posted
This is a great stock to swing guys...Sold at .0191 and back in this morning with a lot more shares at .0161...This is my 4th significant swing. Good practice for when news comes and it really moves. Don't worry about PR's and audits...just play this puppy and have fun till they release all we're waiting for. This stock is going to move all the way to the bank. The more shares the better before the HUGE move. Remember the re-bar testing is almost done. Imagine the change in construction plastic/recycled rebar will bring in the future and what that will do for thew PPS...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by xray44b9: Seems possible we could breech .0159 as this seems to be held by a somewhat fearful bunch overall. However if these guys do come through with at least something to dispel the mystery (even if it's not the audit, which although possible, seems increasingly like there's another delay), it'll have a positive effect on the PPS IMO.
The one type of PR other than an audit completion that could help would be a sizeable contract (not the couple of hundred thousand we got earlier this summer). But that doesn't sound like the "soft" PR supposedly referred to by PLNI's Howe. Soft is, we achieved another great manufacturing process, or maybe we are in talks for another distribution channel etc.... I am pretty confident a PR like that will not help, and I have a suspicion it could actually hurt, since it would be more in the mode of your typical pinky PR. PLNI isn't your typical pinky company, but until an audit is released, most of the world will have little reason to think otherwise.
I am no expert, this is just IMHO.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
The numbers on thier business plan are so LOW it almost made me laugh!
It makes me wonder how far these guys are going when they have to line up 8 companies to supply them with resins and remember they cut the material costs by 20% and I dont believe that is reflected in the Bus plan, Semco numbers are not in the plan as well!
Posts: 952 | From: OH | Registered: Apr 2005
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LEXINGTON, Ky., Jul 27, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the soaring price of steel will have a major impact on Plasticon International.
The rising trend in the price of steel over the last year and a half has had a significant impact on the construction sector and has been a hot topic in the industry. According to an article in the Miami Herald by Gregg Fields, "Steel is increasingly becoming a precious metal in the American economy. Thanks to a ravenous appetite for steel in fast-developing China, a rebounding U.S. economy, and a weak dollar, steel prices are rocketing upward and supplies are short."
An article in Inc. magazine noted that in 2004 the construction boom in developing Asian countries helped to drive up steel prices 46 percent. And The Florida Times-Union, in an article by Timothy Gibbons, reported that "last year, according to American Metal Markets, an industry trade publication, China imported more than $1 billion worth of American scrap, a world record. The country used more than 36 percent of rolled steel and half of the cement in the world, according to the People's Daily."
"We certainly believe that the rising price of steel is one of several major industry trends that is helping Plasticon achieve success with our plastic rebar support product line," Mr. Turek said. "Our domestic distributor, the largest building materials distribution company in the United States, has noted that demand has been increasing steadily. We believe that the dramatic rise in the price of steel over the last year and a half has made construction companies look harder at other options, rather than relying solely on steel products. And when they see what Plasticon has to offer, they realize that our innovative products are not only more cost-effective, our cutting-edge engineering also gives the end user a much better product, which is stronger, much easier to install, more versatile, and offers the most advanced design and engineering product line in rebar supports ever to be offered in the marketplace. Our products completely prevent spalling (corrosion damage) and prolongs the life of the structure. Together, these factors make our product offering a compelling proposition. So yes, I would say that the rising price of steel has been a boon to Plasticon International, because it really forces construction companies to do a more detailed assessment of the alternatives and then the demand has naturally increased for our products."
Mr. Turek cited Plasticon's relationship with R&S Manufacturing as a recent example of the direct impact that the soaring price of steel is having on Plasticon International and the industry. "R&S Manufacturing is one of the oldest and most respected names in steel post-tensioning cable, and they recently contracted with Plasticon to supply our plastic rebar supports to all of their post-tension cable customers," Mr. Turek said. "R&S recently increased their order by 50 percent, and in fact, they are exclusively supplying plastic rebar supports to their customers, rather than steel rebar supports. The soaring price of steel certainly has something to do with this, in addition to the quality of the engineering with our plastic rebar support product line. This will have a major impact in our industry in terms of the acceptance of recycled plastic rebar supports as the industry standard."
