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Click back on the post he refers to, it will clear up the confusion. Very nice charts Bernard, regards.
imho, Jerome
I take it that March 6th didn't happen, the 7th?
imho, Jerome
I was told they would(late last year), but with none out, I've lost hope now.
imho, Jerome
LOL, if they do have a stateside meeting, I will show-up to see the cold-cock!
More shares for the schillings I see...
imho, Jerome
Well, are you considering averaging down once the RM is completed? I don't know about $15, but in a couple of years, with a mini-bull run, and some Olympic China hype, this could move $5 bucks or so in a run-up.... those were the days...
imho, Jerome
It's a crapshoot. GTCI had some very unsavory characters in it. Tom Kennedy was a BIG FAT CROOK IMO. He presided over a shell game that basically bought a shell, put up a bunch of non-legit webstites, hawked it, and then let the stock go to the pinks, and he of course dissappeared, and so did the stock. Anyway, he's likely got a grabass full of shares here, being on the board (but he won't be in Sinobull), and could be dumping. Also, note that not all the shareholders voted for the RM, only about 60%, so some voted against it, and they could be dumping. Hopefully it's not the shareholders in China or Wong, as they were what made GTCI attractive to Sinobull in the first place, with the China connections.
imho, Jerome
The amount of dumpage here since the RM was announced is astounding, the 187k here today makes FEB the on the way to being the largest month so far, just halfway through:
GTCI open high low close change volume
02/11/02 0.04 0.04 0.03 0.03 -0.01 1,209,900
01/31/02 0.03 0.04 0.03 0.04 +0.00 1,260,700
12/31/01 0.03 0.06 0.03 0.04 -0.00 1,192,900
11/30/01 0.05 0.07 0.03 0.04 -0.02 2,332,300
10/31/01 0.05 0.09 0.04 0.06 -0.01 1,828,000
09/28/01 0.06 0.09 0.04 0.07 +0.00 531,000
08/31/01 0.09 0.12 0.06 0.07 -0.00 740,700
07/31/01 0.12 0.14 0.05 0.07 -0.04 1,617,100
06/29/01 0.11 0.17 0.10 0.12 +0.01 654,100
05/31/01 0.13 0.16 0.09 0.10 -0.02 580,000
04/30/01 0.25 0.25 0.11 0.13 -0.13 987,800
03/30/01 0.19 0.30 0.12 0.25 +0.06 1,178,400
02/28/01 0.19 0.50 0.13 0.19 -0.04 830,700
01/31/01 0.16 0.25 0.13 0.23 +0.10 624,700
12/29/00 0.25 0.27 0.02 0.14 -0.08 1,771,700
11/30/00 0.53 3.10 0.24 2.19 +1.75 1,117,500
10/31/00 0.75 1.00 0.40 0.44 -0.36 848,500
09/29/00 1.10 13.00 1.10 8.00 +0.00 651,800
""The Expos are considered the main candidate for relocation, but they may simply be eliminated through contraction. Lashbrook believes the Oakland A's, up for sale and still casting about for a new stadium in the Bay Area, are the most logical candidate to move to Portland. ""
This would work out fine. Portland already has a rivalry with Seattle, and this would just enhance it for the AL West. Dang, I didn't realize there would be a preseason game at PGE. A nice stadium, nice left field outfield bleachers. I hope they extend them all the way around, and you can watch the game from the street.
imho, Jerome
Shareholder Letter from Dr. Wallace Ching
What’s New...
I have been on the job for a month now. Although you haven’t heard much from me since my last letter, you all can rest assured that I am definitely earning my pay. I have been to Shanghai twice and Guangzhou/Shenzhen numerous times exploring development options for the Chinese divisions of our subsidiaries, while continuing evaluations of new acquisition and investment banking opportunities for Hartcourt and Hartcourt Capital respectively.
My review of our operations is nearing completion and we are implementing a number of initiatives designed to move us more efficiently into high growth markets and to continue the streamlining of our organization through cost reductions and improved margin opportunities. I had placed a temporary delay on press releases until I had finished my preliminary operational review. The status of our pr is now back to active mode and in fact, we are working towards installing a full-time investor relations presence as part of a new program to attract investors. We will be reviewing more information on that front soon.
