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LAKE HARMONY, PA -- (MARKET WIRE) -- 01/19/06 -- The IO Circuit recommends shares of automotive aftermarket supplier, Harvey Westbury Corp., Inc. (OTC: HVYW), which received a reiterated 'Speculative Buy' rating this morning from the OTC Risk Trader, a New York-based financial newsletter that provides market commentary and speculative trading opportunities on micro-cap companies.
Directly quoting the Newsletter Alert, "Our discounted cash flow (DCF) model calculation of fair-value suggests that a $.75 share price is justifiable based on revenue and earnings projections derived from our own independent research and interviews with the Company's management about current business conditions and future prospects for both acquisitive and organic growth." The report continued, "Notwithstanding our fundamentally based share price target, we believe the stock's inherent Historic Volatility (HV), propensity for large momentum swings and the Company's relatively low tradable float (approximately 5 Million shares) could precipitate a "slingshot" rally back to the $1.00 level HVYW shares reached in late 2005 after we originally recommended the Company at $.10. We would, however, warn subscribers that shares are overvalued at $1.00 and recommend taking profits, looking to re-establish long positions if and when shares retrace back to or below $.60."
Other active stocks are Aurus Corp (OTC: AURC), Global Energy Resources Inc. (OTC: GERI) and MakeMusic Inc. (OTC: MMUS).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $595.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
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HVYW - HARVEY WESTBURY CORP (OTC) Date Open High Low Last Change Volume % Change 01/26/06 0.2600 0.2900 0.1900 0.2880 +0.0380 686243 +15.20%
Composite Indicator Trend Spotter TM Hold
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 165590
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Sell 50-Day Average Volume - 109886
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: - Hold 100-Day Average Volume - 85847
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Low float, possible PR, looks like this think can get up pretty soon. I think we're gonna have a good day tomorrow, and Monday should be excellent if we get the PR.
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Looks like the folks on Investor's Hub are excited about this one as well. I can't believe that a price of .75 is expected to be hit!
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Placed a bid for .265, 1300 all or none, lets see how that goes. Whats odd is that I could not purchase it on Etrade's website, and instead I got to do it over the phone, via their automated service.
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it only took 200k-400k of volume to bring this baby up to $1, we already got 100K. If there are predictions of hitting 0.75 based on independent research on the company done by this outside newsletter, we're gonna hit big!
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quote:Originally posted by david w: Looks like my bid was way under the market. . . got in at .35 [bites nails], hope it still has more runnin to do! Go GO GO!
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Yeah, i think we're just making a small retrace during the quiet lunch hours, should be back to higher levels soon, if not in the afternoon.
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GLTA on Monday, If the news comes out and gets the attention that HVYW has proven that it can get WATCH OUT --
NEW UPDATE ....
HVYW - HARVEY WESTBURY CORP (OTC) Date Open High Low Last Change Volume % Change 01/27/06 0.2900 0.3500 0.2800 0.2900 +0.0300 512500 +11.54%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 218720
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 50% - Buy 50-Day Average Volume - 133674
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: - Hold 100-Day Average Volume - 97613
Overall Average: 56% - Buy <--------------------------- The Overall Average has more than doubled since Thursdays close
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HVYW -- Harvey-Westbury Corp. Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Harvey Westbury Corp. (OTC: HVYW) Gets Buy Rating With a $.90 Price Target
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.
LAKE HARMONY, PA, Jan 31, 2006 (MARKET WIRE via COMTEX) -- The IO Circuit recommends shares of automotive aftermarket supplier, Harvey Westbury Corp., Inc. (OTC: HVYW), which received a buy rating after Monday's close from the Small Cap Spotlight after the newsletter initiated coverage on the shares of the automotive aftermarket supplier. Focused exclusively on undiscovered small and micro cap companies and opportunities, the Small Cap Spotlight issued a corresponding short-term price target of $.90 on shares of Harvey Westbury Corp., highlighting increasing product sales and demand rates as well as low market valuation relative to expected growth rates as the basis for investment. Shares of HVYW closed at $.22 on lighter than average volume at the end of Monday's trading session.
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