Yeah, we got a registered seller on our hands. Lame. I got some .2111s today, lol ... only 2700. Bought 6k at .27, 3k at .32 and will have more bids out there tomorrow. Finish him out and we dont have any other sellers under .45. Guess we just gotta churn thru his shares and make him sell to us on the bid, that's the only way to make those suckers learn not to sell so heavily when we're trading sideways.
Book value of .80 ... I fully expect it to at least be this high later this year. Be thankful for the cheapies, I am
CCME
Looks like a Triangle to me ... even though I cant draw for sh!t, lol. Also notice the institutions, MMs, and retail are all diving in now not wanting to be out going into earnings. Looks like the new up-trend is about to start:
Technicals are confirming this as well:
http://stockcharts.com/c-sc/sc?chart=ccme,uu[w,a]dhcly[db][pb2!b5!d20,2][iut!uo8!ub5!ua5,15,10!uv8!lk9!ll5!lc15!up5,5][j20444984,y]&r=3555
First time the MMs have had positive inventory since the big run in January. @)
Looks like a Triangle to me ... even though I cant draw for sh!t, lol. Also notice the institutions, MMs, and retail are all diving in now not wanting to be out going into earnings. Looks like the new up-trend is about to start:
Technicals are confirming this as well:
http://stockcharts.com/c-sc/sc?chart=ccme,uu[w,a]dhcly[db][pb2!b5!d20,2][iut!uo8!ub5!ua5,15,10!uv8!lk9!ll5!lc15!up5,5][j20444984,y]&r=3555
First time the MMs have had positive inventory since the big run in January. @)
CCME NEWS
China MediaExpress Holdings, Inc. Announces an Addition of 124 Express Buses in Its Existing Network
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: CCME) (“CME” or “Company”) today announced that it has signed a framework agreement with an advertising agency in Shenzhen to purchase the exclusive right to operate television screens on express buses originating from the city of Shenzhen. This agreement is for a period of three years which commenced on March 1, 2010, and grants the Company the right to provide television programming and advertisements on 124 express buses managed by several bus operators in Shenzhen. According to the framework agreement, CME will pay a monthly concession fee to the bus operator over the term of the contract in addition to a one-time fee of RMB 50,000 (approximately $7,400) per bus for the acquisition of the operating right.
Shenzhen has rapidly grown since the late-1970's to become one of China’s major financial centers and home of the Shenzhen Stock Exchange. The city is the headquarters of numerous high-tech companies and is the second busiest port in mainland China, after Shanghai. The city of Shenzhen has a large number of transplants from all over China who often travel to their home cities. In addition, the city is known for its youthful and highly educated population; the average age is under 30 and over 20% of China's PhDs work in Shenzhen.
Zheng Cheng, CME’s Founder and CEO, noted, “With this contract, our network now encompasses of 49 bus operators and we further expanded our geographic coverage. Furthermore, this agreement comes on the heels of our contract with the organizers of the Asian Games in the city of Guangzhou, which is located approximately 60 miles from Shenzhen. We are confident that advertisers will continue to view our success as a great platform for promoting their products and services.”
Looks like they're spending some of that $100M and putting it to good use. Up big in pre-market. Broke out of the ascending triangle now, no stopping it.
China MediaExpress Holdings, Inc. Announces an Addition of 124 Express Buses in Its Existing Network
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: CCME) (“CME” or “Company”) today announced that it has signed a framework agreement with an advertising agency in Shenzhen to purchase the exclusive right to operate television screens on express buses originating from the city of Shenzhen. This agreement is for a period of three years which commenced on March 1, 2010, and grants the Company the right to provide television programming and advertisements on 124 express buses managed by several bus operators in Shenzhen. According to the framework agreement, CME will pay a monthly concession fee to the bus operator over the term of the contract in addition to a one-time fee of RMB 50,000 (approximately $7,400) per bus for the acquisition of the operating right.
Shenzhen has rapidly grown since the late-1970's to become one of China’s major financial centers and home of the Shenzhen Stock Exchange. The city is the headquarters of numerous high-tech companies and is the second busiest port in mainland China, after Shanghai. The city of Shenzhen has a large number of transplants from all over China who often travel to their home cities. In addition, the city is known for its youthful and highly educated population; the average age is under 30 and over 20% of China's PhDs work in Shenzhen.
