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3.80 now ; markets greener shorties fleeing it seems ? Back to 5s?
I have been following this since then and I believe it has a minimal downside of maybe .50, but an upside of about $2, to get us to about $6 in the next year, so about a 4 to 1 risk/reward scenerio in my opinion, which is why I got in at $3.92.
have a good weekend,
Ray
If you look back the reason this is down so much is the last quarter earnings were bad for the 1st time in 4 years the holders panicked and sold shares down from $10, i think it will make up a lot of that if the numbers come in better IMO.
It would definitely be nice to see this one hold above $4 for a couple days and then make the next move up.
Nice move. Easy does it. Don't want to attract any whackos? lol
I am in at 3.92 yesterday, so hope next report in May is good one?
Calender:
YTEC reported annual 2009 earnings of $0.23 per share on January 29, 2010.
The next earnings announcement from YTEC is expected the week of May 10, 2010.
Looks like a solid sideways move with no downward trends in sight IMO.
http://stockcharts.com/h-sc/ui?s=YTEC&p=D&yr=0&mn=4&dy=0&id=p19357989962
I hear that.... but sooner than later the smart traders will see the chart.
http://stockcharts.com/h-sc/ui?s=YTEC&p=D&yr=0&mn=3&dy=0&id=p28829409659
Very nice. Hope this keeps under the radar on its way up. Hate to attract day traders.
For all the chart watchers, no hint of a sell off.
http://stockcharts.com/h-sc/ui?s=YTEC&p=D&yr=0&mn=3&dy=0&id=p84732990000
Nice and easy. Looking for a nice slow steady rise in PPS. Keeps day traders from jumping in. No reason for this stock not to be in double digits in a couple of months.
Can't wait for YTEC to finally bust through the 4's. I actually thought it would be above 4$ by now.
YTEC PRESENTER AMONG 100!!!
United States of America -- China Chamber of Commerce Named Co-Organizer for First Annual Halter Financial Summit - "China in a Changing World" in Shanghai China April 7-9, 2010
Last update: 3/8/2010 1:33:02 PM
DALLAS, Mar 08, 2010 (BUSINESS WIRE) -- The United States of America -- China Chamber of Commerce (USCCC), , a not-for-profit, bi-national membership organization dedicated to developing increased U.S.-China trade and investment activities by assisting American and Chinese companies, professionals and the general public to better understand the business environments and cultural traditions relevant to successfully doing business in both countries, was announced today as a Co-Organizer for the First Annual Halter Financial Summit.
The Halter Financial Summit "China in a Changing World" will host a gathering of the world's top-level executives, government officials, financial professionals, economists, and investors to explore how the world financial climate has changed since the most recent global recession, the worst since the great depression, and specifically China's future role in the global economy. The Summit will be held in Shanghai, China April 7-9, 2010 at the Pudong Shangri-La Hotel.
The keynote speaker, George W. Bush, Founder of the George W. Bush Foundation and 43rd President of the United States of America, will give his view of current world events; John Snow, Secretary of the Treasury (2003-2006) will give remarks on the world economy; former U.S. Ambassador to China, Senator James Sasser will give his view of Sino-U.S. relations; economist and China expert Professor Pieter Bottelier will have a spirited dialogue with Dr. Zhang Tao to discuss China's changing role in the world economy; the heads of the world's major stock exchanges will be gathering to talk about how they plan to interact with Chinese companies; and bankers, fund managers and deal makers from around the globe will be there contributing their thoughts and ideas about how Chinese companies can take advantage of the increasing world demand to invest in China.
"China has already become the manufacturing center of the world, and it is very logical for China to develop its capital market as quickly as possible," said Siva Yam, President of the USCCC. "This special event will be one of the key steps in this process." Mr. Yam will also speak at the Conference.