Hartcourt Capital is rapidly taking shape. The organizational structure of this new Hrct division has been established and we are beginning to staff up. As a matter of fact, we are already in the process of signing up business contracts. You will be receiving additional information on transactions that we are working on as soon as it can be publicly disseminated. I can assure you that this division has the potential to become a flagship operation for Hrct. We are also presenting our Sinobull Media’s proposal to capital sources, and Elephant Talk is about to unveil a new service initiative and additional international routes. Our subsidiaries are making business gains across the board and I am initiating follow through requirements to keep investors informed as these deals begin to generate revenues. The Sinobull/GTCI listing is on track, we are currently providing some additional information that was requested by the SEC and then we just need to acquire the exact listing date and our new trading symbol. The 10k filing for 2001 is on schedule as well.
Our Strategy...
Now, I’d like to again review some basics of Hrct’s operating strategy so investors like yourself will have a better understanding of the process as our business plans unfold.
Our focus is primarily to capture opportunities in China. It is the world’s fastest growing economy and presents enormous untapped corporate and consumer markets. As the post WTO era unfolds more deregulation and liberalization will take place across various sectors, opening up an even wider range of investment and acquisition opportunities for well-positioned foreign companies. The historical and cultural architecture of China’s economy has created high barriers to entry. Hrct has established a broad network of relationships throughout Greater China’s business and government communities. In addition, our ability to provide solutions in this difficult and complex regulatory environment is a much sought after commodity as international corporate interests seek access and entry points to these vast markets. We are structuring Hrct to capitalize on these unique advantages.
We are fine tuning the commerce framework established to create interrelated business opportunities throughout our organization. This cross promotional effort is already producing increases in revenue streams and reductions in expense margins. As we efficiently drive the internal organic growth of each business we will continue to exploit the benefits of synergies existing between our companies and to drive this aspect of our strategy to new levels of revenue production, a higher competitive profile and increased market penetration.
We are establishing clear paths to profitability for our companies and are making hard decisions concerning our operations. Our focus near term is to become EBITDA positive as we re-establish solid fundamentals throughout the organization. We will be making strategic modifications to certain units and considering the sale of maturing and under performing assets while concentrating our efforts on building our stronger businesses. At the same time we will continue to aggressively identify and pursue small industry-leading, profitable, technology companies for acquisition in order to provide impetus and momentum for future growth; and to develop and expand existing and new higher margin business opportunities, such as Hartcourt Capital’s investment banking services. We will, however, monitor and evaluate the growth prospects for each sector and make the appropriate strategic decisions whenever they are warranted. One of the great advantages of our command structure is that it allows quick and effective response to change.
Our Companies...
Hrct’s expanding enterprise consists of a large network of companies engaging in a variety of technologically advanced businesses operating throughout Greater China and HK. The scope of our operations can make the integration of information for investors a little challenging. To make this process easier I have asked the leaders of each division to provide overviews of their businesses so you will have a clearer and more confident understanding of their operations and subsequently, your investment. Since we have just taken our Elephant Talk subsidiary public we’ll begin this week with Mr. Russelle Choi’s review of Elephant Talk. This is excellent work and it will be posted shortly. In my next update we will be taking a look at Sinobull.
In Conclusion...
Two things have jumped out at me as I have evaluated Hartcourt’s organization and contacted potential partners and investors over the last month; the tremendous dedication and work ethic of our employees and the broad scope of opportunity that exists for our companies. It’s not always smooth sailing but we are very well positioned in the worlds largest emerging corporate and consumer marketplace, and we’re moving in the right direction. We all appreciate your support and are working hard to deliver Hartcourt to the next level of success.
Best Regards,
Dr. Wallace Ching
Certain statements in this news release may constitute ``forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
imho, Jerome
Thanks, I put it on the GTCI/Sinobull thread as well.
imho, Jerome
I like the name of this stock, almost bought some a few years ago just for that reason. I've been by their factory, offices in Seattle too, nice breakfast shack across the street, and next to the Seattle P-I.
imho, Jerome
SHFL, CRYP, ALLY these are some gaming stocks I digged up. CRYP does look like its getting there. Let me know any others you have.
imho, Jerome
Lots of volume in past few days. I had been buying on the dip to .035 everytime for a couple of weeks when I could get it before anyone else did. I held off this time, seeing the weakness on the bid. But it got up to .04/.05 at one point today, hasn't done that in over a month.
Looks to me like they are moving shares into buyers hands, keeping the price down by selling into the mkt, while flushing accounts of others with the stock, and giving the MM a good gig for the spread, maybe hoping for a chit down the road.
