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Just what we don't need but, what we can have is a few responses to Barrons on the article by you long time experts in China stocks.
One other point. Who cares how you get on the NASDQ. Reverse merger is just a shortcut taken by many in and out of the US. After that, accounting and SEC observation is the same, either good or bad, for any company no matter what was your method of birth.
CCME - Hell Burp -
Since posters can make up tales about how the stock is a scam, just create a new identity and make up a plausible tale of a dividend or buyback.
In this enviornment, the old old low of 8.50 can easily be breached. The shorters have an open field in front of them. Bottom, unknown.
I suppose the piece of information we all need is what is their target? 8.50? Then they cover and ride it to $15.00. Is that the process?
Indicators yet to be released -
More good or bad news to come?
Aug 24 10:00 AM Existing Home Sales Jul
Aug 25 8:30 AM Durable Orders Jul
Aug 25 8:30 AM Durable Goods -ex Transportation Jul
Aug 25 10:00 AM New Home Sales Jul
Aug 25 10:30 AM Crude Inventories 08/21
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment - Final August
OTC Volume - That is an amazing drop starting in June. That and the NY Times article which shows withdrawal from stocks overall (starting about four months ago) and into bonds shows a lack of trust in US stocks. Too bad they don't know of, or trust, China companies. As I have said before, a full hour TV show, or shows, of growing China stocks which are SEC registered and reporting would be helpful. However, the 'big boys' in TV don't believe in Chinese stocks and/or don't know anything about them.
Ten Amigos -
Reply from Traderfan
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53594196
Next 10 Amigos list -
First, in general if it's not on your site with a score of 10+, forget it (in most cases).
Second I'm almost afraid to have a list at all since it seems to be a target list for shorting if thay are capable of being shorted. Therefore BB stocks are a best bet since they are overlooked.
I have provided no justifications except in a rare case.
CCME - This just can't last can it?
CHBU.OB
CGPI.OB
KNDI - Small electric cars are about to take off in China with government subsidies and government installation of 'replacement stations' where car owners lease the batteries and exchange them at these stations. The batteries are then slow charged (saves battery life) at night. A small KNDI Full Speed EV (latest version not yet released and no photo available) cost about $4,500 after the subsidy. Sales in the second half are expected at ~ 3,000 which will produce 0.25 - 0.30 in net earnings.
AWRCF.OB
LTUS.OB
JADA.OB
CBP
CCLTF.OB
CKGT.OB
CCME - Are the shorts protecting some options? We will see on monday.
CCME - Think shorts inability to drive it down on this low volume, the reduced shares available to short, institutions nibbling at shares, and options expiration tomorrow are all good signs. Also Venus and Mars in alignement likely more important than logical items.
We have current PEs, forward PEs, etc. Anyway. it shouldn't be sub $11.00
CHBU - That makes it sexy now.
Another 'glass ceiling' is the PE. While if this stock was operating in the US, it would have a PE of 15-20. Not so for China small caps. They get only half of that. Don't know why but that is the way it is untill we 'get more respect'. In Rames wonderful summary of recommended stocks (those with a score of six or greater) of those 93 there are only 31 with PEs greater than '7'.
http://www.fixyou.co.uk/tracker_scorecards.php
So CCME has a 5.7. At least a 7 will get it to $13.50 on current earnings. To get to analyst $18 - $22 earnings will have to grow 50% which it likely will in a year.
Good point, third Friday is coming.
I really think the head scratching is due to the shorts. I don't know why, but these China small caps. are in play for the 'shorts'. I don't have a good list of them but I'm in two, KNDI and CCME. I don't understand it either since I'm not inclined to short stocks.
There is still those 2+M short shares out there. The shorts are praying for,one, the Chanos predicted collapse of China and, two, counting on institutional investors not buying everything that hits the trading floor in the area of $11.00. I believe that they are both working against them. China will control thier economy and grow at a minimum of 8%. Current institutional holders and new ones are buying and are not looking for shares at sub $10.00 and are willing to buy them right here. That, eventually, maybe next PR, next acqusition, or next quarterly, will result in the also eventual short squeeze to $15.00.
But what do I know. If I were you I would seek guidance from the Governor.
Real simple, great and growing company in the right space, fertilizer. All you hear now on CNBC is agriculture. This is another stock like CKGT. Overlooked and a low, low PE which will be a times two or three stock in a year. May take time before anyone finds it. GeoInvesting likes it:
http://geoinvesting.com/companies/chbu_china_agri_business/research
Depends on your default media player.
CCME - Shorters lurking in the wings and institutions waiting to pounce upon them.
CCME - Only way to WOW the crowd is to hit a Chanos or Cramer poster with the gavel.
CCME - One hell of a game !
CCME - Do you think that is updated instintaniously or daily?
CHBU - Surprise, surprise. Little CHBU put out an earnings PR.
August 17, 2010 9:00 AM EDT
XI'AN, China, Aug. 17 /PRNewswire-Asia-FirstCall/ -- China Agri-Business, Inc. ("China Agri" or the "Company," OTC Bulletin Board: CHBU), a manufacturer and distributor of organic agricultural application products in China, today reported higher sales, net income, and earnings per share for the second quarter 2010.
Second quarter 2010 highlights
-- Sales increased 391% to $3,452,574 in the second quarter 2010from
$703,875 in the second quarter 2009.
-- Gross profit increased 134% to $1,207,644 in the second quarter 2010
from $515,223 in 2009.
