posted
I posted this on SI earlier. Pretty sizeable volume the last 10 minutes of trading....either day traders (ha ha) unwinding their positions or maybe somebody listens to rumor bugs and is taking a position....
posted
It may be because they knew the Pink Sheets would have them back up this morning successinstock... If they stay up, we may be in for a bit of a run.
-------------------- It will run when you least expect it. :)
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I'm looking for an entry this morning Chopper...I want to pick up some more shares. Pink sheets really raked PLNI through the coals. The nice thing about that is the information provided by PLNI satisfied them. This was hard data that Pink sheets requested and verified. Success is right in that the accountants are now up to bat and they better start putting some runs on the board...
quote:Originally posted by Chopper: It may be because they knew the Pink Sheets would have them back up this morning successinstock... If they stay up, we may be in for a bit of a run.
posted
Up 31% for the day! Not bad for the first day of requoting. Gapper in the am would be wonderful.
-------------------- It will run when you least expect it. :)
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imakmony2005
unregistered
posted
6/27/2006
Jun 27, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include Featured Profiles for Sao Luis Mining, Inc. (OTC: SAOL), L International Computers Inc. (OTC: LITL), and stock alerts for Perfisans Networks Corporation (OTCBB: PFNH), Plasticon International (OTC: PLNI), PLASTICON INTERNATIONAL , INC. (OTC: PLNI) "Up 38.46% in morning trading"
Plasticon International (OTC: PLNI) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products. Visit their web site for more info at: www.plasticonintl.com
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i've been following this stock for about 1.5 yrs:
plni has let down there investors with b.s pr's about there product and deals !! what they need to do is win back investor confidence with news on there product and placement deals...period !!
quote:...Lance...nice to see your post on SI. I look forward to your dialogue with those on the non-bull side of the house. [/QB]
That's not gonna happen. I don't respect SI as a serious place to discuss issues from what I've seen so far. It strikes me more as an immature place where there's plenty of flaming and arguing, but no original thinking, and even less serious analysis.
Further, why would I waste my valuable time arguing with the moderator Capt. Kirk, while the moderators and owners make money off the click ad advertising? I understand you'd like to see me rip these highschool mentality guys to shreads for entertainment value, but they are gonna have to pay me some of the $ they are making if they want to use me to increase the entertainment value, thereby increasing traffic, thereby increasing click ad revenue. I might be lured into having a serious analytical discussion with someone of integrity on that website who doesn't come right out of the gate throwing insults, but no one has stepped forward with that kind of character.
Finally, why would I waste my valuable time arguing a position they would stand to benefit from? Think of it like this, someone has a winning lottery ticket. Now someone says dude, you've got the winning lottery ticket, go cash it in. Now imagine the guy with the lottery ticket arguing and saying "No I don't. No I don't." And you are like, "Yes you do. Look at this number right here." And the guy says, "No, I don't want to look at that number. I know I don't have the winning lottery ticket and I don't need to look at the number to know this." It's like you eventually reach a point where you say, "Dude, you're an idiot. I don't care if you cash in that lottery ticket or not. It's your loss, not mine." And you just throw your hands up and walk away.
I don't see why so many people want to help other people become rich. I mean I know it's a nice jesture towards humanity sort of feeling, but when the person argues with you, leave it alone. Why help an idiot? Now it's different if they come into a bullish thread like this and attack. Then you can attack back, easily shaming them in front of everyone with facts and analysis of their latest financials. Countering an attack is noble and honorable. But aggresively attacking and trying to convince an idiot they "have the winning lottery ticket" sort of reveals something about the attacker, their vanity and need to be right and to convince everyone on the planet they are right, and are not satisfied until everyone views something exactly the way they do. It's vane, ego-centric ramblings, that while holding entertainment value for some, amount to a terrible waste of time. As the most excellent business entrepeneur Benjamin Franklin once said: "Dost thou love life? Then do not squander time, for time is the stuff life is made of...Time is money."
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quote:Originally posted by keithNJ: i've been following this stock for about 1.5 yrs:
plni has let down there investors with b.s pr's about there product and deals !! what they need to do is win back investor confidence with news on there product and placement deals...period !!
omg
That's exactly what they were doing. Here's a chronology. Now follow me on this.
Oct 13, 2005 = Plasticon Dramatically Increases Production Capacity With State-of-the-Art Toyo Molding Machine
Oct 26, 2005 = Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders
Jan 23, 2006 = SEMCO Chosen as Surfacing Vendor by Contractor for Apple Computer Japan Headquarters
Jan 25, 2006 = SEMCO Announces McCarren International Airport Surfacing Contract
******STOP! Now on January 31, 2006, Pinksheets.com removed the web quotation with the reasoning that they felt hype was being used to drive the stock up without the release of financial information that investors need in order to make a good decision whether to invest in this company or not.
