posted
TTXI- Telco Technology - Due your own DD... but I believe you will see another big move here very soon. mach
Bullish MACD crossover occurring today. Previous two MACD crossovers at the beginning of September and Early November amounted in a 100% gain from entry at this time. See attached chart. http://stockcharts.com/def/servlet/SC.web?c=ttxi
Trading pattern and candlesticks also indicate an ascending triangle pattern which is an indication that a possible breakout will occur soon.
I believe we will see a third test of .19 and a possible breakout beyond on this next move which could mean astronomical gains from current levels… as when it breaks this key resistance area there is no upside resistance at all…
Could potentially explode to .40 or more. The float is very small… less than 8 million which means that this can move very fast.
Telco is a shell company with plans to merge with a Chinese Media Company. If this happens… which could be near term… this stock may in fact trade above $1.00. We all have seen how China related stocks have traded dramatically high recently and continue to explode.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
Telco Technology, Inc. Announces Progress In Efforts to Merge with Chinese Media Company Friday September 26, 11:18 pm ET CLOSTER, N.J., Sept. 26 /PRNewswire-FirstCall/ -- Telco Technology, Inc. (OTC Bulletin Board: TTXI - News; the "Company" or "TTXI") announced today that the transaction with the Chinese based media company continues to progress toward the proposed merger. The Company previously announced that it had signed a Letter of Intent to merge with the acquisition candidate.
From September 13 through September 17, 2003, Don McKelvey, Chairman of the Company, visited Beijing and reviewed the business opportunities with such company. It is contemplated that a second China-based company may be included in the merger. Total combined revenues are expected to be in the $20 Million range with profits in the $2.5 Million range. The second company is in the media industry as well, which represents large significant opportunities within the Chinese market.
"I was impressed with the attractive climate for investment in growing technology companies in these markets. We are working diligently to implement a plan for success, and believe that these Chinese markets continue to expand and are a natural fit for long-term shareholder value," said Don McKelvey, Chairman.
The Company anticipates that the parties will soon begin to work on a definitive agreement and Mr. McKelvey plans to return to Beijing in October to continue the talks to complete the transaction. The Company reported that a New York investment banking firm, which has expressed an interest in providing financing, will also be on the trip.
TTXI further indicated that it believes that the Chinese media markets are huge and content providers represent the future of these markets. This transaction is intended to include TV content, production and distribution according to the Company. Although the Company is hopeful the transaction can be completed over the next several months, there can be no assurance that an agreement will be signed or that said transaction will ultimately be consummated.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
posted
Thanks Kit... Hopefully we will see a move upward begin within the next few days... I will try and accumulate between .11 & .12. Too many MM lined up at .10. mach
quote:Originally posted by kitkatranchgirl: good pick mac looks good
posted
When I placed my very first post on this board... I recommeded a TTXI buy and possible move at .05. It went up 200% soon afterwords... Even when many were on the board... going... it scares me.... I then reposted for the second run on the MACD crossover... same reaction... "it scares me" but yet the stock surged 100%. Most if not all Penny stocks do scare me if I read into the intricacies too much. The market is governed in many instances by greed and fear... I use the techs and "hear" the market much more clearly and have been quite successful doing it. My analysis stands. mach
quote:Originally posted by FiftyCent: buying stock from a company not doing any business scares me!!!!!!!!!!!!!!
Plus they have been talking that chinese business for a while now.
posted
I am on it mach, doing my own DD now, I will post it later.
[QUOTE]Originally posted by machtabow2: [B]TTXI- Telco Technology - Due your own DD... but I believe you will see another big move here very soon. mach
posted
Mach, I have to admit you are in the zone here. OK, we have a very low volume, a company with no business operations but looking to hit the ball very hard with that potential merger. Uhhhh, well that's why they call them high risk stocks, high risk, high revenue. My technical indicators show a bullish pattern that is true, MACD looking bullish mostly from October and still is on the way up, with the regular ups and downs, look at the chart: http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[h,a]daclyyay[dc][pb5!b10][vc60][iUg!La12,26,9]&pref=G . Also, right now the Chaikin A/D indicator is showing accumulation in my software, like everybody is waiting for something to happen here and they have been slowly buying this thing. The Aroon UP/DOWN is also flashing accumulation and the Directional Movement indicator also displayed the uptrend that we can confirm with the MACD charts, but in this case the DMI just game me a sell signal today but as you know this can be only temporary based on the up and downs that we see here. The reality is that there is no doubt that a bullish pattern exist here, it's only a thing of risk management, will the merger take place ?. can´t tell for sure. In my opinion, medium to long term investment with % of risk management... I sure would love to be in here when that merger happens, wouldn't´t you ?. Please talk to me, I´d love to hear more of your side of this story. MAV.
