is...hopefully making money
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PERT's actions make no sense. The market wants this stock all day long at $.39+ yet they jump .02 ahead of the next seller every day. As soon as PERT moves out of the way share price jumps right back up. It is like they don't even care about getting market value for their shares. Mindless dumping and a seemingly endless supply of shares. This is really starting to annoy me.
Personally, I need to see 48 hours of trading not dominated by PERT to get that warm and fuzzy feeling.
I still see PERT there but they are on a $.42 ask now. Perhaps they have dumped all the cheap shares that they needed to in their fire sale. If so, we should begin our ascent.
Just loaded up some more -
Filled Buy 10000 JADA Limit 0.36
Their management has hinted at 100% revenue growth for 2010. With their WFDS being a higher margin solution than their others, and that being the major component of future revenue growth, it possible that we could see their EPS increase by 100%+ from current levels by year end.
Assuming that they trade at the current multiple they would be trading around $40-45 this time next year.
My disclaimer: I don't presume to be able to predict future share price, and all of these predictions are based upon loose management guidance. Their revenues could exceed our wildest expectations or their management could be way off.
I sure hope so. The word PERT has just surpassed the F-bomb as the dirtiest 4 letter word in my vocabulary. If I really despise someone I tell them to go PERT thyself.
Last night I dreamt that PERT ran out of shares to sell. It was so sweet.
Market up 1% and JADA down 5%. The seller is obviously desperate to dump shares. I tend to agree with Pappy that they likely need cash. They have over 30 days before earnings, so I doubt that it is because they expect a negative surprise.
Most likely that would hurt it short term closely followed by a correction back to previous support levels. All my opinion only.
IMO it is likely people who are growing impatient of this stock trading sideways and are looking at other short term interests. I, on the other hand, don't feel like chasing when earnings or an acquisition is announced because I have a feeling the PPS increase will be violent.
We will probably continue to trade sideways with mild up and down days until some news comes out and I am fine with that. Anyone who has done their DD on this stock knows where it is going in the next few months (at the most).
This is a great range to continue accumulation. There has been great support at the low $.40's so I feel confortable loading up on any small dips. If they can show strong earnings for Q4 we are off to the races.
Also, it will be really nice to look at Level 2 some day soon and not see PERT their dumping shares. They can't hold it down forever.
It was actually this site that had JADA earnings as the 18th. Guess they were wrong.
http://www.dukascopy.com/swiss/english/forex/traders_contest/
Thanks for the update ACTO
I found a site that indicated JADA's Q4 2009 earnings release is today. can anyone confirm that?
Found it. Seems it is the end of March.
Lotus Pharmaceuticals, Inc. (LTUS.OB)
Expected next earnings release:
Announcement date: 3/30/2010 - During Market
Earnings Quarter: Q4
Announcement Status: Unconfirmed
Can anyone confirm their earnings release date? I have 2/16 but I can't recall where I saw that date.
It is going to take volume coming back to Chinese stocks or a catalyst such as earnings or acquisition announcement to get the stock moving. Not many Chinese stocks are moving without news right now.
CCME has weathered the pullback very well and will be a star performer in coming months IMO.
Should be a fun day today. Shanghai and Hang Seng indexes are both up over 2% and the American futures are up as well. We'll know it is the real deal if we see volume come back today.
Pigs and Cigs are going to pay us well in 2010, for sure. I added a nice chunk to my core position at $2.30 today.
Filled Buy 1800 CKGT Limit 2.30
China Kangtai Cactus Biotech Awarded $2.1 Million Contract for Patented Cactus-based Low and Zero Nicotine Cigarettes
HARBIN, -- China – Kangtai Cactus Biotech Inc. (OTCBB: CKGT), a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, announced today that it has received a RMB 14.30 million (approximately US $2.1 million) one-year contract for cactus-based low and zero nicotine cigarettes from Suifenhe Xinyue Trading Co., Ltd.
Suifenhe Xinyue, based in Suifenhe City, Heilongjiang Province, has been a distributor of health care products and bio-tech products since 2001.
In the fourth quarter of 2009, China Kangtai launched two new cactus-based cigarette products, low nicotine and zero nicotine cigarettes, and by December 31, 2009 had generated sales of approximately $316,000.
The low nicotine cigarette lowers tar and nicotine content by 70%. The zero nicotine cigarette, which is made without tobacco, eliminates nicotine and greatly reduces harm related to secondhand smoke, yet still offers taste and enjoyment equivalent to regular cigarettes.
China Kangtai CEO Jinjiang Wang said, “The demand for our newly launched cactus cigarettes has exceeded our expectations. This contract underscores our capability to distribute our health-preserving cigarettes to the Chinese domestic market. The cactus cigarette market shows huge potential for growth in China. China has about 390 million smokers, accounting for 30% of global smokers. Our previously announced five-year production agreement with Jiangsu Nanhuanghai Industry & Commerce Co., Ltd. will enable us to meet cactus-based cigarette demand.”