Since this time, PLNI has stopped releasing PRs that may be construed as "promoting" the stock until they release adequate financial information.
PRs containing info on contracts and product developments, etc. should go back to normal once PLNI brings their financial releases up to date and the audit is completed.
Hooray, their back in good graces with pinksheets.com!
Excellent! Remember all the bashers who said PLNI was going to be de-listed and how terrible this was that a web quote was no longer being provided and how it was a sign predicting future doom of this company?
All of us who said researched the issue and came to the conclusion and told everyone else to just relax, that it would be taken care of once PLNI had released financials, we all were correct. The bashers were wrong once again. PLNI is now "re-listed" over pinksheets.com website quotation service.
Let that be one of many lessons for those who thought this was the end of the road for this company. You need to "get out" more. When you see things happen that were far worse than this, you learn to keep things in proper perspective and not do the overreaction bi-polar thing.
Congratulations most of all to PLNI for working deligently to take care of this issue. Go management! Good job.
Hooray, their back in good graces with pinksheets.com!
Excellent! Remember all the bashers who said PLNI was going to be de-listed and how terrible this was that a web quote was no longer being provided and how it was a sign predicting future doom of this company?
All of us who said researched the issue and came to the conclusion and told everyone else to just relax, that it would be taken care of once PLNI had released financials, we all were correct. The bashers were wrong once again. PLNI is now "re-listed" over pinksheets.com website quotation service.
Let that be one of many lessons for those who thought this was the end of the road for this company. You need to "get out" more. When you see things happen that were far worse than this, you learn to keep things in proper perspective and not do the overreaction bi-polar thing.
Congratulations most of all to PLNI for working deligently to take care of this issue. Go management! Good job.
lance, are you an MM?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Lance...point well taken on the cesspool that they call SI. I have to admit that I do post on some of their threads, but refrain in senseless unproductive arguments with "non-bull" people.
Looks like PLNI is getting the job done. It has been a long wait, but it will be worth it...imo.
After nearly five months, PinkSheets.com reestablishes quotes for PLNI and removes cautionary message
Early this past Monday morning regarding PLNI, we predicted that “we will be vindicated soon”. This was a tough statement to include considering we have been getting shelled by negativity all over the place. Although PLNI still trades below where most investors bought in, the bounce is welcome news and certainly displays a ray of hope for the future.
The acceptance of Plasticon’s filings, letters, and reports by PinkSheets.com is an important win for the company. Investors will no longer see a terse cautionary statement when pulling the stock up on the popular pink sheet database website. Instead, as of yesterday, investors are treated with full Level II quotes showing market maker bid and offer information.
We believe Plasticon’s self imposed quiet period may be over. Although the Company has focused on completing audited financials, we believe there could be significant new developments to expose at any time. We also stick by our statement once again that audited financials for 2005 ought to be completed by the end of July.
-------------------- It will run when you least expect it. :)
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posted
Like Mr. Incredible, I have heard that Mr. Turek has been called back into active duty. He has dusted off his cape and has been seen with a new and improved "super suit". I have turned the illuminated recycled plastic sign on over Gotham City and look forward to seeing Mr. Jim "Plasticman" Turek return once more.
Sorry, it is nice to see green again.
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I think what we will have is a testing of the 50 day MA again. At current volume levels, the stock lacks the power to bust through this formidable resistance barrier.
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posted
is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
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quote:Originally posted by TRM: is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
The market has already answered your question. Look at how much PLNI stock has moved since after doubling the outstanding shares in April, it moved from about $0.005 down to $0.0025 over a 2 month period. If it can move down by that much, it can also move up by that much.
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quote:Originally posted by TRM: is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
The market has already answered your question. Look at how much PLNI stock has moved since after doubling the outstanding shares in April, it moved from about $0.005 down to $0.0025 over a 2 month period. If it can move down by that much, it can also move up by that much.
IMO, not unless they do a serious buyback. Otherwise, it will just sit.
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LanceJ, re: The chart. On the chart you said the the real problem was money flowing out of the stock. There was also a negative flow of money during the "previous spike" area. Does that mean it can still spike? Thanks
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Ed... They don't need a buy back to get it back to around the 50 Day MA...We do however need something big and/or new investors to get it beyond that point. The new investors is part of BA's job generating interest...
It is my feeling that PLNI has a substantial number of developments to announce that they have been holding until the current issues were taken care of...It seems that is the case with the exception of the audited numbers. Those should be near IMO
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quote:Originally posted by Interesting: LanceJ, re: The chart. On the chart you said the the real problem was money flowing out of the stock. There was also a negative flow of money during the "previous spike" area. Does that mean it can still spike? Thanks
Good question and the answer is yes. Stocks can and do rise on negative m.f.