-- Net income increased 205% to $753,221 in the second quarter 2010 from
$246,901 in the second quarter 2009.
-- Basic earnings per common share increased 200% to $0.06 in the second
quarter 2010 from $0.02 in the second quarter 2009.
-- Diluted earnings per common share increased 150% to $0.05 in the second
quarter 2010 from $0.02 in the second quarter 2009.
-- As of July 31, 2010, China Agri-Business had established 346 Direct
sales stores and about 100 Super chain branded stores.
Mr. Liping Deng, Chief Executive Officer, President, and Director of China Agri-Business, Inc., said, "Our 391 percent growth in sales and 205 percent growth in net income in the second quarter 2010 over the second quarter of last year was primarily due to our aggressive expansion of our direct sales stores. In the first half of 2010, our sales increased 326 percent and net income increased 207 percent, compared with the first half of 2009.
"We are continuing to grow. We opened 101 new direct sales stores in the second quarter and another 46 stores in July, so our direct sales stores totaled 346 at the end of July. We expect to reach our year 2010 target of 500 direct sales stores early, by the end of October 2010.
Read the rest:
http://www.streetinsider.com/Press+Releases/China+Agri-Business+Reports+Higher+Results+for+the+Second+Quarter+2010/5903676.html
CCME - no pre-market trades, what a shock.
CHBU - New sales strategy paying off -
"The increase in sales was primarily attributable to positive reponses to our ?New Agriculture-Generator? campaign, which was designed to expand our distribution network directly and to establish a closer relationship with farmers through agricultural cooperatives in the rural areas of China. Sales from our direct sales stores amounted to $2,764,522, approximately 80% of total sales in the three months ended June 30, 2010. Sales from our super chain branded stores amounted to $185,864, approximately 5% of total sales in the three months ended June 30, 2010, an increase of $57,479, or 45%, as compared to $128,385 in the same period of 2009. Sales from our traditional sales network amounted to $502,188, a decrease of $73,302, or 13%, as compared to $575,490 in the three months ended June 30, 2009. As of July 31, 2010, the Company had established 346 direct sales stores which are controlled and managed directly by the Company, and approximately 100 super chain branded stores. The majority of these direct sales stores and branded stores were located in the Shannxi Province (local province) and some of these stores were located in the Hunan and Sichuan Province."
CHBU - With the store growth likely 0.30 EPS next year. Another China stock witha PE under 3.
CHBU - 10Q $3.4M sales 0.75 M Net
Q to Q Revenues up 226% Net profit up 220% 0.05 EPS
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7107824
CHBU - The streetinsider repeat of the 8K here at the end of the day helped get some interest in advance of earnings.
http://www.streetinsider.com/stock_lookup.php?q=CHBU
CCME - Gee, disappointment seems to have set in.
CCME - Institutions digest the data and start buying on Tues. Just a dream.
CCME - Next weeks short interest will be interesting. Last increase was 208K. Will see.
CCME - rato I agree. Most here are traders and after last years action they can't keep their hands off the keyboards. They dont know the definition of long.
CCME - I'm likely wrong, but I suspect only the investors that follow the stock closely read an NT and read message boards. Many will not know of the comments in an NT. The 10q will get some attention.
That's why I don't want him to do it!
"don't trust anything out of China", Cramer.
'We don't get any resprct.' And we won't until there is more mainstream coverage of China. As I have said before, we need some 'China only' TV coverage. I envision a one hour show, two days a week, after market hours, where a group of like minded private investors, submit clips which are assembled by either FOX, Bloomberg, or CNBC into a China investment show moterated by one of their regulars. 'China Spotlight'. Why assembeld? Because the principle is that a group of like minded investors could get together via the internet, trade ideas, and make money. I wonder if such a group exists? Of course they would need a leader that would make assignmewnts for 5-10 minute segments and rotate these. They would cover mostly individual stocks but throw in some general industry wide coverages. It would be a little amaturish but that is what it supposed to be. After all, these guys are individual investors not professional TV commentators. Each contributor would need some video equipment. Emphasize that they live all over the world and have almost never met each other face to face. Throw in a little personality. Hell, make up some stories. Have one guy use an office with twelve screens and feeds an elk out his window. You know, a little hype. But, present a concept at the beginning of each show of coverage of SEC registered China companies that are real and growing and can be 'trusted'. Of course show some basket cases of companies that have failed and are mismanaged.
Naturally, the network would provide the equipment, do the editing, and pay the contributors. Get to work Gary, Glen, etc. Get some respect for China stocks and investing. "The 21st century belongs to China", Warren. Got that Cramer!
Cramer - I'm way behind in the postings, but
Cramer doesn't like China stocks because he is comfortablre with the 40 years of experience with US stocks and just doesn't want to take the time to do the research in anything new. He is old and lazy and happy with the '1000 stocks in his head' that he touts in every show. He isn't intrerested in making money for himself or for his viewers. He is only interested in showing himself as a supposed 'expert' which is how he still thinks of himself.
CCME - I'd bet that one of our posters contacted Jacky and 'suggested' the proper way to file the NT. Think what a flop it would have been without the comments.
CCME - How can this not be at $15 now,
even if there is no growth in the next quarters and a lousy PE of 5.
I bet their plan is better than out plan.
Likely theirs is based on science, engineering, cost effectiveness, and not on emotion.
Here is one possible project:
http://news.xinhuanet.com/english2010/china/2010-07/29/c_13421048.htm