posted
simc looks like a bouncer for tomorrow imo. not in, just the pony im "betting" on. fourseven, i love your gapdown page. super simple, when does it update, usuallly eod is the best time to get into these gapdowns. does it do it before the closing bell?
AP Last Call: Global Cash Access Holdings Thursday November 15, 3:13 pm ET Global Cash Access Shares Tumble After Company Says It Will Delay Filing Quarterly Report
NEW YORK (AP) -- Shares of Global Cash Access Holdings Inc., which provides ATM and cash advance services to casinos, hit a new all-time low Thursday after the company said it will delay filing its most recent quarterly report because of an ongoing internal investigation. Shares tumbled $1.17, or 12.7 percent, to $8.03 in afternoon trading, after hitting a new all-time low of $7.99 earlier in the session. Shares have traded between $8.80 and $17.12 in the past 12 months.
Late Wednesday, the Las Vegas-based company said it will delay filing its financial report for the quarter ended Sept. 30 due to a confidential internal probe.
Global Cash Access said it plans to file its quarterly report as soon as practicable after the investigation but is unable to predict when that will be.
Wachovia analyst Daniel R. Perlin said to expect weakness in the share price, but he maintained an "Outperform" rating on the stock.
Posts: 6410 | Registered: Jul 2006
| IP: Logged |
posted
hey freemuney, thanks for the props. the site updates around 7~8pm every(ish) market day, so it only finds gappers after they're done.
you can use the scans at stockcharts.com, or any of the "top gainers/losers" shortlists on various finance sites. bulk of them is intraday-delayed, but still should be good to catch movers like that.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
| IP: Logged |
posted
CPKL low float stock xtremely undervalued good fundaments down from ,002 to .0002 with a few grants. put on watch cause a great gap must be filled. this co has real product.
Should be good for 20-30% IMO maybe more for the patient ones.
Microfield Group Reports Financial Performance for Q3 2007 Thursday November 8, 5:38 pm ET CEO to Detail Company's Continued Growth and Record Performance for EnergyConnect During Investor Conference Call on November 15 Key Highlights for Q3 2007: -- EnergyConnect Reports Record Revenues of $4.7 Million, 5x the $943,000 Reported for Q3 2006 -- Microfield Records Consolidated Quarterly Net Income of $851,000 Versus $1.1 Million Loss Reported for Q2 2007
PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. (OTCBB:MICG), reported financial results today for the three and nine months ended September 29, 2007. Total revenues for the period totaled $20.2 million, compared to approximately $20.7 million for the same quarter in 2006. The revenue for the current quarter includes $4,691,000 from EnergyConnect and $15,517,000 from Christenson Electric. Revenues for EnergyConnect were approximately 5x the $943,000 recognized in the third quarter of 2006. This significant increase in revenues is due primarily to increased usage of EnergyConnect services by participants, and a larger base of participants. ADVERTISEMENT
The Company benefited from the recognition in this quarter of approximately $2.5 million in revenue from a capacity program it entered into in June 2007 within PJM Interconnection. The $2.5 million of revenue recognized during this accounting period represents the program’s aggregate revenue under the current contract. The Company will receive the cash for this revenue monthly through June of 2008. No further revenue will be recognized under this program until the new program year starts in June of 2008. The Company also benefited from enhanced gross margins on the revenue recognized under this program. It is not anticipated that the margins on the revenue from this program will be as high in the program year starting in 2008.
Revenue through the third quarter 2007 was $52 million compared to approximately $60.8 million for the same period the previous year. EnergyConnect revenue for the current nine month period was $10.4 million, 5x the $2.1,million in revenues for the same nine month period last year.
The company recorded net income for the consolidated group for the third quarter of 2007 totaling approximately $851,000 or $0.01 per basic and diluted share, compared to net income of approximately $6.7 million during the third quarter of 2006. Last year’s quarterly net income included non-cash derivative income of $9.8 million. Exclusive of that derivative income, the prior year quarter would have been a net loss of $3.1 million. The derivative income was recognized upon the re-valuation of warrants at the end of each quarter in 2006.
The net income for the current quarter of $851,000 was comprised of net incomes of $1.3 million in EnergyConnect and $164,000 in Christenson, less corporate costs of $625,000, that include $184,000 of stock-based compensation expense.
Net loss for the nine months ended September 29, 2007, was approximately $2.2 million, compared to net income of $2.5 million for the same period in 2006. Net income for the nine months in 2006 included non-cash derivative income of $8.3 million, as described above. Exclusive of that derivative income, the prior year quarter would have been a net loss of $5.8 million.
This net loss for the current nine-month period was comprised of net income of $165,000 in EnergyConnect, a net loss of $206,000 in Christenson, and corporate costs of $2,141,000, that include $668,000 of stock-based compensation expense.
“We are seeing the benefits of concentrating our efforts on the growth of our EnergyConnect division,” stated Rod Boucher, Chief Executive Officer of Microfield. “Adding Constellation NewEnergy during the quarter as a new alliance significantly enhances our partnership program. This is an important period in Microfield’s growth path as we continue to develop our technologies that address the nation’s rising need for electricity.”
Mr. Boucher will discuss the financial performance for Q3 2007 and other recent strategic achievements during an investor conference call on November 15 at 12 Noon EST. Callers within the United States can access the conference call by calling 800-700-7860; when prompted tell the operator you would like to connect to the 'Microfield Group conference call.' International callers can dial 612-332-0820. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/autoir/micg_autoir.html.