The rising price of steel has wreaked havoc with budgets in the construction sector. "The price of steel has led to a lot of uncertainty among construction contractors and has made it difficult for them to provide reliable pricing," Mr. Turek said. "We are fortunate because our raw materials are so abundant, therefore we can reliably provide our products at a much more cost-effective price point than steel. Again, we see the soaring price of steel as one of the major industry trends that is driving business to Plasticon International as we move forward."
Based on world demand and the dramatic increase in construction in emerging markets, the price of steel is unlikely to retrace, but rather all indications are that it will continue to rise. This trend is very likely to continue and has very positive repercussions for Plasticon International's core business -- their recycled plastic resin rebar support product line.
For more information, please visit Plasticon International online at www.plasticonintl.com.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
[QUOTE]Originally posted by George: Here is the soft news as promised:
LEXINGTON, Ky., Jul 27, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the soaring price of steel....
Yeah, that's soft alright.
Great company, pathetic PR strategy.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
In the meantime, the stock is upticking. This is not a bad bit of news at all. Look at it from another angle: if the price of steel plummeted, it would be nearly disastrous for PLNI.
We might be pleasantly surprised at how the market reacts to this news.
Posts: 871 | From: New York, NY | Registered: May 2005
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posted
This news is great as far as advertising and getting the word out. We look at it diffrently because we already know about PLNI, others do not. It will serve it purpose. You can expect major news everyday but you have to keep advertising. Wait till next week, I have a good feeling.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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what in the chart indicates downtrend to you? I see a stock in a fairly well-defined uptrend. You have the 10 DMA riding above the 20, riding above the 50. This unambiguously indicates strong short to middle term agreement in the uptrend. In fact, the 20 just recently poked its head up through the 50. What other indicators do you see that show downtrend?
Posts: 37 | Registered: Jan 2005
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posted
Bottom Line we need the Audit! You have Toe Jam and Earl dancing around this subject.
Posts: 429 | From: New York | Registered: Jan 2005
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quote:Originally posted by George on July 26, 2005 12:44 PM : I just talked to Bill:
... There is a what he called a "soft" PR due out tomorrow. Mainly about industry stuff. Then he said there will be a major news release next Tuesday that I may want to be on the lookout for. ...
I guess that offers quite a bit of hope. I'm going to load up as much as I can afford before Tuesday.
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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quote:Originally posted by mbmaid: In the meantime, the stock is upticking. This is not a bad bit of news at all. Look at it from another angle: if the price of steel plummeted, it would be nearly disastrous for PLNI.
We might be pleasantly surprised at how the market reacts to this news.
I would love to be proven wrong. Right now the uptick is pretty sketchy--it's based on verrrry few trades, with lots of time passing between trades.
Granted, that's psychologically better than a slow and sparse downtrend.
It could be that the PR has the effect of indicating the company is still there and not hiding someplace (I know that, but the rest of the world...) But a statement about favorable market conditions... eh. And that comment buried in there about a company "increasing its order by 50%..." is true but much less impressive than it seems. It was a tiny order, compared not only to PLNIs potential but also more materially on the number of outstanding/floating shares. So a 50% increase of a tiny order is... tiny.
Love the company, but this is all a sideshow. The question is what happens when/if they miss the end of July audit they stated. That really could produce a ....buying opportunity.
Not an expert, just IMHO.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
[QUOTE]Originally posted by Dagger Depot: [QUOTE]Originally posted by George on July 26, 2005 12:44 PM : [qb] I just talked to Bill:
... There is a what he called a "soft" PR due out tomorrow. Mainly about industry stuff. Then he said there will be a major news release next Tuesday that I may want to be on the lookout for. ...
Hmmm, guess I missed the latter half of all that during my bloviating. If he DID say there would be major release next Tuesday--putting aside where that lies on the SEC transparency grid--then that's good.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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The "tiny" order is for $1 million (which is 46% of thier projected earnings for '05' per thier business plan) that came in WAY after the projections were done.
Steel is only going up and I'll tell you why.....a very very rich man (#2 in the world) named Mittal is buying up steel plants and operations EVERYWHERE here and oversees and since he has started this last year he has slowed down the production and shipping to a crawl and IMO will here shortly control 70-80% of the worls steel and that my freinds is called supply and demand and when the demand is higher so are the prices! The comapny is called Mittal Steel who by the way just bought US Steel/ ISG Steel(biggest in midwest and maybe the US) late last year.
And the second thing: Barchrt has it at 100% buy across the board again so that will help us a little
And they inch it north!!
