posted
All this news has to sink in...Some sold into news...I look for a better close tommorrow...IMHO
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
I think, but am not confident, this formerly IPVO will drop one more time before moving up. This drop of which I write should not amount to more than four to six cents, a drop to .41 or so with low volume sidewards trading following.
News is decent, yes. Very strong down trend since the first of the year might prevail. Today's trading displays upward pressure and downward pressure to be equal in strength; not enough upward pressure yet.
Upward resistance kicks in at .50 per share leaving only a four to eight cent margin on a low volume spike, intraday. Looks ok for fast single day trades.
My opinion, which is doubtful, is to watch for a double bottom to form Friday through Wednesday of next week, then watch for increasing upward pressure to start forming.
Be careful on market close spikes. Quite often that is market makers front running into high bids they sat upon all day. My experience is a market close upward spike will make for a higher next day open followed by falling share price during the day.
There is cause for upward movement, but I am not so sure this will happen just yet.
posted
well, if past history is any indication, NMKT is likely to drift back to .41 or so and stay there for awhile.
a very odd stock, been following a long time. the way i am trying to play it is to: hold half long, and swing the other half continuously, selling into any decent news.
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
posted
i do like NMKT, btw - didn't mean to sell it short in that last post. i own NMKT - huge growth, mildly profitable so far, hopefully more so in the future. but ever since it's "fall from grace", NMKT has had a lot of trouble sustaining any upward motion. still, i think it will eventually see $1 again - may be 2 years off, but i think will get there. i wish verges would stop talking about naked shorting in his PR's though, i admit.
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
posted
ditto on what blue says, this company share price will see $1 by year's end.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
| IP: Logged |
posted
it will be a couple of months with the slow summer trading season coming, I'm keeping this one for my christmas bonus.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
| IP: Logged |
posted
well it didn't do too bad late last week, in spite of the negativity news today, more acquistion.....
2005-05-09 09:22:12 B: NewMarket Technology Inc. Signs Letter of Intent Agreement to Acquire Corsa Networks with $7.6 Million in Annual Revenue; Acquisition to Enhance Voice over Internet Protocol Strategy
DALLAS, May 09, 2005 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT) announced today entering into a Letter of Intent (LOI) agreement to acquire Corsa Networks. The acquisition will enhance NewMarket's Voice over Internet Protocol (VoIP) Strategy. Corsa will be combined with NewMarket's VoIP subsidiary, Xiptel Communications. Corsa is a five-year-old IP systems integration firm specializing in the construction of secure communication networks. Corsa reported $7.6 million in profitable annual revenue for 2004 and expects to report $9 million in 2005.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
| IP: Logged |
posted
This company will take over the VOIP or will merge with one the big Three SBC, Verizon or Vonage.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
| IP: Logged |
posted
I'm still in and expecting some movement late this week early next week. Just a hunch;).. I hope I'm right.
Posts: 176 | Registered: Nov 2004
| IP: Logged |
posted
I had QSC, bought it at .49 for two months it didn't do a thing, up or down tow cents every day. Good company and good revenue and future. I became desperate and sold. A week later it hit .84 cents.
NMKT has a much better future and much more revenue, and less legal issues, it will be a matter of time before it goes Kabooom.... I say by May 20th we should see a slow but upward climb to close to $1
Between that day we will see .41 again then I'm loading on some more
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
| IP: Logged |
posted
NewMarket Technology Inc. Reports Record Quarterly Revenue of $10.1 Million and 3rd Consecutive Profitable Qtr for Q1 2005 Representing 382% Growth Over Q1 2004 DALLAS
CEO Comments on Anticipated Explosive Growth Throughout 2005 and Future Stock Price Potential
NewMarket Technology Inc. (OTCBB:NMKT) today filed SEC Form 10QSB reporting the Company's financial performance in the first quarter of 2005. The Company realized 382% growth in profitable revenue for the quarter compared to the same period last year. NewMarket reported over $10.1 million in revenue with a profit of more than $200,000 in the first quarter of 2005 compared to revenue of $2.6 million and a net earnings loss in the first quarter of 2004.
