Penny Pick: EPYH.OB

[Loffigus]

I think this stock will run eventually.  The question is when.  I am not sure what more it is going to take to send this stock upward. 

I am thinking that perhaps the CEO is announcing things he plans to do, and maybe until they actually seal the deals (secure financing), the stock is going to hold around these levels.

Once actual financing happens, then we should have a reason to get the upward trend going.

If I had to guess, they should secure financing over the next few months, and then this stock should trade up around $0.25 or better.

[vic666]

EPYH making a late day surge after bouncing several times of 0.0305 (yesterday and today's low)

[Loffigus]

 

That was a dissapointing rally.

[stocky]

There seems to be big buy order near .0305. If its real then this is the bottom. If fake then I am assuming more down side. Still undecided on entering at the current level 

[cumulina]

Well, stocky...

If you buy at this level, you'll be 23% ahead of me!

I bought at 0.05 

Cheers.

[Loffigus]

I have traded in and out of this stock several times.  Overall I may have made a small profit doing so, but probably been better off just to hold the shares I originally bought at $.023

I did sell off some at $.0525 and again at $.047
Rebought my position position at $.0315 Friday, now I am ready for it to run.

This may be a stock that you could beneift from averaging down with, because I think it is inevitable that we will move up from here.  $120 million investment from a $3M market cap company???  Something's gotta give.

Despite the day-to-day movements being volitile, we are in an uptrend. 

[vic666]

the uptrend line in your chart seems to have held yesterday, and so did the bottom of 0.0305 (2 days in a row). this stock is being held at these levels for a reason....I predict resumption of the uptrend based on the chart and the testing of 0.0305 twice in 2 days but holding strong at that level.

no doubt the company has to find ways to finance itself, and sometimes it could be thru' stock options, but the bottom line is the future potential of the company thru' its investments in real estate in florida...this is severely undervaled at this time.

[stocky]

Seems like I have to watch this one for entering a full position [that I have rarely done with OBs and one should never do with PKs] on Monday.

[vic666]

good luck with your entry! this should hold 0.03 monday and move forward back to testing the 0.05 highs.

[la-onda]

any comments on todays proce action?

Empyrean Holdings, Inc. Partners With United Construction Group on Proposed $70 Million Orlando Development
Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company announced today that it has partnered with United Construction Group (UCG), a national construction management company, to manage the proposed construction on Empyrean's most recent project in Orlando, Florida. Empyrean is currently designing a large timeshare condominium project for the location and estimates the total project cost to be approximately $70 million.

Empyrean and UCG have pre-existing relationships in place for developments in California, Missouri and Wisconsin and management has determined that UCG would be the best candidate to direct construction on its project in Florida as well. So far this year, Empyrean has established a development portfolio totaling $120 million of very high quality real estate developments in four states and is currently moving through the planning and construction stages of these projects.

CEO Robert L. Lee highlighted, "We are growing very rapidly but we have a clear and concise understanding of our goals and a very well-defined path to achieve them. We believe that the experience of our management partners will allow us to manage our risk and expand the assets of our company in a very cost effective manner. UCG management has directed some of the largest construction projects in the country and we appreciate the opportunity to work with them on these absolutely phenomenal developments."

[Loffigus]

I don't think the news was anything people didn't already know from previous press releases.
But the price seems to be holding at $.03, and I think it is going to trend upward from here.

I don't think there is much downside though based on what the company is doing -- perhaps short term downside because of the 300% run up in the past couple weeks, but overall this stock should be set to make new highs.

[la-onda]

 
Empyrean Holdings, Inc. Declares Stock Dividend

Tuesday , July 12, 2005 09:25 ET

HOUSTON, Jul 12, 2005 (BUSINESS WIRE) --Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company, is pleased to announce that management has made the decision to declare a stock dividend of its common stock for shareholders of record as of August 15, 2005.

This is an independent stock dividend to be made to shareholders as a reward for their loyalty and support during this period of rapid development for the company. The rate of shares to be authorized for this dividend will be announced within two weeks.

CEO Robert L. Lee explained, "Our shareholders are critical to our success and we recognize that we must have their long-term support to achieve our goals. We want to establish proper precedents early in our corporate redevelopment process that will establish our integrity, determination, and loyalty to our shareholders. We are committed to making this company one of those few success stories that the investment community will be talking about for years to come. We have a clear and defined path that we expect will take us to NASDAQ and will demonstrate our dedication to our shareholders and creating value."

[Loffigus]

Do penny stocks typically give dividends?

[nutsterrt]

I once heard of a tobacco penny who gave their investors cigarettes as a dividend...does that count? 

[nutsterrt]

Not to bring this one up again, but I think something fairly interesting is happening...a lot of support seems to be present at 0.03 for this penny...any thoughts on an upward shot from here?