Nothing I know of ... welcome to the world of Chinese Micro-Caps, lol. These trade in their own world and retail investors control their direction for the most part.
It's still stuck in the mud until all the warrants get converted into commons ... might be another week, might be another month. These arent quick flips, they're long-term investments. Not to mention I was pumping CKGT at .90, so it's come a long ways ... bound to be profit takers that are panicking due to the price slide.
No worries, $5+ later this year imo.
CCME
Yep, they report earnings tomorrow. I dont know if we'll see an instant rally or a delayed one ... personally, I'm kinda hoping for a delayed reaction because I know a lot of people are over-weight in CCME and if they dont get the big pop they're waiting for, they'll dump at the open.
I'd love the chance to continue to add sub-$13 or maybe even sub-$12 ... Chomp Chomp. Eat up any cheapies that they throw your way. I grabbed another 1k today at $12.18 ... lol, folks were giving this one away eod since no one knows what they own ... 'til tomorrow
$25 by June is still my guesstimate.
Charts
CCME: same shake they tried back in January.
S&P 500 SPDR: hold until the trendline is broken in OBV and/or the price. Big money bought the dip today, a good sign the up-trend is still intact and also a good sign because people (institutions/hedge funds) are back to "buying the dip."
CCME: same shake they tried back in January.
S&P 500 SPDR: hold until the trendline is broken in OBV and/or the price. Big money bought the dip today, a good sign the up-trend is still intact and also a good sign because people (institutions/hedge funds) are back to "buying the dip."
CCME Earnings out ... Con Call tonight.
Full Year 2009 vs. Full Year 2008
Revenue increased 52.3% to $95.9 million in 2009 as compared to $63.0 million in 2008;
Gross margin for year ended December 31, 2009 was 65.7%;
Income from operation increased by 61.3% to $56.6 million in 2009 as compared to $35.1 million in 2008;
Net income increased by 58.2% to $41.7 million in 2009 as compared to $26.4 million in 2008; and As of December 31, 2009, the Company had $57.2 million in cash.
(they have over $1M in cash now) ... hit $13.40 in PM trading, pulling back a little now. I'll check in with you guys at $15. But there's no reason to sell any of your shares until $20+
CCME EPS Basic: $1.93, Diluted $1.83 (2009)
Full Year 2009 vs. Full Year 2008
Revenue increased 52.3% to $95.9 million in 2009 as compared to $63.0 million in 2008;
Gross margin for year ended December 31, 2009 was 65.7%;
Income from operation increased by 61.3% to $56.6 million in 2009 as compared to $35.1 million in 2008;
Net income increased by 58.2% to $41.7 million in 2009 as compared to $26.4 million in 2008; and As of December 31, 2009, the Company had $57.2 million in cash.
(they have over $1M in cash now) ... hit $13.40 in PM trading, pulling back a little now. I'll check in with you guys at $15. But there's no reason to sell any of your shares until $20+
CCME EPS Basic: $1.93, Diluted $1.83 (2009)
CCME 2010 Guidance - explosive growth
2010 net income (non-GAAP which is before share based compensation or fair value adjustments for the Company’s financial instruments), will be in the range of $71 million to $75 million. These projections exclude the impact of any possible acquisitions, addition of new buses and new investments in other media projects in 2010.”
$13.05 x $13.30 in PM trading
2010 net income (non-GAAP which is before share based compensation or fair value adjustments for the Company’s financial instruments), will be in the range of $71 million to $75 million. These projections exclude the impact of any possible acquisitions, addition of new buses and new investments in other media projects in 2010.”
$13.05 x $13.30 in PM trading
Probably $15 over the next few days ... this stock is worth closer to $30, but it wont go straight there. There will be up and down days, but even at these prices this is still cheap.
I'll be updating the board with charts and what not ... should be able to give you some trading advice once the momentum slows down a little.
Thank you Kuwl!
Let's get rich!!!
@)
That's the plan finekos ... we'll throw a big RX party with our CCME proceeds.
Volume is insane already considering we're only 30 mins into trading. Over 1M in volume already. Might see 2M today, gonna be a big run coming up, i havent sold a single trading share yet.
Better believe there will be lots of folks piggy-backing on today's action. Good chance we see $16-18 by next week. Analyst coverage should be initiated over the next week ... accretive acquisition likely to happen soon as well. Con Call tonight and you can bet Goldman Sachs and other big institutions will be on the Con Call asking questions.
@)
No problem guys ... that's what this forum is about, making easy money. Cant go wrong with stocks that are fundamentally undervalued. Most are priced to shrink, yet they're growing.
Wait til the Goldman and other big institutions load up, then you'll start to see the Analyst Coverage initiated. I'll start selling trading shares once we reach $20, but keeping my core position for much higher prices.
Dont forget, Con Call is tonight at 8PM ET ... we should see some interesting action in AH trading tonight and PM trading tomorrow.
They blew away my expectations, along with many others that follow this stock. Everyone was looking for $1.4x EPS, they did $1.8x EPS, insane!! I actually bought more earlier on the dip to $13.50. This stock is still dirt cheap!
PUDA Con Call tomorrow -- I sold all my trading shares today in anticipation of a semi-weak Q earnings and an opportunity to re-buy cheaper.
CNYD -- Reported earnings earlier. Not quite what I was looking for due to a higher tax bracket. Still a sound investment, likely wont lose money, but up-side is a bit more limited. Think $18 should be achieved this year. I sold half earlier and used it to buy more CCME.
TSTC -- earnings likely on the 31st, maybe sooner.
LPIH -- gave a bullish 2010/2011 outlook earlier. Up-listing to the scAmEx in the next month or so. Very cheap at these prices. $5+ at least before year's end.
Think that's about it for now ...
CNYD -- Reported earnings earlier. Not quite what I was looking for due to a higher tax bracket. Still a sound investment, likely wont lose money, but up-side is a bit more limited. Think $18 should be achieved this year. I sold half earlier and used it to buy more CCME.
TSTC -- earnings likely on the 31st, maybe sooner.
LPIH -- gave a bullish 2010/2011 outlook earlier. Up-listing to the scAmEx in the next month or so. Very cheap at these prices. $5+ at least before year's end.
Think that's about it for now ...
