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PRGX

Started by cc1120, November 28, 2005, 01:11:35 PM

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cc1120

Prgx no BK back to $1 dollar.

gmarc66

This is the n/r this am that caused the stir.

Any price targets? Is $1 a reasonable short term target?

Any technical adive would be much appreciated...price is sitting just under .60 right now.

Thanks very much,

julia

cc1120

Hi Julia,
Prgx dropped from $3 to .24c in one month,it looks like a BK company for its debts and 3rd quarter big loss,and  Connell made a buyout offer for $3.43 a share in october but was rejected .following the S&P 600 small cap index replacing sells and Connell sells ,Prgx down to
31c on Friday. With today's news , once Prgx obtained financing ,it survived and wo'nt be delisting for Nasdaq. Prgx way oversold and will be quickly back to $1 range, and with the company's restructuring plan ,and California Medicare contract. Prgx should be trading to $3 dollar range in 06. I was lucky in  last week and cash out 80% profit this morning and adding more at dip.
Pls go to Stockconsultant com for tecnical analysis.

Good Luck.

cc1120
cc1120

Terliso

Whoo....HOO....!!!  I bought PRGX yesterday @ 0.55 cents because of that attractive big volume ...Volume almost the same yesterday & today... i  just sold @ 0.80.. 45.45% profit ;) happy trading guys ;)

cc1120

Prgx heading to $1 dollar level confirmed
Strong buy in the next 10 days, from Nov.28th 2005 to Dec.7th,2005

buyhigh.net recommend: strong buy

Good luck!

setravis

cc1120, I seen your message when you posted a question about it on the SIRI Thread.
Nice inquiry about it, nice pick Applaud you...... ;)

Nice going Terlisa jumping in there with a trade of your own. Applaud the trade!  ;)
But I was so busy with urgent matters that I had to get taken care, I did not get to join in.

Nice move for this after if fell like it did.Outstanding volume and a very nice % move on the price.  ;D  This thing just may gain some more.

Support @... 0.32...0.53
Resistance @... $1.49...1.84...2.20

Recent CandleStick Analysis
Bullish
Nov-25-2005 Bullish Harami 

Technicals
Record Volume.... ;D
Most Actives
Percentage Gainer...  ;D

Last Price Quote is:
85.29%above 13-day EMA ......  ;)
-40.96%below 50-day EMA
RS Rating: 1 

Fundamentals
Key Data:
Market Cap (M): $19.31 
P/E Ratio: NA 
PEG Ratio: -0.28 
Next Earnings: 03/09/2006
Last Analyst Rating: Sector Outperform .....  ;)
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

cc1120

Hi Setravis,
Thank you very much for your analysis on Prgx.
Good luck to all.

cc1120

Prgx up 25% pre market $1.07 volume 1007571
Great holder.

cc1120

Prgx 150% profit in 3days. ;D
swing trader should be exit this morning,take profit and buy back in a few days.
Good lock to all.

rurouni

Quote from: Terlisa on November 29, 2005, 02:26:35 PM
Whoo....HOO....!!!  I bought PRGX yesterday @ 0.55 cents because of that attractive big volume ...Volume almost the same yesterday & today... i  just sold @ 0.80.. 45.45% profit ;) happy trading guys ;)

Hi Terlisa,

How did you monitor intraday volume and how do you measure what is attractive or not (e.g. 10% higher than the stock's average daily volume? etc).

Thanks in advance.

cc1120

Prgx 8-K is out  after hours

Show all filings for PRG SCHULTZ INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for PRG SCHULTZ INTERNATIONAL INC


--------------------------------------------------------------------------------

30-Nov-2005

Entry into Material Agreement, Material Modifications, Financial St



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
In order to provide Blum Capital Partners, L.P. and its affiliates with the ability to increase their ownership of the registrant's outstanding 4 3/4% Convertible Subordinated Notes due 2006 without their violating the provisions of their Standstill Agreement with the registrant or becoming an "Acquiring Person" under the registrant's Shareholder Protection Rights Agreement, and as otherwise described below, on November 23, 2005, effective November 14, 2005, the registrant amended the Standstill Agreement, and on November 24, 2005, effective November 14, 2005, the registrant amended the Rights Agreement.

STANDSTILL AGREEMENT

1. The definition of "Voting Stock" contained in Section 1 of the Standstill Agreement has been amended to exclude the Convertible Notes.

