posted
The Downside. The RSI is 70+. We could be looking at a few down days to come. Be ready to sell and buy back in about 3-4 days at around .05 IMHO.
I'd hate for anyone in our Allstocks family to lose money when they don't have too
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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check out todays low at .0082 ...haha !!! looks like some poor schmuck sold with the decimal point in the wrong place....expensive Typo !!
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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quote:Originally posted by Dannzon: check out todays low at .0082 ...haha !!! looks like some poor schmuck sold with the decimal point in the wrong place....expensive Typo !!
just corrected itself....must have been an Ameritrade error
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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If you like this technology why not but the supplier that supports all the tire sensor cos.? I know it a new thread, but related. See stocks over 0.10, for RFMI
-------------------- Veni Vidi Vici Posts: 529 | From: CA | Registered: Jan 2005
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I agree that this is a good hold for the long run. I do see this dropping in the next few days though. I sold all my 200k shares and am looking to get back in around Friday to Monday with more shares. This is a chart play on my part. The chart I have provided below.
posted
The RSI is pretty high, but the MACD is looking good....I am holding a bit longer looking for an out over .09 where I expect it will begin a short retreat/consolidation
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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You see, I am not a big believer in RSI for a stock that is trading on news....RSI is very indicative for momentum pennies etc, but when a stock has actual good news driving it, the RSI can be misleading ...IMO
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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I hate it when I let others scare me away form my instincts....need to STOP allowing that....
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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I'm just glad that I bought back in today. It's getting pretty predictable. It may rest for another day or two now. I'm looking to buy more around .09-.095.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Maybe the collaboration is paying, but still no PR.
March 15, 2005
Detroit Chassis and Redmer Industries Create New Company to Distribute Smartire Products RICHMOND, BRITISH COLUMBIA, CANADA – March 15, 2005 – SmarTire Systems Inc. (OTCBB: SMTR) announced today that it has signed an agreement with Travel Technology Innovations, LLC (TTI) to distribute SmarTire’s active tire monitoring systems. TTI is a newly formed joint venture between Detroit Chassis LLC and Redmer Industries that was created solely to market and sell SmarTire products. It is headquartered in Detroit, Michigan. Both companies bring an extensive and successful track record of supplying original equipment and aftermarket parts and services to the automotive, RV and transportation industries.
The agreement includes the distribution, sales, and marketing of SmarTire’s products for the automotive, bus, recreational, and commercial vehicle industries. TTI plans to rapidly introduce SmarTire products to both their original equipment and aftermarket target customers.
“We are very excited to take this important step with SmarTire,” says Carlton Guthrie, CEO. “SmarTire’s active tire monitoring technology is the most advanced and proven in the market and will make a significant improvement to both the safety and performance of vehicles across the entire automotive, RV and transportation industries.”
“Securing the combined experience, resources and track record of Detroit Chassis and Redmer Industries in this new venture provides channels to market for many of SmarTire’s products,” says Al Kozak, Chief Operating Officer at SmarTire. “Their combined customer base and excellent reputation will greatly assist in introducing SmarTire’s products in a number of important markets. TTI plans to deploy substantial resources to this new venture and we are looking forward to a long and prosperous relationship with them.”
About Redmer Industries Redmer Industries is a privately held company based in Charlotte, Michigan with an extensive background in electronic parts sales and supply chain management to original equipment manufacturers (OEM) and the aftermarket. In addition, Redmer actively supplies wheel and tire components to the heavy truck, recreational and specialty vehicle markets.
About Detroit Chassis L.L.C. Detroit Chassis, a subsidiary of Spectra LLC, is a privately held company based in Detroit, Michigan. Detroit Chassis assembles complete rolling chassis for complex vehicles, including Class A motor homes, buses, and electric and conventionally powered vehicles. It also assembles major subassemblies such as engines, axles and suspension modules. The company employs approximately 250 workers at its modern 218,000 square-foot facility.
Spectra, Detroit Chassis’ parent company, also owns Magnys LLC, a provider of process and manufacturing engineering services, Forward Vision LLC, a provider of computer simulation and modeling services, and TruPac Logistics, a provider of manufacturing support services such as inventory management, repacking and kitting. All are located in Livonia, Michigan.
-------------------- Veni Vidi Vici Posts: 529 | From: CA | Registered: Jan 2005
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OH, they are not posted on Ameritrade news...that's usually where I check for press releases....
Posts: 3727 | Registered: Jul 2004
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Anyways, I took my profits on Friday. I'll probably look to buy back in on Monday. This might not stop running for a bit. Just imagine if a deal came through with Ford, GMC, etc....
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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I've got this in my individual account and my joint account with my girlfriend. In the joint, I'm averaged in at .034. I'm gonna get back my original investment today and then keep the "free" shares. I'm guessing within a couple years it'll get up to around $2. Maybe a buyout by 3M or something. The existing contracts they've got (like the one with Hyundai) are really pretty promising. Only a matter of time before they secure the consumer market contract with them, and I agree that they'll get a deal with BMW as well.
I've been looking for a SMTR board since the Yahoo! one went down. Still dunno what happened with that. Anyway, I'm guessing it should be pretty stable around .23-.25 in the short term (3-6 months), barring any news events. Maybe a spike down here and there to shake longterm holders out - but I won't be shaken! Good luck all.
Posts: 14 | Registered: Apr 2005
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