I've made several trades on this micro penny during the last months... This is a very technical penny, and buying near the support has proven to be a good strategy...
This time I'll give another shot, but for the «3 Pennies On Fire» Portfolio.
Profile:
Website: http://www.insynq.com/
Insynq, Inc. provides outsourced software application hosting and managed IT services. It offers server-based computing access and services to customers through its IQ Data Utility Service. The IQ Data Utility Service receives and transmits information in the form of images rather than data, requiring less bandwidth than traditional network configurations.
Overview:
This is a micro cap, with 250k of market cap and only 107M shares outstanding. This kind of stock usually moves very fast, especially on news... I'm buying this stock on a positive technical reaction on the support.
Trading Plan:
The risk / reward ratio is attractive, because I'm using the ascending support line as a stop level (on close). My primary target will be the $0.0045 price level, but if the trade goes really well I may consider a higher target.
Bought INSN.OB @ $0.0028 for the «3 Pennies On Fire» Portfolio.
(This recommendation was made by Frederick Ramsburg from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2863 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
Best regards,
INSN had a continuation advance on Friday, although volume was relatively low. This stock had 9 positive reactions on the support level in the last 3 months, which is a very bullish pattern.
This movement is still on development stage, let's wait...
Bad session for INSN, terribly low volume today...
Probably the stock needs another contact with the support before it has the strength for the big push...
Regards,
Today was another low volume session on INSN, with a small retest on the support zone.
This support is working great for the last 3 months, with a lot of contacts and positive reactions, I trust this technical level to hold the stock and give it some power for another take off.
Best regards,
Still looking for that base this morning. Keeping it on the watch list.
Made initial buy just now at .0025. ::)
It will be back up again and do not want to have to chase.
Hi Ramsburg
Liked what you had to say about INSN so I bought some.You said you're primary target will be .0045 unless the trade goes well and it will be higher.My problem is I don't get a lot of day time to watch the market so I use limit orders a lot.Do you think I should use limit orders because it seems when it increases it doesn't stay up for long and since I don't get to watch it that close,I might miss the run up.Also do you post or send out e-mail when you're about to sell and that way I can stay on top of it better.
life is good
wrangler 8)
Quote from: wrangler on August 27, 2005, 08:41:13 PM
Hi Ramsburg
Liked what you had to say about INSN so I bought some.You said you're primary target will be .0045 unless the trade goes well and it will be higher. My problem is I don't get a lot of day time to watch the market so I use limit orders a lot.Do you think I should use limit orders because it seems when it increases it doesn't stay up for long and since I don't get to watch it that close,I might miss the run up.Also do you post or send out e-mail when you're about to sell and that way I can stay on top of it better.
life is good
wrangler 8)
Hi wrangler,
Well... 0.0045 it's not a sure thing ;) It's only the plan...
In penny stocks, I always use limit orders, because it's very dangerous to use market orders (you never know), when I really want to buy, I use a limit order 1 or 2 ticks above the ask, and it acts like a market order...
I don't think you miss the run up, INSN is trading really low volume in the last 2 sessions, and I'm almost sure that it will be possible to get in in the 20's next week.
About the selling alert, we usually don't send an email with that, but we'll start sending selling alerts to our subscriptors («Honours Members»)
regards,
Quote from: fill_the_gap on August 25, 2005, 02:01:30 PM
Made initial buy just now at .0025. ::)
It will be back up again and do not want to have to chase.
You got a better price than us (0.0028) ;)
good luck !
The Ascending Support has worked once again during 3 straight sessions, and on Friday we got a little first upside reaction.
This is a bullish situation, but there's one thing missing: The Volume.
I'm looking forward to watch this week volume on INSN, because all other factors on this chart are pointing for a rally on this high speculative penny stock.
Best regards,
Some poor soul bought at .029 instead of .0029
Congrats if you sold him your shares for a 935% profit!
I'm sure it's his own fault for not paying more attention but man, that stinks for him!
Hi Ramsburg
Have replyed once to post asking about limit orders,thanks for you're reply.I've only been trying to learn stock trading about 1 1/2 years and found it's not easy.Told my wife one day I didn't think anything jumped up and down in price the way gas and cigarattes do till I started this and this is worse.
Anyway ,after reading you're reply about limit orders I put in limit order to sell at .0045 and seen where it spiked up to .029 for a short period today but they didn't sell.Why do you think it didn't happen.Need to learn as much as possible before I go broke.Hoping to learn something from 3stocksonfire.Best site i have found yet and I have tryed some and still try two to learn from but none has been as good as this.Keep up the good work.
wrangler 8)
Hi wrangler and 422fwhp,
That $0.029 spike was not «tradable»...
