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Author Topic: TPWR...coming off 52 week low?
Time2drum
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Hehehe, bought more today at .0035 Looking forward to the January PR $$$ Climb aboard!!! [Smile]
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10of13
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LMAO!

quote:
Originally posted by stocktrader22:
Beechwood...I dont think you will see this dip under .003

And thanks for never responding to any of my PM's.

Very rude.



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BooDog
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quote:
Originally posted by will:
DISCOURAGED ? DISAPPOINTED ? FRUSTRATED ? SCARED ? THOUGHT ABOUT SELLING ?

That is exactly what "they" want you yo do !

Was anyone around when they punished IGAI this Summer and beat it down to .0034, and wore on every trader's last nerve, and then the very next day sent it to an anual high of .059 ? Was anyone around when they punished what used to be AXGI early this year, and took it down to .001, before running it to .095 ?

If you were, then you know too well it can and does happen. If you weren't, then this could hopefully be your first experience of witnessing something that will make you smile, and just shake your head in amazement.

You can feel all those negative emotions, and have those negative thoughts, or you can choose to BELIEVE. I liked this at .007, and loved it at .006, thought, wow! they're really winding it up at .005. At .004 I was sure they'd let it go, in the .003's it does seem discouraging. It is hard to have faith, but I have learned from selling early and not BELIEVING that the more aggressive the take down, the longer the wait, the bigger the reward. If they decide to take it down more, you can bet your hat, ass, and gloves, I will add to my position.

There is nothing, absolutely no reason why this should not have went up from .005, not alone go down another 30%. I will take the shares I own to hell with me before I sell for a loss or a modest profit. I have waited too long for that.

this same theory shook me out of a chunk of my shares in another play. and then after i gave up my shares it ran up over 50%. Different #'s different symbols but there is a lesson in your post Will. Cheers M8.

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will
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I do not advocate taking every play to hell with you. There is a time and circumstances when it is prudent to be a man, take your losses, admit poor judgement, and move on. It is only my opinion that TPWR is still very much "in play".

My post was not intended to encourage or discourage anyone, it only related past situation I have observed. If the company, stock, and techinicals look like dilution, a possibilty of delisting or any other castostrophic or obvious negative, I would have packed it in and sold. I believe that is not the case with TPWR. Although I am not very knowledgable regarding TA I see enough people who are skillful at analyzing charts saying that the stock's behavior is contrary to the technicals. When that ocurrs it leads me to believe that the price is artificial and is being manipulated for a reason. True, the company, (as I mentioned in my intitial post about TPWR being ready), is carrying a larger than desirable O/S, (750M+), I still think it is ripe.

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A billion seconds is 31 years.

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cactus33
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heres my 2 cents.. what right 42day said is coming thru on the charts, you can see from last weeks action, huge positive divergence. and friday even reinforced the indicator again. Now look at the weekly gallery chart and we are finally seeing that MACD cross on rising RSI and.. Look at the past on the weekly when charts were half as wound as this on a MACD cross.

http://stockcharts.com/charts/gallery.html?tpwr

http://stockcharts.com/h-sc/ui?s=TPWR&p=D&b=3&g=0&id=p63119249824

Dec, may, March, oct 2005, aug 2005, may 2005.. It broke this trend in a big way when simmonds resigned and sold off his interest to get out and cancel debt, I am guessing he was the one selling before the end of year.

now we have current ceo who has been quiet since, I would be nervous if i didnt see all the pr's in the past with current ceo's name on it and a shareholder letter from him last year saying he wants TPWR to be a mid cam OTCBB stock.. that I like. It seems this company has a lot going for them , chances are we have an oppty to buy low on a stock that could run really high. I guess CEO could call it quits and roll up shop, but that doesnt really make a lot of sense considering he stated in the past he's here to stay. and the oppty in gaming they have. Anyway, Ive never seen MM's take a hit on anything, they run it to get their money out before any bad news. Never know, its all a roll of the dice, but If you have been accumulating slow and low, you are in pretty good shape even with current pps

good luck..

jmho


quote:
Originally posted by right42day:
TPWR has all wondering when and only time will tell but here is something to look at click on link below and look under bullish signals, look at the Alcoa chart they have...their pps is going down, Now look at the ACCum/Dist line from Aug to Nov its rising and rising above the 20 day MA line

http://stockcharts.com/education/IndicatorAnalysis/indic_AccumDistLine.html

Now look at TPWR pps going down but the ACCU/Dist line continues up the same way rising above that 20 MA line, it is just a matter of when... patience is the key, so a wise one keeps telling me

http://stockcharts.com/h-sc/ui?s=TPWR&p=D&b=3&g=0&id=p63119249824

I'm in and being very patient it will pay off


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stocktrader22
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Just wait till they file their quarterly or annual not sure which one...I think its sometime due in mid January.....take a look at this

http://finance.yahoo.com/q/is?s=TPWR.OB

Now look at this revenue... oh yea [Smile]

