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,,, nice hammer on the chart,,,,could have fireworks tomorrow,,,,
,,,market maker did fabulous job on the shorts today,,,,,
,,,well shorts alive and well,,,trying to force the issue,,,
,,,Let review , why we own CTGLF
l. it is essentially a spinoff of China Merchant Group mentioned in the above summary,,
2. the management have honest credentials to the point of overkill and all are Hong Kong chinese and western educated and trained by western companies
3. maybe the most important,,MONEY,,,,young companies everywhere in the world always have money problems,,,this one does NOT,,,it can have all the money it wants from the mother company,,CMG
4. it has a Monopoly in market share ( the best contracts in China steered to them by the mother company ( the mother company management are the top cadres in the Chinese goverment ) in addition, China wants to have its own IT services Brand ,,,CTGLF is the chosen child to become that National Brand of china in this space
5. i could go on but do i need to say more,,,,you will hear me continue my rant about Monopolies , simply they are hard to find at the beginning stages of development with the leverage that CTGLF enjoys,,,,,,,
FYI, players on this board,,,,who might be tempted with the aforementioned stock,,,,you want to stay as far away as possible,,,it has the blueprint of a classic pump and dump scheme many chinese are adept at,,,,,( aquaculture projects have no viability unless co-ventured with a major multi-national corporation of Hong Kong orgins,,,( they are the only ones who keep honest books ) this goes for any other venture in china for that matter if the management has no hong kong chinese involved,, put your money on the roulette wheel instead,,,,
As it so happens, my company spent 7 years in china doing aquaculture joint ventures (transfering technology) with municipalities from beihai to shanghai,,,,,
My own opinion of HQSM is their is nothing commensurate about the company to CTGLF,,,,,,,,
,,,CORRECTION ,,,JOHN KIM is of korean ancestory,,,
,,,nevertheless this is a blockbuster story,,,,
,,, one coincidence that is too cute for me,,,west palm beach is too close to atlanta georgia , where one of the more vicious bashers of this stock resides,,,,,,
,,,stay tuned to cnbc for more on the KL Financial story
,,,without getting excited,,,,you guys might turn into some of the luckiest guys in market history,,,,,
Doug 123 and others share your thinking,,,,its a very possible scenario,,,,and i read it differently,,,,
,,,,just hit the news on CNBC ,,,,the odds are not high they are the crowd on this stock,,,,but nothing is impossible,,,
Heads up alert,,,,,KL Financial ( a hedge fund out of florida specializing in short trades only ) was just suspended from doing business this afternoon by the SEC,,,,,
The founder "John Kim" of chinese nationality , had over 30 floor traders,,,with 200 Million to 400 Million in assets,,,
Is it possible that we all should be so lucky that these were the predators on this stock ?
Everybody check their horoscope,,,,weird things happen sometimes,,,,,,
,,,thx,,,in order to keep shorting they must use multiple accounts as sooner or later they exhaust the box of a single house,,,,,,
Doubloom,,,,
i found this room on a GOOGLE link on the first page,,(it is no longer there) ,,i respectfully suggest you figure out how to keep this link on the first page,,,,there are more chinawatchers out there around the world looking for information than we can estimate,,,the drum beat of China growth grows louder by the week,,,,,and this is their chosen "BRAND" name for IT services and a proxie for its growth in China,,,,the manufacturing HUB of the world as the low cost producer,,,,,,,
,,,,CTGLF and its MONOPOLIST ELEMENTS,,,being the significance here,,,,aside from TASR,(not to last much longer) BTW i welcome an introduction to another one ?,,,even in the drug market,,,,,(sorry !! hehe, biotech field),,,,, the upside to a monopoly commands multiples beyond reason and logic,,,,,,
as a china "play" their is no stock commensurate with CTGLF either for a investor or as a venture capitalist for leverage ,,,,the private placement holders invested 6.4 million dollars @ .20 and .40 cents,,,,,
,,,,not a problem,,,,my current estimates of short interest in just the last 60 days , ,,,with approx 11 million share volume,,,is easy 40 percent and more probable 60 percent of the above,,,,,,the last 90 days pushing 16 million shares volume,,,,everyone else can figure the upside to their own expectation,,,,,
WOW,,,, i love those expectations,,,whether they manifest or not,,,,i will be thrilled with a $5,00 dollar swoon into paradise,,,,,,,,,
right now the float is tight and getting tighter and i along with my friends hold enormous positions,,,,,,2005 should see at least 5 bucks,,,,the outstanding shares are not a problem in 2005 but moving into 2006 is another story as tons of stock come off 144 restrictions,,,,,nevertheless we have a MONOPOLY here,,,and when it begins to demonstrate that in an obvious way,,,,,any number out of the air in not beyond the possible,,,,,,
,,,when you watch the tape volume over time,,,,the signature of short interest becomes obvious,,,,i could care less either way,,,,as its been years since of have seen a chart repair itself in this formation,,,,,,,,
good news vs. bad news
the obvious good news is we have an accumulator show up today, (lucky guy getting cheap stock) the bad news is the shorts smothering every buy order,( one day they will go to "well" to borrow,,,and their won`t be anymore,,,,
,,,this article is on the "Bear getting tired in China",,,
http://www.thestreet.com/p/rmoney/chartistrm/10210856.html
It seems resonable that updated financials would be neccessary to seal any deal with these investment houses,
generating buying interest at this conference of course is a big plus , and the best kind of interest would be sponsorship of an index fund ( exclusive china stocks ) using CTGLF as a proxie for IT growth in China,,,,my source suggests that the recent Q and A session reflects that possibility,,,,,
,,you sound like smart ass hustler to me,,,,,there were only a couple of trades today at .20 both hit the bid,,,,you didn`t get shit,,,,so whats your story ? group bounce ? give us all a break, pffft
,,,put aside fundamentals for the short term,,,,the irony of the technical formation ( massive cup and handle ) with a "W" printing out within the handle (another double bottom) clearly signals the explosive upward thrust we will see shortly,,,( tape watchers know the short interest is caged in the bear trap above .20 )
,,, hopefully updated financials will be filed by conference time, to maximize their presentation
if the short interest is as high as the chatter seems to indicate , we might see a dollar in the near term or better,
I agree the CMF is awesome and accumulation trend impressive
i have scrolled thru the database on yahoo message board for the last 15 months,the only voice of reason and relevant informtion is orchardlark,he apparently has been to the shareholder meetings and met management and been in the room since reorganization,seems to be an active player with a major long position,read his posts ,make up your own minds,
what happens if they catch naked shorts like cockroaches when
lights go on?
china is low cost manufactering center in world, this stock chosen by central committee to support as " the Brand name " of china and proxie for china growth in technology