Friday, November 4, 2011
EMBA - Stock Posts Its 10th Consecutive Red Session
On October 24th EMBA opened the trading session at $.41 a share. That was day one of now a 10 trading day decline that has seen this stock lose 90% of its value. Today the stock closed at $.045 a share and looks poised, at some point to rebound. Obviously the trend is down right now, but finding the right spot to get in before the bounce can be a lucrative move.
What makes me think we are close to a bottom is the last three days has seen lower volume (less selling) and less price range (stabilization). Look at the volume and money flow when the stock was over $.20 and compare to where the stock is today. I think this bodes well for a bounce from current levels.
Also there is some potentially positive news due out between now and November 21st with Acer. Acer ranks number 2 in notebook and pc's globally (press release pasted below).
While nothing is ever certain in this market, 10 consectuive days of selling, the odds increase each day of a bounce.
Price/Date/Volume Data For EMBA
10/24/2011 0.41 0.41 0.32 0.34 1465835 1465835
10/25/2011 0.311 0.36 0.241 0.265 1403014 1403014
10/26/2011 0.263 0.263 0.1454 0.205 3011326 3011326
10/27/2011 0.21 0.21 0.14 0.155 1809419 1809419
10/28/2011 0.155 0.155 0.1 0.11 1191958 1191958
10/31/2011 0.109 0.114 0.0763 0.0798 1208521 1208521
11/1/2011 0.0797 0.08 0.051 0.061 2820038 2820038
11/2/2011 0.061 0.061 0.045 0.054 734449 734449
11/3/2011 0.051 0.06 0.041 0.05 1608812 1608812
11/4/2011 0.05 0.05 0.0411 0.045 911972 911972
ACER Negotiations Release from October:
eMamba International Corp. (EMBA) Provides Update on First Statement of Work (SOW) Negotiations with Acer Inc.
Discussions Cover Desktops, Laptops, Projectors and Monitors for the Acer, Gateway and eMachines Brands
SANTA FE SPRINGS, CALIFORNIA, Oct 21, 2011 (MARKETWIRE via COMTEX) -- eMamba International Corp. (PINK SHEETS: EMBA), an emerging provider of cloud-based business software and after-sales customer services, announced today an update on eMamba's negotiations with Acer Inc. regarding its first Statement of Work (SOW).
As reported on October 17, 2011, eMamba announced it has signed a Master Services Agreement with Acer. eMamba and Acer are currently involved in international business negotiations, which are expected to be finalized by no later than November 21, 2011.
The SOW discussions cover desktops, laptops, projectors and monitors for the Acer, Gateway and eMachines Brands.
Since its founding in 1976, Acer has achieved the goal of breaking the barriers between people and technology. Globally, Acer ranks No. 2 for total PCs and notebooks. A profitable and sustainable Channel Business Model is instrumental to the company's continuing growth, while its multi-brand approach effectively integrates Acer, Gateway, Packard Bell, and eMachines brands in worldwide markets. Acer strives to design environmentally friendly products and establish a green supply chain through collaboration with suppliers. Acer is proud to be a Worldwide Partner of the Olympic Movement, including the Vancouver 2010 Olympic Winter Games and London 2012 Olympic Games. The Acer Group employs 8,000 people worldwide. Revenues for 2010 reached US$19.9 billion. See www.acer-group.com for more information.