Track's casino starts strongly
In its first three days, it draws 15,000 visitors and takes in almost $700,000.
Tuesday, October 31, 2006
By Glenn Coin
Staff writer
The new casino at Vernon Downs brought in nearly $700,000 in its first three days of operation, track officials said. It posted the highest revenues per machine on opening day of any of the eight racetrack casinos in New York, according to track officials and the state lottery.

About 15,000 people came through the doors during opening weekend, said general manager Eric Persson.

"Our attendance exceeded expectations," he said. "We were busy, and everybody seemed to enjoy the machines." Town Supervisor Myron Thurston said the traffic reminded him of the Oneida County harness track's heyday several decades ago.

"All I know is that Friday evening my wife and I rode by there, and I'm telling you, the parking lot was stuffed and there was a steady stream of cars going in and a steady stream coming out," Thurston said. "Route 31 looked like it did back in the '60s when Vernon Downs was booming."

When the casino opened at 10 a.m. Thursday after several years of delays, about 1,000 people stood in line to play the 777 video gambling machines.

According to the lottery, Vernon Downs brought in $696,227 in revenues from Thursday through Saturday. Sunday's figures were not available; the lottery records revenues on a Sunday-through-Saturday week.

Vernon Downs averaged $381 in revenues per machine on opening day, Persson said, the highest in the state. That's more than the $341 per machine on opening day of Tioga Downs, which had been the highest in the state until Vernon Downs opened, Persson said.

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right42day
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DISCOURAGED ? DISAPPOINTED ? FRUSTRATED ? SCARED ? THOUGHT ABOUT SELLING ?

Will, YES, YES, YES, YES an NO! Well maybe, but I look at the Chart and the A/D line the stock has to catch up it has to. I am definately holding a stock alot longer than I like, but as you have said we all have seen this play out all so well before and sold right before a stock took off...Not this time!

And thanks Stocktrader22 for the positive notes October seems so long ago...

Stocktrader22 check out the UBDE chart and the A/D line.

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BooDog
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That's what I was saying right42. Good luck!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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stocktrader22
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Should be a real interesting month for this one!

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Time2drum
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Cha Ching [Big Grin]
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cactus33
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pull out the paint buckets again.. lol
weekly chart looks great still.

more games from mm's imo.

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stocktrader22
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They are playing this one like no other with the spread.

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cactus33
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may be the last chance to get cheap shares, Im thinking something happens sooner than later unless we are blindsided with bad news.

Im thinking .005 resistance is thin..

just speculating..

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stocktrader22
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Well we will get financials soon...

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cactus33
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Dont know, Im awful with filings, more of a chart player. any news would be good, but i think it will go regardless of news. there has been plenty of warnings from some really good traders here on this one, so no one cant say they werent warned, its all a roll of the dice, never know. Im holdin


jmho

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stocktrader22
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looks like MM's want some volume today

.004x.0045

at least spread is a little tighter.

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cactus33
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dont want to jinx, but their hasnt been hardly any selling the last two days, Maybe mr simmonds is done dumping, or whoever was selling the last month and a half.. regardless, nice to see support not getting demolished

Trader any idea when we see some financials, looking at past filings.. Im awful with predicting even when they will come. I called a couple more times just to get some info.. no luck. What bothers me is that they still have mr simmonds on the answering machine office extension #.. and he's resigned two months now, lol.. plus web site is totally out-dated, and old.. Like I said before.. they have a "we dont give a chit" disease right now. Looks like Mr simmonds actually cared about relating to investors, and My DD shows Carrie as a life long mr simmonds employee and corporate secretary for other companies he has. I hope she is gonna stick around with current ceo. And they didnt even have extension for new CFO. regardless, If they are going bust, worse case scenario lets say, mm's will run it to get their shares back, like they do before all these R/S.. they always win somehow. still patient, but always looking for answers.. lol

jmho

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stocktrader22
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I dont think they are going bust...read the article from october, actually the company they have a percentage of is doing very well.

I think all will be okay...just waiting it out.

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cactus33
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I dont either, I was just thinking worst case scenario. I always think worst case just scenario, just my nature.

and best case scenario.. they are making great money and teamed up to open another casino.. as long as dilution doesnt pay for it, lol..

