StockFetcher Forums · General Discussion · Read This!<< >>Post Follow-up
txtrapper
548 posts
msg #29908
Ignore txtrapper
11/17/2003 7:47:34 PM

I am sure most of you are familiar with pennycents.com. It's a new search engine to find recent insider trades. I am a registered member and want to share something with my fellow SF'ers.

I read somewhere on pennycents site that a recent ruling has insiders reporting their trades within 24 hours now. On todays scan, $.10 to $5.00 @ 7 days scan, I noticed an insider bought 307,206 shares of ALCI.OB @ $2.75 on 11/12/2003 last Wednesday, and this is a very large transaction, however, the stock has been flatlining;

check Yahoo.com for a confirmation of this: http://finance.yahoo.com/q/it?s=ALCI.OB

News confirms the trade: http://biz.yahoo.com/t/84/689.html

Then look at a 3 year/weekly chart at Prophet.net using Java Charts, very interesting.

This stock is flatlining and today the market was mostly red, but it held it's ground, I was first introduced to pennycents.com thru a post by theholygrail in one of his posts here on SF. Question is what do all of you think about this stock, is this a golden opportunity or another way to lose money? All input would be appreaciated, you got to think about this for a minute, why would an investment company "Leucadia National Corporation" recently invest $844,816 in a stock?

I want everyone to know that I am not suggesting buying this stock, I am looking for answers myself, but it seems like a lot better investment than buying dying dogs like FAOO and DCUT recently. Maybe Avery, Zuber or Mika or any senior members will share their thoughts on this matter, all input is welcome. As for me personally I am going to pick up a few shares of ALCI.OB tomorrow and cross my fingers. I think this is a sit and wait a week or so type trade and then boom the stock shoots up a dollar or more, I hope! Or it may be better to wait for a confirmation, let's see what others have to say.

Happy Trades,

tx


txtrapper
548 posts
msg #29909
Ignore txtrapper
11/17/2003 8:52:14 PM

Here's some more "Insider Purchases";

11/12 10,000 shares of MEM @ $0.86
11/12 9,061 shares of NOVA @ $2.09
11/11 50,000 shares of ICGE @ $0.4159
11/11 30,000 shares of LQID @ $0.323
11/14 15,000 shares of PTA @ $1.69

tx


mika
131 posts
msg #29913
Ignore mika
11/17/2003 10:02:01 PM

tx,

Add these to your chart settings:

Draw Darvas Box
Draw MACD(2,7,4)
Draw Bollinger Oscillator(10,5)
Draw TDREI(5)
Draw CMO(7,3)
Draw Parabolic SAR(0.08,0.2)
Draw Linear Regression Channel(60,1.5,2)
Draw Bollinger Bands(20,2)
Draw Fibonacci up(65) and Draw Fibonacci Down(65)


You'll be able to draw your own conclusions from there. LOL




EWZuber
1,373 posts
msg #29915
Ignore EWZuber
11/17/2003 10:55:36 PM

Can't get ALCI or ALCI.OB to work on any charts.


TheRumpledOne
6,358 posts
msg #29929
Ignore TheRumpledOne
11/18/2003 11:22:25 AM

ALCI

works on www.prophet.net

comes up as Allcity insurance at $2.70

no volume though!


StockFetcher Forums · General Discussion · Read This!<< >>Post Follow-up

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