Clancy's Park-by-Phone program ( www.park-by-phone.com ) into VenTek's multi-space meter environment. This integration provides telephone payment convenience along with cash and credit card payments to parking operators and patrons using VenTek's equipment.
VenTek's latest multi-space meters have a distinct advantage over the myriad of competing equipment by using wireless networking to provide real-time administrative control, credit card processing and enforcement services.
The system will be demonstrated at the annual International Parking Institute Parking Conference ( www.parking.org ) in Fort Lauderdale, FL, from May 22 through May 25. Attendees will be able to call Park-by-Phone service at Clancy's booth and will see the transaction on the VenTek equipment at the VenTek booth.
"The Park-by-Phone program is gaining acceptance by the parking public with great enthusiasm and membership is growing. Acceptance by users is only half of the solution. Integration into parking operations and state-of-the-art parking equipment is vital. VenTek's decision to implement Clancy's Park-by-Phone program validates the public demand for the convenience of this additional parking payment method," said Stanley Wolfson, Clancy's president.
"VenTek continues to separate itself from the crowded parking equipment field by focusing on technology, networking and service. The Park-by-Phone program is another factor, which helps the customer make the choice of VenTek when looking to install or replace multi-space meter equipment," states Gary Catt, VenTek's president.
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posted
interesting. wonder how big VenTek is, and how many places this whole park-by-phone thing might be implemented in, in say - a year? i assume VenTek is private, here is their website -
posted
3331 North First Street . San Jose, CA 95134-1906 . Adminstration 408.321.5555 . Customer Service 408.321.2300 Item 5.1
MEMORANDUM
Date: May 25, 2001 TO: California Transportation Commission SUB: Status Report on the Guadalupe Corridor Ticket Vending Machines
BACKGROUND
The California Transportation Commission (CTC) allocated $740,000 in TCI funds on December 19, 1997 for the acquisition and installation of 86 new ticket vending machines on the original 22-mile Guadalupe Light Rail System. The Guadalupe TVM project was part of a larger $7,400,000 TVM procurement and installation package for other light rail systems that included the Tasman West, Tasman East, Vasona and Capitol lines.
This replacement of original Guadalupe TVM equipment which is now over 10-years old is necessary in order to achieve a systemwide compatibility of fare collection equipment on all VTA light rail transit lines.
REASONS FOR EXTENSION
On February 5, 1998, VTA awarded a procurement and installation contract to VenTek International, a California firm based in Petaluma, California. The first delivery of VenTek TVMs were installed on the new Tasman West line which went into revenue service in December 1999. Thirty one TVMs were installed by February 2000. Subsequent to the Tasman installation, the TVMs were subjected to “punch-list” corrections and also Reliability Demonstration Testing during revenue service operations in accordance with contract requirements to prove defined levels of reliability.
Technical difficulties occurred in the development, manufacturing and installation of TVMs on the Tasman West Line. Delays in delivery of the equipment was also an issue. Additionally within the past year, VenTek International successfully concluded a major reorganization of its internal management structure The second in a series of TVMs were installed on the new 2-mile segment of the Tasman East Light Rail line in early 2001.
Page 2
VenTek and VTA completed the 90-day Reliability Demonstration Testing on the Tasman East line from North First Street to Interstate 880 prior to its opening for revenue service on May 17 of this year. The VenTek TVMs successfully passed the specified reliability performance testing. Based on this, manufacturing of the TVMs incorporating the “punch-list” corrections and reliability improvements are now in progress for the 86 new Guadalupe TVMs. Under the revised schedule, VTA expects to complete the installation of the Guadalupe TVMs before the end of 2001.
Although VTA and VenTek staffs worked diligently over the past three years, to resolve the certain technical problems in the most expeditious manner, it became certain by early 2001, that the original schedule set for the delivery, installation and testing of VenTek equipment could not be met, and that an extension on the TCI funding and completion of the project would be necessary. Under the original contract, the completion deadline was March 26, 2001.
A one-time, 20 month extension to September 30, 2002 was requested and approved by the CTC on March 28, 2001,with the proviso that VTA present a status report to the Commission at its June meeting in San Jose.
STATUS OF GUADALUPE TVMs
Despite the early on delays and technical difficulties experienced with the VenTek TVMs, VTA is pleased to report to the Commission that VenTek International and VTA will successfully complete the Guadalupe TVM contract. As indicated earlier, VTA expects the contractor to complete the installation of the TVMs within the period provided by the time extension.
VTA is confident that the rail transit riders in Santa Clara County will soon enjoy the benefits of the technologically advanced TVM equipment which is compliant with American Disabilities Act guidelines and developed and manufactured by a U.S. company based in California.
posted
Transit Planning and Operations Thursday, March 20, 2003 4:30 p.m.
City of San Jose 801 North First Street - Room 106 San Jose, California
Determined the Consent Agenda for April 3, 2003 Board Meeting...
Item #6., Authorize the General Manager to execute a sole source agreement with VenTek International in an amount not to exceed $2,650,000, for the purchase and installation of 34 Ticket Vending Machines (TVMs) for the Vasona, Capitol, and Tasman East Light Rail Projects....
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"The VEI Working Group was created to develop and support an open, non-proprietary standard for data communications for fare collection systems. The VEI Working Group is made up of Ascom Autelca Ltd. of Switzerland, Scheidt & Bachmann GmbH of Germany, and three U.S. based companies, Agent Systems, Inc., of Dallas, Texas, VenTek International of Petaluma, California, and GFI Genfare of Elk Grove Village, Illinois. Fare collection systems from these manufacturers represent as much as 50% of the international installed base of modern electronic fare collection systems, and perhaps 75% of all North American systems...."
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