Why buy RINO? I guess it's nice because it has the $20 price tag and it attracts institutions, but the ride in RINO has lost its steam. The way I see it, there's gonna be a lot of retail folks that got in last year in the single digits and are waiting to lock-in their gains, but want to wait so they dont have to pay short-term capital gains taxes.
I'm moving my money out of last year's biggest movers and into the under-performers and/or stocks that havent been participating in the rally since the Jan/Feb Lows.
But, I think you're better off with CCME, CNYD, and/or DJSP. GL
BSPM --- I am trying to get my hands around this company, and the thing that really bothers me is the accounts receivable are higher than the sales. Any idea why? Is this company like Amway or Mary Kay, who do they sell this stuff to, and why don't they pay their bills? I thought "China" didn't have a credit problem like the U.S.?
China. problem?
http://www.bloomberg.com/apps/news?pid=20601089&sid=aIcTfdm5rWdY
Should I be worried?
It seems like China might be facing a huge storm.... !~~~!
http://www.bloomberg.com/apps/news?pid=20601089&sid=aIcTfdm5rWdY
Should I be worried?
It seems like China might be facing a huge storm.... !~~~!
Erwin: It's very typical for these China companies to have high ARs. If you look at the likes of TSTC and several others I've mentioned here, they all tend to have higher than normal ARs. However, it really depends on the industry. TSTC works for all three of the top China Telco's, do you really think any of them wont be paying their bills?
As for BSPM, they are a Pharma company and are growing exponentially. Their ARs are typically paid within 3 months, but they allow their distributors a flexible pay-back period.
ARs was the hardest thing for me to overcome when deciding to invest in China. I looked at multiple companies, and saw the same thing time and time again.
But, if you look at RINO this time last year, you'd see they had atrocious ARs and some over-looked them when they were trading single-digits. As long as the company isnt writing off their ARs every other Q, and they're working with the government or legit companies, you can be assured their ARs will come down.
Gotta remember, this is a communist nation ... people that dont pay their bills get hung, lol ^<<^
China is doing everything a country should be doing to prevent it from creating bubbles. That's why they're not listening to the US or the rest of the world, they're doing everything right ... why should they change when they see what the Western world has done to their economies with their lending practices.
Dont worry about China ... China is a bubble by some means, but it wont be popping for another 10-15 years imo.
BSPM
I think $3.50 is a great entry price, but that doesnt mean you couldnt get in cheaper. I always buy/sell incrementally, it's the safest way to enter/exit a trade. When they are trading on the Naz or AmEx, people will happily be paying $5+
As for BioStar's stores, I'm sure some of them are shacks, lol. But that doesnt change their profits/revenues. If you'd like to learn more about the company, their website is very informative. You can see their corporate headquarters/factory on their site, and it's far from a tent.
http://www.biostarpharmaceuticals.com/index.asp
CHIO - finally getting some good love - climbing back to where it should be IMHO hopefully on its way to my 2011 target of $2 - should be a good earnings (fingers crossed) if and when we get word. ESR initiated coverage today which may help in pulling more information out of the company - any opinions?
Still not sure about the rumblings on the overall market - things could move sideways for a while (hello options trading
. Any bets on when/if we'll see Dow 11000+?
Still not sure about the rumblings on the overall market - things could move sideways for a while (hello options trading
. Any bets on when/if we'll see Dow 11000+?
CKGT pre-released earnings and it was met with selling. Why? No reason. Will it continue? Maybe. Does this change the long-term outlook? No, of course not. $5 will be achieved this year, I have no doubt.
CCME -- I see the Negative Nancies are out in full-force -- even on the Yahoo boards. Seriously guys, it was a table-pounder at $10.50, we're at $11.50 now, appx 10% higher from where I first recommended it. Go to Google Finance and type in CCME and see what you get: you get a sub-sub-penny stock and absolutely no info about the real company. This all changes when they file for the first time as the new company.
CCME is, and will remain, my biggest holding until $20+ ... People have too much invested in this company so they keep too close an eye on it. Then every little move seems to have significance. I know, I fall victim to the same problem. I've come very close to "reducing" my position, but then realize that I'm still an early bird and I'm gonna get the worm.
A month from now people are gonna be saying "sh!t, I should've listened to kuwl and bought more under $12" and "why the F* did I sell so soon" ... I can hear it in my head already.
CCME remains a Table-Pounder as long as it's under $13. You may ask yourself why, but you will see why soon enough. If you've held from January until now, what's another 10 days gonna do, kill ya!? Like I said in a post a few weeks ago, the stock market is not efficient. It will test your patience, especially when you're an early bird.
Take CNAM for example. I've had this on my list since I created this thread and anyone that did research knew the company was expanding their scrap facility, but no one gave a damn until they signed a big contract. Then, the stock goes up 200% in a week. Does this make sense? No! But anyone who knew this 6 months ago and bought when it was trading in the $2-3 range and held (like me), profited monstrously and did better in 6 months than most people do in 5-10 years.
I can't stress this enough: THE STOCK MARKET IS NOT EFFICIENT and never will be. Wall St likes to have everything in their face -- black, bold numbers that say exactly what companies have been saying for months, but Wall St wouldnt buy it until they saw it on a financial document we call a 10Q/10K.
Patience will prevail and those that understand a good deal will be greatly rewarded ... and you will soon find out why this is a table-pounder. Go ahead and pat yourselves on the back right now, because you beat Wall St.
CCME -- drink the kool-aid :drink:
DJSP
No Weeees?? Jeesh, you guys arent easily pleased are ya?
DJSP +.49 (+4.97%)
DJSPW +.60 (+12.55%) -- see why I like warrants? LEVERAGE!