GTCI open high low close change volume
02/01/02 0.04 0.04 0.04 0.04 +0.00 204,000
01/31/02 0.04 0.04 0.04 0.04 +0.00 180,500
01/30/02 0.04 0.04 0.03 0.04 +0.04 184,500
01/29/02 0.00 0.04 0.03 0.00 -0.04 0
01/28/02 0.03 0.04 0.03 0.04 -0.00 65,500
01/25/02 0.04 0.04 0.03 0.04 +0.04 52,500
01/24/02 0.00 0.04 0.03 0.00 -0.04 0
01/23/02 0.03 0.04 0.03 0.04 -0.00 242,200
01/22/02 0.03 0.04 0.03 0.04 +0.00 77,700
01/18/02 0.04 0.04 0.04 0.04 -0.00 67,200
01/17/02 0.04 0.04 0.04 0.04 +0.04 27,500
01/16/02 0.00 0.04 0.04 0.00 -0.04 0
01/15/02 0.04 0.04 0.04 0.04 +0.01 61,600
01/14/02 0.04 0.04 0.04 0.04 -0.00 10,300
01/11/02 0.04 0.04 0.04 0.04 +0.00 20,000
01/10/02 0.04 0.04 0.04 0.04 +0.00 30,000
01/09/02 0.04 0.04 0.04 0.04 -0.00 9,500
01/08/02 0.04 0.04 0.04 0.04 +0.00 22,400
01/07/02 0.04 0.04 0.04 0.04 -0.00 97,100
01/04/02 0.04 0.04 0.04 0.04 +0.01 28,000
01/03/02 0.03 0.04 0.03 0.03 +0.00 22,800
01/02/02 0.03 0.04 0.03 0.03 -0.00 61,400
12/31/01 0.04 0.04 0.03 0.04 +0.00 47,300
GTCI open high low close change volume
12/28/01 0.04 0.04 0.04 0.04 +0.00 12,600
12/27/01 0.04 0.04 0.04 0.04 +0.00 7,700
12/26/01 0.04 0.04 0.04 0.04 +0.00 32,100
12/24/01 0.04 0.04 0.04 0.04 +0.00 8,500
12/21/01 0.04 0.04 0.04 0.04 +0.00 33,200
12/20/01 0.04 0.04 0.04 0.04 -0.00 9,900
12/19/01 0.03 0.04 0.03 0.04 +0.01 38,900
12/18/01 0.03 0.04 0.03 0.03 -0.01 38,100
12/17/01 0.05 0.06 0.04 0.04 -0.00 216,400
12/14/01 0.04 0.06 0.04 0.04 +0.00 24,200
12/13/01 0.04 0.05 0.04 0.04 +0.01 116,500
12/12/01 0.04 0.04 0.04 0.04 -0.01 41,400
12/11/01 0.04 0.04 0.03 0.04 +0.01 180,500
12/10/01 0.04 0.04 0.03 0.03 -0.01 50,400
12/07/01 0.03 0.04 0.03 0.04 +0.01 27,800
12/06/01 0.03 0.03 0.03 0.03 -0.01 8,200
12/05/01 0.04 0.04 0.03 0.04 +0.01 71,600
12/04/01 0.03 0.03 0.03 0.03 -0.00 2,600
12/03/01 0.03 0.04 0.03 0.03 -0.01 225,000
11/30/01 0.04 0.04 0.03 0.04 -0.00 321,500
11/29/01 0.04 0.04 0.04 0.04 +0.00 36,500
11/28/01 0.04 0.04 0.04 0.04 -0.00 800
11/27/01 0.04 0.04 0.04 0.04 +0.00 57,500
GTCI open high low close change volume
11/26/01 0.04 0.04 0.04 0.04 +0.00 45,100
11/23/01 0.04 0.04 0.04 0.04 +0.00 43,600
11/21/01 0.04 0.04 0.04 0.04 -0.00 36,000
11/20/01 0.04 0.04 0.04 0.04 -0.00 53,800
11/19/01 0.06 0.06 0.05 0.05 -0.00 192,500
11/16/01 0.05 0.05 0.05 0.05 +0.00 242,300
11/15/01 0.05 0.05 0.05 0.05 -0.00 128,100
11/14/01 0.06 0.06 0.05 0.05 +0.00 103,500
11/13/01 0.05 0.06 0.05 0.05 -0.00 117,000
11/12/01 0.05 0.06 0.05 0.06 +0.00 85,900
11/09/01 0.05 0.06 0.05 0.05 -0.01 164,000
11/08/01 0.05 0.07 0.05 0.06 +0.01 116,000
11/07/01 0.07 0.07 0.05 0.05 -0.01 180,500
11/06/01 0.06 0.07 0.06 0.07 +0.01 135,800
11/05/01 0.06 0.06 0.06 0.06 -0.01 69,000
11/02/01 0.06 0.07 0.06 0.07 +0.01 176,900
11/01/01 0.05 0.06 0.05 0.06 -0.01 26,000
10/31/01 0.07 0.07 0.05 0.06 -0.00 280,200
10/30/01 0.05 0.07 0.05 0.07 +0.01 388,300
10/29/01 0.05 0.06 0.04 0.06 +0.01 261,800
10/26/01 0.05 0.05 0.04 0.04 +0.00 109,500
10/25/01 0.05 0.05 0.04 0.04 +0.00 165,000
10/24/01 0.04 0.05 0.04 0.04 -0.01 157,900
OK, well I do not remember the exact lineup, but I do the core, probably one of the best infields ever, only problem was that there was an infield just as good, probably the best ever, in their same division. Of the best ever, I am referring the Big Red Machine, with Pete Rose, Davy Concepcion, Joe Morgan, and Tony Perez. They were good, but I grew up in SoCal, and hated them, was a dodger fan growing up with Scully on the AM dial brodcasting the games.