On the first day of the conference, April 7, there will be seven separate rooms in which a total of 100 Chinese companies will be giving corporate presentations throughout the day. There will be two rooms dedicated to Chinese companies listed in the U.S. markets. The remaining five rooms will have Chinese companies listed in Hong Kong, Europe, Canada, Shanghai, and Shenzhen, as well as companies that are still private and not yet trading on any market. The conference will be followed by three days of optional company tours for attendees who want to see these companies up close and personal. The following companies have already been confirmed to present at the Summit:
361 Degrees International Limited (HK:1361)
7 Days Group Holdings Limited (SVN)
American Dairy Inc. (ADY)
American Lorain Corp (ALN)
Anhui Ankai Automobile Co., Ltd (SHE: 000868)
Asian Bamboo AG (ETR: 5AB)
C & O Pharmaceutical Technology (Holdings) Limited (SES: E92)
China Distance Education Holdings Limited (DL)
Changjiang Fertiliser Holdings Ltd. (SES: JA9)
China Agritech Inc. (CAGC)
China Automotive Systems Inc (CAAS)
China Cord Blood Corporation (CO)
China Fire & Security Group, Inc. (CFSG)
China Gengsheng Minerals Corporation (CHGS)
China Green Agriculture, Inc. (CGA)
China Integrated Energy, Inc. (CBEH)
China NutriFruit Group Limited (CNGL)
China Pharma Holdings, Inc. (CPHI)
China Ritar Power Corp (CRTP)
China Wind Systems, Inc. (CWS)
China Windpower Group Ltd. (HK:182)
China-Biotics, Inc. (CHBT)
ChinaCast Education Corporation (CAST)
Classic Dream Property Limited (Frankfurt: 5CD)
Cninsure Inc. (CISG)
Comtec Solar (HK:712)
Dachan Food (HK:3999)
Dragon Hill Wuling Automobile Holdings Limited (HKSE: 0305)
Fuqi International Inc. (FUQI)
Fushi Copperweld, Inc. (FSIN)
Giant Interactive Group, Inc. (GA)
Global Sources Ltd. (GSOL)
GMG Global Limited (SES: 5IM)
Golden Meditech Company Limited (HKSE: 0801)
Greater China Precision Components Ltd. (Frankfurt: 49G)
Harbin Electric, Inc. (HRBN)
HQ Sustainable Maritime Industries Inc. (HQS)
Jetion Solar Holdings Ltd. (UK:JHL)
Jiangsu Nandasoft Technology Co., Ltd. (HK:8045)
Jinpan International Ltd. (JST)
LJ International Inc. (JADE)
Noah Education Holdings, Ltd. (NED)
Orient Paper Inc. (ONP)
QKL Stores Inc. (QKLS)
Shengdatech, Inc. (SDTH)
Shigo Asia AG (Frankfurt: A5G)
Simcere Pharmaceutical Group (SCR)
SORL Auto Parts, Inc. (SORL)
Sutor Technology Group Limited (SUTR)
Synthesis Energy Systems, Inc. (SYMX)
Synutra International Inc. (SYUT)
THT Heat Transfer Technology, Inc. (THTI)
VanceInfo Technologies Inc. (VIT)
Vtion Wireless Technology AG (Frankfurt: V33)
Wo Kee Hong (Holdings) Ltd. (HKSE: 0720)
Wonder Auto Technology, Inc (WATG)
Yangzijiang (SES: BS6)
Yongye International, Inc. (YONG)
Yucheng Technologies Limited (YTEC)
Yuhe International, Inc. (YUII)
Zhongpin (HOGS)
Zhongde Waste Technology AG (Frankfurt: ZEF)
In addition to the USCCC, this Summit is generously supported by sponsors, including: The Chinese People's Association for Friendship with Foreign Countries, ROTH Capital Partners, Deutsche Borse Group, and Pillsbury Winthrop Shaw Pittman LLP.
About Halter Financial Group:
The Halter Financial Group is an integrated financial services company with a focus on financial consulting and asset management. HFG is a recognized leader in the China investment sector given the ability to use its trademarked APO(R) (Alternative Public Offering) process to provide Chinese companies with capital and a direct listing on a U.S. Stock Exchange. HFG also created and operates the only index that tracks the performance of Chinese companies that trade in the U.S. markets -- the Halter USX China Index(R). HFG's China focused investment activities include a proprietary independently managed hedge fund product that makes direct investments into private Chinese companies in conjunction with a U.S. public listing, an actively managed open-end mutual fund and an exchange traded fund based on our Halter USX China Index(R). HFG is headquartered in the U.S. and maintains an office in Shanghai with over 30 employees.
KEYWORDS: China stocks Emerging Markets Private Investment in Public Equity George W. Bush John Snow Technology Stocks Education Stocks Alternative Energy Environment Stocks Retail Stocks APO
SOURCE: Halter Financial Group
Halter Financial Group Chelsea Kindred, 972-233-0300 halter@halterfinancial.com
Copyright Business Wire 2010
Thanks man! YTEC is looking good, I didn't really like the huge end of the day sell off but at least we are heading in the right direction.