Zheng Cheng, CME’s Founder and CEO, noted, “With this contract, our network now encompasses of 49 bus operators and we further expanded our geographic coverage. Furthermore, this agreement comes on the heels of our contract with the organizers of the Asian Games in the city of Guangzhou, which is located approximately 60 miles from Shenzhen. We are confident that advertisers will continue to view our success as a great platform for promoting their products and services.”
Looks like they're spending some of that $100M and putting it to good use. Up big in pre-market. Broke out of the ascending triangle now, no stopping it.
More CCME News:
China MediaExpress Holdings, Inc. to Present at the Rodman & Renshaw Annual China Investment Conference on March 8th in Beijing, China
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: CCME (“CME” or “Company”), China’s largest television advertising operator on inter-city express buses, today announced that its Founder and CEO, Mr. Zheng Cheng and its CFO, Mr. Jacky Lam will be addressing institutional investors at the Rodman & Renshaw Annual China Investment Conference, on Monday, March 8, 2010 at 3:40 PM local time, at The Regent Beijing Hotel, in Beijing, China.
<!-- Article Related Media -->Investors will be able to access the live webcast of the presentation via the following link: http://www.wsw.com/webcast/rrshq16/ccme. Access to the site is public and the webcast will be available live and by replay one hour after the live webcast for approximately 90 days. The presentation will also be available on the CME’s website: www.cmechina.com.cn.
Get ready boys and girls ... CCME is about to be put on the map. Load up while you still can on the cheap and get that popcorn ready!
China MediaExpress Holdings, Inc. to Present at the Rodman & Renshaw Annual China Investment Conference on March 8th in Beijing, China
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: CCME (“CME” or “Company”), China’s largest television advertising operator on inter-city express buses, today announced that its Founder and CEO, Mr. Zheng Cheng and its CFO, Mr. Jacky Lam will be addressing institutional investors at the Rodman & Renshaw Annual China Investment Conference, on Monday, March 8, 2010 at 3:40 PM local time, at The Regent Beijing Hotel, in Beijing, China.
<!-- Article Related Media -->Investors will be able to access the live webcast of the presentation via the following link: http://www.wsw.com/webcast/rrshq16/ccme. Access to the site is public and the webcast will be available live and by replay one hour after the live webcast for approximately 90 days. The presentation will also be available on the CME’s website: www.cmechina.com.cn.
Get ready boys and girls ... CCME is about to be put on the map. Load up while you still can on the cheap and get that popcorn ready!
PUDA
Yep, loaded up at $5 as I didnt anticipate the secondary to be priced much lower than $4.50. Have flipped out of all my trading shares as of today and sticking with my core position now ... A pull-back is expected after running from $5 => $7.50 in about two weeks, lol.
$6.25 looks like reload point for the trading shares.
DJSP
Hey all, I got a few PMs and wanted to clarify a few things. Technically DJSP is not a Chinese micro-cap, it was a reverse merger with a Chinese company (Chardan China Acquisition Corp); However, DJSP operates in the US, not China. If you go back to my first two posts on DJSP, you'll see they largely operate in Florida but intend to expand nation-wide.
Also, just because it's up almost 10% from my recommendation, doesnt mean you've missed the boat. To tell you the truth, I actually added another 1500 today at $9.65. This stock is crazy cheap and I dont think it's time to take any profits. Of course the market could tank any day now and it'll likely take DJSP down at least .20, so pull-backs are to be expected with market volatility.
If you've got any other questions, please post on the thread, that's what this is all about. This should be as much of a learning experience as it is a money-making experience.
Hey all, I got a few PMs and wanted to clarify a few things. Technically DJSP is not a Chinese micro-cap, it was a reverse merger with a Chinese company (Chardan China Acquisition Corp); However, DJSP operates in the US, not China. If you go back to my first two posts on DJSP, you'll see they largely operate in Florida but intend to expand nation-wide.
Also, just because it's up almost 10% from my recommendation, doesnt mean you've missed the boat. To tell you the truth, I actually added another 1500 today at $9.65. This stock is crazy cheap and I dont think it's time to take any profits. Of course the market could tank any day now and it'll likely take DJSP down at least .20, so pull-backs are to be expected with market volatility.