Sometimes its just an error on the quote stream, other times I believe that some «poor soul» was filled by the market maker at that very high price.
I can't tell you exactly the reason for this... but I can guarantee to you that you couldn't sell at $0.029 yesterday (but probably you could buy >:D)
We see a lot of high and low spikes on the OTCBB market.. just ignore it. ;)
best regards,
Another re-test on the support level.
¡¡¡¡¡¡¡¡¡ Crassshhhhhhhhhhh !!!!!!!!!!! >:(
Actually, maybe now is a good time to buy?
julia
Possibly, but if it closes below the support level then it is time to sell.
is this still a good pick? Down in the low .0020's!
Sold INSN @ $0.0020
Reason: Ascending Support Stop Loss
Quote from: Ramsburg on September 01, 2005, 12:09:24 PM
Sold INSN @ $0.0020
Reason: Ascending Support Stop Loss
So, my stock guru, what is your read for those not in the stock, but looking for entry point. Good point, or more downside still ?
Still falling. Currently .0018/.0019. Will remain on the sidelines for now.
Quote from: atalltexan on September 01, 2005, 12:16:40 PM
Quote from: Ramsburg on September 01, 2005, 12:09:24 PM
Sold INSN @ $0.0020
Reason: Ascending Support Stop Loss
So, my stock guru, what is your read for those not in the stock, but looking for entry point. Good point, or more downside still ?
Hi atalltexan,
I had a plan on INSN, the plan was an upside reaction on the support... That support was broken... So I can't recommend any position on this stock right now... It doesn't mean it will not go up on the future, but I can't find any reason to buy it right now.
best regards,
On the move.
Just bought. ;)
Held onto my shares instead of selling.Bought mine for .0024.Think it's going to go back up.
Here's some recent news on them,sounds good.Good luck
Press Release Source: InsynQ, Inc.
InsynQ's Appgen Accounting Software Is 'YES CERTIFIED' by Novell
Tuesday September 6, 6:00 am ET
TACOMA, WA--(MARKET WIRE)--Sep 6, 2005 -- InsynQ, Inc. (OTC BB:INSN.OB - News), a premier provider of Internet-delivered online accounting solutions, owner of Appgen Business Software, and a Novell Technology Partner, announced today that its Appgen MyBooks Professional 6.2 accounting application has successfully met Novell's stringent "YES CERTIFIED" certification requirements.
Huge volume today and crossed ove MACD line into bullish uptrend. Hope it keeps going.
Recent news
Press Release Source: InsynQ, Inc.
InsynQ Announces Always-On CRM
Monday November 21, 6:00 am ET
Incorporating Sugar Professional With InsynQ's Hosted Email and Accounting Solutions
TACOMA, WA--(MARKET WIRE)--Nov 21, 2005 -- InsynQ, Inc. (OTC BB:INSN.OB - News), a premier provider of application hosting services, online accounting solutions and services, and owners of Appgen Business Software, today announced a partnership with SugarCRM, Inc, the premier open source customer relationship management application provider.
Through the partnership, InsynQ will deliver Always-On CRM, a feature-rich, hosted CRM solution that will be served from InsynQ's on-demand application hosting infrastructure. Always-On CRM will be offered as a stand-alone web-based application or as a desktop application within InsynQ's Virtual Desktop service. InsynQ's Always-On CRM system is based upon SugarCRM's Sugar Professional Edition, which includes full sales management, marketing automation, customer support and reporting capabilities. InsynQ spent several years evaluating customer relationship management systems and technology before choosing to partner with SugarCRM. The partnership was formalized on November 1, 2005. InsynQ and Sugar CRM are both Novell Market Start Partners.
"Always-On CRM offers a broad range of features and functionality," says Joanie Mann, Executive Vice President of InsynQ. "For companies to get the most out of their CRM system, it needs to be integrated with other mission-critical applications. The InsynQ solution combines best-in-class CRM functionality with InsynQ's desktop hosting services, hosted accounting systems, productivity tools and messaging applications, providing an integrated solution set."
"Customers don't want to spend a lot of time and money integrating applications," says Karen Salay, Alliance Manager at SugarCRM. "The inclusion of Sugar Professional within the Always-On service model delivers a full set of business functionality so companies can spend fewer resources integrating technology and more time addressing the needs of their customers."
