quote:Originally posted by g-invest: Wow. I can't believe there are still people in this stock. Didn't the CEO say over four weeks ago that they would be off the pinks in exactly four weeks? If a CEO made that kind of a comment and didn't stick to it in "the real world" he'd lose his job. Yet this guy still has his job.
The CEO did not say that, which is easy enough to check and I suggest you try that in the future.
Turek said on May 18 that the audited financials would be finished in four weeks. Anybody with sense knows it takes longer than one day to get off the pinks onto OTCBB.
The four-week goal for finishing the audit was indeed missed, and now the company says it will finish by the end of next month.
Anybody that has ANY business sense wouldnt want to aquire a company like Semco who is PRIVATE, after announcing an audit would be complete then realize that OOOPS we didnt really look at the company we bought very close and we screwed up so therefore the pps tanks and doesnt come back(hence the delay)...not to mention the company you are aquiring has a product UNLIKE any in the world! Rather than do something Stupid like that they push the audit completion back a few weeks to cover thier quote "ass*s" and everybody panics and calls them criminals!!! As a public company you CANT put out a pr that states that the company that you are aquiring "has been profitable for years" and "we have sustained profitability for second quarter" then come out and say the audits done and we lost money. Does it happen:::sure it does everyday but look at the age of the 99% of those companys..they are startups or less time in business then most high school graduates have at McDonald's and NOTHING to back them!
You are talking about a 15+ year old company with the founder and family STILL at the controls who by the way own over 70% of the shares and can and probably will retire them or buy back if ness. They have 50 state approval, feds,canada and would not give in to the sharks at the state levels to pay them for thier approvals they recieved. That is not my idea of a unethical illegal company, for those who have not owned or ran a business thats called Growing pains and is part of the ball game. If it was as easy as here it is,here we go, yes we did it, look at us now, everybody would be doing it right!!!
Moral of the story is either hold and shut up, go along for the ride, go put your money in a startup with no history and HOPE it goes back to .04-.05 cause it rocketed(HISC) and had to fall, or slowly ride this one to the top, be happy and go buy a hamburger and a beer!!! Chit but me one while your at it! lol
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One other thing to ask your self as your running off at the chops: How do they know that Semco and Plasticon are profitable if they dont have thier books up to date???? Wouldnt be real smart to put out a pr if your books are out of whack and you dont know what you made.
Check with the guys who used to manipulate TASR and there used to be a saying "the shorts are going to eat thier shorts"
The PLNI shorts (mainly NITE) are going to "CHOKE on thier naked shorts before its all said and done"....mark my words and feel free to repost this in a month or two.
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How do I put him on ignore? Please PM me with the mothod or post here. I appreciate it.
I obviously have a hard time not going after this guy. I guess it's mostly because he uses the "Sarge" title that get's my goat. I was also in the service and when I see his posts I see red...Have friends still in the service and some are overseas right now. We just lost two more boys in Iraq and was the headline in this mornings paper.
I'm sorry folks if I contribute to his posting here more than he normally would.
quote:Originally posted by mbmaid: I've placed Sarge on ignore. I suggest everyone else do the same.
Bearclaw can't even figure out when to get rid of a penny stock how could he ever phathom putting me on ignore. And the only thing a scammer like you did in the service was fly Jane Fonda to Hanoi and back
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BC, it's easy: click on person's handle whom you wish to rate as delightfully ignoreable, then click on "ignore this poser." Well, maybe it says "poster"--can't rememeber.
Or simply don't respond--as you're doing now.
"If the phone don't ring--it's me!" lol
You're a good board member, 'claw--enjoy your posts...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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I only answered the comment of 50% with some observations. In response to some other items...Swing Trades do happen over multiple days...With PLNI there have been several recently. There are stocks like SIRI, NT and LU that were traditionally $2.00- $5.00 stocks that you can Swing Trade over a longer period of time depending on your share count and targets.
In my mind and considering the shares I would Swing Trade with PLNI, if it moves down and up 20 clicks or .002 then that is a great opportunity to accumulate. I have taken swings of 5 - 10 clicks and been very happy with the additional shares I pick up.