Microfield’s EnergyConnect division is harnessing the nation’s energy infrastructure with smarter technology solutions that capitalize on the emergent multibillion-dollar Demand Response marketplace. Our products and services provide sustainable, cutting-edge solutions that enable consumers to lower their increasing energy costs and generate significant revenues while alleviating the mounting strain on the nation’s power grids and energy infrastructure. Microfield’s EnergyConnect works in tandem with major consumers of electricity to generate significant, long-term revenues through environmentally responsible solutions that make smarter use of the energy that’s already available. The Company’s high-growth business strategy is targeting an estimated $12 billion segment of the $300 billion energy marketplace. Through our leading-edge technologies, EnergyConnect is enabling a win-win partnership between consumers, utility companies, electricity grids and all energy market participants.
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MICROFIELD GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
($000’S)
September 29, December 30, 2007 2006 (Unaudited)
Cash $ 1,825 $ 2,545 Accounts receivable 10,520 9,105 Other current assets 3,626 3,301
Total current assets 15,971 14,951
Goodwill and intangibles 41,047 41,443 Other long term assets 846 753
Total assets $ 57,864 $ 57,147
Accounts payable $ 5,487 $ 5,063 Bank line of credit 5,110 3,830 Other current liabilities 4,513 3,377
Total current liabilities 15,110 12,270
Long term liabilities 71 1,261
Total liabilities 15,181 13,531
Shareholders’ equity 42,683 43,616
Total liabilities and shareholders’ equity $ 57,864 $ 57,147 MICROFIELD GROUP, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
($000’s, except share and per share data)
(Unaudited)
Three months ended Nine months ended Sept. 29, Sept. 30, Sept. 29, Sept. 30, 2007 2006 2007 2006
Revenue $ 20,207 $ 20,663 $ 52,005 $ 60,794 Cost of goods sold 15,057 19,452 41,020 53,970
Gross profit 5,150 1,211 10,985 6,824
Sales, general and administrative 4,196 3,067 12,156 9,850 Stock-based compensation 184 272 669 1,247
Income (loss) from operations 769 (2,128) (1,840) (4,273)
Other (expense) 82 (975) (327) (1,579) Derivative income (expense) - 9,756 - 8,319
Income (loss) before provision for income taxes 851 6,653 (2,167) 2,467
Provision for income taxes - - (15) -
Income (loss) from continuing operations 851 6,653 (2,182) 2,467
Gain on discontinued operations - - - 17
Net income (loss) $ 851 $ 6,653 $ (2,182) $ 2.484
Net income (loss) per share: Basic $ 0.01 $ 0.09 $ (0.03) $ 0.04 Diluted $ 0.01 $ 0.08 $ (0.03) $ 0.03
Shares used in per share calculations: Basic 83,135,867 74,531,401 82,023,503 65,433,453 Diluted 86,052,443 82,026,176 82,023,503 72,928,227
Contact: Microfield Group, Inc. Chief Financial Officer Randy Reed, 503-419-3364 or Trilogy Capital Partners Financial Communications Ryon Harms, 800-592-6067 ryon*trilogy-capital.com
posted
I am new to this board, but after reading some of the comments about gap down and Up positions. I feel that I am in the right place for the type of trading I do.
Most of my picks come from gap's either up or down. I have designed a formula that looks at a percentage difference of premarket hours versus the previous day's low, close or high . At the present time. I have it set up to look at stocks from a range of one dollar through $44 and a volume of at least 200,000 shares during premarket hours. This is a live feed.
At the present time I have a percentage difference set at 10%.
Welcome all comments.
Posts: 330 | Registered: Nov 2007
| IP: Logged |
posted
fourseven, do you trade with Ameritrade? it would appear that after reading some of your posts. You deal with formulas.
Could you possibly explain a little more in detail on your look back formula. At least that is what I call it. It would appear that in some ways. It is similar to what I am trying to do, except I am using premarket and historical data, in combination with each other.
posted
chuck.. my broker's fidelity.. i made an unrelated system for calculating support/resistance levels and swings, i use it on my charts. it's based on end of day data.
what do you mean by "look back" formula? like back-testing, or something else?
good call with the premarket data though, that helps. where do you find that?
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
| IP: Logged |
posted
fourseven, let's say when you're building a formula you won't today's high to be greater than any high from the past 14 days. THE 14 days will be your look back.
Let me explain to you what my formula does. If you have time.
It measures the percentage difference from your premarket data, (Live data) from yesterday's low, high or close. I also have it set up so that I can implement the price range and the volume range
Every morning I search for stocks in the premarket hours section of Ameritrade. This is where I get my picks. Although this morning something had happened to the scanner.
I feel that it is a great advantage to be able to do this. So far I have had very good success. It's just that a lot of people do not trade this way. Which is hit and run trading. I try to never stay in a position overnight.
quote:Originally posted by fourseven: surfer.. MICG looks like it took a beat-down.. but from what looked like an over-reaction (mid-october, rocked to 1.50, double top and drop?)
so, i prognosticate it will find a bottom around .70, and touch back up .92 or so?
I keep trying to find bottom for this. This is my 3rd attempt. lol. Still does not match any indication of turning yet but... sooner or later...
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
BooDog, I tracked it as far back as 1998, and it is lower today than it was then, which was around four dollars.
Posts: 330 | Registered: Nov 2007
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Razz]](tongue.gif)
![[Frown]](frown.gif)
![[BadOne]](graemlins/headbash.gif)
