I would argue that the NAS can mirror movement in the penny markets. It is the market that is closest to the OTCBB and pinks. Look at the runnup we saw in the oil & gas sector last summer and more recently the Avian Flu sector. This is parallel to movements in the same sectors of the NAS (maybe not with flu tho)
BUT overall, you're right. Pennys operate on too many different variables to be affected by any one trend. Just look at the BS nite can get away with down her in penny land. Thank god the NAS has taken over the OTCBB and is trying to clean it up.
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OXFORD, MS -- (MARKET WIRE) -- 11/15/05 -- Modern Technology Corp (OTC BB: MOTG) a rapidly growing diversified technology development and acquisition company, announced the current status on its various strategic initiatives and a synopsis of its revenue expectations for 2005. The strategic initiatives include the company's internal projects relating to developing new revenues from its acquired technologies.
2005 Revenues Expectations
Our newest acquisition, InMarketing Group, is under closing now and is expected to add $11,000,000 in profitable revenues. Our other subsidiaries and current sales expectations will likely bring our internal revenue totals around $20,000,000. We have transactions underway now that, if completed, will catapult revenues over $50,000,000 for 2005 and will likely allow us to list the company on a national exchange as a result of the transaction.
New Technology Acquisitions
In June 2005 the company announced a strategic alliance agreement with UTEK Corporation. This alliance provides the company with nascent, market-ready technologies. The company intends to commercialize them through its existing sales and distribution channels. The company has market-ready technology already under consideration for immediate acquisition. The company projects significant revenues from these technologies. Of particular note are technologies relating to energy conservation. MOTG has new energy-related technologies under consideration now in order to bring them to market.
Commercialization of H-NET technology
We have installed both developers and support teams. Sales and Marketing activities have begun and we expect to see growing momentum in both market exposure and subsequent sales.
The H-NET technology is complete, market-proven, and has a long history of software sales as a dominating force in the Vision Care industry. The H-NET technology has an installed base of approximately 6,500 sites and serves the three largest retail Vision Care chains in the United States. Companies using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision, Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Energy Conservation Initiative
International Sales and Marketing of DeMarco Energy Systems
The Energy Conservation and Alternative Energy sectors are rapidly growing sectors in which MOTG has a significant stake through its relationship with DeMarco Energy Systems of America, Inc. (OTC: DMES) We have made progress in establishing our worldwide distribution network of geothermal and alternative energy sales channels. We expect to release details of these new international operations in the very near future.
This new energy initiative will result in new revenues and exposure for both MOTG and DeMarco Energy. MOTG provides executive consulting, marketing support, business infrastructure and related services while DeMarco Energy provides its patented geo-thermal solutions. MOTG intends to acquire additional energy-related technologies and make them available to DeMarco energy for commercialization as appropriate.
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and
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FYI: they released the news under the ticker DMES along with MOTG. DMES is DeMarco Energy, trading on the pinks. I haven't seen them release pr's under Demarco before. Anyone else?
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quote:Originally posted by wholehealthgirl: Hostile takeover...now that sounds like a plan!
I was told they'd be profitable soon (next quarter or two) and that the losses were mostly acquisition expenses.
There's some big stuff brewing but I can't get any details... not that I haven't tried.
WHG: give your source a cookie for being spot on this week: 2 pr's in as many days! Not bad! With Inm and 10Q yet to come! They are def beating the drum. And yes, according to their pr's they should def become profitable this year. If memory serves they are not that far below and like we know, their huge expenses were from acquistions whose profits are still not manifesting in their quarerlys... yet.
I'm with you on the hostile takeover thingey. Who else is with me?!
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Those three past spikes...are they glitches or for real?
I take it you're talking about MMIC? YES they are for real! Not the fatfingers of course. The HUGE run in June (+500%), and doubles and triples in August and September! I used to say ".01 easy" but seeing as how they've diluted and everyone KNOWS they have, I think at least a double is possible from here. BUT play with caution, MMIC can be hard to get out of when its dropping. I've been a bagholder, I know all about it
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Anthony is laying all the cards on the table. Why? Because he wants everything out in the open before he blows the lid on this thing. The Mother of all PRs is coming soon. Hope you're locked and loaded.
quote:Originally posted by Aldeberon: Newbie - you're right in that your stock can be up when the market is down, and vice versa. But if your company is part of a major sector - say Tech, which the NAS is heavy in - then the movement in the NAS will be indicative of the movement of those sectors.
So it's not a mirror of your stocks performance so much as an indicator of trends and patterns in the market overall.
Hope this helps.
Al
NASDAQ is heavy in which industries? Tech and what else. And what about the others: Dow, NYSE, and S&P ? Isn't the S&P the top 500 U.S. companies or globle?
