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dagger, i'm just throwing some ideas it doesn't have to be true and i hope i'm wrong and the pr comes tommorow then u can take the only start i have away and i can start from the all over again....
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yep just as i figured it will drop back down to .016's. glad i sold before the drop. i will come back in though so i can buy more shares once it drops a lil more.
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quote:Originally posted by RahzM1ght: yep just as i figured it will drop back down to .016's. glad i sold before the drop. i will come back in though so i can buy more shares once it drops a lil more.
It's suppose to drop...This was a good two day run. If some folks are swing trading then I hope you make bank. Good luck with that...
This ran well on rumor and soft PR's...There probably is a PR coming soon...My guess would be before Friday. This is probably going to be more significant than the last..If it is and it runs hard for two or three days then it WILL dip a good 40% plus from it's peak....the only thing that might prevent that happening is back to back significant PR's
If you look at the charts in mid July you will see we had a very similar run as the past two days. It popped at the end of the first day then ran the next morning to the peak of the run. Then it back filled and there was some profit taking with it finisheing the EOD up from the days low. On the third day it opened slightly up and then not long after the open it dropped significantly and then ran back to the close to the opening PPS in the afternoon.
If I swing trade it should be OK for me to say it...and...if I accumulate more shares or bank the difference then that means I'm learning how to trade...I'm learning how the market works...If your holding long you may want to take a look at this technique also...swing trading...I would also hope if I do well on a swing that I can come here and share that...I don't know what your plan is Rahz but keep an eye out for news...hope you don't chase it...Good luck...
quote:Originally posted by buckstalker: Guys like you are the reason it dropped...
quote:Originally posted by RahzM1ght: yep just as i figured it will drop back down to .016's. glad i sold before the drop. i will come back in though so i can buy more shares once it drops a lil more.
posted
YEA. I'm going to wake up first thing and keep my eye on this stock and make sure I'm not chasing it. If it dips a little that would be great then I'll be able to buy more shares.
I wish good luck to all tomorrow and hope there are more PR's coming out this week that will be significant.
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If there is significant news the two I expect first are , in no particular order, a buyout completion or a share adjustment...I'm not expecting the audit results first...both of those would push this past .02 Depending on the meat of the PR a solid run may take it close to or past .03.
Rahz...I'm not sure what you sold at to swing this but if it is either of those two then it will be a chase and anyone who understands PLNI will get in quick...have your finger on the buy key...it won't see the .015's and .016's again...there is just too much happening that is ready to be completed...By the end of September these levels could be a memory. Go with the flow buddy...If it does dip tomorrow it may be the last swing at these levels...PLNI's time is here...
quote:Originally posted by RahzM1ght: YEA. I'm going to wake up first thing and keep my eye on this stock and make sure I'm not chasing it. If it dips a little that would be great then I'll be able to buy more shares.
I wish good luck to all tomorrow and hope there are more PR's coming out this week that will be significant.
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I hope the news is big enough to finally move us past .02. If we can bust that wall then hopefully we can hold a new base at .02 to .025. I've had all the .01's I want and I'm sure I speak for many. Fingers crossed for 8:30 AM.
-------------------- It's only money..We'll make more tomorrow!
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LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value.
"We believe that the retirement of shares will add tremendous value for our shareholders," said Jim Turek, President and CEO of Plasticon International. "This is the first step in a share restructuring process. The restructuring will be reflected in a share price that is more truly representative of the actual value of Plasticon's shares. We firmly believe that this is in the best interests of both our shareholders and the company."
Mr. Turek added that Plasticon International is committed to a program designed to enhance shareholder value through a comprehensive strategy, starting with this initial retirement. As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares.
The retirement of 200 million shares is in addition to positive earnings. Plasticon recently announced that it is profitable as of the second quarter in 2005. "We believe that the retirement of shares will be significant as the first step in a process that should result in a better reflection of the value of Plasticon's shares," Mr. Turek concluded.
For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.com.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
Plasticon International, Inc. Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Plasticon International, Inc. Investor Relations: Matt Maguire (866) 843-2775
-------------------- "Every action has a reaction"
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Oh what a wonderful little present under the August Christmas tree! 10% of the A/S / O/S not bad, plus the promise of more to come. This was my guess as to what would happen first -- best to buy them back if you can while they are as cheap as they can be. Buyback means this company is both serious about its future and has enough money to do it.
Finally, some good news! You go Matt boy -- just keep 'em on their target and we'll be seeing HISC at .12 in no time.
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Rahz, our thread's worry-wart: Dude, I hope you make it back in. After all the Xanax I have sent you these last few weeks, you deserve a little peace.
Cold: Brother, where art tou?
Feces: --- ... aw, never mind.....
^---- that in no way reflects the REAL s$|T-eating grin on my face this morning!
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Sorry, earlier I said 10% of AS -- it should be 10% of OS and 8% of A/S -- and this is a retirement instead of a buyback -- buybacks are promised in the future. Man, I should read things twice. Still stoked though...
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My guess is that we will get one more good PR yet in August, then the REALLY good news will start coming in September after the doldrums are over. They will probably time the news with more advertising like they did this time - smart crafty little buggers. I am starting to wish that all the pinks I hold would hire BAC
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quote:Originally posted by RagsToRiches: The Company will be featured on Investor's Business Daily web site for 30 days starting Monday, August 22, 2005:
30 days? WOW
Thats advertising baby...get the name out there...
-------------------- If all goes well then great, if not, make it work.
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That is SOOOO what we need! Little plastic bobbleheads of a big fat bald dude opening his shirt to reveal the "P"LASTICMAN logo! Building bridges one used soda bottle at a time or something like that.
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quote:Originally posted by mrgr8avill: Later, NITE -- we will buy everyone in your office a little Plasticon bobblehead (with middle finger extended) when we hit .1
Now that is funny....
-------------------- If all goes well then great, if not, make it work.
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