CRGO.OB - any thoughts traders?

[higherstocks]

Sure Echos, but first I make sure you fo your own DD for sure before investing.  Remeber like I always say do not invest just because someone posts on a message board but this is here is some info on CRGO:

First off here is the website:  http://www.cargocon.com/

Cargo Connection Logistics Corp. was founded in 1996.

Cargo Connection Logistics Corp. began to develop a network of terminals and United States Bonded Container Freight Stations that have provided a variety of services to the International Freight Market.

Over the past 2 years we have continued to build our management team and grow our business. We have Container Freight Station operations in Jamaica, New York; Chicago, Illinois; Columbus, Ohio; Miami, Florida and Atlanta, Georgia. In addition to the Container Freight Station operations we have bonded truck facilities in Pittsburgh, Pennsylvania and Charlotte, North Carolina.

With our facilities and personnel in place, we are strategically ready to handle every major International Gateway, East of the Mississippi. Cargo Connection Logistics Corp. runs LTL service between our Gateway Cities, and Truckloads anywhere in North America.

Our plans for expansion include bringing other airfreight companies into our network as agents and ultimately blanketing the United States. These companies would get the benefit of a state of the art computer system, volume buying, and national account management. With our current business model in place we anticipate just under 20 million dollars in sales in 2005 and an increase of 25% in 2006.


AIR EXPEDITED TRUCKING SERVICE
A well organized controlled truck service to provide scheduled service for all Airlines from gateway to door or door to gateway. In most cases packages picked up or delivered to any station in our system will be delivered to any of our stations by the following day.

OCEAN AND RAILHEAD PICKUPS
A well developed service designed around an air and expedited service to give our customers the advantages of shipping air while paying for ocean service. This service is available for full containers or LCL from either the railheads or the ocean ports.

EXPEDITED TRUCKING
Through the use of our own equipment, as well a great brokerage department, our company is able to provide dedicated and dependable service to or from any point in North America, including Canada and Mexico.

CONTAINER FREIGHT STATION OPERATIONS
Through our CFS we are able to receive international shipments (air or ocean) and de-containerize them before they clear United States Customs, while providing different levels of warehouse and distribution services. This service is currently available in JFK (New York), CMH (Columbus), MIA (Miami), ORD (Chicago) and ATL (Atlanta).

BREAK-BULK DISTRIBUTION SERVICE
Each of our terminals are able to receive large shipments or trailer loads to be broken down and re-shipped to multiple destinations, either cleared or inbond.

SERVICES PROVIDED:

LTL SERVICE FROM AIRPORT TO AIRPORT
LTL SERVICE FROM AIRPORT TO DOOR
LTL SERVICE FROM DOOR TO AIRPORT
TRUCK LOAD SERVICE TO ANYWHERE IN NORTH AMERICA
SPECIALIZED EQUIPMENT (FLATBEDS, DROPDECKS, ROLLERBEDS, ETC)
NEXT DAY SERVICE TO MOST DESTINATIONS
24 HOUR A DAY, 7 DAY A WEEK AVAILABILITY
ACCURATE COMPUTERIZED TRACKING & TRACING
ELECTRONIC DATA INTERCHANGE (EDI) CAPABILITIES
LOCAL CUSTOMER SERVICE DEPARTMENTS
KNOWLEDGEABLE COURTEOUS CUSTOMER SERVICE AGENTS
FLEXIBLE BILLING OPTIONS
LOW CLAIM RATIO
CONTAINER FREIGHT STATION OPERATIONS
INTERMODEL DEPARTMENT FOR BOTH LCL AND FULL OCEAN CONTAINERS.
HIGH VALUE CARGO INSURANCE AVAILABLE

That is some info on what the company does if you go to the website you can get some more info like PR's from the company.  This week I will be contacting the company to find out more.

[higherstocks]

Yes you are right johnathanchill  the post is in the 3stockonfire though not in pennystock picks.  This was a play I believe Ramburg was making about a month ago about a penny stock he believed was on fire at that time.  Maybe Ramsburg can give us an update Technically about it now.  Ramsburg what expert TA can you give us?     Thx

[eduardvs]

Watch out with this though, the gas prices may have a large impact on transportation service related stocks.

[AussieTrader]

Hey guys, I am holding CRGO as I can see that once the 'news' about the change in business direction (from beverage to Logistics) filters to the bottom line (i.e. profits, or should i say improved financial performance) then there is tremendous upside potential for this penny to move towards. Right now this company is valued on its historical position (which was pretty crappy) but now it is in a sense a completely different organisation (but with no financial track record as it was a privately held company). Currently it has a $750K market cap on 50M shares. Which is puny in relation to its new business model. Now ther problem is going to be when and if the market decides that CRGO is undervalued, so the CEO and CFO need to keep broadcasting the messages and the financial reports need to show bottom line results. Sometimes companies DO NOT achieve correct market valuation (which is conversly true to those companies that achieve hyper over market valuation) in line with their business so this is still a penny risk but one with huge risk reward as far as I can see.
Here is a chart with my current view on it

[Ramsburg]

Yes you are right johnathanchill  the post is in the 3stockonfire though not in pennystock picks.  This was a play I believe Ramburg was making about a month ago about a penny stock he believed was on fire at that time.  Maybe Ramsburg can give us an update Technically about it now.  Ramsburg what expert TA can you give us?     Thx

Hi higherstocks,

I've sold CRGO @ $0.015 with a big loss for our penny portfolio. The reason I sold was just one:
Discipline

I've bought CRGO because it had a nice technical setup, and it was almost breaking a big resistance level... Stock went down, and so the reason why I bought it... So the right thing to do was to sell it according to my trading plan (stop @ 0.015).

That doesn't mean that CRGO wont go up again...

Right now, CRGO is very oversold, and it's possible that we watch a nice move... But the technical setup its not on my target right now.

I wish good luck to all holders !

best regards,

[higherstocks]

Thx Ramsburg and Aussie for the input on the stock!

[higherstocks]

Forming a nice little hammer in the last half-hour.  poised for a big gain. imo

[52 windsor deluxe]

moving up now.....up 25%.....MAYBE I SHOULD ADD TO MY POSITION

[higherstocks]

Hurricane play.  May be big next week watch it.   

[gmarc66]

Unfortunaley I ams till in this stock from the original posts on this stock when 3SF had it in their portfolio...should have sold it when I had the chance....I bought it at .024...so I hope its heading up there again.

good luck everyone!

julia

[higherstocks]

Hey Julia stick around I am I think we could see a run to ten cents in the short coming.

[Stocky2000]

 

[gmarc66]

Hi Higherstocks!

Ok...that would be nice!  Let's hope this time it rockets...I've had enough it's silly games already

goodluck

julia

[higherstocks]

Hey Julia I think this will turn around.  This took a splash because of the airliners tanking on the bancruptcy news.  That is over with and we should see this turn around.

[setravis]

Active early in the day
+ 32.53%........Volume @..........2,669,000