DBUB Group Inc. (fka DBUB)

[DOLLARLAND]

Nice action this morning. Just took out ARCA on the ASK:

[DOLLARLAND]

I agree, seems to have leveled off at .60.

Rhino

[RonnieD]

how long can this MM walk-down last ? what made it run to .80+ recently ? earnings coming in a couple weeks. something tells me now is a good time to buy.

[sahd3g]

CHCG gap down is from $1.30. I'm still waiting for that to fill!!!

It will imo. That's where I sell enough CHCG to have a free ride on remaining shares to hold LONG term.

GL.... strong hold here...wish I had been able to add more at .57!! But...glad I held thru the paper loss.

[fletenpenny]

Watch for end of the day push higher. This will be a good sign that we could hold at this level?

[DOLLARLAND]

Nice move today.

[fletenpenny]

Trending up today maybe this is the brake out we have been looking for.

[MGG]

Form 8-K/A China 3C Group

October 9, 2009 5:11 PM EDT

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6549945

[sahd3g]

Chart says buy now imo...too late for me as I'm underwater on this POS! LOL.

http://stockcharts.com/h-sc/ui?s=CHCG&p=D&yr=0&mn=6&dy=0&id=p56747776061

Bollinger bands are super tight...ready to break out at some time, probably sooner than later.

If my memory is correct...there's a gap down from about $1.30.

It'll fill....some day.

[Drexion2004]

Management has not been very reliable here, in what they do and forecast/etc. If the consumer starts buying electronics again, I can see them blowing out the earnings forecast given...

I agree with you though, it could be dead money for awhile... But with little risk and the possibility of a large pop in a turn-around, I believe it is worth it. They just closed the buy of that new transportation company, so that will add a bit to earnings (1.9M) as well...

Looking at the past history, this stock has also done most of their sales in Q3 and Q4... So we shall see. I certainly won't be putting the farm on something like this, but a small bet? Sure why not. Could very easily give a 6 bagger in 6 months.

-Fernando

[BiotechValues]

It looks cheap and I've been tempted to buy here myself, but the forward guidance was terrible, and they're not cash flow positive now.

Yes, they're trading near cash which should put a floor in the sp about here, but I don't see strong comp eps growth here- based on the CEO's own comments that the remainder of the year would be challenging for them.

So, while I don't see how the stock could get much cheaper (without a market meltdown), the trade off is opportunity cost.

Just my 2 cents that nobody asked for. I hope people don't take my post as bashing- not my intent at all.
LONG term this will be a big winner from here IMO.

[Drexion2004]

Welp, one more stock to be added to my China collection tomorrow morning. At these prices, I can't resist a turn-around play. Great risk/reward given their finances and current economic trends, IMO.

-Fernando

[RonnieD]

that is possible for a 3-6 month period, especially considering the Chinese market is not what it used to be.
It appears CHCG is just a flip for some months because it will take that long for them to shift focus

[realfast95]

It's retail, they will never have big gross margins, unless they make some of their own products.

US retail cooked their books by skimping on inventory.
Consumer sales were lower because nothing was on the shelves worth buying. iPhone sales show that the high end demand is alive and well.

A good sign they have to pay staff more, it means competition for good labor is getting tougher, good for the economy.
They are ahead of the US for sure.

[kittycattttt]

added 2 favs. fo sho.

[bradford86]

my point is cash, lots of it, lots of revenue too. accidently doubled my position in chcg today, as orders automatically filled out of my "holy crap this is so cheap" order space at 58 cents.

i have orders on a lot of stuff in that space, and when stocks hit those prices, i fill up... because i predetermined that the risk is relatively low at that price.

[war_eagle]

Their sg&a remains high because they gave everyone raises. Bad timing or bad management or maybe both.

1st Q on rev. of $77.4 M, sg&a = 7.1%
2nd Q on rev. of $51.1 M, sg&a = 9.3%

3rd Q, they are predicting lower revs of $40 -$50 M and gross margin of 10-11%

My point is: gross margin and sg&a will be approaching the same number of about 10%. Net profit will be approaching zero.

[RonnieD]

i see they lowered their new store opening rate for 2009 from previous expectations.

Mr. Zhenggang Wang, Chairman and Chief Executive Officer, commented, "Our business has been impacted by the effect of the global financial crisis on China which has softened consumer and business electronic equipment demand, reduced the number of new electronic products offered by manufacturers and led to a reduction in purchase rebates and discounts we receive from manufacturers. Many consumers and small and mid-size businesses have become more cautious about purchasing office equipment, which has led to slowdowns in our YongXin and Joy & Harmony segments. Additionally, the competitive environment has also increased and our WangDa segment underperformed because China's planned transition to a 3G wireless network has not yet been completed, leading to a delay in 3G phone purchases and decline in 2G mobile phone products."