1974, and my neighbor and I would re-enact the Dodger-A's WS everyday afterschool in the backyard playing stickball. But it was the Reds-Dodgers rivalry that I remember most strongly. The decade of the 70's saw the Reds or Dodgers win nine of the ten Western division titles.
The heart of those 1970's Dodger teams was Steve Garvey, Jimmy Wynn, Ron Cey, Don Sutton, Bill Russell, Tommy John, Davey Lopes, Rick Monday, Reggie Smith, Steve Yeager, Dusty Baker, and Burt Hooton.
Wynn's nickname was Toy Gun I believe, lol. I saw these guys play a lot growing up. I never really thought about them losing much in the WS (74, 77, 78)while I was young, and when it mattered, in HS, they beat the Yankees in 1981, that was the peak.
I still followed them alot in the 80's, and loved Kirk Gibson and Orel Hershiser carrying that '88 team past the A's, but not as much.
imho, Jerome
Osprey, you get into any of those, MIR, CPN, or DYN at the bottom there, they've been a nice play for volatility. Looks like a firm reversal in place now for MIR.
imho, Jerome
Sorry, haven't posted update. I dumped out of the FSUTX for a small profit before it started to tank. It's too loaded with non-utlities, don't know why they do that there. I put it into FSESX instead a few days ago. I love this sector, it's at the bottom.
I will update the ibox later.
imho, Jerome
Excel and others, what is your favorite baseball lineup ever, from the days of yore growing up with, that you remember? I will let you know mine later today, it bleeds blue!
imho, Jerome
Looks like the M's picked up Baldwin. I'm not overly impressed with him. However, he does tend to have a good spring and then fade later. So, he will provide them some wins early on, and then maybe they can pick up a strong starter later in the season with a fade away team.
imho, Jerome
SRUN has doubled in price since the RM, so we will probably be at .50/.75 range as well, if not higher. What is important is that GTCI has a group of insider buyers (maybe out of China), that push up the mk't cap to get better financing and prices for acq's, lets hope that's in the cards.
imho, Jerome
I think GTCI got their RM about a month after SRUN, so probably a few more weeks here, if that to go.
imho, Jerome
Sure looked like GTCI was going to uptick, with 5 mms on .035, then it got hit with a selling bug, and the ask was down to .035 again, so I picked up a few more shares.
imho, Jerome
Good point, BB instead of OTC, if it's OTC-BB it clears up the confusion.
imho, Jerome
The bias should obviously be toward the good companies, what good is an index full of .02 stocks that do $2500 worth of trades daily? A longer m/a of price times volume is better, otherwise its just a momo index, but that's what most bb's are good for anyway. But I think if you are wanting to create a good longterm index, you choose the best companies, which rise and fall with the mkt condidtions, not the momo players swarming.
imho, Jerome
Volume, I would tend to be on the lower count, because otherwise, you are going to wind up with an index full of .01-.10 stocks that are so-so, and exclude some of the best OTC's with good managment that resists dilution.
If you look at a stock like BMKS, with 144,000 daily average, that's fine, it should be on the index. Now, XNET, has a daily volume of 36,000, so a higher volume average would exclude XNET.
However, BMKS trades at .015/.02 and XNET at .27/.32, which means that BMKS trades on daily average $2,520 worth of stock, while XNET trades on daily average $10,620 worth of stock.
So, probably a combination of a lower average daily volume, combined with a minimum net dollar amount traded daily is your best bet.
imho, Jerome
For sure:
+ Minimum share price of 1 cents should also be considered...
