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Author Topic: It's time to sell IBZT?
Nano
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http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=IBZT&compidx=aaaaa%3A0&ma=4&maval=16&uf=0&lf=268435456&lf2=32&lf3=256&type=4&size=2&state=11&sid=1274966&style=370&tim e=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1507&mocktick=1

The resistance above 0.6 is strong.


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Bart
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No Way sell! Barchart shows short term BUY80%
med term BUY 100% and long term BUY 100%. Support .05 and resistance .08. This is for tomorrow! Eat MONSTER Eat

Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Nano
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I think barchart is a post-condition website.What barchart say is only for those happened already.

Not very accurate.


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vandy
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So nano what are you investing in. You seem to know what you are talking about. Please help a new guy out.
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rajarammx
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Nano,

Are you asking the question or recommedning a sell...What are your basis, todays gap was not bad between high & average PPS which indicates that it might actually gap up nicely tomorrow. 5 & 10 DMA are supporting the PPS & STO is slowly crawling toward 65.

As you mention, the support was at 0.06 instead of 0.035 3 days ago...

You might want to day trade this but I do not know about getting rid of you shares...Why would you think we need to sell this ?


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cabbage22
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sell but keep free shares, its a monster

Williams is near 10, stokes pushing 90. News will push it higher, no news will drag it down. You could hit 7 intraday, but will get clobbered. You have to remember there are near 2 BILLION shares os, and market cap needs to reflect the business.

Check the techs-

[This message has been edited by cabbage22 (edited January 28, 2004).]


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The Hippo
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Little help guys: I foolishly sold at .061 thinking it would continue to drop, but it had support! What do u think will happen tomorrow?? should i just try to get in first thing in th AM or wait or what??
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Nano
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not so sure.

Keep watching. Today's pattern is very much like Jan 6.
Tomorow may be still open high (like Jan 7). I think it's time to take profit(or hold only small portion) .


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OilMan
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So anyone like to explain to me how SONS rocketed...it for sure did not have the business to support it's bloated MC... anyone care to take a shot?
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old mullet
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you should be buying in increments when something is low and selling in increments during the run (unless you are playing the beta). i have already bought over 6 million shares and have sold 4 million in lots of smaller transactions. if you try to pick the bottom and top in a couple of hits you have to be really lucky or at least be smarter than the majority. most who try to time the market don't do all that well.

i still think ibzt has some more upside, and perhaps some more significant (20% or more ) downside before it tests the .08x range again. i am not looking at as a single opportunity to buy OR sell.

so to answer the question, is it time to sell? if you got in low you should have sold already several times during the last couple of weeks. IMHO.

uncle milty


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The Hippo
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quote:
Originally posted by old mullet:
you should be buying in increments when something is low and selling in increments during the run (unless you are playing the beta). i have already bought over 6 million shares and have sold 4 million in lots of smaller transactions. if you try to pick the bottom and top in a couple of hits you have to be really lucky or at least be smarter than the majority. most who try to time the market don't do all that well.

i still think ibzt has some more upside, and perhaps some more significant (20% or more ) downside before it tests the .08x range again. i am not looking at as a single opportunity to buy OR sell.

so to answer the question, is it time to sell? if you got in low you should have sold already several times during the last couple of weeks. IMHO.

uncle milty


Thats good advice Mr Mullet, but dont you get hit with the 3 day rule sometimes??


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old mullet
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i am a very active trader and have never been hit by the 3 day rule. i dont know if it is because i have a 7 digit balance, or because i buy and sell in many trades for any given stock. ie i might be buying and selling something the same day, but i also have bought the same thing on many previous days. i don't have a margin account either, and also make sure i am never 100% investes, reserving cash for that unexpected golden opportunity.

uncle milty


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The Hippo
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Old, did you start out in the seven figures, or did you accrue this money playing the market??
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Bart
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quote:
Originally posted by vandy:
So nano what are you investing in. You seem to know what you are talking about. Please help a new guy out.

Nano knows all! Barchart outdated! Where does this come from! This chart is updated everyday at approx 6:30! And sell you got to be kidding me. But, vandy if i was you I would lesson and sell sell sell! Right! Eat MONSTER Eat But sell sell when are they going to wake up and learn this thing is a MONSTER! Oilman some are just not going to see the BIG picture! Eat MONSTER Eat


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Love the Market
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I hope nobody sold in the past few days. If so, you're going to be chasing it up for a while to come, imo.

This After-Hours news was HUGE!!!!

iBIZ Technology Corp. Reaches Settlement Agreements With All Convertible Debenture Holders
January 29, 2004 17:53:38 (ET)


PHOENIX, Jan 29, 2004 /PRNewswire-FirstCall via Comtex/ -- iBIZ Technology Corp. (IBZT, Trade), a leading manufacturer and distributor of accessories for personal digital assistants (PDA) and hand-held devices, has reached settlement agreements with The Laurus Master Fund, The NIR Group, Lites Trading and LH Financial to settle all remaining convertible debenture debt. The terms of the agreements will be disclosed in a Form 8K Filing.

Ken Schilling, President and Chief Executive Officer, commented, "Today is a monumental moment in the history of iBIZ Technology Corp. We can proudly look back on the last several years knowing we survived industry downturns and a depressed share price."

Schilling further commented, "Rebuilding our business has been a slow and arduous process; however, today iBIZ Technology Corp. is now well positioned to capitalize on our core strengths. Accordingly, with a capital structure which will not be impacted by dilution as a result of paying down debt with common stock, this is an exciting time for iBIZ and it's shareholders. We look now to the future with planned growth through increasing generic sales revenues with an exciting product offering, as well as adding revenue through acquisitions and mergers."

About iBIZ Technology:

iBIZ is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and hand-held devices. iBIZ is recognized for innovative, high-quality, competitively priced products available through major retailers. For more information on iBIZ products and services, please visit www.ibizpda.com , email sales@ibizcorp.com , or call 1-800 234-0707.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

SOURCE iBIZ Technology Corp.


Belinda Banks of S&S Public Relations, +1-718-320-4898,
Belinda@sspr.com http://www.prnewswire.com

Copyright (C) 2004 PR Newswire. All rights reserved.



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