2. The registrant's requirement to amend the Rights Plan contained in Section 2 of the Standstill Agreement has been revised to reflect the amendments described below as well as a previous amendment to the Rights Agreement providing that members of the ad hoc committee of the Convertible Noteholders would not be deemed to be Acquiring Persons under the Rights Agreement solely due to their membership on the committee. (See the registrant's Report on Form 8-K filed with the Securities and Exchange Commission on November 14, 2005).

3. The prohibitions on purchasing Voting Stock of the registrant contained in
Section 5 of the Standstill Agreement have been amended to exclude any shares acquired upon conversion of Convertible Notes.

4. The provisions of Section 7 of the Standstill Agreement, providing for suspension of the standstill provisions of Section 5, have been amended to add two new suspension events:

a. the public announcement by the registrant that it has accepted an offer from any party, other than one accepted and endorsed by the ad hoc committee of the holders of the registrant's Convertible Notes, for any business combination, sale or similar extraordinary transaction involving the registrant or all or substantially all of its assets; and

b. the filing by the registrant, or commencement against the registrant, of any petition for relief under Title 11 of the United States Code.

5. Section 8, regarding confidentiality, has been deleted. Blum Capital Partners, L.P. and its affiliates have agreed to be bound by the same confidentiality terms as all other members of the ad hoc committee.

RIGHTS AGREEMENT

Section 1.1 of the Rights Agreement has been revised to exclude any Convertible Notes (or shares acquired upon conversion thereof) acquired after the date of the amendment from the beneficial ownership of Blum Capital Partners, L.P. and its affiliates in determining whether or not they are an "Acquiring Person" under the Rights Agreement.

See Exhibits 4.1 and 99.1 hereto, the contents of which are incorporated by reference herein. The Rights Agent, Wachovia Bank, National Association, also serves as the Transfer Agent for the registrant's Common Stock. Blum Capital Partners, L.P. and certain of its affiliates are holders of the registrant's common stock and Convertible Notes, and they have the right to designate a member of the registrant's Board of Directors and to have an observer present at all Board meetings.





ITEM 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS.
Please see the disclosure set forth under Item 1.01, which is incorporated by reference into this Item 3.03.





ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.

(b) Pro Forma Financial Information.



     (c) Exhibits.

         Exhibit Number       Description
         --------------       -----------

               4.1            Fourth amendment to Shareholder  Protection Rights
                              Agreement,  dated as of November 14, 2005, between
                              Registrant  and  Rights  Agent,  entered  into  on
                              November 24, 2005.


               99.1           Amended and Restated Standstill  Agreement,  dated
                              as of November 14, 2005,  between  Registrant  and
                              Blum  Capital  Partners,  L.P.  and certain of its
                              affiliates, entered into on November 23, 2005.






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Quotes & Info for PRGX - All Recent SEC Filings 






setravis

Congratulations to all you happy traders, cc1120 ,rurouni,Terlisa, gmarc66,
I applaud you all !! Nice trade, way to do it...  ;) Get some !
High of the day $1.15, Low of the day 0.91, closed at the low of the day , traders must have taken profits.
Volume: 26,725,313 ....  ;D
Avg Vol (3m): 2,225,650

Support @ 0.33...0.65
Resistance @ $1.48...1.84...2.20

MACD is Bearish
Stochastic is Bearish

Technicals
Record Volume
Most Actives

Last Price Quote is:
72.76%above 13-day EMA
-37.24%below 50-day EMA
RS Rating: 1 

Fundamentals
Key Data:
Market Cap (M): $19.31 
P/E Ratio: NA 
PEG Ratio: -0.456 
Next Earnings: 03/09/2006
Last Analyst Rating: Sector Outperform

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

cc1120

Prgx in the next couple of days very bearish.

support at 72c first target to be back in,
support at 59c second target to be back in.

GLTA.


http://www.stockta.com/cgi-bin/analysis.pl?symb=PRGX&num1=1&cobrand=&mode=stock




cc1120


cc1120

Prgx this morning trading between 77c to 89c , I think that's the base there.

79 to 80c is still cheap for Prgx now,next week a lot of action for Prgx
I think its time to be back in today.
Per the lender agreement effective 3 December, the Lender can begin buying the stock. Based on their later $4.50 options they are going to want to buy big time beginning next week. We'll see on Monday.

GLTA
http://www.knobias.com/clipreport

California medicare contract

http://biz.yahoo.com/e/051109/prgx10-q.html