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fwiw: I think Welch is doing a great service to the stock holders this week. Releasing 2 pr's, beating the drum, letting us know after that 10K fiasco that he is still for us giving updates and "pumpy" pr's to draw attention to the stock. I don't know him from the NMKT days like some of you guys do but he seems to know what he's doing. ANY pr that's not a negative one just brings more attention to the stock, puts it in people's memories. Then the big one(s) come and they think "oh yeah! MOTG! I know that stock! BUUUUUY!" He's doing everything he can as a CEO imo. Let's just go bomb KNIGHT INDUSTRIES so nite has to get off the ask already. He must be so short on this.
btw Does anyone know the "squeeze trigger" price for MOTG? Based on past behaviour my guess is .09, they don't seem to like letting it get up there too often. I haven't paid for the squeezetrigger tho so I don't know, just a guess. GL
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quote:Originally posted by Aldeberon: Newbie - you're right in that your stock can be up when the market is down, and vice versa. But if your company is part of a major sector - say Tech, which the NAS is heavy in - then the movement in the NAS will be indicative of the movement of those sectors.
So it's not a mirror of your stocks performance so much as an indicator of trends and patterns in the market overall.
Hope this helps.
Al
NASDAQ is heavy in which industries? Tech and what else. And what about the others: Dow, NYSE, and S&P ? Isn't the S&P the top 500 U.S. companies or globle?
I don't really follow the big boards but yes, the S&P 500 are the top "fortune" 500 companies in the US, and are generally accepted to be the indicators of how the market is fairing, overall. If anyone out there plays large caps and wants to correct me on any of this, please do so.
I don't know what the other large sectors trading on the NAS are. I'm sure GOOG could help you out there tho.
quote:Originally posted by BigBuyer100: Aldeberon . Seems like MOTG is .098 for a nice Cover Rally. Ifthis stock gets over that then it will rock.
MMIC. You see the 400 at the ask on it. Thats there Rally mark. IMO
BB: thanks for the target on MOTG. I thought it was somewhere up there. For those of you going "huh?" that means that the MM's will have to start covering their shorts around that price or they start to lose money. Read: short squeeze
MMIC: not watching t&s right now but I still think it looks good
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quote:Originally posted by Aldeberon: HAHA Kat I have more stars than you now LOL
Thanks whoever that was I'm sure I'll lose them shortly
What does "squeeze trigger" mean. And, you're welcome
Thanks AN
buyins dot net has a computer program that computes the average price that all mm's are short on a stock. GWGO was the first one I saw really utilize this price and broadcast it to their shareholders so they would know it. In the case of GWGO, I think the squeeze trigger was .0009, meaning if the pps hit .0009 the mm's would start losing money and have to buy in - causing a runnup in price. I am guessing MOTG is around .09, seeing in the past how NITE et al have kept it far below .09 most of the time. BB guesses its around .098, which also sounds good. Either way, if the stock starts to run, given we are on the SHO list, the mm's will have to start BUYING SHARES instead of selling them causing the pps to run niorth quickly, aka, short squeeze, aka multi-bagger
BUT. All of that is precluded by the fact that we need buying pressure first. Enter: Inmarketing pr and a healthy 10Q.
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looks like we will hold in our trading range for a bit. I agree with some of the posts above...we are getting some exposure with these prs. One good push and ...I will check back later...
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It will be very intersting when there is a call to account for all the shares out there. The MMs are naked shorting (meaning they don't have the shares to sell short) and that will increase the pressure for a short squeeze. Oh Yeah!
-------------------- Never underestimate the stupidity of people in large groups.
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I have never bought into the idea that there are more buyers than sellers or vice versa. Every transaction has two sides doesn't it? It seems to me that the marketplace changes its idea on how much the price should be and creates transactions and the mid price among all buyers and sellers.
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With the MMs naked-shorting there are more shares on the sell side. They are artificially diluting the stock. This is one factor holding the share price down. Yes there are buyers for each sale, but as there is now an endless supply of shares the cost will stay down. Basic supply and demand. When the MMs have to account for the shares by providing Certs, they're gonna be screwed, they won't have anything to show for it and will have to buy buy buy.
-------------------- Never underestimate the stupidity of people in large groups.
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quote:Originally posted by wholehealthgirl: It will be very intersting when there is a call to account for all the shares out there. The MMs are naked shorting (meaning they don't have the shares to sell short) and that will increase the pressure for a short squeeze. Oh Yeah!
Explain the following terms please: sell short, short squeez, and buy to cover. How does all that work? Making money off lost? If so, how does that fit the content, in which you've used it?
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When you sell short you borrow shares from your brokerage (can't short penny stocks unless you're an MM or offshore, or in another country I believe) and sell them to a buyer. You are betting on the stock price going down. When you cover (buy the shares back for the brokerage) you hopefully buy back at a lower price than what you sold at. And pocket the difference. MOTG has been on the reg SHO list which has the stocks that are being naked shorted (they don't have any shares to "borrow" so they are selling shares that don't exist) so we know that there are people out there short on this stock, that are hoping the price will tank so they can make $$.
If they "sold" the shares at .098 and the pps hits .099 they are losing money. The higher the stock goes the more money they lose. Thus they will start to "cover" and buy back the shares they sold. Which will force the price up even further... causing more shorts to panic... and driving the price up more. A short squeeze.
-------------------- Never underestimate the stupidity of people in large groups.
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WHG--It's very nice of you to answer all of newbies questions. Thanks from all of us. I'll send you chocolate if the men can't keep their word...you've more than earned it.
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I was more than ready to send several boxes of brown fat, but, considering her moniker, I didn't think that was a good idea. I then thought about sending some Slimfast or something sililar, but I wasn't sure that would go over well, so I gave up.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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