This is the 1st VOLUME alert for PYBS in the past 7 calendar days.
Trading for Primary Business Systems Inc (OTCBB: PYBS) has been heavier than usual in today's session. By 09:50 ET, the stock had already traded 170,900 shares via 17 trades. The cumulative volume is 3796.49% above its 20-day average of 4,386. Normally the stock experiences around 1 individual trades per session.
So far, today's volume surge has caused a net rise in PYBS's stock price. At the time of this alert, the stock was trading at $0.135, up $0.065 (+92.86%).
One year ago, the Company's shares closed at $0.250. The price has declined more than 46 percent since then.
Over the last 10 trading session PYBS has traded in a range between $0.050 and $0.070 and is currently trading 86.63% below its 52-week high of $1.010 set on June 26, 2003 and 237.50% above its 52-week low of $0.040 from September 25, 2003.
In the previous 3 sessions, PYBS trading has displayed a mixed trend. Closing results have been as follows:
February 25, 2004 --- closed at $0.070 up $0.020 (+40.00%) on 17,600 shares February 24, 2004 --- closed at $0.050 even for the day on 0 shares February 23, 2004 --- closed at $0.050 even for the day on 0 shares
The Company last released news on November 18, 2003:
"Primary Business Systems Positioned for Growth Following Strong Jobs Report and Sector Upgrades"
PRIMARY BUSINESS SYSTEMS INC Primary Business Systems Inc. is a licensed professional employer organization that provides a comprehensive Personnel Management System to small and medium sized businesses in selected markets, which system encompasses a broad range of services, including benefits and payroll administration, health and worker's compensation insurance programs, personnel records management, employer liability management and training, and development services.
posted
i dont like to buy after a huge increase...i want to, but i have to accept that i missed the boat....how do you knw its gonna blwo even more from here?
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posted
Wise. I understand what you mean. I usually do the same but they were no resistance to this stock so I just wanted to see how high it would go. Now side trading between 0.13 and 0.15. Lots of buys. Will see if it break loose.
Level 2
bid 3x0.13 1x0.11
ask 2x0.145 1x0.18 1x0.23 1x0.51 (interesting jump...maybe MM playing with us again)
Malloy
quote:Originally posted by supermandwc: i dont like to buy after a huge increase...i want to, but i have to accept that i missed the boat....how do you knw its gonna blwo even more from here?
October 9, 2003 Primary Business Systems signs letter of intent to acquire firm San Antonio-based Primary Business Systems Inc. (OTC Bulletin Board: PYBS) has announced that it has entered into a non-binding letter of intent with a Texas Professional Employer Organization to acquire all of its outstanding shares of common stock.
Company officials would not divulge the identify of the firm, nor reveal the city in which the target firm is located.
Primary Business Systems operates two wholly owned subsidiaries in the PEO and temporary staffing services industries. PEOs provide HR, risk management and administrative employer responsibilities for client companies.
"Our goal is to increase shareholder value through acquisitions of other quality regional PEO companies that have developed quality relationships with their clients," says Chairman, President and CEO Rick Mathews.
"The acquisition of this PEO would result in strengthening our position in the PEO industry," he says. "This is one instance when the combination of companies will result in new synergies that should ultimately benefit the shareholders of PYBS.
"This acquisition will also provide more profitable revenue that will facilitate additional acquisitions," he adds.
Virginia Beach, VA, Feb 26, 2004 (M2 PRESSWIRE via COMTEX) -- ************.com`s morning scans of moving stocks on the OTCBB and Pink Sheets revealed a moderate list of stocks on the move today. Volume is light to moderate on the OTCBB today.
Among Stocks of interest today, Primary Business Systems, Inc. (OTCBB: PYBS) is up .075 to .145. Force Protection, Inc (OTCBB: FRCP) has achieved a new 52 week high this morning. International Travel CD's, Inc. (OTCBB: ILCD) is on day two of a nice move that has taken the stock from .60 at the open yesterday to a high of $1.01 so far today. Univercell Holdings Inc. (OTCBB: UVCL) is also on day two of a move that started at .02 yesterday morning to a high of .039 so far today.
posted
Not yet. I want to see if it breaks 0.23 where the last resistance was at. It jumps to 0.51 after that. I guess 0.22 would be my exit if nothing happens.
Malloy
quote:Originally posted by Bob Frey: Do you folks enter a limit sell order out during these runs?
quote:Originally posted by Malloy: Not yet. I want to see if it breaks 0.23 where the last resistance was at. It jumps to 0.51 after that. I guess 0.22 would be my exit if nothing happens.
quote:Originally posted by Malloy: Not yet. I want to see if it breaks 0.23 where the last resistance was at. It jumps to 0.51 after that. I guess 0.22 would be my exit if nothing happens.
posted
12 buys and 15 sells. buy 1 @ .27 Schwab 2 @ .23 sell 1 @ .29 nite 1 @ 32.5 I think this is going to fly well today. got out too soon. GLTA
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quote:Originally posted by fastrunner: 12 buys and 15 sells. buy 1 @ .27 Schwab 2 @ .23 sell 1 @ .29 nite 1 @ 32.5 I think this is going to fly well today. got out too soon. GLTA
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