Broke thru the 52-week high on very convincing volume. Likely to continue for at least another couple days before we get any type of pull-back considering the money in-flow today. Sure to turn some heads, and continuing to move in After-Hours as well.
Looks like this one is finally getting the attention it deserves. Will we see $20 by June/July? -- Shakes Magic 8 Ball -- "Signs point to yes"
No Weeees?? Jeesh, you guys arent easily pleased are ya?
DJSP +.49 (+4.97%)
DJSPW +.60 (+12.55%) -- see why I like warrants? LEVERAGE!
Broke thru the 52-week high on very convincing volume. Likely to continue for at least another couple days before we get any type of pull-back considering the money in-flow today. Sure to turn some heads, and continuing to move in After-Hours as well.
Looks like this one is finally getting the attention it deserves. Will we see $20 by June/July? -- Shakes Magic 8 Ball -- "Signs point to yes"
CCME --- mark your calendars, it'll be a day to remember.
China MediaExpress Holdings, Inc. to Announce 2009 Fourth Quarter Results and Conduct a Conference Call on Tuesday, March 23rd
FUJIAN, China, Mar 11, 2010 (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 it will issue its financial results for the fourth quarter and year- ended December 31, 2009, on Tuesday, March 23, 2010 before the stock market opens.
CME's Founder & CEO, Zheng Cheng and CFO, Jacky Lam will host a conference call at 8:00 PM ET that day to discuss these results as well as recent corporate developments.
The dial-in numbers are:
(877) 241-7870 (US & Canada)
(281) 312-0045 (International)
Please call in 10 minutes before the conference call is scheduled to begin and ask for the China MediaExpress conference call. After opening remarks, there will be a question and answer period. The conference call will also be broadcast live over the Internet. To listen to the live call, please go to www.cmechina.com.cn. Please go to the website at least 15 minutes early to register, and download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at CME's website. We suggest listeners use Microsoft Explorer as their browser.
China MediaExpress Holdings, Inc. to Announce 2009 Fourth Quarter Results and Conduct a Conference Call on Tuesday, March 23rd
FUJIAN, China, Mar 11, 2010 (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 it will issue its financial results for the fourth quarter and year- ended December 31, 2009, on Tuesday, March 23, 2010 before the stock market opens.
CME's Founder & CEO, Zheng Cheng and CFO, Jacky Lam will host a conference call at 8:00 PM ET that day to discuss these results as well as recent corporate developments.
The dial-in numbers are:
(877) 241-7870 (US & Canada)
(281) 312-0045 (International)
Please call in 10 minutes before the conference call is scheduled to begin and ask for the China MediaExpress conference call. After opening remarks, there will be a question and answer period. The conference call will also be broadcast live over the Internet. To listen to the live call, please go to www.cmechina.com.cn. Please go to the website at least 15 minutes early to register, and download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at CME's website. We suggest listeners use Microsoft Explorer as their browser.
Ummm what is going on here? So which is it? .34 or .03?:think2:
CGDI
USDCHINA GROWTH DEV INC
<table summary="Displays trading data for this security" border="0" cellpadding="0" cellspacing="0"><tbody><tr><th scope="row">Last [Tick]</th><td class="bold">$0.34[-]</td></tr><tr><th scope="row">Change</th><td>$0.00</td></tr><tr><th scope="row">% Change</th><td>0.00%</td></tr><tr><th scope="row">Bid</th><td>$0.2803</td></tr><tr><th scope="row">Bid Size</th><td>240</td></tr><tr><th scope="row">Ask</th><td>$0.446</td></tr></tbody></table>
<table summary="Position Summary Table"><tbody class="ofAllCellBorder ofNoFirstCellBorder ofAltBorderColorD9"><tr><td nowrap="nowrap">CGDI </td> <td class="ofTxt"> CHINA GROWTH DEV INC COM </td> <td class="ofCur AnTQty" style="border-right: medium none ! important;" nowrap="nowrap"> </td> <td class="ofCur AnTQtyComment">
</td> <td class="ofCur"> 2000 $0.03 </td> <td class="ofCur"> $60.00 </td> <td class="ofTxtRt" nowrap="nowrap"> $719.10 </td> <td class="ofCur" nowrap="nowrap">
-$659.10 </td> <td class="ofPct" nowrap="nowrap">
-91.66%</td></tr></tbody></table>
CGDI
USDCHINA GROWTH DEV INC
<table summary="Displays trading data for this security" border="0" cellpadding="0" cellspacing="0"><tbody><tr><th scope="row">Last [Tick]</th><td class="bold">$0.34[-]</td></tr><tr><th scope="row">Change</th><td>$0.00</td></tr><tr><th scope="row">% Change</th><td>0.00%</td></tr><tr><th scope="row">Bid</th><td>$0.2803</td></tr><tr><th scope="row">Bid Size</th><td>240</td></tr><tr><th scope="row">Ask</th><td>$0.446</td></tr></tbody></table>
<table summary="Position Summary Table"><tbody class="ofAllCellBorder ofNoFirstCellBorder ofAltBorderColorD9"><tr><td nowrap="nowrap">CGDI </td> <td class="ofTxt"> CHINA GROWTH DEV INC COM </td> <td class="ofCur AnTQty" style="border-right: medium none ! important;" nowrap="nowrap"> </td> <td class="ofCur AnTQtyComment">
</td> <td class="ofCur"> 2000 $0.03 </td> <td class="ofCur"> $60.00 </td> <td class="ofTxtRt" nowrap="nowrap"> $719.10 </td> <td class="ofCur" nowrap="nowrap">