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Hold 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy 20-Day Average Volume - 766045
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 469320
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy 100-Day Average Volume - 516965
Overall Average: 48% - Buy
SHORT TERM GOAL: Telco Technology, Inc. Announces Progress In Efforts to Merge with Chinese Media Company 9/26/2003 11:18:00 PM
CLOSTER, N.J., Sep 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- Telco Technology, Inc. (OTC Bulletin Board: TTXI) (the "Company" or "TTXI") announced today that the transaction with the Chinese based media company continues to progress toward the proposed merger. The Company previously announced that it had signed a Letter of Intent to merge with the acquisition candidate. From September 13 through September 17, 2003, Don McKelvey, Chairman of the Company, visited Beijing and reviewed the business opportunities with such company. It is contemplated that a second China-based company may be included in the merger. Total combined revenues are expected to be in the $20 Million range with profits in the $2.5 Million range. The second company is in the media industry as well, which represents large significant opportunities within the Chinese market.
"I was impressed with the attractive climate for investment in growing technology companies in these markets. We are working diligently to implement a plan for success, and believe that these Chinese markets continue to expand and are a natural fit for long-term shareholder value," said Don McKelvey, Chairman.
The Company anticipates that the parties will soon begin to work on a definitive agreement and Mr. McKelvey plans to return to Beijing in October to continue the talks to complete the transaction. The Company reported that a New York investment banking firm, which has expressed an interest in providing financing, will also be on the trip.
TTXI further indicated that it believes that the Chinese media markets are huge and content providers represent the future of these markets. This transaction is intended to include TV content, production and distribution according to the Company.
Although the Company is hopeful the transaction can be completed over the next several months, there can be no assurance that an agreement will be signed or that said transaction will ultimately be consummated.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
Safe Harbor Statement
Under the Private Securities Litigation Act of 1995, with the exception of historical information, the matters discussed in this release are forward- looking statements that involve a number of risks and uncertainties. The actual future results of TTXI could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to the ability of TTXI to find and complete an acquisition or merger. For more complete discussions of risks, see the information contained in the "Uncertainties and Risk Factors" Section of the Company's From 10-KSB for the year ended December 31, 2002.
FOR MORE INFORMATION CONTACT: Wall Street Communications, Inc. Howard A. Scala, President 800 338-9338
Telco Technology, Inc. Don McKelvey, Chairman 201 768-2310 em:Mckelveydon@hotmail.com www.TTXI.com
SOURCE Telco Technology, Inc.
Howard A. Scala, President of Wall Street Communications, Inc., +1-800-338-9338; or Don McKelvey, Chairman of Telco Technology, Inc., +1-201-768-2310, Mckelveydon@hotmail.com
posted
that famous 300 share trade went through @ 1:12 today. Someone needs shares badly. Tony
Posts: 210 | From: New York | Registered: Oct 2003
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posted
No matter how I look at the chart-- you're right-- looks like a launch in the next 20 trading hours. Good Luck All.
Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I'm not sure of a launch within the next day... but you never know... Give or take a few days... I think a move will happen soon. I'm trying to get in as close to .11 as possible... I'm not sure if I will get .10. Mav... thanks for the great DD. Outstanding work as usual. I've been on the ride for the last two huge moves... and this will be the third. I think the next move will be the final move that breaks upward resistance... we shall see... mach
Posts: 2695 | From: orlando | Registered: Sep 2003
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posted
Volume is has been light during consolidation from the last move. Keep in mind this is a shell... and there is risk/reward. I buy when either everyone else selling and more often when volume starts to creep to a halt. Also... the float is only 8 million. It's an easy game for me. Example:
Let's say you invest $500 in this company at .10 cents.. Round numbers. Now if the merger is completed... you will likely see this rocket to over $1-$1.50 in just a day or so... and then you have $5000-7500!!!!!! Of course it could not be completed and back to .02 and you lose $400. And it also helps to know that the merger does sound like it's moving forward. Risk/Reward
On a different note... If you just trade it... I think another run is coming soon... based on my initial analysis. Determine when you want to enter... but I believe we will see a floor here very soon... I don't bottom fish... TTXI as I've seen too many people chase it up dramatically on the up days. mach
quote:Originally posted by trader01: interesting pick mach, but isnt the volume a little bit too low? 283,000 shares put into perspective is roughly 30,000$ switching hands.
