Here it is, right here right now!
I said yesterday that i would announce a stock i have been researching on.
Even though it hasn't broken thru resistance of $4, i am releasing it here right now. Once it breaks $4, i doubt very much it will look back, as i think it will head to $10 within the next 2-3 months at the latest.
SILCF is a high tech software company that offers network solutions to the emerging high potential security and network appliances market. From their last earnings, management appears to be very positive and confident that the company will continue to grow and is well positioned in its industry. It has many Design Wins, several of which are from high profile tech companies such as Silicon Graphics.
We are just right under resistance. This is a low float stock. Fundamentals are improving, although not yet profitable. But i am confident profitability isn't far.
Even though it hasn't broken thru resistance of $4, i am releasing it here right now. Once it breaks $4, i doubt very much it will look back, as i think it will head to $10 within the next 2-3 months at the latest.
SILCF is a high tech software company that offers network solutions to the emerging high potential security and network appliances market. From their last earnings, management appears to be very positive and confident that the company will continue to grow and is well positioned in its industry. It has many Design Wins, several of which are from high profile tech companies such as Silicon Graphics.
We are just right under resistance. This is a low float stock. Fundamentals are improving, although not yet profitable. But i am confident profitability isn't far.
posted by beanie11111 | 3:36 PM
12 Comments:
do you think we can play with this guy ?? but volume seems to be low.
Volume is very low for SILCF.
I picked this stock for improving fundamentals and potential in their emerging technologies. This is not meant to be momentum trading. (You get those from me almost everyday!! lol). This is for the folks who are slow momentum traders and prefer to hold more than just one or two days.
Even though volume is small, it has been picking up the last 2 weeks. (Most days, it was trading under 10,000 shares.) Something might be brewing. This is an early bird special! lol. I got folks who are mad at me because i usually pick stocks that has already run up significantly.
My target for SILCF is $8-9 within 6 months.
$10 target within 2-3 months if we get some type of good press.
Sorry,
This was a late post on CSTL. It was running so fast this morning; i bought at the dip but by the time i posted it was already near $5.
lol
Folks,
It is very important that SILCF breaks $4. The technicals are looking very good. Initial target $6. A break of $6 will take us to $10.
Note that SILCF is for a 6-9 month play, if we continue to get light volume. With heavy volume, target could be reached in a shorter period of time.
Don't expect SILCF to fly out the door like all the other mo-mo daytrades. It's a real swing trade. We will get some serious action when either the industry gets hotter or management puts out an exciting press release. It's been a turtle. But here's the good news:
"Revenues for the fourth quarter of 2004 were $1,581,000, an increase of 55% compared to $1,020,000 in the fourth quarter of 2003, and the Company's highest revenues since Q1 2001. Net loss for the period was ($87,000), or ($0.02) per share, compared to ($282,000), or ($0.07) per share for the fourth quarter of 2003.
Revenues for 2004 were $4,559,000, an increase of 22% compared to $3,725,000 for 2003. Net loss for 2004 was ($1,240,000), or ($0.30) per share, compared to ($1,509,000), or ($0.37) per share, for 2003.
Commenting on the results, Shaike Orbach, President and CEO, said, "We are proud to report our strongest revenues and lowest net loss since Q1 2001, a testament to the Company's accelerating Design Win momentum. Since announcing the first order for our new multi-port networking product lines in November 2003, we have accumulated more than 20 Design Wins worldwide, including Silicon Graphics (NYSE: SGI - News), several distinguished world-leading Internet security and firewall appliances manufacturers, and many others. These Design Wins are an expanding platform which delivered a growing stream of revenues throughout each quarter of 2004, and that we expect to generate continued growth ahead as they mature into mass production and the appliances market grows to its potential."
Mr. Orbach continued, "The driver for our success is the combination of the Design Wins we have already secured, which alone would provide growth, additional Design Wins we expect to secure in the future and the significant growth of all of our target market segments, particularly the Security and Networking Appliances markets. The new generations of Security and Networking appliances are bringing with them the need for a new class of connectivity components - components that offer a new level of functionality (in combinations of port density, copper/fiber interfaces, bypassing, tapping), throughput, reliability, availability and serviceability. One of the first to recognize the specific needs of this growing market, we designed unique functionality to support these needs into our solutions. As proved by our Design Wins success, the industry recognizes the need, and understands that our products are the answer.
"As such, we believe we are positioned to emerge as the leading player of this emerging market. In the year ahead, we will continue to 'mine' the Design Win base, and expand the platform with additional Design Wins. With unique products that fit the need of growing markets, we feel well-positioned and are working to achieve our full potential."
By the way, guys, oil stocks will be correcting, imo. I am staying away for a short while.
1st quarter of 2005 is already in. Results should be posted sometime this month.
ELTK is rangebound right now. It's 'rolling'! Profits profits profits on them rolls!!!
beanie..
u r doing a good job...it would be great if you could suggest us rate to enter and rate to exit for the stocks u r picking...and ofcourse as early as possible in begining of day...as you rightly entioned...most of the time stocks already running high before u cud post it here :-)
Good Job
Beanie,
VEXP is a junk. What do you think has happened today in a hindsight. Are big players involved?
What have we learned from today's run?
Thanks.
-Alan
At first glance, it appeared to be junk. But almost 7 million shares traded on VEXP! It seems Putnam (per their filing) now owns over 70% of the company. The float is about 120k, although i don't know what the outstanding is.
VEXP did a reverse 1 for 50 split relatively recently, per their filing.
Traders are bidding it up because of Putnam. But from where i sit, VEXP is still unprofitable. Maybe people reall do know something we don't.
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