If you've got any other questions, please post on the thread, that's what this is all about. This should be as much of a learning experience as it is a money-making experience.
CCME
I post enough about this POS, but had to go out of my way to let you know that if you missed today's move, tomorrow will likely present a great buying opportunity at the open.
This is because VISN reported crappy earnings and guided down for Q1 '10 ... so, CCME was down AH. Gotta love how the market will sell an already super-cheap company just because another company in the same industry had negative things to say -- not to mention VISN already had a PE of 20ish while CCME trades at a PE of about 6. And dont forget, CCME will likely earn in Q4 '09 as much as VISN did in the fiscal year '09 ... lol, gotta love the inefficiencies of the market.
Take advantage of this and buy yourself some more CCME if you dont already have enough. Just for comparative reasons, another i-hubber compiled the following and, after verifying, I'm sharing it with you:
CCME vs VISN
VISN struggled during Q3 aswell, while CCME had a blow-out quarter. I think VISN's problems are company specific. CCME beats VISN on almost every metric and economies of scale efficiencies are only beginning for CCME, whereas VISN's organic growth seems to be plateauing and they must begin to buy growth.
CCME: Q3 revenue was $26.1 million
VISN: Q3 revenue was $30.8 million
VISN: Q4 revenue was $31.8 million
CCME: Q3 gross profit was $17.5 million
VISN: Q3 gross profit was $15.4 million
VISN: Q4 gross profit was $14.5 million
CCME: Q3 gross margin was 67%
VISN: Q3 gross margin was 49.9%
VISN: Q4 gross margin was 45.6%
CCME: Q3 net income was $11.7 million
VISN: Q3 net income was $7.2 million
VISN: Q4 net income was $5.6 million
CCME present market cap: $481M
VISN present market cap: $589M (before tomorrow's drop)
CCME 2009 Expected Net Income: $42M
VISN 2009 Non-Gaap Net Income: $33.7M
VISN 2009 Gaap Net Income: $26.6M
CCME: "We continue to expand our operations, both in the areas where we have a strong presence and in new areas as well. As of today, our network includes 46 bus operator partners, up from 40 in mid-September, with whom we have entered agreements for terms ranging from five to eight years. The total number of buses equipped with our television systems is now over 20,000, increasing approximately by 2,000 buses since mid-September. In the fourth quarter, we plan to further expand our geographic coverage through the signing of several new agreements with the new bus operators."
CCME Feb 8th/2010: Jacky Lam, CME’s Chief Financial Officer stated, “As anticipated, we believe our 2009 fourth quarter was exceptionally strong. We expect to announce 2009 fourth quarter and year-end results in mid-March.”
VISN Q3: "While the advertising market remains uncertain in the near term, we are starting to see promising signs of recovery and remain optimistic about the future. Our third quarter results show that we have been able to mitigate the negative effects of a competitive sales environment and have been able to stabilize our performance relative to competition."
VISN Q4: ""Although the challenges faced by our industry throughout a difficult 2009 extended into the fourth quarter, we were pleased to end the year above our own expectations.'In the near-term, we expect a number of factors will negatively impact our revenue including industry competition, restructuring our sales force and integrating our acquisition of Digital Media Group.'
In Summary:
CCME = better business model = better financial performance
VISN = weaker business model = weaker financial performance
I post enough about this POS, but had to go out of my way to let you know that if you missed today's move, tomorrow will likely present a great buying opportunity at the open.
This is because VISN reported crappy earnings and guided down for Q1 '10 ... so, CCME was down AH. Gotta love how the market will sell an already super-cheap company just because another company in the same industry had negative things to say -- not to mention VISN already had a PE of 20ish while CCME trades at a PE of about 6. And dont forget, CCME will likely earn in Q4 '09 as much as VISN did in the fiscal year '09 ... lol, gotta love the inefficiencies of the market.
Take advantage of this and buy yourself some more CCME if you dont already have enough. Just for comparative reasons, another i-hubber compiled the following and, after verifying, I'm sharing it with you:
CCME vs VISN
VISN struggled during Q3 aswell, while CCME had a blow-out quarter. I think VISN's problems are company specific. CCME beats VISN on almost every metric and economies of scale efficiencies are only beginning for CCME, whereas VISN's organic growth seems to be plateauing and they must begin to buy growth.
