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When would be a good time to sell?? now??
Oh Hell, who am I kidding Weeeeeeeeeeeeeeeeeeeeeeeeeeee
Printing $9.00's weeeeee!
8.0000 x 9.0000 What benefit does the market maker have by setting a 12% spread? Do they just want to stall the volume? Has the computer "gone to lunch" and can't be bothered to make any more sales?
cheers
rich
GEOInvesting giving it's rec today.
Wow, somebody is taking all he can at the bid at 7.50. Big volume already, what you think Burp?
Almost 30k in volume in the first 30 minutes?? Breakout here we go.....
Well I felt sick the night after I sold and had to buy back in....selling a $30 stock for $7.35 is not what savvy traders do....so if I have to wait so be it!
Yes absolutely agree. I hate these periods of dead money as well but this one is just so cheap (if it's no fake) that I definitely will hold on. It's actually my largest position right now. And since the volume is coming in now I'm feeling better on a daily basis. I don't know who but somebody doesn't let it fly yet and that will change soon I hope.
It's funny how sometimes the ask is 10 after a few buys at mid 7 at the ask and until somebody keeps filling the ask at mid 7 again.
I'm hanging in there but geeze it's been dead money for way too long...if they had let this go it would be $20.00 by now.....
But you certainly know the saying "first the volume and then the price".....I really like the recent volume, this one is a sleeper until they decide to announce the uplist which they hopefully do soon.
Heavy accumulation going on no doubt about that. All IMO.
Yep, exactly.
hmmm.
Only post by "honey1963" with alias born on Tuesday, September 22, 2009
Not sure why you would bring in such a "rumor" if you didn't try to verify it. Looks fishy. There is no "being careful". Either you believe the company is clean and serious or you don't invest. Pretty simple.
NewLong
thanks a lot for providing the information here. It's appreciated and it fully supports my estimates that uplisting is near.
I hope everybody here realizes what uplisting would mean for this stock. My guess is at least a double within a few weeks of announcement of uplisting.....
SGZH e-mail reply ...
From: "info@songzaigroup.com" <info@songzaigroup.com>
To: xxxx xxxxxxx@xxxxxxxxxxxxxxxxxxx
Dear Mr. xxxxxxx,
We currently have approximatly 5.2 millions in the public float.
We are in the process of preparation for upgrading to the main exchange board.
We are updating our website now.
Thank you for being Songzai's shareholder.
Well it it's no fake it's one of the best value investments out there alltogether. That's for sure.
well i got in today hoping for an uplist sometime soon. hope i made a good choice...
Indeed it's strange I agree and I certainly don't like it. So who is selling is the question.
SGZH mentioned at the street.com by Glen.
http://seekingalpha.com/article/162482-fired-up-about-chinese-coal?source=yahoo
Are you talking about the S8 filing from april? Regarding the employee incentive plan?
That S8 bothers me
You are really out Burp? Why? Because it's dead money right now?
wheres the updated website that they were supposed to launch two weeks ago?
out @ 7.35 from 7.10. g/l gang!
I'm getting a little restless....hmmmmmm
Yeah, everytime we try to make a move we find sellers immediately. Strange stock, it's not really moving in either direction. Neither on bad days to the downside nor on good days to the upside. It's basically kind of flat since I first starting to notice it a few weeks back.
Looked like we almost busted a move today...tic toc...tic toc....
Yes, for sure ........
"At this point in time would you take SGZH over M $T?"
Ha, interesting question. Both are basically the best if you like value plays but I'm not Joe so I shut up now and see what he thinks.
Joe or others,
At this point in time would you take SGZH over MY$T?
Will be interesting when this stock pops. Should have the run other stocks had lately but I guess the penny stock crowd isn't interested in a 7 dollar stock and other people just don't know the company. They have to create more awareness. Best coal stock out there and nobody is interested. Funny.
Excellent news....the old one was very outdated...even still had the old ticker....
Sure thing.
(626) 581-8878
-Fernando
Drexion, can you please post the telephone number you used for calling them?
i rarely read iboxes. but i dont need anything there.
I called the company and spoke with someone (Strong chinese accent, heh). He said they are updating the website and we can expect the new one to be online before the end of the week.
Looks like they took the old one down.
-Fernando
Glen, I updated the i-box a bit. Tell me if you want something else in there.
you know you're a lazy moderator when two of the best people ask you simultaneously to beam them up to assistant because they want to fix the ihub board (improve it at least so that it's up to date).
i figure, get the mod spot of undervalued companies, and people will show up and... away you go.
Well actually I read it on another board from someone who spoke to the company.
Fact is that the company already spoke about uplisting months ago so there is no reason to not believe this statement from this guy. They are
spoke to co. has had 2 rounds of questions from S.E.C ( quite common) so s/b getting very close to getting listed...
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=77332&tid=65&mid=65&tof=5&frt=2#65
SGZH ...
"... the coming uplisting which is planned for months now and was only delayed by a second round of questions the SEC had according to the company."
When and where did you hear this? Did you talk to the Company?
TIA
newelong
Looked a bit more into SGZH yesterday and today and from all I see this one is a must own for the next few months. I basically like pretty much everything about this stock and certainly did load the boat.
Hot industry coal, getting a lot more hot as soon as global economic recovery will come along. Unreal numbers with good growth and a very very low PE right now. Huge junk of cash.
And last but certainly not least a huge catalyst for share price appreciation in the near future is the coming uplisting which is planned for months now and was only delayed by a second round of questions the SEC had according to the company.
People will step over each other to buy shares of this company under 10 dollar once all the above things come to fruition....IMO
Yes it tapped just before the close when the volume was really picking up.....we are good to go here.....
I just realized that the stock hit 8 yesterday during the final hours of trading. I wasn't aware of this as I followed other stocks at that time. Nice. I think this one could climb very fast, pretty thin the stock.
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Company Profile: Songzai International Holding Group, Inc.
Ticker: SGZI
Exchanges: OTC
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Coal Producers
Country: United States / China
Employees: 348
Homepage (although outdated at the moment): http://www.songzaigroup.com/web/corporate_profile.html
Business Description:
Songzai International Holding Group, Inc. (“Songzai” or the “Company”) was incorporated in Nevada on June 7, 2001. The Company is engaged in coal production by exploring, assembling, assessing, permitting, developing and mining coal properties in the People’s Republic of China (“PRC”). After obtaining permits from the Heilongjiang National Land and Resources Administration Bureau and Heilongjiang Economic and Trade Commission, the Company extracts coal from properties it has the right to mine, and sells most of the coal on a per ton basis for cash on delivery, primarily to power plants, cement factories, wholesalers and individuals for home heating.
SGZH latest 10q for the second quarter 2009. Revenues for Q2 2009 was 24,179,166 dollar. Revenues almost doubled compared to Q2 2008. Net income for the Q2 2009 was 12,404,475 dollar or 81 cents per share for the quarter. Net income was more than 2.5 times bigger compared to the Q2 2008. Cash at the end of Q2 was more than 31 million dollar.
Latest press release about bringing in 3 new directors in order to have compliance for their uplisting to a senior US exchange which will happen in the near future.
http://finance.yahoo.com/news/Songzai-International-iw-2396098642.html?x=0
Glen Bradord for The Street.com regarding China coal mining companies 09/21/2009:
http://seekingalpha.com/article/162482-fired-up-about-chinese-coal?source=yahoo
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