I don't mind pennies, but this sub-penny stuff sucks, one stock I own CMIH, has enough 0's on it to be worth less the par value of the issued shares.
imho, Jerome
Hey, thanks for the news! I can't see Griffey playing out his career with the loser Reds, I bet he goes elsewhere, how long is his contract for, you know off hand?
imho, Jerome
I am flat, but I think I'd rather be short than long at this point. Longs and shorters are hoping for a bump to sell into at this point.
imho, Jerome
Looks now like the COMPX is going to retest that low of this morning, from there a bounce up is likely, if it keeps going down, certainly a trend indicator.
imho, Jerome
Good:
>>You could suggest that posters propose companies that they believe are genuine - giving supporting evidence - as potential components of the Index and that alone should boost the Daily numbers of Posts on iHUB and save a lot of research work... <<
Duh. Did you think I was just doing this for kicks? :)
Perhaps letting the community vote for their favorite companies on the OTC (with certain qualifications) and have some sort IRV setup for vote tabulation, in order to get the number down from the thousands to the few hundreds:
http://www.instantrunoff.com/irv.html
Have each member propose their own, say top 50(or whatever) OTC's, and then use the top 200(or whatever) for the IHUB:OTC index. You could set it up weighted as well, like the QQQ, measuring some stocks more than others. In fact, the QQQ is probably a good model.
I think the index would be more interesting to have an actual price, rather than a portfolio value.
What would you consider "high OI options" Over 1,000?
imho, Jerome
Hey Bernard, I was hoping you'd see this thread going.
imho, Jerome
Wow, great idea, Matt should let us make submissions and criticisms as well. I would veto any stock that has had more than one RS or more than one name change in the past five years for sure!
imho, Jerome
A net negative week last, and this week? If it is, then the trend is probably changing.
imho, Jerome
You know, with friday coming, I think there is a lot of special interest with ITM options holding their % gain while seeing the position through.
I'm glad you brought this up, because it provides a good solution of something that I've been thinking about. In shorting a 50-60 stock, it takes a lot of movement to get a large % gain. I could just buy a ITM put that is around $20, and it would likewise move dollar for dollar.
I've had a hangup (probably from playing pennies to long) of getting OTM options above the $1-5 range (sometimes I even go for the .25-50 centers!), but need to break out of that one. So, I'll check out some ITM puts on those two stocks I mentioned. If I can get a Feb one, with the time premium small, that'd be nice.
imho, Jerome
OTM by about 5-10 points for a stock like BRCM and NVDA, in their downward trend, if this is a reversal(sure looks like it to me).
Thanks for the OEX option, I will watch it.
imho, Jerome
I was just trading short into the impulse from last thur/fri, and got out eod yesterday for a nice move. Like you, I don't want to put with options until I am more sure of the trend (that could be anytime). I am mostly concentrating on BRCM, and probably NVDA if it gets a good enough bounce. I am looking at some Feb puts for these, probably next week is a good time.
I haven't done OEX before, but will take a look, whats your outlook there?
imho, Jerome
If I'm on the wrong side still after a little while, I bite the loss. I think this is a headfake on the NDX/SOX, and got stopped out of my profitable shorts, just because...
imho, Jerome
A straddle is when I buy both put and calls at the same time. I have a volume indicator on the QQQ's, where I see big traders enter in blocks of long and short simotaneously, and then they would trade off the sideways up and down action those positions. Same thing with options, in sideways markets. You don't know where it's going, so play both positions.
Once it breaks, some sell the loss and keep the gainer, othertimes, when you think its just a st cycle, you sell the gainer, and then hold the loss when the mkt is turning, selling it off of the rebound.
I've only done it a couple of times, it takes a large position to be worthwhile. But it cuts down the risk, thats why large players use them.
imho, Jerome
yea, could move up, I am close to seeing the st BRCM trendlines going down being broken. Probably a leg up, then down further.
On edit, the BRCM trendline is being close to broken, but the NDX is still down, so I will remain short. I'd like to buy some puts whenever we get a leg up, maybe not play out till wed or so.
imho, Jerome
BRCM has options in Feb, then in May, I would usually play the Feb ones at this time, and am watching RCQ Nj, RCQ NI, RCQ NH, AND RCQ NG.
I trade most of my stocks off of the futures, but rarely enter into the furtures for a trade, because the stock options are more volitile. Index options offer you more strikes, but less volitility. So, futures are my indicators.
For me, I do best when I go short first, then establish a trendline that shows I'm correct, and then enter options from there. I only play options when I sense a mkt trend reversal, like now, or soon. Otherwise, it's best to use straddles in the futures for fulltime, or it can get very risky.
imho, Jerome