Penny Pick: EPYH.OB

[Loffigus]

On the move -- News is out.

[Loffigus]

Empyrean Holdings Inc. to Begin $20 Million Residential Construction Plan
Wednesday June 29, 12:30 pm ET


HOUSTON--(BUSINESS WIRE)--June 29, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News), a national real estate holding firm, has announced that it has initiated a plan to build over $20 million of new California residential construction with its partner, United Construction Group. These developments will include both single-family homes and multi-family apartment buildings in some of the hottest markets in the state including Monterey County, Santa Barbara County and Imperial County.
CEO Robert L. Lee stated, "We are very excited about the prospects associated with these developments. Some of the properties in these areas have appreciated by 30% last year and in one area there is an 8-month waiting list for a new home. Once again we would like to thank United Construction Group for the opportunity to invest in their quality developments and we are confident that our shareholders will be thrilled with the returns."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected resul

[eagerlearner]

here we go again, another investment plan pushing the stock to climb up.
EPYH almost had PR everyday last 2 weeks ! everytime there is investment plan out , it goes up , and it goes down on everything else.
On Jun 6 The company announced it targets for 50 mil by the end of the year, and by the end of this month, they have announced 38 mil already!
why in such a hurry? make me wonder a bit.
what do u think?

• Empyrean Holdings Inc. to Begin $20 Million Residential Construction Plan
Business Wire (Wed 12:30pm) 
• EMPYREAN HOLDINGS, INC Files SEC form 8-K/A, Financial Statements and Exhibits
EDGAR Online (Mon, Jun 27) 
• Empyrean Holdings Inc. Increases Stock Buy Back Plan to $1 Million
Business Wire (Fri, Jun 24) 
• Empyrean Holdings to Joint Venture with Florida Real Estate Firm
Business Wire (Thu, Jun 23) 
• Empyrean Holdings Plans $3 Million Lake of the Ozarks Development
Business Wire (Wed, Jun 22) 
• Empyrean Holdings Inc. to Invest $10 Million in Southern California
Business Wire (Tue, Jun 21) 
• Empyrean Holdings Inc. to Spin Off Real Estate Development and Property Management Operations
Business Wire (Mon, Jun 20) 
• Empyrean Holdings Inc. to Invest $5 Million in Commercial/Retail Properties in Wisconsin
Business Wire (Thu, Jun 16) 
• Empyrean Holdings Inc. Initiates $500,000 Stock Buy Back Plan
Business Wire (Wed, Jun 15) 
• Empyrean Holdings Inc. Targets $50 Million by Year End

[eliteG]

thats an amazing move today... if it can end strong this is almost a definate gapper tomorrow, imo.      

[golfqtee]

I agree!  The news is GREAT!  When David picked this one, he seemed to think it has a lot of potential.  I'm thinking he was 100% right!!

[Loffigus]

I've been holding this since$.028 avg price.  So i was pretty deep underwater for a few days, but today turned it all around.

I had to sell off 1/2 my position at $.034 just because I didn't like being so exposed on one stock (I invested too much % of my overall into this stock) so naturally when I recovered my loss and made a profit I decreased my position.  I still believe this stock is undervalued with all the things they are doing this year.  I think $.10 could still be a viable price.

This stock may be worth hanging on to for a while.

[eliteG]

I dont know I think this is a sure liftoff now.  If this actually opens tomorrow within 10% of its closed price today I would be very surprised.

[invol_inlf]

I'll keep watching it, but had to go to a funeral so sold it when I saw the top of  "Eight New Price Lines" at .0345. ( Morris, Candlestick Charting Explained p. 199)  Not bad for a 3 sessions trade, was in at  .022.

[David Randolph]

I'm sorry I wasn't able to update this penny stock pick, I got some private messages. I've sold it at $0.025 on a trailing stop loss thing (didn't want to let a profit turn into a loss), but bought it back yesterday, since I believe the story behind the move and the stock started running away with the bulls again.

I'm not willing to update this picks I make in the other boards everyday, so what you can do is check my reasoning for buying (I always have one) and see if it still stands. In this case it did, the stock made a profit taking pullback to previous support around $0.017 and it run up again.

The news flow is very positive indeed and the market cap is much less than the company is investing in real estate.

But do your own DD, I have just a very small stake and don't have much time, good trades for everyone !

[eliteG]

I dont know I think this is a sure liftoff now.  If this actually opens tomorrow within 10% of its closed price today I would be very surprised.

hmm, surprised it didnt run...but the day aint done yet 

[Loffigus]

Kinda wish I had not sold half my stake yesterday at $.034 now 

[eliteG]

but you cant be unhappy about it being up 33% woohoo 

[AussieTrader]

Watched thie mornings reversal on news but didn't buy as kept running past my limit. Good Luck

[la-onda]

nice start in the moring


any price targets from your side?

[Ramsburg]

Great move, this is also a breakout buying signal, the volume is good, and it may start another high flight

Buying some more, to support the move !