In the conversation I was having earlier my input had to do with what I see the MM's doing if I think it may drop. You were absolutely right that you need a great deal of patience to be successful Swing Trading. Now folks who daytrade on margin or chase runners don't need that particular quality. So in addition to your patience point, reading charts accurately and paying attention to the MM's on the stocks you choose to Swing Trade are key components. Of course after doing your DD in choosing the stocks to Swing Trade.
I hope this clarifies you interest...Take care...
quote:Originally posted by netinvestor: I have been in about a month I have only seen it drop about 35 percent once, unless your talking over multiple days, I have only seen it below about .0135 2 days, it has been at .014 to about .0185 for the most part, so its not like its jumoing from .011 to .019 on a regular basis, if your trying to swing this your going to have to be very patient, which doesnt usually go hand in hand with a swing trader, unless u like to work on small margins....a 50 percent drop would be from .018 to .009 right, I dont what you guys are talking about because I havent seen swings like this in the last month
Thanks for the kind words buddy...I enjoy your posts here too...I hope this works out great for both/all of us...PLNI has some great potential...Let's hope it all works out...
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you guys come up with all this thoughtful dd on these bashers they are just sour graping our success when did you ever see or hear of a ceo be called on the carpet for a statement that was made by an employee on an interview and come out with a pr that was as pure and striaght as the driven rain like jim did i know exactly where i stand now. and i like it. you bashers it is not working on this thread. just go back to your sandwich sign that says morons R us.
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Bond.. Don't you sometimes miss plain straight talk? I do...I appreciate it when I hear or read it...Great post...You said it straight...Thanks
quote:Originally posted by bond006: you guys come up with all this thoughtful dd on these bashers they are just sour graping our success when did you ever see or hear of a ceo be called on the carpet for a statement that was made by an employee on an interview and come out with a pr that was as pure and striaght as the driven rain like jim did i know exactly where i stand now. and i like it. you bashers it is not working on this thread. just go back to your sandwich sign that says morons R us.
quote:Originally posted by g-invest: Wow. I can't believe there are still people in this stock. Didn't the CEO say over four weeks ago that they would be off the pinks in exactly four weeks? If a CEO made that kind of a comment and didn't stick to it in "the real world" he'd lose his job. Yet this guy still has his job.
The CEO did not say that, which is easy enough to check and I suggest you try that in the future.
Turek said on May 18 that the audited financials would be finished in four weeks. Anybody with sense knows it takes longer than one day to get off the pinks onto OTCBB.
The four-week goal for finishing the audit was indeed missed, and now the company says it will finish by the end of next month.
Anybody that has ANY business sense wouldnt want to aquire a company like Semco who is PRIVATE, after announcing an audit would be complete then realize that OOOPS we didnt really look at the company we bought very close and we screwed up so therefore the pps tanks and doesnt come back(hence the delay)...not to mention the company you are aquiring has a product UNLIKE any in the world! Rather than do something Stupid like that they push the audit completion back a few weeks to cover thier quote "ass*s" and everybody panics and calls them criminals!!! As a public company you CANT put out a pr that states that the company that you are aquiring "has been profitable for years" and "we have sustained profitability for second quarter" then come out and say the audits done and we lost money. Does it happen:::sure it does everyday but look at the age of the 99% of those companys..they are startups or less time in business then most high school graduates have at McDonald's and NOTHING to back them!
You are talking about a 15+ year old company with the founder and family STILL at the controls who by the way own over 70% of the shares and can and probably will retire them or buy back if ness. They have 50 state approval, feds,canada and would not give in to the sharks at the state levels to pay them for thier approvals they recieved. That is not my idea of a unethical illegal company, for those who have not owned or ran a business thats called Growing pains and is part of the ball game. If it was as easy as here it is,here we go, yes we did it, look at us now, everybody would be doing it right!!!
Moral of the story is either hold and shut up, go along for the ride, go put your money in a startup with no history and HOPE it goes back to .04-.05 cause it rocketed(HISC) and had to fall, or slowly ride this one to the top, be happy and go buy a hamburger and a beer!!! Chit but me one while your at it! lol
NICE POST CLBGROOVE....I will have a burger and beer to that....
