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There was a new BLOG entry
this week on American Water Star (AMEX: AMW) last week. The
stock has finally reopened for trading, and somehow managed to maintain
its AMEX listing. It has traded between $.25 and $.30 since reopening,
which is semi miraculous as compared to where it could be. Considering
the condition of the company, not a terrible haircut from when it was halted
for trading about 2 1/2 months ago.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG will scroll down automatically on the right side of your
screen. The most current journal entries appear in the middle of your screen.
Check back frequently for updates particularly when stocks are moving to
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question multiple times. I personally go through to moderate and respond
to every question.
(OTC BB: NWKI) Delivers Big Contract in Summer Doldrums
We are in the heart of the summer
doldrums for small stocks. It could go on for some time. I'm seeing a few
stocks show some life, but on the whole the micros tend to drift down on
light volume throughout the summer months as individual investors turn
their attention to leisure pastimes.
In the nearly 20 years of involvement
with microcap stocks I cannot remember a raging bull market in the summer.
Looking back on the first half of the year, my only regret is not publishing
2nd edition earlier wherein I suggested all traders sell all microcaps.
If you are a long term investor you simply have to put up with depressed
values in the off season.
On the plus side, those who are around
and paying attention can swoop in a pick up some outstanding bargains.
A little historical perspective is in order.
In 2004 most microcap stocks got
clobbered in May and June. Someone let the air out of the balloon. The
fear driven '04 sell off was fueled by uncertainty surrounding the Presidential
Election and the possible negative consequences of war in Iraq. By mid
August Chicken Little realized the sky was not falling, and the market
delivered its highly predictable second half rally.
This year fear centers around sky
high oil prices and rising interest rates. The '05 sell off was skewed
a month or two earlier than the '04 sell off. As we are nearing the end
of the cycle, it's time to start looking at some bargains.
NetWork Installation was out
with news before the market opened today. The company announced the single
largest contract in its history. The Poway school district in Southern
California has awarded them a $1.1 million contract.
This is welcome news for shareholders
who have been clobbered on this one over the past four months.
If it's deja vu all over again for
in 2005 investors should take a hard look at the chart. The 2004 high for
the stock was $2.75 pegged on 4/26/04. The low occurred four months
later on 8/9/04 at $.84.
This year's high was $2.165 set on
1/28/05, a couple of months earlier than the '04 high. We could be setting
the low right now- four months later.
Investors should also take note of
what happened to the stock after the August low in '04. If you had the
courage to buy at the low, five months later you notched a cool 157%
return on your investment.
Today the company announced the largest
contract in its history. However, I don't believe organic growth will be
the big driver of this one. CEO Jeff Hultman has a history of clever mergers
and acquisitions in his former role as CEO of Pac Tel. Sooner or later
there will be some major growth driver, and it will come in a major development.
Attention K Mart shoppers- NWKI
is today's special bargain. History suggests now is the time. Look for
a repeat of the '04 performance. This is the time when you stand to make
the most money because this is the time most people won't act because they
aren't paying attention or are fearful. Fortune Favors the Bold.
Here is today's news release for
|Press Release Source:
Network Installation Corp.
Awarded Record $1.1 Million IT Project; Largest in Company History
Wednesday July 6, 6:48
IRVINE, Calif., July
6 /PRNewswire-FirstCall/ -- Network Installation Corp. (OTC Bulletin Board:
NWKI - News) an IT and communications solutions provider, today announced
that it was awarded a record $1.1 million five year IT project from the
Poway Unified School District (PUSD). This project supplements the project
awarded from PUSD announced on June 28, 2005.
CEO Jeffrey R. Hultman stated, "The significance of this project cannot
be overstated. It is clearly a direct result of the current initiatives
and sales strategy implemented by the new Network Installation team. Our
competencies in the K-12 market are second to none and we now look to take
our expertise and focus on projects of similar size and scope in other
He added, "Our current
backlog of projects remains robust and fundamentally we have never been
better positioned to accelerate our growth. Approximately $6 billion will
be spent this year on IT related projects by K-12 and we plan to have our
fair share of that pie."
About Network Installation
Corp. provides communications and IT solutions to the Fortune 1000, Government
Agencies, Municipalities, K-12, Universities and Multiple Property Owners.
These solutions include the design, installation and deployment of data,
voice and video networks as well as wireless networks including Wi-Fi applications
and integrated telecommunications solutions including Voice over Internet
Protocol (VoIP) applications. To find out more about Network Installation
Corp. (OTC Bulletin Board: NWKI - News), visit our corporate website at
www.networkinstallationcorp.net. The Company's public financial information
and filings can be viewed at www.sec.gov.
This release contains
forward-looking statements, including, without limitation, statements concerning
our business and possible or assumed future results of operations. Our
actual results could differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a going
concern, adverse economic changes affecting markets we serve; competition
in our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer acceptance
of wireless networks or difficulties related to our integration of the
businesses we may acquire; and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking statements
are reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity, performance
or achievements may not meet these expectations. We do not intend to update
any of the forward-looking statements after the date of this document to
conform these statements to actual results or to changes in our expectations,
except as required by law.
For further information,
please contact: Michael Novielli, Chairman,
Corp., firstname.lastname@example.org, ph
Source: Network Installation
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