"NewMarket has grown explosively since 2002 from annual revenue of $1 million to annual revenue in 2004 of $25 million," said Philip Verges, CEO and Chairman. "We anticipate ongoing explosive growth through 2005. The Company is on track to realize our 2005 $75 million revenue forecast and we continue to plan for similar explosive growth in 2006 and beyond. We do not believe the current share price reflects the Company's market potential. The Company's revenue grew over 1000% from 2003 to 2004 and at the same time shareholder equity increased from $5 million to over $17 million. Yet the Company's market capitalization has not increased to reflect the improved financial stability and performance. In other words, the number of shares multiplied by the price of the stock, reflecting the overall market capitalization or market value of the Company, has not increased. While more stock has been issued in conjunction with the execution of a merger and acquisition plan, the share price would still have had to increase for the market capitalization to have grown in response to the increased revenue, profits and balance sheet assets. Management believes the market has had difficulty recognizing the potential of the new technology category NewMarket is defining. We further believe the share price has been burdened by environmental trading conditions specific to the over the counter market. We are confident that the realization of anticipated performance benchmarks in 2005 will result in a breakthrough of the communication barrier impeding the market's current understanding of NewMarket's ground breaking progress in defining a new technology business category. We are further confident the Company will outgrow and overcome the conditions specific to the over the counter market that inhibit the share price from reflecting the intrinsic value of the Company."
News seems to be doing nicely.
Posts: 9 | Registered: May 2005
| IP: Logged |
risk/reward looks pretty good to me from the low-.40's, hard to see it going back to the .30's again *if* they can keep up good reports like yesterday.
am sure will be a bit of a struggle to slowly move up, but - am going to take my chances and hold a small amount of NMKT long-term and see what verges can do with the company over the next few years, we'll see. HOM and NMKT have generally just done swing-trades on both in the past, but both strike me as having enough consistent growth in their businesses to try as a longer term hold.
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
NewMarket Technology Inc. to Present at Southern California Investment Association's National Small Cap Conference June 4th in Orange County; Recent Defense Technology Systems Inc. Deal to be Featured TUESDAY, MAY 31, 2005 12:56 PM - BusinessWire
NMKT 0.47 +0.01
Enter Symbol:
Enter Keyword:
NewMarket Technology Inc. (NMKT) today announced that it will present an overview on the Company's recent performance and 2005 forecast at the Southern California Investment Association's National Small Cap Conference June 4th in Orange County. NewMarket Technology specializes in the market introduction of emerging technologies by packaging emerging technologies with current brand name technologies. NewMarket has grown from $2.3 million in revenue in 2003 to $25 million in profitable revenue in 2004. A unique shareholder benefit resulting from the NewMarket business model is a recurring dividend feature through periodic spin-offs. As emerging technologies mature, NewMarket moves the emerging technology into a standalone company with a marketable security independent of the equity of NewMarket. Most recently, NewMarket sold its Homeland Security subsidiary to Defense Technology Systems Inc. (DFTS) with plans to issue Defense Technology Systems stock to NewMarket Shareholders in a dividend issue to be declared later this year.
In conjunction with the Homeland Security deal, Defense Technology Systems recently implemented a revitalization and redirection plan leveraging its experience in providing digital communication infrastructure solutions to Fortune 1000 companies in order to expand into providing overall Homeland Security solutions to major metropolitan municipalities. Through the acquisition of NewMarket's subsidiary, Defense Technology has a trailing twelve month revenue of $5 million. Defense Technology management intends to build a comprehensive Homeland Security product portfolio through an ongoing acquisition campaign geared to transform Defense Technology into a significant participant in the Homeland Security and Defense sectors.
