posted
PMED is my next pick after confirmation of a reversal on different levels, the previous issues are now settled and over and is about to get more attention. I am playing this as a short to mid term (under 3 months for now but that could change) only since I lack the info to confirm holding long as of yet. Same sector as CLBE but in another division. In no way do I see this as equal to CLBE but I speculate it should reach the upper single pennies fairly easy. They also have a smaller OS at approximately 28 mill but the AS eventually could reach 250m which is still modest but stocks like AMEP with almost 400m OS and 500AS easily shows you how they can move in the right sector and the energy and bio tech /med sectors are getting to be focused on throughout the season and thru the last quarter of this year. Looking at the chart for this you can easily see what I mean if your into charting. My opinion of a good entry here is anywhere from here to .03 to safely cover your double mark at my projected target of .06 (but that to can changed)
As you can see by the T/A chart it’s just beginning to start the reversal cycle and coming off an all time low now.
There’s also an alert going out now from Morning Star and just been rated a buy from American Bulls (if anyone cares about them at all…LOL) and also from another poster that has been pretty inquisitive.
“Revenue of over $3 million and they have over $1 million in cash. Just based on that, the company should be at $0.038. Only $2.5 million in debt, so it's not like they are grossly in debt or anything. Looks like the lawsuit has held this one down. Not much downside on this one”
As usual do your own DD on this as you have on the rest of my picks, do not buy off anyone else’s post or mine without verifying any info you may find and do not forget to target your principal first.
posted
No problem Quest...thanks also to JimSC who brought this one up yesterday....always looking for that "solid" company selling for a penny, a penny doesn't go as far as it used too! So finding these gems at the bottom is hard but very worthwhile, especially when they have a viable business plan and not just some empty shell.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
I'll wait for the pull back from the early morning run.... And then see what happens....
Posts: 451 | From: Kansas City, KS | Registered: Sep 2005
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posted
trust your own experience,remember last week when CLBE was trading identical to this? B/A matching and so forth and each buy or sell reflects immediately? This is only day one of a few more left for good entries.I have an AON buy set at the ask with no execution at all,tells me the MM's have little storage and are looking for mirrors to move this...good sign!
posted
just got off the phone with John Uoon,he is head of the IR dept..we can expect an earnings release within 4 weeks but apparently somethings in the works but they could not go into it until its made public (which is pretty much what I expected...LOL) as I have said before,post picks early and load up for the real runs but this so far is still a short to mid term play for me until further notice.
posted
Following your lead Quest. Did some basic DD, definately looks undervalued. Market cap of $425K is extremely low for a company producing $3 Million in revenues annually, even if it's not profitable. Definately looks like the PPS drop was due to the lawsuit that has been settled.
posted
Emerging Stock Report: Paradigm Looking Forward Again 10/11/05
Oct 11, 2005 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report is following Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB) up 57.3% today as it announced the completion of the settlement of the federal and state court class action lawsuits that were filed against the Company and its former executive officers, Thomas P. Motter, Mark M. Miehle, and John W. Hemmer.
Under the terms of settlement of the federal court class action lawsuit, U.S. Fire Insurance Company, which issued a Directors and Officers Liability and Company Reimbursement Policy to Paradigm Medical for the period from July 10, 2002 to July 10, 2003, agreed to pay the sum of $1,507,500 in cash to the class members that purchased securities of the Company during the period between April 17, 2002 and November 4, 2002. Under the terms of settlement of the state court class action lawsuit, U.S. Fire agreed to pay the sum of $625,000 in cash to the class members that purchased shares of Series E Convertible preferred stock on or about July 11, 2001.
Paradigm Medical Industries, Inc., currently develops, manufactures and markets surgical and diagnostic high-tech, proprietary equipment and consumable products for the medical industry. The company specializes in the development and marketing of diagnostic equipment for the ophthalmic market. These products include of topographers, autoperimeters and ultrasonic biomicroscopes and a unique Blood Flow Analyzer help the eye care professional's community diagnose and treat disorders of they eye such as glaucoma, cataracts and age-related macular degeneration. The Company's corporate offices are located in, Salt Lake City, Utah.
Recommended Guidelines for Eye Exams Before age 5:Toddlers should be screened for common childhood problems such as crossed eye, lazy eye, nearsightedness and farsightedness. From puberty to age 39 you should be checked if you experience any eye problems or visual changes such as pain, floaters, flashes of light, blurry vision, or eye injury. During ages 40 to 65 you should be examined every two to four years. Everyone over 65 should be examined every one to two years. People at higher risk for eye diseases need to be examined more often. For example, adults with diabetes should have yearly eye exams. Other people at higher risk include blacks over age 40, people with a family history of eye disease, or those with a history of eye injury.
Source: American Academy of Ophthalmology
Ian Birrell
The Emerging Stock Report profiles emerging growth companies and brings them to the attention of the investment community ahead of the market providing concise analysis and resources required in determining when a stock appears poised for growth.
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-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
I'm so strapped for funds I could only buy a measly 12,500 (* 0.073)... so for now I'm just playing to get my commision money back, and maybe some spare change. Should be fun, though... Didn't wanna completely lose out on another QuestSolver pick.... this way I can at least track the run and see a bit of green on my board... Posts: 249 | From: NYC | Registered: Sep 2005
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posted
slippery...not today,its just getting back to where it should be and if I remember correctly this ran from .01 flat to .16,gotta look it up again to confirm though.
posted
You may be right. I'm just going on what I've experienced in the past. Huge, quick run-ups like this are often followed by dips, which has been where I've usually jumped in.
I think this one will dip back, and will be a good place to get it.
If I made 100% in 5 hours worth of trading, I'd be taking a little off the top!
Posts: 451 | From: Kansas City, KS | Registered: Sep 2005
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