All the pr's in past thanked investors over and over, Dilution paid for these facilities, thats why PPs tanked from over .07 a share.. Its right in the last filing. They have said to investors, from words of CEO.. "we want to make TPWR a mid cap OTCBB company". I really hope ceo remembers the investors that got them all this. Maybe they are waiting for some solid rev news, and then its on the way to mid cap gaming company.. that would be nice. still love that weekly chart and scarce selling

jmho

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cactus33
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4 is getting nailed.. i spoke to soon, lol

jmho

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stocktrader22
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i wouldnt really say nailed...

MM's will let this go one day [Smile]

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Miss Piggy Bank
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Does anyone know anything about the new CEO? Does he have a track record with OTCBB stocks? I apologize if this was discussed earlier in the thread.
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cactus33
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yea, looks like someone just wanting out. selling still scarce.. nice to see. I dont know much about the ceo, but seems like he is for real in this letter. That or blowing smoke up are arsss.

quote:
Originally posted by stocktrader22:
i wouldnt really say nailed...

MM's will let this go one day [Smile]

Letter to Shareholders

An important statement was recently issued announcing a partnership agreement between TrackPower, Inc, Southern Tier Acquisitions, LLC and Nevada Gold & Casinos, Inc. The parties will form a new limited liability company to pursue the racing and gaming interests at Tioga Downs and Vernon Downs. We believe the partnership will help maximize shareholder value and represents a significant and positive development for our company. This new limited liability company will be 50% owned by Nevada Gold, 25% owned by TrackPower and 25% owned by Southern Tier Acquisitions.

The new agreement supports the completion of development at Tioga Downs racetrack and VLT facility, and the proposed acquisition and re-development of the Vernon Downs racetrack and VLT facility. The total anticipated costs of these two projects has been estimated at $85 million. The Nevada Gold agreement allows TrackPower to establish itself in New York racino market without the significant dilution that would have otherwise occurred in financing the totality of these two projects on its own. Nevada Gold will acquire 50% equity interest in this new entity. In the event that the joint venture is unsuccessful in its bid to acquire Vernon Downs, it still retains joint ownership in Tioga Downs Racetrack.

Tioga Downs is presently owned by Tioga Downs Racetrack, LLC, which is 50% owned by Southern Tier Acquisitions, LLC and 50% owned by TrackPower, Inc. Vernon Downs is being pursued by Vernon Downs Acquisition, LLC, which is similarly jointly-owned by Southern Tier Acquisitions, LLC and TrackPower, Inc. All costs associated with these projects has been funded on a 50-50 basis between TrackPower, Inc. and Southern Tier Acquisitions, LLC.

The immediate and long-terms benefits the Nevada Gold partnership brings to TrackPower shareholders are many:

Nevada Gold will provide the remaining equity financing necessary to complete the development of both Tioga Downs and Vernon Downs, estimated to be $18.0 million. Moreover, Nevada Gold will provide a standby letter of credit of $5.0 million. This eliminates the need for substantial additional near-term investment by TrackPower in order for the facilities to become operational and enhances the risk profile of the current investment. Additionally, the partnership will use the considerable borrowing power of Nevada Gold to facilitate a debt-placement of approximately $65.0 million, thereby substantially lowering the anticipated interest expense to the partnership. The agreement also provides that we will quickly recapture the entire TrackPower investment in the form of a preference payment.

Nevada Gold is a publicly traded company (AMEX: UWN) that develops, owns and operates gaming facilities primarily through partnerships across the United States. Under the joint managerial direction of Nevada Gold and TrackPower, we are confident that the planned development and subsequent day-to-day operation of the new VLT gaming and racing facilities at Tioga and Vernon Downs will provide optimal returns.

Moving forward, the partnership agreement will provide TrackPower with additional management and financial resources to continue the pursuit of, or to explore opportunities with other racetrack and gaming entities in the New York region. Additionally, the joint venture could potentially open up other opportunities for growth, expansion or involvement in similar markets outside the state.

We believe that the Nevada Gold partnership will further assist in advancing our growth and be pivotal in the development and successful operation of the Tioga Downs and Vernon Downs facilities. We are confident the partnership and the resulting new growth opportunities will be positively reflected through increased shareholder value. As we realize this value through the achievement of current goals and the pursuit of greater opportunities, we will continue to pursue similar agreements or partnerships that will benefit TrackPower shareholders.

Edward M. Tracy
President and CEO
TrackPower, Inc.