The company has been very quiet. I'm wondering if they have something in the works possibly Japanese contracts! The way I see it is this company should have never seen these levels to begin with. So I'm going to be like Mr. Buffet and buy as many of these bargain shares as I can!
Taber glad you took over the board ; "Valueinvestor" was a joke to say the least and has been always one! so glad he left for his penny stoxes!! he should be put in IHUB jail!
GL
3.71 and may be on reversal! looks solid support around bottom rock price.
I agree, nice spike on the last half of the day.
http://stockcharts.com/h-sc/ui?s=ytec&p=D&yr=0&mn=3&dy=0&id=p80538015332
I agree the chart is looking very tasty for this undervalued stock! This quarter should also out perform last quarter which will be a plus. I see it back in the $5-$6 range at the end of March/early April.
The chart looks good too, moving on low volume. http://stockcharts.com/h-sc/ui?s=YTEC&p=D&yr=0&mn=3&dy=0&id=p79701841233
Good support indicator in a day when CHINA said "hold cash" t0 her banks!
New buys
Added: Yucheng Technologies Ltd. (YTEC)
Chuck Royce added to his holdings in Yucheng Technologies Ltd. by 20.91%. His purchase prices were between $7.12 and $9.19, with an estimated average price of $8.04. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 261,400 shares as of 12/31/2009.
This one is definitely a no brainer. I love the island on the chart. It will be back in the $6 range soon!
Awesome. Thanks for that link.
This stock is ripe for a buy!!!
http://www.fool.com/investing/small-cap/2010/02/10/3-more-outrageously-cheap-stocks.aspx
New 52-week low $3.07 was created yesterday after it hit another new
low $3.12 the day before yesterday! I am glad to own near 1M cheap shares at $3.07 ~ $3.2 and already sold some shares today at $3.51 ~
$3.62 will sell the rest shares at $3.63 ~ $4.15 tomorrow. Buy ASAP!
It's really trying to break out. The tanking market is not helping it here.
This is an evaluation from October 1st, '09. "YTEC has a current Value of $13.26 per share. Therefore, it is undervalued compared to its Price of $7.08 per share."
It's the sales growth that's been pulling it down. If it receives contracts, it's going to really fly.
Yep! I got in today at 3.43! This is way undervalued. The company is profitable with no debt, and possible Japanese contracts on the horizon.
It has a value of $7.00. I think the low growth rate expectancy is holding it back. But it still should rise to its value. I got in Friday around $3.30.
Looks like the right time to get in before the correction. This is a bargain price for this one.
YTEC has never and will not ever come close to $2 you can count on that!
Value_Investor knows how to use a stock screener he posts on all the new 52 week low stocks wow what a smart guy. my 3 year old can do that
New 52-week low $3.21 was created today! Sell the pos scam at the bid ASAP before it hits another new low $3 or even below. CH11 near!
Then why did you buy a million shares? LOL
New 52-week low $3.21 was created today! I am afraid the pos scam is
heading onto $2 new low. Sell ASAP before it is too late...
I just bought in today at its 52-week low. Good luck to us!
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http://www.yuchengtech.com/
http://finance.yahoo.com/q/ks?s=YTEC
Yucheng Technologies Limited and its subsidiaries provide information technology (IT), software, solutions, and services to the banking sector in the People’s Republic of China. The company offers systems integration, software solution services, IT consulting and training services, maintenance and support, and launching point of sale merchant-acquiring outsourced services; and undertakes computer network projects, as well as engages in the sale of IT products, computer software, hardware and peripheral equipment, and communication equipment. Its software and solutions include channel solutions, such as customized online banking solutions, E-Banking ASP, and call center solutions to facilitate banks’ interactions with their customers; management solutions comprising a suite of consulting and implementation services in risk and performance management, such as asset and liability management, funds transfer pricing, and profitability analysis that help banks to collect and analyze data, and monitor and manage risks; and business solutions, which consist of transaction-related solutions, such as core-banking, foreign exchange, and loan management. The company serves state-owned commercial banks. Yucheng Technologies Limited is headquartered in Beijing, the People’s Republic of China.
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