CCME: Q3 revenue was $26.1 million
VISN: Q3 revenue was $30.8 million
VISN: Q4 revenue was $31.8 million
CCME: Q3 gross profit was $17.5 million
VISN: Q3 gross profit was $15.4 million
VISN: Q4 gross profit was $14.5 million
CCME: Q3 gross margin was 67%
VISN: Q3 gross margin was 49.9%
VISN: Q4 gross margin was 45.6%
CCME: Q3 net income was $11.7 million
VISN: Q3 net income was $7.2 million
VISN: Q4 net income was $5.6 million
CCME present market cap: $481M
VISN present market cap: $589M (before tomorrow's drop)
CCME 2009 Expected Net Income: $42M
VISN 2009 Non-Gaap Net Income: $33.7M
VISN 2009 Gaap Net Income: $26.6M
CCME: "We continue to expand our operations, both in the areas where we have a strong presence and in new areas as well. As of today, our network includes 46 bus operator partners, up from 40 in mid-September, with whom we have entered agreements for terms ranging from five to eight years. The total number of buses equipped with our television systems is now over 20,000, increasing approximately by 2,000 buses since mid-September. In the fourth quarter, we plan to further expand our geographic coverage through the signing of several new agreements with the new bus operators."
CCME Feb 8th/2010: Jacky Lam, CME’s Chief Financial Officer stated, “As anticipated, we believe our 2009 fourth quarter was exceptionally strong. We expect to announce 2009 fourth quarter and year-end results in mid-March.”
VISN Q3: "While the advertising market remains uncertain in the near term, we are starting to see promising signs of recovery and remain optimistic about the future. Our third quarter results show that we have been able to mitigate the negative effects of a competitive sales environment and have been able to stabilize our performance relative to competition."
VISN Q4: ""Although the challenges faced by our industry throughout a difficult 2009 extended into the fourth quarter, we were pleased to end the year above our own expectations.'In the near-term, we expect a number of factors will negatively impact our revenue including industry competition, restructuring our sales force and integrating our acquisition of Digital Media Group.'
In Summary:
CCME = better business model = better financial performance
VISN = weaker business model = weaker financial performance
CCME
Tell me I'm not the only one that got some $11.90s earlier today ... Yee-haw, free money!
Also, this just announced:
CCME webcast 3:40 PM EST Monday -
Sign up here: http://www.wsw.com/webcast/rrshq16/...&url=http://www.wsw.com/webcast/rrshq16/ccme/
Thinking about getting into ccme over the next few days. I think we are headed for a sell off in the market as a whole and might be able to get ccme even cheaper. On a brighter note kewl, I was able to sell cws for a nice profit today. Initially picked it up at 5.50 and a bit more at 5.30 levels and dumped at 6.20 today. Also picked up some more of ckgt in the low 2.30s today, hopefully it does something soon!
The way I see it, the market is pausing as it needs a breather. Yesterday's Gravestone Doji and today's Spinning Top are nothing more than saying the market is pausing/basing to determine what it wants to do. I think we retreat back to 1112 or 1105 (worst-case), then push higher. I fully expect the market to break thru previous highs over the next few months. I have an S&P target of 1200-1250 by Summer ... I think we come in closer to the 1250 target. Goldman Sachs is predicting the S&P to hit 1300 and pull-back to 1200ish by year's-end.
I cant stress enough that you need to be in CCME now rather than wait for a better buying opportunity. If you want to be in CCME for the run, now is the time to buy regardless of what you think the market might do.
But plz remember, CCME is reporting very soon and if you wait until they report, you'll likely be paying $13+ regardless of what the market does. They'll be presenting at the Rodman & Renshaw Conference on Monday and another conference on the 16th ... earnings are going to come somewhere in between or right around this time. You dont want to be out.
CKGT just posted preliminary earnings today and folks took it negatively. The problem with most of these otcbb stocks is retail buyers/sellers dictate their direction. CKGT basically said they're still growing at 30% a year and everything is cool. CKGT will be $5+ before the end of this year ... go ahead and mark this post and tell me where it is in December.
