posted
A.B. WATLEY GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
September 30, March 31, 2005 2004 --------------- --------------- (Unaudited) ASSETS: Cash and cash equivalents $ 148,880 $ 182,929 Receivables from clearing brokers 49,341 314,374 Loans receivable from related party 258,227 258,227 Other assets 59,005 22,600 --------------- --------------- TOTAL ASSETS $ 515,453 $ 778,130 =============== ===============
LIABILITIES AND STOCKHOLDERS' DEFICIT: Accounts payable and accrued liabilities 9,209,775 9,916,940 Accrued liabilities to LLC Class B Members 1,905,240 1,910,600 Payable to clearing broker 74,950 135,412 Notes payable to former officer 700,000 700,000 Notes payable - other 307,500 307,500 Subordinated borrowings 2,791,260 2,791,260 Subordinated borrowings from officer 180,000 180,000 --------------- --------------- 15,168,725 15,941,712 --------------- --------------- STOCKHOLDERS' DEFICIT: Series A Redeemable Convertible Preferred Stock, $0.001 par value, 1,000,000 shares authorized and none issued and outstanding -- -- Common stock, $0.001 par value, 50,000,000 shares authorized and 28,615,228 and 19,062,138 issued and outstanding at March 31, 2005 and September 30, 2004, respectively 28,615 19,062 Additional paid-in capital 61,034,719 60,326,668 Subscription receivable (506,163) (1,264,109) Deferred compensation (582,000) (101,620) Accumulated deficit (74,628,443) (74,143,583) --------------- --------------- TOTAL STOCKHOLDERS' DEFICIT (14,653,272) (15,163,582) --------------- ---------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 515,453 $ 778,130 =============== ===============
Posts: 5120 | Registered: Jun 2004
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posted
chart looks very promising... up 20 percent on low volume. tomorrow is gonna be another gainer. no one has noticed it yet but if you look at the last time it made a run it doubled. once the rsi gets to 50 its going to spring up. i think im in for tomorrow. good find.
posted
This does look like a very nice chart, based on my limited knowledge of such things. But it's a risky play -- at least, this certainly isn't a stock you'll want to get stuck holding for long.....
Here's what I've got on it:
A.B. Watley Group Inc. (ABWG)
Changed from OB to PK (ABWG.OB to ABWG.PK) not too long ago, which is never good.
Had some problems earlier due to this investigation:
"Feds Indict 'Squawk' Brokers: Federal prosecutors indicted four brokers from three big Wall Street firms on charges arising from the so-called squawk box trading-tips investigation. The 40-count indictment charges the brokers "oversaw and participated" in a fraudulent scheme that enabled daytraders to listen in to the internal squawk box systems of Merrill Lynch , Citigroup and Lehman Brothers. The eavesdropping allegedly allowed the traders at AB Watley and Millennium Brokerage to get valuable information about big block trades by institutional customers."
And there was this problem:
"Ex-Watley CEO Has Checkered Past: John Amore, the former chief executive of AB Watley (OTC BB:ABWG.OB - News), a small daytrading firm that's embroiled in an illegal stock-tips scandal on Wall Street, was indicted last year in an unrelated securities investigation, court documents show. Federal prosecutors in the Eastern District of New York charged Amore with defrauding investors in a small hedge fund he managed, Amore Capital Group. The 18-count indictment, filed several months ago, charges that Amore lied to his investors about his education and his employment history. He also allegedly falsified records concerning a $3.2 million personal loan taken from the fund, and created "fictitious quarterly statements" that were mailed to investors."
And the company is having monetary problems -- operating losses leading to a negatice net income for the last reported quarter.
The trends and candles are all saying Sell or Hold, except these indicators:
7 Day Average Directional Indicator Buy 10-8 Day Moving Average Hilo Channel Buy 50-100 Day MACD Oscillator Buy
There's lots of room for the PPS to skyrocket, but there's also a low to watch out for:
Price 0.03 Support 0.0207 Pivot Point 0.0277 Resistance 0.0347 52-wk High 0.29 52-wk Low 0.01
And the company has been TERRIBLE about consistently releasing PR. March 2005 was the last time they released anything good -- mostly they've had up a wall of silence when it comes to PR.
I'm not bashing the chance for a bottom-bounce chart play here -- I think the posts above are right that this should bounce (if not now, then later almost for sure, if the company stays afloat). But I thought the above info would be helpful to know as well, before anyone pours their money in without knowing the company stats.
Posts: 249 | From: NYC | Registered: Sep 2005
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posted
volume wasnt big today so it makes it very risky for tomorrow... another thing the ask and bid are pretty far off so its not too easy to get out without loosing money even if it makes quite a bit.
posted
"This does look like a very nice chart, based on my limited knowledge of such things. But it's a risky play -- at least, this certainly isn't a stock you'll want to get stuck holding for long....." Good point and DD
as you say in and out... Most of them suck... LOL... Play the MOMO if you know how...---Warning----None of the Chit I Post are DDed....
Posts: 5120 | Registered: Jun 2004
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quote:Originally posted by JB28930: volume wasnt big today so it makes it very risky for tomorrow... another thing the ask and bid are pretty far off so its not too easy to get out without loosing money even if it makes quite a bit.
Thanks JB28930 ... I think I'll stay out of this one for now, then. But if you've got other plays that look good, shout 'em out... Posts: 249 | From: NYC | Registered: Sep 2005
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quote:Originally posted by Prdponce: as you say in and out... Most of them suck... LOL... Play the MOMO if you know how...
The MOMO plays me more often then I play it, so I'm trying to do more background and trend research on the stocks when I have the time -- combine good trends, candles, and/or financlials/PR with MOMO/charts, and you're almost sure to have a winner ... it's not easy finding those perfect storms, though. Posts: 249 | From: NYC | Registered: Sep 2005
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quote:Originally posted by Prdponce: as you say in and out... Most of them suck... LOL... Play the MOMO if you know how...
The MOMO plays me more often then I play it, so I'm trying to do more background and trend research on the stocks when I have the time -- combine good trends, candles, and/or financlials/PR with MOMO/charts, and you're almost sure to have a winner ... it's not easy finding those perfect storms, though.
posted
just posted a topic for LOUD take a look at the chart, and volume was crazy today. ask is still low and the bid is not far off the ask. i think its a good play for the next day or two. looks a little like prvx to me, doubtful it will return that well though. good luck to everyone. mbwg was a good find pr, i will be watching.
posted
The chart looks great, but the volume is dangerously small -- it's the MMs' trap set up for you, and they will eat you up alive.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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