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quote:Originally posted by netinvestor: I didnt realize that they had been talking about the audit since last year, and the guy they had doing it this year went on "vacation" without telling anyone, sounds a bit fishy to me
What did I miss here? How long have they been talking about an audit?
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LEXINGTON, Ky., Nov 11, 2004 /PRNewswire-FirstCall via COMTEX/ -- Plasticon International, Inc. (Pink Sheets: PLNI) announced today that it is nearing completion of the audit of its financial statements.
Mr. James Turek, president of Plasticon International, Inc. stated, "We are extremely excited with the progress of the audit of our financial statements. Upon completion of the audit the company will be in a position to make application for listing on the OTC Bulletin Board."
Mr. Turek further stated, "The company has been an SEC reporting company a number of years and is pleased that the completion of the audit will allow for the company's SEC filings to be brought current which will provide the investment community with a complete and accurate picture of the company's progress."
notice the date, they were nearing completion in Nov 2004, lets see now its the end on July they are shooting for, 8 or 9 months later
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How did we Miss this folks? Enough of the BP steiner's let's find this kind of DD. BLUELINX TO SHOWCASE VALUE-ADDED APPROACH TO BUILDING PRODUCTS DISTRIBUTION AT PCBC 2005! These Builders Shows are HUGE. All the buyers from the various major Building supply companies (Lowes & HomeDepot) as well as large building companies attend these trade shows throughout the year. Hopefully Plasticons products were on hand. Take note that Blue Linx had 20 reps there at the show, Very Proactive.
GTLA
BLUELINX TO SHOWCASE VALUE-ADDED APPROACH TO BUILDING PRODUCTS DISTRIBUTION AT PCBC 2005 Company booth also to feature custom Chopper built by world-famous Orange County Choppers* ATLANTA (June 1, 2005)—BlueLinx Corporation, America’s largest building products distributor, is offering a unique experience to attendees of PCBC, June 1-3, 2005, in San Francisco, California. In addition to featuring its innovative product and service solutions—including its Builder Connection® program—in Booth #7305, the company will also display its newest set of wheels, the BlueLinx Chopper.
Drawing from more than 60 years of experience in the building products distribution business, the employees of BlueLinx have developed the skills necessary for the company to become a leading provider of products, services and logistics solutions in the industry. More than 20 BlueLinx representatives will attend PCBC 2005 to discuss the company’s resources and capabilities.
SOLUTIONS FOR BUILDERS NATIONWIDE In a unique effort to build strategic alliances between builders and building materials suppliers, BlueLinx established Builder Connection® to benefit both small and large builders and suppliers nationwide. Through the Builder Connection® program, BlueLinx facilitates agreements between its dealer and builder partners to buy BlueLinx-distributed products. By examining the specific needs of each builder, BlueLinx customizes each program to help builders drive cost out of their operations. As part of its commitment to Builder Connection®, BlueLinx has dedicated full-time resources, including regional and national Builder Connection® managers, to generate individualized plans for every builder that enlists in the program.
“The aim of Builder Connection®,” said Bill Schnitzer, national sales manager for BlueLinx and director of the Builder Connection® program, “is to help builders more effectively manage their organizations by offering them unique business solutions. Based on the individual needs of each builder, Builder Connection® can harness powerful resources to help them build more homes, increase margins, reduce cycle time and improve quality.”
PRODUCTS TO FIT CUSTOMERS’ NEEDS BlueLinx’ vendor base includes more than 750 suppliers of structural and specialty building products. The company distributes more than 10,000 different products to nearly 12,000 customers in diverse end-use markets such as new home construction, repair & remodeling, industrial production, manufactured housing and non-residential construction. Some of the types of products that will be featured at PCBC 2005 include: decking & railing, engineered lumber, insulation, metal products, moulding & millwork, roofing products, as well as siding, trim and accessories.