The Company had 979 store-in-store locations at the end of the second quarter of 2009 compared to 1,001 in the prior year period and 990 at the end of the first quarter of 2009. The Company expects to reduce its total number of store-in-stores to 950 at the end of the third quarter of 2009 and 900 store-in-stores by year end.

Mr. Wang continued, "Within our store-in-stores, we are taking the necessary steps to exit from unprofitable locations and have an operational plan in place to maximize performance. This includes strengthening our marketing efforts and adding greater product variety to our productive stores to optimize profitability, adjusting the reward and compensation of our sales team to be performance-based, providing high-level training and supervision to the sales people to improve their marketing skills, improving the store layout to attract more customers and providing better after-sales service and support.

We remain focused on the build out of direct and franchise stores to improve our revenue and profit performance. We plan to open 2-4 direct stores and 4-6 franchise stores in the third quarter of 2009 which will be located in smaller cities and towns in the Zhejiang province. We anticipate that Jinhua Baofa, our recently acquired logistics company, will play a significant role in the build out of these new stores and will allow us to more easily expand our distribution network and lower our transportation costs as we service these planned new stores, as well as future stores."

2009 Outlook

For the 2009 third quarter, the Company currently expects sales to be in the range of $40-$50 million and gross margin to be in the range of 10-11%. For the full year, the Company expects revenue to total approximately $200 million and gross margin to be in the range of 9-12%.

"We expect the remainder of 2009 to be challenging as many of the same issues that affected our second quarter results will impact our business in the second half of the year. We have a solid cash position and no debt, which allows us the opportunity to make the necessary adjustments to our store-in- store model and expand our franchise platform. We believe that our franchise model provides us with many unique advantages compared to our core store-in- store business. These include improved control of our brand, a flexible store format and full operational control which allow us to manage our business more effectively and position our new stores to meaningfully contribute to our future revenue and profit. We are excited to introduce our products to a new group of customers and we are hopeful this new business can significantly add to our future financial performance. We look forward to updating you on our progress in the coming months ahead," concluded Mr. Wang.

[war_eagle]

.02/q this time. sad. Management has really turned things around... backwards

[Singatoka2010]

10Q filed at Edgar if you want to read it.

[tburr]

I see your point bradford. I was just trying to offer some reasoning into the price drop from the high of 0.94 about 10 days ago.

Also, the clouds are only a component of the system. It's made up of 5 different MA's, some shifted back and forwards in time. I've found it pretty helpful so far.

[bradford86]

turning on and off clouds in terms of stock price charts sounds like a misguided way to guess price direction in the short term. focus on long term fundamentals and believe it or not, stocks that represent companies that make more money than other companies have a tendency to have larger market caps.

just an observation from the peanut gallery where i sit.

[kuwlness]

Much appreciated. Now I have some homework for the weekend. : )

[tburr]

Kulwness,

I'm not a pro, haha, but i suggest going stockcharts.com and view CHCG's chart. Turn on 'ichimoku clouds. . So far, this system has been great for identifying resistence, support and trends. I think CHCG has run into some moderate resistence(large 'bearish' cloud). It might take a while to break through this 'cloud', but i think when it does, it'll do very well.


This is great site if you want to know more about ichimoku systems.
http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

[bradford86]

told you that the fools that sold on the conference call were...

[realfast95]

here when you click on the ticker symbol from the higher menu next to the subject line

[kuwlness]

Missed that headline ... wasnt on Yahoo Finance. Where did you catch it?

[realfast95]

They filed yesterday that they were going to be late with the 10Q

The report of China 3C Group (the "Company") on Form 10-Q could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results as well as the disclosure requirements of Form 10-Q without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-Q and signatures thereto in a timely fashion prior to the due date of the report.

[kuwlness]

Wow, thought we had established a nice base/bottom around .85 - .90 and that all just fell apart yesterday and today. These China stocks have a tough time finding direction in my opinion ... they got sold off during panic-selling days (like today), but they don't always participate in a buying rally, nor do they even rally when China's Hang Seng and Shanghai Index are up significantly.

Cant quite figure out what makes these things move. Need some professional input here.

[fourkids_9pets]

very nice .. thanks for that info

i like the risk/reward ..

--
However, China 3C did manage to earn $0.07 per share and management remains committed to improving results going forward. With a price-earnings multiple of just 2x trailing and 3.2x projected earnings (assuming $0.28 for the year), this stock could quickly turn into a bargain if sales turn themselves around during the later part of the year.

--
4kids
all jmo

[RonnieD]

http://theotcinvestor.com/china-3c-has-q2-setback-remains-undervalued-385/

[kuwlness]

Gotta love it ... hard not to get greedy with those charts and the steady climb.

[Singatoka2010]

We've been adding 1-2cents a day. Volume creeped up a little today. Slow and steady

[fourkids_9pets]

would love to see that ..