[This message has been edited by trader01 (edited December 10, 2003).]
posted
Thanks Mach. I put a BUY order around 0.111 let´s see if I can get a fill here. Let´s take the risk, thanks god there is risk management.
quote:Originally posted by machtabow2: I'm not sure of a launch within the next day... but you never know... Give or take a few days... I think a move will happen soon. I'm trying to get in as close to .11 as possible... I'm not sure if I will get .10. Mav... thanks for the great DD. Outstanding work as usual. I've been on the ride for the last two huge moves... and this will be the third. I think the next move will be the final move that breaks upward resistance... we shall see... mach
posted
Wow! I'm watching Bid support start to build up here today... It may begin to move up soon. mach
Posts: 2695 | From: orlando | Registered: Sep 2003
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posted
I see MM would like a few more shares. Working hard... They've got it at .105X.115 now. You should see when this moves up... it moves like lightening and it's very difficult to pick up shares. mach
quote:Originally posted by Mav: Did you look what just happend they put up the bid and second laters they dragged it down ....
posted
I am not filled yet. My order is still pending to buy @ 0.111 and you?.
quote:Originally posted by machtabow2: I see MM would like a few more shares. Working hard... They've got it at .105X.115 now. You should see when this moves up... it moves like lightening and it's very difficult to pick up shares. mach
posted
Well there are 9 MM sitting at .10 and .105. I imagine the only people getting a fill at that level are the MM. I'm taking what I can get... and will average down if necessary as I think a "spring-board" bounce effect is possible from these levels. mach
Posts: 2695 | From: orlando | Registered: Sep 2003
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posted
I don't think Mr. McKelvey went to China to come back empty handed !!!.
quote:Originally posted by machtabow2: Well there are 9 MM sitting at .10 and .105. I imagine the only people getting a fill at that level are the MM. I'm taking what I can get... and will average down if necessary as I think a "spring-board" bounce effect is possible from these levels. mach
[This message has been edited by Mav (edited December 10, 2003).]
[This message has been edited by Mav (edited December 10, 2003).]
posted
No... I really have a good feeling about this. I will hold a lot of shares here as I have seen many shells mergers explode 1000+ percent on the close of the deal... It does sound very promising... and the fact that it's Chinese Media... could send us much higher. mach
quote:Originally posted by Mav: I don't think Mr. McKelvey went to China to come back empty handed !!!.
[This message has been edited by Mav (edited December 10, 2003).]
[This message has been edited by Mav (edited December 10, 2003).]
posted
Mav... did you get a fill at .11 here? The one thing about TTXI that I've learned is that it will bore you to death for days... and then just explode. mach
Posts: 2695 | From: orlando | Registered: Sep 2003
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posted
NO, the MMs just passed over me, Did you see that ?. I am waiting @ 0.111
quote:Originally posted by machtabow2: Mav... did you get a fill at .11 here? The one thing about TTXI that I've learned is that it will bore you to death for days... and then just explode. mach
posted
I think Tony's post regarding MM needing shares might be accurate.... I honestly think there are many people holding rather large positions here and holding them strong... Witha float of 8 million... I mean... more than half can be in limbo... once again... small float mean bigger upside moves... you will see what I'm talking about when it begins to move up... it's like good luck getting in. mach
quote:Originally posted by Mav: NO, the MMs just passed over me, Did you see that ?. I am waiting @ 0.111
posted
I am trying to get in at a lower price, if not, I will get in at the close @ask. What do you think ?.
quote:Originally posted by machtabow2: I think Tony's post regarding MM needing shares might be accurate.... I honestly think there are many people holding rather large positions here and holding them strong... Witha float of 8 million... I mean... more than half can be in limbo... once again... small float mean bigger upside moves... you will see what I'm talking about when it begins to move up... it's like good luck getting in. mach
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