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Miss Piggy Bank
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You never know with these guys. Thanks for the info!
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cactus33
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well, just looking around UWN.. nevada gold is down from 11 a share in febuary to now 3.00 a share. ouch.. plus bad news all the way around. failed deal, late filing. and there are eery similarities between both tpwr and UWN charts.. completely oversold and tanked together.
Plus you have simmonds guy resigned. This is either a disaster, or a time to buy both UWN and TPWR..when the fear of death is in investor for no reason.. lol

http://stockcharts.com/h-sc/ui?s=uwn



Nevada Gold and Muscogee (Creek) Nation Make Announcement
7:58p ET December 12, 2006 (Business Wire)

Nevada Gold & Casinos CEO Robert Sturges stated: "We have been pleased to assist the Nation with the development of what we expect will be the premier casino entertainment facility in Oklahoma. We wish the Nation the best in the endeavor." Principal Chief A.D. Ellis noted that, "Nevada Gold has been a good supporter of our project and we appreciate its development efforts on our behalf. We simply determined that it was in our best interest to pursue completion of the project on our own."


Nevada Gold & Casinos delays filing
4:11p ET December 5, 2006 (Reuters)

For company news release double click on [UWN.A]

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stocktrader22
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I guess we will have to see. Still think this hit bottom at .003 and won't touch lower.

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cactus33
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well, maybe UWN is just counting all the money from Tioga and Vernon before the file, and that will in turn give TPWR a huge boost.. maybe..

[Smile]


trying to be positive..

Im trying to figure out if UWN is a good buy.. lol

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Miss Piggy Bank
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Last year they filed an 8K on 1/6 and 1/20 if I am reading it correctly. If the timetable doesn't shift to much we could see something any day. It will be interesting to see what happens tomorrow and Monday. Maybe a small run in anticipation of news. Just speculating of course:)
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cactus33
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thanks miss piggy..
if anyone wants to explain these form 4's with UWN, Im all ears.. like I said Im more of a chart player. but is this guy buying up shares? very recent..

http://www.irconnect.com/uwn/pages/sec-filings.html

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Miss Piggy Bank
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I'm not a forms person either, this is pretty much Greek to me. But he is obviously buying something, I'll take that as a good sign.
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10of13
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Cactus...on that form...
A= acquired D= disposed...
I see D for John Gallaway of about 10K shares......
But on the others I see A...for James Kohn (about 26K)...

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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

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cactus33
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he's the CFO too right..

hopefully filing is good and includes good numbers from vernon and tioga like i said before.

throw it in the air and let it rain ceo !

jmho

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cactus33
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OK thanks 10.. thats what I thought.. I saw that dump by gallaway too. interesting the flurry in form 4's right when they are late for a filing. especially from cfo, at least he is buying.. even though This company is not TPWR they are closely related.

I keep looking at NYNY too, so closely related of companies and they have been really succesful. hopefully tpwr next..


http://stockcharts.com/h-sc/ui?s=uwn


http://stockcharts.com/h-sc/ui?s=nyny


http://stockcharts.com/h-sc/ui?s=tpwr


jmho

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cactus33
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dont they only have 30 days after, so that gives them less than a week left to file, regarding UWN..

we should see something regarding TPWR or UWN within a week, most likely from both. It may not run until then unless filing is out of sight and mm's catch wind, otherwise this is flying under the radar until..

jmho

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cactus33
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just saw this, from today..

HOUSTON, Jan. 4, 2007 (PRIME NEWSWIRE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that its joint venture partner, American Racing and Entertainment, LLC, issued a statement regarding the performance of Tioga Downs and Vernon Downs in New York State.

Robert Farinella, Senior Vice President & General Manager of Nevada Gold NY and President of American Racing stated, "Since joining American Racing we have revised our business plan to improve operating performance. Like any new entertainment property, it will take several months to realize the full benefits from this process. Our process includes cost cutting coupled with new directions in marketing the properties. We have several key dynamics that are influencing our ability to generate improved operating performance including, but not limited to, a very high tax rate and mandatory purse contributions that equate to an approximate 70% 'tax' on revenue, the rural location of our properties and the fact that a major competitor in our Vernon market pays no gaming taxes."

Mr. Farinella continued, "We also have several factors working in our favor, including a fine team of associates dedicated to making our business successful and great local tourism and community activities, which our marketing programs can take advantage of to create synergy and drive additional guests to our facilities. We also have a live racing program which attracts a broad base of guests, who enjoy the entertainment of pari-mutuel horse racing and the additional amenities we offer.

"We are dedicated to making our business model work but realize legislative tax relief could be a long-term necessity based on our locations and competitive positioning within our markets in order to continue to provide the economic stimulus and jobs to the communities in which we are located," Mr. Farinella concluded.

About Nevada Gold & Casinos

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