In this case, and you'll need to scroll up to look at the chart to follow, notice the uptrend occuring on the money flow, even though the money flow is negative. So while the money flow was negative on the previous spike, it moved from -0.30 to all the way up to 0. It takes a little more than just negative m.f.= bad, positive m.f. = good. Just as in the price chart, you look for trends that sometimes form on the m.f.
Also, you don't want to just look at the m.f. here. Those new to a particular indicator often think in spatious, compartmental like truths. What you want to do is look at the m.f. holistically, as in only one small part of a bigger picture. Think of it like looking at a single computer on a network, versus looking at the network as a holistic whole.
In otherwords, look at the volume, stochastic, and MACD as well. On the volume side of things, we had volume rising into the upward move on the previous spike suggesting strong support behind the upward move as buyers kept stepping in to take the price higher. Notice also the positive MACD while the stochastic was neutral.
So you have a bullish money flow trend (even though it was negative) confirmed by a positive MACD, confirmed by the increasing volume.
Today is a different story. Notice the m.f. has done the inverse of what it did during the previous spike, effectively decreasing in greater amounts forming a downtrend. It's very much the opposite of what happened during the previous spike. Notice also that volume was increasing during the previous spike; however, as I pointed out about yesterday's upward move, it lacked the volume to sustain move. This is very different. Few penny stocks will ever rise on light volume. As volume increases so does the stock, especially when you have an increase in volume into the upward move. This suggests buyers stepping in, in increasing numbers. We did not have that situation with the volume yesterday, as today's price action confirmed.
Finally, keep in mind that with penny stocks, limited technical analysis can be used. You want to look at volume, supports, resistance, moving averages, and less towards stochastics. That's not to say stochastics are completely discounted, but rather with the volatile nature of penny stocks and the sudden one day moves they can make as evidenced yesterday, the stochastics have less predictive power that they do for stocks traded on major exchanges.
Penny stocks offer greater returns on investment than any other investment vehicle known to man, and that includes most options. So of course they have to be a little harder to trade than the rest as well. The "harder to trade" manifests itself partly in the fact that technical analysis is more limited so in otherwords there's less clarity or predictive capability derived from technical analysis when applied to penny stocks versus stocks traded on major exchanges. That's why fundamental analysis is so key to penny stocks. You've got to watch those revenues, earnings, earnings per share, and cash flow numbers. You've got to understand the product, know the sub-sectors they trade in, and know the market cap in these sub-sectors (such as plastic signage market, plastic re-bar market, etc.)
Harder than stocks traded on major exchanges? You bet. But the payoff is also much much bigger and worth the extra effort.
quote:Originally posted by Bearclaw: It is my feeling that PLNI has a substantial number of developments to announce that they have been holding until the current issues were taken care of...It seems that is the case with the exception of the audited numbers. Those should be near IMO
Good feeling, I think you're dead on. Business didn't just suddenly stop coming in to Semco around January 31, 2006 nor demand for plastic rebar supports suddenly stop. The stopage was a PR thing only as the q1 financials confirmed. Again, this was done temporarily to appease the pinksheet market owners and to supply the much needed and long overdue financial numbers. I think at some point we will once again get PRs that concern actually business contracts.
posted
"IMO, not unless they do a serious buyback. Otherwise, it will just sit. "
That's really the million dollar question, or should I say billion...LOL, get it billion, as in...
But now we're talking about the right thing here, and that's the outstanding shares. Is it a problem. You bet. Does it suck big time? Hell yes. Has it driven me to leave my trading desk in a ferocious fit of anger and disbelief to suck down a smoke and chill? Yes.
But it's the one thing that sucks about this company. Do I think it will be corrected in the future? Absolutely, I have no doubt. Money fixes all things and with revenue growth the kind we saw in Q1 2006, I know PLNI will do exactly as your message suggests, a share buyback.
So what we really need to watch is Q2 2006 numbers which should be coming within the next 4 - 6 weeks as management has reported they will, from this point forward, release financial statements on a regular basis or risk facing pinksheets wrath again. Which I have to believe that nobody, including PLNI, wants to get back into that sort of situation again. Especially after spending so much time and money (lawyer certifying tradeability, no positive PRs, TDAmeritrade refusing to let buy orders go through, etc.) to correct that mishap.
So we really need to see Q2 numbers come in on the high end of things. The more money that comes flowing in, the quicker PLNI will be financially able to address their share structure. Did you notice the shares the insiders hold from the last financial filing on pinksheets.com? They diluted their own shares as well. Remember, PLNI wants this addressed as well, nobody stands to benefit more than PLNI does from a lower float situation.
Now if Q2 numbers are bad, and the BlueLinx contract is cancelled or something, I'll be the first racing for that exit door. So that's the situation as I see it with the share dilution and how it will be corrected. Watch for those Q2 numbers and hope nothing goes wrong at ProMold in the production process, quality control, etc.
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