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Dow Industrials...
Blue line is 50 day moving average... Does not look good...
Looks good
XING 8.12 on watch with news today
HUIZHOU, Guangdong, China, June 8 /Xinhua-PRNewswire/ --Qiao Xing Universal Telephone, Inc. (Nasdaq: XING - News) today announced that its 90%-owned operating subsidiary Huizhou Qiao Xing Communication Industry, Ltd. (HZQXCI), a fellow subsidiary of CEC Telecom Co., Ltd. (CECT), is expected to record financial results for 2005 which would be significantly better than those for 2004.
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The Company estimates, on an un-audited management account basis, that sales revenue and net income of HZQXCI for 2005 would increase by about 42% and 386% to about USD103 million and USD 9 million respectively. Recently, the Company estimated sales revenue of USD250 million and net income of USD29 million for 2005 for CECT, another of XING's operating subsidiaries.
Mr. Wu Rui Lin, Director of HZQXCI and Chairman of Qiao Xing Universal, said, ''Completing its transformation from a sub-contractor of CECT to a manufacturer and distributor of the 'COSUN' brand mobile phone handsets, which it introduced in the second half of 2004, the Mobile Phone Division of HZQXCI achieved significant increase in sales in 2005 through the expansion its product lines and its distribution network. According to our estimate, HZQXCI realized about USD73 million in sales revenue and USD7 million in net income from its mobile phone business segment, representing growth rates of 44% and 619% respectively compared with 2004.
''In the indoor phone business segment in 2005, sales of value added telephone sets continued to increase. There were more big-volume sales to telecommunication operators compared with 2004. There was also increase in export sales. According to our estimate, compared with 2004, sales revenue and net income from the indoor phone business segment climbed 27% and 128% to reach about USD30 million and USD2 million respectively.
''We anticipate further rapid growth for HZQXCI's mobile phone and indoor phone business segments for 2006 and beyond.
Does have alot of upside to recover
April 19 they moved to the NASDAQ National Market, got a big rally and have returned to pre NM levels? Or it could be due for a very nice bounce.
MBAY .36 May wanna set your alerts on this one... Chart trying to get into shape
PGWC 10.43 Hummmmmmm Whats going on here
Good chart... will eyeball
PTSC. Might be at your target, Hack.
ATAR .65
may want to keep an eye on reversal over the next few weeks
OWENQ 1.95 double bottom - in bankruptcy
DPHAQ 16.50 Amazing how stocks in bankruptcy can be worth more than when they are not
ATUH .075 Looks like someone is loading up on this one.
IGTG .12 Chart looks good but volume sucks
Looks like support here at L3 at ~$1.03. That said, watch for a dip. :}
Get well soon, Hack. Hope yours is not as bad as mine was.
Green Screens to everyone...
Out Sick today...
Back to bed
ATEA 9.81 looks good for a 30 day hold (gap at 16.00 to fill)
FTRS 3.06 missed the bounce on this one
EBOF 2.70 Look like its close to bottom
EEGC .195 watching closely for downward trendline break
PTSC 1.14 Looking for a 2 day hold... Try to catch this one around .97 to 1.00 for intraday bounce play
RFXCQ 1.02 Bankruptcy play but the chart is setting up nicely.
Just hate holding these overnight.......
AUML .023 Looks like its about time for the Wash, Rinse & Repeat
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