SPECIAL APPEARANCE BY THE BLUELINX CHOPPER In October 2004, BlueLinx challenged Orange County Choppers (OCC) to build a custom chopper that reflects the company’s core qualities of innovation, attention to detail and speed to market. Now touring the country as part of a customer-focused 15-month tour called the BlueLinx Open Road X-perience, the BlueLinx Chopper brings excitement to every location it visits. The custom-built design includes building products distributed by BlueLinx: rebar at the rear of the frame and a strip of polished maple along the top of the gas tank. The BlueLinx Chopper will be on display at the BlueLinx booth every day during PCBC 2005.
For more information about Builder Connection® or how BlueLinx can help you grow your business, stop by Booth #7305 at PCBC or contact a sales representative at 1-800-830-7370 (Western Sales Region) or 1-800-839-2588 (Eastern Sales Region). To learn more about where the BlueLinx Chopper is headed next, visit www.OpenRoadXperience.com.
About BlueLinx Corporation Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., (NYSE: BXC) operating through its wholly owned subsidiary BlueLinx Corporation, is the largest building products distributor in the United States. Employing more than 3,300 people in North America, BlueLinx offers 10,000 products from over 750 suppliers to service more than 11,700 customers nationwide, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers. The Company operates its distribution business from sales centers in Atlanta and Denver, and its network of more than 60 warehouses. Additional information about BlueLinx can be found online at www.BlueLinxCo.com.
-------------------- It will run when you least expect it. :)
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Good morning... This may open up a little today but don't be surprised if it trades sideways and down some. American Bulls is a "Sell If" but the indicators are weak. Let's see how the MM's line up on the L2's at open..
FOT told folks the other day that it would trade sideways until significant news or the audit. I think his evaluation is on target. Holding long with some Swing Trading opportunities......Good luck to all...
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Didn't hapen yet today Bear, but I'm still waiting.... keep an eye on NITE.. he's a key maker. GLTA
quote:Originally posted by Bearclaw: Buy Penny...
This may drop tomorrow then tighten up and run...It likes going to around .01-.011...and then a fast run up ... If no press release it may do it again. When it goes south it goes pretty fast...Watch if they line up a wall at .01...At close the MM's rearranged on the bid and are at...
Let's see the line up at 9:25. I may sell and get back in also...You made a good point...Sell high and buy low...good thought....Thanks
quote:Originally posted by BuyPennywise: I sold off a large chunk of my shares as well... I think we will be hanging around this PPS for a while, until the audit comes out. In the meantime, this is a good opportunity to put that money to work. Besides, we've seen a 50% drop a couple times over the past 6 weeks... sell high, buy low
posted
that could very well happen mbmaid.... one of the risks associated with trading. Run's can happen unexpectedly, but most happen on news. The next big thing for PLNI appears to be the audit, which may be another month away.
If you believe there will be a dip before then, but don't want to completely miss the boat, you may want to dump a smaller portion and keep some in case of an unexpected run- it's a gamble, but after missing the chance on the last two 50% dips despite constant PR's, I'm taking a shot while we painfully wait for the audit.
quote:Originally posted by mbmaid: The moment I sell, it'll go to .02 and beyond. I'm holding.
posted
forgot to mention.. I ended up keeping 1/3 of my shares in case it does take off (Covered my investment and riding for free now). I won't be able to retire if it takes off, but I'll be able to buy mamma some new shoes! GLTA
quote:Originally posted by BuyPennywise: that could very well happen mbmaid.... one of the risks associated with trading. Run's can happen unexpectedly, but most happen on news. The next big thing for PLNI appears to be the audit, which may be another month away.
If you believe there will be a dip before then, but don't want to completely miss the boat, you may want to dump a smaller portion and keep some in case of an unexpected run- it's a gamble, but after missing the chance on the last two 50% dips despite constant PR's, I'm taking a shot while we painfully wait for the audit.
quote:Originally posted by mbmaid: The moment I sell, it'll go to .02 and beyond. I'm holding.
posted
Schb has been on the bid and nite on the ask...they are handing the pps off to each other as they walk it down...covering each others backs...the other mm's look as if they are in play but fall out pretty quick...You've been on top of this Buypenny...thanks for your input
quote:Originally posted by BuyPennywise: keep and eye on NITE is moving down and covering!
quote:Originally posted by Chopper: Hmmmmmm, They are taking it down a bit Pennywise.
there were some quick play shifts there... not that it WILL happen today, but it's a familiar pattern with both of the large dips in the past month.
