posted
looks like the move from .05 cents to 4 dollars in 3 days was due to a PR about a 1.5 million dollar contract..
I am looking at the chart and one of my favorite breakout indicators is showing we may be near another big move.. so I will watch this one very closely..
only problem is that the volume is very spotty unless there is a big rally.
since early april we seem to be building a symmetrical triangle.. so a big move coming i think, but not sure if we get a big shake down first.
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posted
TRC- I'm no sure what your charts are telling you, and you may be right. But the rise you are referring to is due to the R/S. Furthermore, if it dropped post split back down to .05 that is troubling. Be careful here.
posted
well this definitly ran from .05 to 4 dollars which is absolutly incredible. It has also made some other nice runs in its history, like .02 to .65 in late april, and .05 to 2.00 in one day in December. This definitly intrigued me so I did some research.
Right now it seems like the company is involved in disaster relief services, which is nice for the upcoming hurricane season. But since 2002 they have been involved in real estate, financial services, overhead crane and hoisting services, began manufacturing material handling systems, and fianlly business consulting. Sounds like they have some real determined business people running the show there.
Here is a qoute from their most recent 10q that cracked me up, "In the next twelve months, we intend to hire from six to up to fifty employees, depending on the nature of the business opportunities we elect to pursue." They now have 2 full time employees.
The reasons for the runs seem to be the fact that they have an extremly low O/S, just under 5000 shares outstanding as of 4-17.02 (after the split) according to pinksheets, which means that they had 250k before the split. They also split 5 times before their most recent one.
They did release 3 PR's since April and it sounds liek they actually do something. They discussed them building homes in disaster areas.
This looks like the most riskiest play I have ever seen. The float is so low that i could conceivably buy a controlling stake of the company (They have a market cap of $2000, although I am sure they have issued shares since the split and the float is not that low. It is a hurricane play and its a hot sector right now. I may consider this if it get below 5 cents again. Then who knows maybe this could run to 4 dollars again and I could be rich.
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posted
I have a strange feeling there will be an intraday shake next week that shakes the price down to an intraday low of 5 cents or 10 cents only to see it recover by the close back to the .30 to .40 cents range..
seems plausible doesnt it? I have seen that happen many times, especially coming out of a symmetrical triangle.
the problem is, it will be very hard to get filled at those low prices!!
but also thinking this one is not worth the risk. way too easy to get trapped and then no ability to sell
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posted
TRC I disagree, a stock that has run like that may be worth a small risk. You are on the right path in trying to find out why it spiked. Go to I-hub and ask some questions about it. They may have pumped it in the past or at least be familiar with it. Please let us know what you find out. You have peaked my interest. I may throw a couple hundred in it. Good luck.
posted
I will consider this at or below 5 cents...although before I bought this I would get them on the phone and see what the O/S was. 619-466-4928 is their number. I called it (not expecting to get them bc its saturday) just to see if they really existed, lol. To my surpirse I got an answering machine. I left a message and will keep everyone updated. I'll try to get as much info out of them as possible.
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posted
sorry I can't do much DD on weekends. Iuse a PDA and it's hard to navigate the internet. I'm with JD, around .05 is a good gamble, depending on how the share structure looks.
posted
May 17, 2006 9:28:46 AM May 17, 2006 (M2 PRESSWIRE via COMTEX News Network) -- www.**********, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: AirTrax, Inc. (OTCBB: AITX), ActiveCore Technologies, Inc. (OTCBB: ATVE), Axia Group, Inc. (OTC: AXGJ), Foamex International, Inc. (OTC: FMXIQ), ImageXpres
Axia Group, Inc. (OTC: AXGJ) through its subsidiary, Axia Building Technologies, Ltd., provides housing and disaster response technologies worldwide. It seeks to identify, develop, and acquire technologies that provide housing, as well as improve living conditions for those who have lost their homes and communities to disasters. Axia Group was incorporated in 1984 as the Canton Industrial Corporation and changed its name to Cyber America Corporation in 1996. Further, the company changed its name to Axia Group, Inc. in 2000. Axia Group is based in La Mesa, California. With an undisclosed short position, there is no longer a failure to deliver in shares of AXGJ.
how are you buddy? Watch ECTA.. it's gonna move big.. Chart looks really good. I know it's unknown but these stocks sometimes worth taking risk. If you have free money, take your chance.
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CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
posted
ANyone still watching this? This is now trading at .07, getting very close to the .05 range where it made its last run. The chart is shaping up quite like the huge run. I will be looking for a buy signal from the volume, RSI, or MACD and will throw a few hundred in. Who knows I could get rich off this.
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posted
This closed at .03 today with a volume surge at the EOD, with 120k in volume coming in the last 45 minutes. Im throwing a very small amount of cash in this first thing in the morning. Dont want to miss another run to 4 dollars, LOL, ohh well its like buying a lottery ticket.
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posted
I am still thinking (or hoping) that this AXGJ could really be the trade of the year as we go into the January Effect into the end of this year..
and the DJIA hitting new all time highs by Christmas should help us along...
seriously... if we pop from .02 cents to 4 dollars that would truly be a sight to behold..
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