--
4kids
all jmo

[Singatoka2010]

Looks like we are going to get more volume today. with the steady rise in the SP this must be coming across some screeners so maybe we will see a jump in volume and SP.

[fourkids_9pets]

it sure did ..

chcg has been a joy to
be in .. since the .70
cent range .. earlier
this month .. slow and
steady climb indeed ~

--
4kids
all jmo

[Singatoka2010]

hit.90 today. Slow steady climb. When this gets some volume it could really take off.

[tothe]

CHCG money chart...looks like the selling is over and we are ready to rumble.
Others were buying
http://www.mffais.com/chcg.ob

FMR chart for ball-park figure on distribution...In the link: timeframe 3 month & daily; lower indicator to money flow & OBV; use dragging mouse feature to get figures/difference between hi & lo
http://eresearch.fidelity.com/eresearch/goto/evaluate/chart/chartAdvanced.jhtml?destination=%2Feresearch%2Fgoto%2Fevaluate%2Fchart%2FchartAdvanced.jhtml&symbols=CHCG

[Singatoka2010]

They need to give us a few bones to gain interest and get some volume. I thought the earnings was due??

[kuwlness]

They bought their shipping company, what more can you ask for? Next stop $1.40.

Wouldnt be surprised to see it get there a lot quicker than it's been moving lately ... Slowly but surely works for me too, gives me time to get greedy.

[fourkids_9pets]

loving this slow and steady move
north on the pps for these past weeks ..

--

Date	Open	High	Low	Close	Volume	Chg	%Chg	Adj. Close 
  
 7/28/09	0.84	0.86	0.82	0.84	593,534	-0.01	-1.18%	0.84 
 7/27/09	0.83	0.88	0.82	0.85	561,368	0.02	2.41%	0.85 
 7/24/09	0.8299	0.84	0.80	0.83	141,168	0.03	3.75%	0.83 
 7/23/09	0.79	0.8299	0.78	0.80	147,223	-0.01	-1.23%	0.80 
 7/22/09	0.82	0.83	0.78	0.81	150,238	-0.02	-2.41%	0.81 
 7/21/09	0.85	0.86	0.76	0.83	223,002	-0.01	-1.19%	0.83 
 7/20/09	0.849	0.86	0.83	0.84	347,101	0.01	1.20%	0.84 
 7/17/09	0.81	0.849	0.80	0.83	179,294	0.03	3.75%	0.83 
 7/16/09	0.78	0.82	0.78	0.80	256,636	0.02	2.56%	0.80 
 7/15/09	0.76	0.80	0.76	0.78	98,848	0.015	1.96%	0.78 
 7/14/09	0.765	0.765	0.755	0.765	167,184	0.00	0.00%	0.765 
 7/13/09	0.75	0.77	0.7101	0.765	167,102	0.015	2.00%	0.765 
 7/10/09	0.73	0.75	0.7101	0.75	39,670	0.02	2.74%	0.75 
 7/09/09	0.71	0.749	0.71	0.73	95,313	0.00	0.00%	0.73 
 7/08/09	0.745	0.76	0.70	0.73	139,740	-0.03	-3.95%	0.73 
 7/07/09	0.75	0.77	0.70	0.76	173,424	0.01	1.33%	0.76 
 7/06/09	0.74	0.76	0.68	0.75	275,787	-0.01	-1.32%	0.75 
 7/02/09	0.74	0.765	0.72	0.76	104,820	0.03	4.11%	0.76 
 7/01/09	0.77	0.77	0.71	0.73	200,216	-0.01	-1.35%	0.73

---
4kids
all jmo

[RonnieD]

you know it.
Friday i emailed Peter Schiff and his brokers about this one.
not expecting anything but worth a shot...

[Singatoka2010]

Looks like alot of accumulation is taking place.

[RonnieD]

Jason told me that management discussed the advantages of a small reverse split for uplisting.. they had thought about it a long time but decided against it.
Now I'm asking him about a share buyback-retirement plan.

Even though there are only 52,673,938 shares, it's just that a small R/S would make Nasdaq uplist automatic.

CHCG will get there..

[RonnieD]

China 3c is a rock solid investment choice.

[tmikey]

CHCG - Right you are! Trending up, next week should be very nice for all of us!

[RonnieD]

days under .80 appear numbered.
looking forward to eps projection and 30 store opening announcement

[DOLLARLAND]

CHCG starting to inch a little higher here.

[BiotechValues]

more accurately, CHCG has actually been trying to uplist for more than 2 years....but whose counting?

[RonnieD]

"4. I don't want to grow up because if I did, I couldn't be a Toys 'R Us kid. To stick with the theme of electronics, here's a company that has been laughedat by investors down 40% since its last conference call: China 3C Group (CHCG Quote). It just acquired its logistics company to increase efficiencies. China 3C has been trying to uplist for over a year, getting unfairly punished by investors; For $38 million, you can catch a company that made $26.8 million last year."