Posts: 952 | From: OH | Registered: Apr 2005
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posted
and who the hel is VFIN....i havent seen him on the ask yet??? Did i miss him somewhere in the journey
Posts: 952 | From: OH | Registered: Apr 2005
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The "tiny" order is for $1 million (which is 46% of thier projected earnings for '05' per thier business plan) that came in WAY after the projections were done.
I think you're wrong about that amount. I believe you are referring to this:
Which is about an initial order of "nearly a half million dollars" and a 50% hike over that, bringing the grand total to something like $750,000. Divided over 400 million supposed shares in the float, that's an added value of .0019 cents per share. Nice, but hardly the stuff of major share spikes. And divided over the 1.whatever billon-shares outstanding...you get the idea.
Don't get me wrong, if I didn't love PLNI I wouldn't be invested in it. But I don't think most would find the above very impressive--which is why PLNI states the last part of the order as a 50% increase rather than its absolute value, a $250,000 or so hike on top of a $500,000 order.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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The "tiny" order is for $1 million (which is 46% of thier projected earnings for '05' per thier business plan) that came in WAY after the projections were done.
I think you're wrong about that amount. I believe you are referring to this:
Which is about an initial order of "nearly a half million dollars" and a 50% hike over that, bringing the grand total to something like $750,000. Divided over 400 million supposed shares in the float, that's an added value of .0019 cents per share. Nice, but hardly the stuff of major share spikes. And divided over the 1.whatever billon-shares outstanding...you get the idea.
Don't get me wrong, if I didn't love PLNI I wouldn't be invested in it. But I don't think most would find the above very impressive--which is why PLNI states the last part of the order as a 50% increase rather than its absolute value, a $250,000 or so hike on top of a $500,000 order.
State....you are correct in the initial order and I jumped the gun on # and thought it was $1m. However R&S is using them for ALL the orders (per the pr today) and that will more than put us over the $1m.
I am not referrng to the order as anything important other than it is not figured into the business plan numbers at all and will boost the overall numbers. Keep in mind that R&S came to them as well and they didnt solicit them for business and they are the largest at what they do in the US. Thats not a bad start when they are calling US!!!!!
Posts: 952 | From: OH | Registered: Apr 2005
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posted
clb, completely agree that the R&S actions were not only positive news but also an indicator of good things to come.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I have a part of my position for sale @.0164 and so far NOTHING!!! (LOL) I keep hearing that song by Kenny Rogers "You gotta know when hold 'em, know when to fold 'em" (LOL)
Posts: 429 | From: New York | Registered: Jan 2005
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quote:Originally posted by jake_the_snake: I have a part of my position for sale @.0164 and so far NOTHING!!! (LOL) I keep hearing that song by Kenny Rogers "You gotta know when hold 'em, know when to fold 'em" (LOL)
Well, like I say, the activity is so low the buys and sell don't provide a heckuva lotta information. My Ameritrade streamer shows the last transaction was for .0164 at around 12:57, though I can't tell if it's a buy or sell (I imagine a sell. The ameritrade pink-sheet info is limited).
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by jake_the_snake: I have a part of my position for sale @.0164 and so far NOTHING!!! (LOL) I keep hearing that song by Kenny Rogers "You gotta know when hold 'em, know when to fold 'em" (LOL)
Fold em at .020 next week if your gonna fold!!!
Or u could sell them to clod at .016 next week and he might buy them since hes still holding his GTC order on the hopes that the audit will matter.
Posts: 952 | From: OH | Registered: Apr 2005
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posted
oh cold if you remember the other promis it might be easier to keep if you did not get a fill at.0088 you would stick your head in a dirty toilet bowle
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
GEEEEEEEE....thats not manipulation....someone dumps 25k blocks of 1m and then they raise the ask!!!!!! OOOOOOOHHHH the big bad MM's scared me and now im dumping!!! Please you dumb bast**ds
Posts: 952 | From: OH | Registered: Apr 2005
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posted
It went through finally. I bought 166,687 shares at .0163 price. Now hope it returns back up.
How many days can it usually take for unsettled funds to be withdrawn from a scottrade acct? (just curious)
Posts: 326 | From: Orlando, FL | Registered: May 2005
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posted
ameritrade is 3 days to withdraw, 0 days to trade. not sure about scottrade...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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