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Spoke to Bill Howe yesterday for about 15 mins and we talked about all the MM's and I asked him if NITE had an endless supply and that we needed to put a bunch of money together and buy him out and get him out of the way and he said "dont you worry we are working on a plan to make a few of them eat a whole buch of shares, they are going to get a big surprise soon"..
The question is how do they do this to them??? Is it as simple as doing a share count/audit and anybody that claims they have more than that eat them??
How bout some insight on this as it kept me up all night and would LOVE to see NITE fall of the damn train and get run over!!!!!
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quote:Originally posted by Bearclaw: Schb has been on the bid and nite on the ask...they are handing the pps off to each other as they walk it down...covering each others backs...the other mm's look as if they are in play but fall out pretty quick...You've been on top of this Buypenny...thanks for your input
quote:Originally posted by BuyPennywise: keep and eye on NITE is moving down and covering!
well, the L2's are stacking up between .01 - .013, with little support between .013 - .014. We could see the dip today.... watch closely between 11 am - 1 pm EST. GLTA
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quote:Originally posted by clbgroove: Spoke to Bill Howe yesterday for about 15 mins and we talked about all the MM's and I asked him if NITE had an endless supply and that we needed to put a bunch of money together and buy him out and get him out of the way and he said "dont you worry we are working on a plan to make a few of them eat a whole buch of shares, they are going to get a big surprise soon"..
The question is how do they do this to them??? Is it as simple as doing a share count/audit and anybody that claims they have more than that eat them??
How bout some insight on this as it kept me up all night and would LOVE to see NITE fall of the damn train and get run over!!!!!
Interesting post CLB... I would love to see that as well, I'm just not sure if that's possible. SFTD's (Strategic failure to deliver) is an issue that many believe gets a 'blind eye' by the DTCC. After educating myself on the issue, it left me feeling in a state of despair, as it appears the issue has grown to become a such a large problem, it is beyond repair. Currently there are companies moving the issue through the US court system but there is still a long way before any sort of resolution is in place for 'dirty' MM's. The REG SHO list was the initial step the SEC took to "cleanup" the problem, but even that is missing a whole host of of companies known to be naked shorted.
Anyways, I am in consensu with your hopes, but just wanted to point out this is a issue that cannot quickly be swept away, IMO.
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quote:Originally posted by clbgroove: Spoke to Bill Howe yesterday for about 15 mins and we talked about all the MM's and I asked him if NITE had an endless supply and that we needed to put a bunch of money together and buy him out and get him out of the way and he said "dont you worry we are working on a plan to make a few of them eat a whole buch of shares, they are going to get a big surprise soon"..
The question is how do they do this to them??? Is it as simple as doing a share count/audit and anybody that claims they have more than that eat them??
How bout some insight on this as it kept me up all night and would LOVE to see NITE fall of the damn train and get run over!!!!!
Nice post. That's good to know mainly as an indication that PLNI is keeping its eye on the share price. However, and I'm no expert, the only things I can think of that would fundamentally prevent MM walkdowns, aside from the audit, are new contracts and a substantial retirement of insider shares.
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well i am ready to buy on any good size dip. and i can feel it coming. thanks you guys for posting you great insight on this matter i think we are 60 days away from a great return on this one a buy on a dip is like putting money in a savings account with an unheard of short return glta
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Just an FYI on sales and contracts because I was a little nervous on one issue. The Bluelinx contract is an Exclusive contract for the US only, however, it is ONLY an exclusive for the distributor end of the business, not the direct sales end:: ie; they CAN still sell to anybody (contractors,states,muni's,etc.) just not to other distributors in US. International business is still open. I think this will PROBABLY apply to Semco product as well but couldnt get a direct answer cause I dont think that has been worked out yet.
Just thought I would address that as well. Good things coming just a waiting game at this point.
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