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This one could get ugly after earnings....
CCGY should really fall after earnings, too many one time charges and tax issues that may come to light here. You should pick this up pretty cheap early next week...if not tomorrow afternoon. I think insiders are dropping now.
So earnings will be announced on Friday and the stock is dropping just at the thought.
That said of course this one could go sideways (up and down a bit on each side) over the next few weeks or even months but mid to long term this one is still a good investment unless something bad happens. Are there better short term investments out there? Maybe yes, probably also yes.
This is why I'm asking if it's wise to get out....chill for a few months in something else..then July or August, a few months before earnings, hop back in.
$1 is not my prediction...I'm just looking for wise advice..News always seems so bad..in fact not once has news been positive.
My thinking is that thre is no proof of performance until next Oct....just heresay and wierd PR
apathy
Do you think we trade between $1.10 & 2.35 until next Oct. when earnings are released? Even then, there should be a lot of one time charges...and other odds and ends that may push hope into 2012. This stock does not seem to rise on good commodity days anymore. In fact it now goes down when oil is up and down when oil is down. Wouldn't it really be wise to sell now and come back in around July or August?? Looking for honesty here.
"Kinda Funny" I spit my ice water all over the computer screen...
Thanks Kuwlness...Yes, i'm a long around 5-6K avg .64 or so...It gets frustrating when you know you've got something good but everybody is busy looking the other way.
Didn't we see those upper 40s! And besides I can be in real bummer moods at times...
It's time to get excited about this one again!!! Read This !
http://www.thestreet.com/_yahoo/story/10621219/1/3-stocks-with-unbelievable-expansion.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Yea..but we are all kind of blah..blah..whatever by now..Plus if I'm understanding you guys it can't go above 2.35ish for the next several months.
The trouble now is that we are going to drop pretty big over the next 60-90 days. New investors will get to start from sratch again(scratch probably being sub .90) Then, we get to go through all the same crap next year...oh...now just wait until 2012, then ...oh 2013...by then there will be a great alternative to refined oil. Once a year earnings reports..consistent buffoonery on managements behalf, PR statements that seem like direct translations from Confucianary Times. This is not worth our trouble and heartache anymore.
Looks like the typical 11am top-out. Get ready for more .48s
There really is no concrete reason to buy this now...right?
The rule for LPIH...Any PR...news...earnings...we sink. Tchuess Dudes
Yahoo posts are a lot more freaked out than you guys..Well I quess we can't go up now..or even back to $2 for quite some time. Nuts
I'm so sorry !! Bloomberg has the short interest posted as 11,000.000 Notice the decimal, not a comma before the last set of 0s. My fault. Short is about 11K
Yes sink. Good news, PR, conferences etc...always seem to drag this stock down.
Great news from Red Chip....based on tradition..we should start to sink.
http://finance.yahoo.com/news/RedChip-Companies-Announces-pz-445074409.html?x=0&.v=1
Wow...the shorts have arrived. nearly 11 million shares...they must text each other.
Forgot to mention!! This new facility is on a port that passes and ships directly to freekin' Shanghai !!
http://en.wikipedia.org/wiki/Shanghai
I was reading the posts on Yahoo as well as i-Hub. I don't think people understand the value here. Anytime there is a conference or PR or earnings release the stock will go down....typically because of an over exaggerated hick-up of some sort. These China stocks are not the fast food, gimme some false hope stats now so I can make a quick buck stocks. They are companies with extremely good growth potential in an unbelievably emerging market. Weather its 4 months or 12 or even 18 months....whatever the timeframe...its a short one in the big picture. This is a BUY! In fact it's an incredibly insane good buy at .60....70..even a buck or $2. If you are just a quick trader looking for a dime or so, I've got nothing against you, but any little bit of PR will send your blood pressure through the roof.
Last week we laid the ground work for $2 bucks and laid a floor of around $2.06. We climbed another10-15% this week and are laying what seems to be a floor of around $2.36. 10-15% in a week is prety good...most people look for that kind of return over a year! $3 bucks by the end of Oct. may be a bit of a stretch...but we get the point. This thing may scratch its way to 4 or 5 clams by June...that would be another 100% return! My point is that it may be slow for a while ...but remember where we came from and if you've got some time & patience think about where we can go from here.
I see we are getting our usual pull back from the high. This could be one of those opportunity of a life-time stocks. Read this.
http://www.fool.com/investing/international/2009/10/18/the-investment-opportunity-of-a-lifetime.aspx
British-Chinese Consortium. Don't forget LPIH also has it's own rail system for local/regional delivery.
http://finance.yahoo.com/news/Iraq-approves-oil-deal-with-apf-2026948589.html?x=0&sec=topStories&pos=main&asset=&ccode=
Everyone is just catching their breath....stepping back and looking at the big picture. Traders are looking for a quick scoop under $2.....investors want to get a grasp on what is really happening. Lets be happy with $2-ish until the next deserved leg up. In the meantime babysit your ccgy's, qasp's....etc.
We had 1.3 million shares trade hands today...i'm not sure what to think. Are most traders ? Are short sellers in the mix now? This is truely a wonderful stock to own...I feel over- reaction is a bit out of control. Shorts can be sneaky
Over on Yahoo they are talking about a bad 10Q, with a big tank coming tomorrow??? I really don't see it...
Back below $2...we can't seem to hold above that today.
Looks like a lot of afternoon sell-off. folks like to sell before the weekend and take profits. 1.82 could be the new 1.42
Will The Stronger dollar Push Us down today?
Don't you mean 1.55 to 1.70 in a few days?
I think we had our quarterly pop yesterday...we may have to wait until Nov. or Dec. to break that .70-.75 resistance. I think most of the upcoming news is built in...we may finaly get back to the resistance point when news arrives.
The big boards are moving and shaking and we are stuck in Rural China....I hope you are all diversified.
In a nut-shell, look for little to no movement this or next week. Little downward possibly due to impatience
Lets face it LPIH will fall .7-.10(maybe more) on Friday simply because most shareholders are traders and have run out of patience. Although the company is strong with good positive earnings, its just not happening in most of our timeframe. I'm also not going to pump some other lame penny Chinese stock that might go up .0025 because of some false hope. Go back to the big boards, make it slowly like the big boys.
I think he did a fine job, ok he's not the best orator, but everything looks great. Some might be talking it down to jump back in.