I have no concerns for any of the stocks mentioned here. When I do, I will let the board know ... like I did with CYXN a while back. These are value stocks (at least the otcbb ones), so even if the market goes to hell in a hand-basket, I dont see many of these China gems setting new lows.
AVMDE is thinly traded, but it mostly got it's ass kicked today after reporting a sh!tty quarter. They lost money after sequentially growing QoQ. Worth more than where it is, but retail traders werent impressed and sold it off ... i sold my shares at a loss today, but it went up 150% a week or so ago and I sold some, so I was able to basically break-even on the trade.
Up to you to decide what you want to do. But I'd just avoid all the Pinksheet Roulette/OTCBB Runner stocks for now ... stick with fundamentals because that's the where money is going, speculative stocks are struggling right now.
CCME
Monday can't come soon enough. I'm hoping we see a similar reaction in CCME as the one TSTC had when they presented at the Brean Murray conference back in November. If so, this stock probably will never look back again.
Regardless, it's my belief that tomorrow is among your last days to buy this stock under $12 -- It's probably among the last days that CCME will be a TABLE-POUNDER. Grab your trading shares now if you havent already.
Enjoy the cheapies while you can still get 'em. These types of opportunities are few and far between, and with the market back into full rally mode, it's going to be hard to find these types of opportunties in the future. That's why it's important to capitalize on the ones that do arise. There's a ton of money waiting to be made in SPACs like CCME and DJSP.
Polish those dancing shoes this weekend -- I want to hear some "Weee"s over the next few weeks. <><>
Monday can't come soon enough. I'm hoping we see a similar reaction in CCME as the one TSTC had when they presented at the Brean Murray conference back in November. If so, this stock probably will never look back again.
Regardless, it's my belief that tomorrow is among your last days to buy this stock under $12 -- It's probably among the last days that CCME will be a TABLE-POUNDER. Grab your trading shares now if you havent already.
Enjoy the cheapies while you can still get 'em. These types of opportunities are few and far between, and with the market back into full rally mode, it's going to be hard to find these types of opportunties in the future. That's why it's important to capitalize on the ones that do arise. There's a ton of money waiting to be made in SPACs like CCME and DJSP.
Polish those dancing shoes this weekend -- I want to hear some "Weee"s over the next few weeks. <><>
RHGP
If you're looking for a quick trade, I recommend you check out RHGP. This is another stinky pinky like SIAF (Which is about to break-out as soon as the buyers from the Shell that SIAF reverse-merged with finish selling), but they're being represented by a serious Investor Relations firm that is going to take them to the otcbb very soon, and possibly a big-board thereafter.
RHGP had it's largest volume day today at a whopping 500k when the previous high was under 200k and the avg was a measley 22.2K. They put out a very bullish outlook today and I can assure you IR is going to be putting out some additional PRs that fuel the momentum.
I suggest the traders hop in immediately tomorrow for a quick ride to $3-$3.50. This is nothing more than a trade for me as I already have one China Pinksheet investment (SIAF) and I dont need another. But I will trade this from $2 to at least $3 ... I grabbed 5k today between $1.96 and $2. After this trade, I likely wont follow the stock much, so please realize this is a trade and not investment-grade material.
If you're looking for a quick trade, I recommend you check out RHGP. This is another stinky pinky like SIAF (Which is about to break-out as soon as the buyers from the Shell that SIAF reverse-merged with finish selling), but they're being represented by a serious Investor Relations firm that is going to take them to the otcbb very soon, and possibly a big-board thereafter.
RHGP had it's largest volume day today at a whopping 500k when the previous high was under 200k and the avg was a measley 22.2K. They put out a very bullish outlook today and I can assure you IR is going to be putting out some additional PRs that fuel the momentum.
I suggest the traders hop in immediately tomorrow for a quick ride to $3-$3.50. This is nothing more than a trade for me as I already have one China Pinksheet investment (SIAF) and I dont need another. But I will trade this from $2 to at least $3 ... I grabbed 5k today between $1.96 and $2. After this trade, I likely wont follow the stock much, so please realize this is a trade and not investment-grade material.