About China Kangtai Cactus Biotech, Inc.
China Kangtai Cactus Biotech, Inc. is a leading grower, developer, producer, and marketer of cactus-derived products, including nutraceuticals, nutritious food, health and energy drinks, beer, wine and liquor, extracts and powders, and animal feed. China Kangtai controls over 387 acres of plants and maintains an active R&D group that holds 18 product patents and is seeking another 12. China Kangtai's high-quality “green” products are sold throughout China via a distribution network that covers 12 of China's 23 provinces and two of China's four municipalities. More information may be found at http://www.biocactus.com or via e-mail: chinakangtai@gmail.com.
That is definitely positive news as far as the market is concerned. Tomorrow is a very big earnings announcement day too. Bank of America, Wells Fargo and Starbucks are a few with earnings announcements. If the Banks produce a positive surprise, count on the rally catching fire.
Pigs & Cigs - LMAO. I think we just found our 2010 CKGT maxim. Love it.
I couldn't agree more, I'll be like hungry-hungry hippo chomping up cheap shares during this down trend. Anyone who is long LT and has some cash to move around should be very happy to see these prices.
Capitalizing on the pullbacks it what it is all about.
Agreed. A great CCME buying opportunity for anyone who was on the sidelinew or looking to add to their position. Then immediately followed by a flood of people who panic sold and are now chasing it back up after a "what have I done?" moment.
CTXIF is continuing its nice march forward while most everything else pulls back. With EPS estimates of .39 for 2010 and .61 for 2011 there is still a lot of value even at current PPS IMO.
$100 Million in cash after this, I'm imagining that they have something big on the near horizon. I hope we hear about an acquisition soon.
They expect the new direct sales facility to be operational by Q3 2010 and expect revenues of $28M via their direct sales channel by 2012. If you couple that with the growth of their current products (they intend to introduce 5 new drugs in 2010) you have an impressive growth story. They had $2.5M in cash and $60M in shareholder equity as of September and a management team that loves to pay their way with cash. Little risk and a huge upside.
My 6 month price target is $3.20 based upon earnings growth and a 7x multiple. They won't be hanging around in at 3-4x earnings much longer IMO.
LTUS Chart. Strong uptrend and support at $1.40. I'm glad to be holding this stock.
LTUS Chart
Wow, loving the volume for LTUS today. The big money seems to be jumping in.
LTUS - new 52 week high at $1.40
CTXIF chart - Looks like the up trend might be trying to gain some steam.
CTXIF Chart
If BSPM tests $4 I'll be ready to pounce all over it. I am enjoying the opportunity to load up on cheap shares.
Just hit the 52 week high. Time to push through it!
I've come to accept that we aren't going to get a lot of news out of these guys. However, with all of the stuff that is in the pipeline for them, what news we do get in the near term should be profound and light a fire under the PPS. I'll take substance over quantity every time and CKGT has plenty of ammo for substance.
Taking some nibbles at BSPM in the $4.20's and loving it.
CTXIF is on another breakout. Up almost 10% so far today.
CTXIF is on a tear today. Up 36%. Loving it.
I am back in at $2.75. I was one of the newbies that jumped ship when the news came out. I'm still relatively green under the collar as it relates to Chinese micros and this is the first major position that I held that had to make a large non-cash adjustment. For those without a great deal of experience with these matters it is relatively nerve racking to hear about such a large revision to GAAP earnings.
I knew that GKGT had excellent cash flow and that this event didn't effect that. I also knew that CKGT had (and still has) excellent forward earning potential. What I didn't know was how the market was going to react and there was a lot of negative sentiment on the boards at the time.
As you said Traderfan - lesson learned. I'm more knowledgeable now because of this and it was a relatively cheap lesson - about .10 a share.
I'm glad to be back in GKGT. The future is definitely bright for this company.
Does anyone know why ORS is getting dragged in the dirt? Is it because of their accounts receivable and cashflow?
Agreed, we are not far apart. I saw little short term upside to holding shares and, to the contrary, a potentially large selloff depending on how the market reacted to the news. If this was interperited as another Chinese company that was hiding bad financials, regardless of whether or not I thought that was the case (which I did not think was the case) the stock could have easily taken a 30%+ hit overnight.
Thankfully the market proved to be more savvy than I gave credit for so I will have to jump back in at the right time. If I lose .10-.15 a share, so be it.
I have seen many thousands go up in smoke at the hand of market sentiment - so I play the finacial news game conservatively.
Like I said though, I really like the company long term.
The floor had just settled around $2.50 before Thursdays news. What we have today is all of the long holders increasing their positions on the dips, and that will fizzle out soon as they run out of money. I predict we will see a new floor around $2.30 by the end of this week and I will have a buy position at that price.
The warrants represent a 15-20% dillution. That will have a short term effect on the SP.