InsynQ demonstrates their ability to continually add value to their service model by introducing new, innovative and feature-rich applications and services through Always-On services (www.InsynQ.com) and through their e-Accounting business (www.CPAasp.com).
About InsynQ
InsynQ has been delivering outsourced software application hosting and managed IT services since 1997. InsynQ allows business customers to "turn on" their software applications and workstations instantly through any web-enabled computer, regardless of operating system. What's more, InsynQ subscribers can freely access their software and data from any computer, anywhere in the world. The company also offers IT and network integration consulting, multimedia development, a broad range of business application services, and infrastructure management services. For more information, visit us at www.insynq.com or call us at 253-284-2000.
Stock is up
Press Release Source: InsynQ, Inc.
Appgen Platinum Reseller PowerIntermodal Software Adopts ASP Model
Tuesday March 7, 6:00 am ET
Full-Featured Application Service for Intermodal Transport Market Is the First of Its Kind
TACOMA, WA--(MARKET WIRE)--Mar 7, 2006 -- InsynQ, Inc. (Other OTC:INSN.PK - News), a premier provider of online application services and owner of Appgen Business Software, announced today that PowerIntermodal Software, a Platinum-level Appgen developer partner, has recently launched the PowerIntermodal software-as-a-service, adopting the Always-ON technology model.
ADVERTISEMENT
The Internet-based service called Powerintermodal.net offers access to the PowerIntermodal suite of applications, combined with Appgen's core back-office accounting systems, as an online subscription-based service. This is the first entry of its kind for the intermodal software market. The ASP service has been deployed using Novell's SUSE Linux platform as the foundation operating environment, and with Appgen 4GL-developed applications comprising most of the application infrastructure.
Offering an ASP service in addition to the traditional licensed software gives PowerIntermodal the ability to expand their market reach beyond their current geographic boundaries. "The Appgen database is extremely stable and scalable across a wide variety of customer needs," says Carl Schultz, President of PowerIntermodal. "PowerIntermodal Software has deployed the Appgen product line to service customer needs that range from just a few users to several hundred concurrent users. Its architecture supports seamless remote access which is critical to the intermodal industry."
"InsynQ has significant experience with the ASP business model," said John Gorst, CEO of InsynQ. "By enabling our Appgen business partners and helping them orient their solutions towards a subscription-based model, we increase the reach and market potential of the applications."
About InsynQ
InsynQ has been delivering outsourced software application hosting and managed IT services since 1997. InsynQ allows business customers to "turn on" their software applications and workstations instantly through any web enabled computer, regardless of operating system. What's more, InsynQ subscribers can freely access their software and data from any computer, anywhere in the world. The company also offers IT and network integration consulting, multimedia development, a broad range of business application services, and infrastructure management services. For more information, visit us at www.insynq.com or call us at 253-284-2000.
Forward-Looking Statements
Forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Contact:
Mandy Maxwell
Marketing & Public Relations
Phone: (253) 284-2000, ext. 2061
Email: Email Contact
This might be worth a gamble.
InsynQ's Appgen Business Software will Sponsor the Novell BrainShare Global 2006 March 19-24
BrainShare is Novell's annual global technical event that showcases the newest computing technologies and innovations in the industry. Sponsors include major companies like HP and Dell. For InsynQ, this sponsorship opportunity will increase visibility and recognition as a valuable member of the Linux-based computing community, and provides a venue to showcase a variety of application services and solutions available for Linux platform users.
The Appgen Business Software line, which includes MyBooks Professional and the Custom Suite enterprise level accounting solutions, are YES certified by Novell and have proven performance in both Novell SUSE Linux and NetWare platforms. Appgen products run on various Linux distributions, as well as Windows and MAC OSX. Appgen's 4GL Development System was designed to run in a variety of Unix/Linux environments.
In addition to Appgen application products, InsynQ will introduce Always-ON CRM at BrainShare, an on-demand hosted customer relationship management system offering an extensive range of features and value-added functionality. SugarCRM, the original maker of the core CRM application, is also a Novell partner. Always-ON CRM is the newest addition to the InsynQ desktop application hosting service.
Hi margeri
Hope this does something for this stock. I've been holding this stock since 8-24-05 bought @.0024 waiting for it to do something and held because I think it may move big one of these day's. Decided to hold for the long term.
I've got two penny stocks I'm holding long term because they look to have good potentuial long term play's. INSN is one of them WTVN is the other mo-money brought up this one on elite's thread and the other I'll be looking to buy Monday it is NWLS.
Goodluck trading :)