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StockTechs.com Tech Alert" 21st Century Technologies (OTCBB: TFCT)
StockTechs issues alerts based on technical analysis and is a free service
(PRWEB) May 18, 2004 --StockTechs.com is pleased to announce its first Tech Alert" for its official site launch, 21st Century Technologies, traded on the OTCBB under the symbol TFCT.
The stock has been trading in a range for a few months now, and is on the verge of a technical reversal, which should coincide with the release of positive financial reports, and the site launch of a new subsidiary.
After hitting an all time low in February of this year, TFCT has formed a triple bottom which is a good sign of a reversal. The MACD has been climbing during this period, and is about to cross the signal line any day now. On Friday of last week, TFCT closed above its 50 day moving average, which is also a sign of a move north, and its RSI has remained above 50. The stocks slow stochastics are still showing that the stock is oversold measuring under 50 and moving up. Given these technical indicators, StockTechs believes there will be short term gains in the near future.
Two Events which are likely to have a positive impact on the stocks price:
First Quarter Earnings Report:
21ST CENTURY WILL REPORT SUBSTANTIAL INCREASE IN ASSETS:
Alvin L. Dahl, the Chief Financial Officer of 21st Century Technologies, Inc. (OTC:BB TFCT.OB) has reported to management that the Company's 10-Q, which will be timely filed, will report a 526% increase in assets over the same quarter in 2003 and an increase of 15% compared to year end 2003.
"This will be our second straight quarterly increase," stated Mr. Dahl. "It fulfills earlier predictions of profitable operations and increasing shareholder value due to the net increase in Stockholders' Equity of $734,871 after BDC adjustments. Total assets of $15,451,009 for March 31, 2004 versus $2,466,682 for the same period in 2003 and $13,489,476 at year end 2003. Net income for the period will be reported as $734,871 versus a loss of $267,407 for the same period in 2003. Shareholders' Equity has increased from $675,962 in March of 2003 to $13,544,774 for the same period in 2004. Shareholders can look forward to continued profitable operations as the Company continues to execute its business plan as a Business Development Company."
May 21st, 2004 PrizeWise.com site Launch:
PrizeWise introduces a unique new method of buying and selling products. PrizeWise users post items for sale online, and other users attempt to win those items in random drawings organized as sweepstakes. PrizeWise has patents pending on the process, and will launch on May 21, 2004.
Become a user today and begin winning and selling items in our online trading platform! Items posted now will be available for others on our launch date.
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