Found in Special situation Alert:
A $1.56 billion market, a CEO who has purchased over 1.5 million shares and continues to buy, sales for Q1 up over 18,000%, Q2 "is just going to blow away anything...ever accomplished before" and the large scale rollout of The SecureTime Biometric ID System is only starting.
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Janney Montgommery Scott have issued a report suggesting that the overall market for fingerprint recognition hardware and software is expected to grow to $1.56 billion from $344 million in 2004 a compound growth rate of over 35%. Through an aggressive marketing initiative and continued emphasis on customer services, Solutions Technology, Inc. - one of four wholly owned SoftNet Technology (OTC BB: STTC) subsidiaries - looks to increase their sales efforts in an effort to further penetrate and take advantage of this rapidly growing market.
Their product - The SecureTime System - is a biometric fingerprint reader that identifies employees when they enter and leave work. The system is also able to tie directly into time and attendance and payroll systems. The SecureTime System consists of two key components: stand-alone biometric terminals and a back office suite of software services that the Company manages. The terminals operate independently at each client's site and are synchronized via internal modem or Internet access. Each biometric terminal verifies identity while recording a time-stamped transaction. Customers see an immediate improvement in efficiency and a cost improvement over manual recording of time clock records. The system is currently being used in California and has proven its viability in the marketplace.
SoftNet Technology (OTCBB: STTC) is a software & technology company with four wholly owned subsidiaries each built on the same business principals: utilization of software and technology across different industries, effective and efficient management of information, quality service and personal care for business partners and consumers, client services designed to increase profitability, and business relationships that provide for a residual revenue stream. The Company's focus is on developing, acquiring, licensing and intermingling software and technology so end users can utilize information technology in the most efficient manner possible.
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Anybody agrees?
Oui. I missed the buy point I wanted on this. Wasn't looking. Good catch.
DOUBLE POTENTIAL , read , its up in germany, the text is in german , translate if you want ;)
http://www.smallcapscout.com/pdf/scs_050711wo.pdf
http://finance.yahoo.com/q/bc?s=TG6.F&t=1d ;)
active early..
+8.00%.....Volume @.....1,678,150
In my last post the chart was cut off, so I am posting a link to the STTC chart
as you can see a bullish kicking pattern was formed...this is a good thing
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=sttc&time=&freq=
Do yourself a favor and take the time to complete some DD on STTC
STTC thread is right here... ;)
Yes..I watched this one yesterday too...it looks nice. Ran past the g-spot then closed eod at the g-spot.
Will be watching to see if pps continues.
glta
Lovinlife....we do a search first on ticker symbol to see if their are any existing threads already on it before we start a new one. Next time please do a search so that we can keep all the info on one thread so as to make it efficient for everyone here. Also, please continue any posts u may want to add to this thread.
thanks very much
julia
On August 1st I brought STTC to this board. I still think that this little gem is going to perform well. they have just retired over a million dollars in debt and have increased revenues by 38% in Q2. The RSI is fairly strong at 64. 12 and the candles are lining up to point out a good buying opportunity. If the buying pressure continues on Monday...STTC should be a big gainer throughout next week
(http://img112.imageshack.us/img112/1907/scuq1.png)
Stock is looking very nice....keep it on watch.
glta
julia
STTC has been listed on Bill Panettas Power scan list and in checking a little further into the filings I see that the CEO has purchased stock in excess of 40 times over the last 2 years some as high as .24
http://finance.yahoo.com/q/it?s=STTC.OB
Search before you start threads on a stock.
You started not 1 but 2 threads on this stock. ???
When there was a thread that already existed....here
http://www.3stocksonfire.org/trading/index.php?topic=324.0
Here is the up an running thread.......
Quote from: setravis on August 06, 2006, 03:56:05 PM
Search before you start threads on a stock.
You started not 1 but 2 threads on this stock. ???
When there was a thread that already existed....here
http://www.3stocksonfire.org/trading/index.php?topic=324.0
My sentiments exactly Setravis.
Thanks Setraivs, I'm getting tired of all this constant repetition and inefficiencly we are having to deal with ::)...what is the big problem with understanding that it doesn't help anyone in creating new threads...just exhausts everyone and makes u not want to read up on the stock.
This thread should no longer be used, please use the original thread already started.
julia
merged...
Ramsburgh,Here is the other thread started.
STTC did a nice climb over the g-spot of .055. :)
Looks nice.
glta
julia
IMHO this is just the beginning for STTC... :o
This is a sweet looking chart
(http://www.uploadfile.info/uploads/2cde59db6f.png)
STTC has closed green 4 days in a row...Officers show great confidence in company...buying shares at .067 in the open market today.
The CEO personally bought $100,000 dollars in stock !!!!!
http://biz.yahoo.com/pz/060808/103507.html
He purchased stock in the open market over 40 times last year.
http://finance.yahoo.com/q/it?s=STTC.OB
Keeping my eye on this one. Today had a green day. Watchign to see if it pulls a 2nd G-pattern breakout. G-spot break is .091.
That after hour sell order at .071 x 30k, appears imo to be a mm a/h clearing. Bid and ask remains at .077 x .079.
Any other TA opinions always welcome and appreciated.
thanks
glta
julia