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ConectiSys Signs First Contract for Installation of H-Net(TM) Technology Tuesday January 30, 8:00 am ET
VALENCIA, CA--(MARKET WIRE)--Jan 30, 2007 -- ConectiSys Corporation (OTC BB:CNES.OB - News), a developer of automatic meter reading technologies, announced today that it has entered into a contract with Trimark Associates, Inc. to install and maintain ConectiSys' proprietary H-Net(TM) wireless electric metering technology in Northern California. ConectiSys estimates that the initial contract has a revenue potential of up to $500,000. This commercial effort will involve the installation by ConectiSys of its H-Net(TM) technology for a key irrigation district cooperative. Trimark Associates, Inc. is expected to provide Meter Service Provider and Meter Data Management Agent services for this project.
Robert Spigno, ConectiSys Founder and Chairman, said today, "This is a milestone event for ConectiSys. We expect this contract to be the first in a series of contracts for H-Net(TM) technology installations throughout California."
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The relationship with Trimark should bring further business momentum throughout 2007. Moreover, developing any foothold in CA will help sell H-Net in other parts of the US. This is very positive PR from co this morning.
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I'm not trying to resurrect this POS, but I can't help but notice the contract news + today's volume. Any thoughts? Not in this anymore and don't like to step in sh!t twice.
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The accumulation/distribution dynamic is increasing with CNES. In January 2006/early Feb. 2006 the stock seemed 'stuck' at .0002-.0004 but was only consolidating before a dramatic run. There are more O/S now so I suspect that this ho-hum pattern will continue for perhaps weeks. MMs and other holders have and are accumulating in anticipation of movement. Billion volume days fell during that period last year mentioned above and I wouldn't be surprised to see re-emergence over the few next few weeks or months of billions in volume followed by upward movement. My cue based on last year's events is a trading day where volume is close or in billions up .0001+ --where critical mass of accumulation spills into momentum or MM-directed price movment. Then movement of .0001-.0010 in a single trading day or multiple days could be imminent. IME & opinion There is a potential here in 2007 for strong run close to a penny or depending on news/contracts .02 +
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I agree. Accumulation is increasing quitely. Also, moving averages are ready to change direction. 50 day could cross 200d and 305d averages with any spike. I would watch this very carefully.
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it doesn't look like sellers.. it all happened in 15 minutes or so.. This is one of the highest volume ever. Could be short covering..
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Flashback February 28, 2006 CNES 4.28 Billion in Volume
It's interesting to read other boards and hear about all of the alleged CD dumping. Keep an eye on accumulation/distribution indicators and see if more are being 'dumped' than acquired. It appears to be to the contrary. As I stated in post a couple above, the MMs and other large holders perhaps even (institutional players) are in the game--so they can profit the most from the game. Once 'new money' starts pouring in with further news of 'turn-around with contracts' new dynamics should emerge. MMs will sell at each major train stop and further consolidation could likely occur. Shorts will try to daytrade and longs will sell a few here and there. Hopefully, PPS can move in a more measured type of rise without going into a nuclear and massive dump situation. My hope is that a massive support base is building at this level in order to support multiple volume days 2-6 billion daily range. Let's keep up the DD on this--I am interested in others takes and indicator views. Other boards seem to be totally ignoring technicals here:
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