posted
I'm in for small volumes and would like to buy more... This should be 0.25$/sh following expected end 2004 earnings. Good luck to all, this seems so undervalued right now...
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I'd say to hold this one for a good 1 or 2 weeks and it can possibly go up to 5-10 cents...I think we will have short term gains like tomorrow and later this week...But I think this will really run within the next week or so...Again, it's always smart to play it safe and sell for small profit...zo...
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quote:Originally posted by zo: I'd say to hold this one for a good 1 or 2 weeks and it can possibly go up to 5-10 cents...I think we will have short term gains like tomorrow and later this week...But I think this will really run within the next week or so...Again, it's always smart to play it safe and sell for small profit...zo...
What are you seeing that would support the 2 week to 5-10 cents scenario?
BTW, I am relatively new to day trading and am starting out very slow. What would you suggest I read/liste/subscribe/surf?
[This message has been edited by CouchP (edited November 17, 2004).]
posted
I'm assuming this is strictly a chart play, right, because I don't see anything on the horizon that's going to make this go up, at least from a fundamental standpoint. They've got an a/s of 500 million of which only about 15 million have been issued but they're now increasing the a/s to 2 billion. That looks like massive dilution is upcoming to me. Also they seem to be following the pattern of any other stock that had a recent reverse split. Their's was in mid August and outside of the one jump mentioned here, it has been downhill ever since. Someone tell me, what am I missing here?
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Keith, From what I can tell the a/s has been at the 500 million for a while but the increase to 2 billion was just approved on October 1 of this year. That's what I don't understand. They had almost 490 million unissued, why the need to raise it to 2 billion?
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On July 14, 2004, Buehler Earth & Waterworks, LLC agreed to acquire a 75% interest in Advance Pool Technologies, Inc a Florida licensed commercial pool designer and qualifier.
On August 13, 2004 the Company announced a 40 - 1 reverse split of its common shares. On the same day NASD changed the Company's symbol from TSBB.OB to TSBI.OB.
The Company issued 3,750,000 preferred shares. On August 13, 2004 such conversion ratio was reduced to 25-1 in line with the Company's announcement of its 40-1 reverse split of its common shares. On August 25, 2004 the Board of Directors reduced the conversion of the preferred to 4 - 1. As of the date of this report no preferred shares have converted to common shares. http://biz.yahoo.com/e/041012/tsbi.ob10ksb_a.html