The Southern California Investment Association, Inc. (SCIA) Small Cap Conference will be held from 7:15 a.m. - 1:30 p.m. Saturday, June 4th, at the Orange County Airport Hilton (1-800-Hiltons or 949-833-3331 for hotel reservations only), 18800 MacArthur Boulevard, Irvine, Calif. 92612, conveniently located across from the John Wayne Airport (SNA). Registration required.
About Southern California Investment Association (www.sciaonline.org)
SCIA National Small Cap Syndicate is a comprehensive national organization developed to facilitate stock support and capital formation for small to medium listed and emerging-growth companies. The alliance consists of almost 200 member firms including NASD broker/dealers, investment and merchant bankers, investment advisors, analysts, financial service managers, market makers, venture capitalists, fund managers, media and accredited investors. This team of over 300 key industry professionals provides a wide range of services including, but not limited to, equity and debt financing, market making, mergers and acquisitions and corporate security strategies.
Conference sponsors include: Paulson Investment Company, Inc., The Largest Independent Brokerage Firm in the Pacific N.W., www.paulsoninvestment.com; Preston Gates & Ellis LLP, Law Firm Committed to Diversity, www.prestongates.com; Continental Stock Transfer & Trust Co., Great Value with Flawless Executions, www.continentalstock.com; Trilogy Capital Partners, Inc., Financial & Communications
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. concentrates on the market introduction of new technologies. NewMarket continuously acquires undiscovered emerging technology companies and incorporates the products of the acquired companies into NewMarket's overall product portfolio. New technologies are packaged with complimentary recognized brand name solutions such as Microsoft (MSFT) and Cisco Systems (CSCO) . NewMarket has introduced a new business model that augments the profitability of conventional sales by monetizing the business value increase that results from the market introduction of a new technology. NewMarket's innovative business model also monetizes the resulting business value increase for shareholders by issuing stock in the acquired emerging technology companies to shareholders through dividend declarations. After reporting $2.3 million in 2003 revenue, the Company reported $24.9 million for 2004 with a net profit of $574,087 and has forecasted 2005 revenue of $75 million. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security, and Financial Services industries. NewMarket has operations in North America, Latin America, China and Singapore.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
posted
started moving up slowly the past two days anyone know why? I dont see any news
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
| IP: Logged |
posted
NewMarket Technology Inc. (OTCBB: NMKT - http://finance.yahoo.com/q?s=NMKT.OB ) NewMarket Technology Inc. announced entering into a letter of intent agreement with UniOne Consulting to acquire one hundred percent of the issued and outstanding stock of the Sao Paulo, Brazil-based technology service firm. UniOne is a systems integration and technology service firm with a diverse client base throughout South America. The Brazilian firm has an extensive customer list that includes for example McDonald's, Flextronics, Alcatel, and ABB. UniOne also maintains certified technology solution partner status with a broad number of key software companies to include Microsoft, Oracle, Hyperion, SSA Global, and Siebel.
"UniOne is an exceptional company and a well-timed addition to NewMarket's systems integration and service capabilities," said Philip Verges, CEO and Chairman of NewMarket. "UniOne is the 47th largest integrator in Brazil and one of the 200 largest technology companies in Brazil. NewMarket is currently consolidating its systems integration and service resources acquired over the last two years to optimize operational efficiency and as equally important, to coordinate an aggressive streamlined marketing thrust throughout the geographic regions where we currently have a presence. UniOne will complete NewMarket's reach into all of South America."
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
| IP: Logged |
posted
Glass has been missing in action, he could have been the one who set the whole thing up. He is probably in Brazil at the moment using the glass making class as an excuse so no one suspects anything LOL Where r ya glass need you here
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
| IP: Logged |
"NMKT intends to declare a dividend distributing the 10 million Defense Technology shares to NewMarket shareholders of record as of July 1, 2005"
very nice run the last few days. took 1/3 off the table at the close yesterday, but still holding 2/3 of my NMKT. will keep holding, still like this one as a long-term hold.
quote:Originally posted by vg: started moving up slowly the past two days anyone know why? I dont see any news
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Frown]](frown.gif)
![[Razz]](tongue.gif)
