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.
The problem are those unlucky Mondays, Tuesdays, Thursdays, and Fridays.
At the current price they'd only raise 33 grand. Just enough to pay the bills (or line their wallets) for a day or two, if that.
Doesn't sound right to me either. Never trust a stinky pinkie. Just hope to flip them for a quick buck, and if that happens get the hell out and never look back OR wait for the inevitable 50-90% correction before starting the peat and repeat process all over again. But kinda hard to trade when all the volume has dried up. So here I wait, still waiting on my CCTR ship to come in too. And at this rate it appears it's going to be a long wait. Best of luck to all here.
Value Investor, thanks for the tip. Will have to check them out. In the meantime NWMT flounders. But maybe one day our ships will come in. I have a ton of CCTR by my standards and it's been dead in the water for a while. At their current trading volume it'd take me several days to unload my entire position there. So might as well just hang on to them and see if anything ever develops.
IMO the SEC doesn't have the manpower to stay on top of all the corruption on Wall Street. Same reason why a lot of tax cheaters never get audited. Just too many corrupt people in the world, and it seems to be getting worse each day.
But unfortunately the way they're operating isn't really illegal. It's just the way these tiny public companies operate. Think about it, these shell operations only go public to raise operating capital or money to line their wallets with at the expense of their common shareholders. They couldn't care less about them. That's why insiders only hold preferred stock and let the retail peons buy their common worthless shares.
Why ignore Eddy? He's just telling it like it is. But if you're not interested in the truth or what he has to say that's certainly your prerogative to iggy him ... and I assume me too now lol.
I wonder who they dump them to? Not me because my .0003 order didn't fill yesterday. Maybe today someone will sell to me, my offer is still good. And I'm only looking to pick up another couple million shares or so, sheeze Louise.
Preferred can't convert to common because there are no common shares left. After they increase their A/S by a factor of 2-4 and reverse split 1 for a couple hundred again, then you'll see the trading volume pick up (as the preferred stockholder continues his conversions).
At the rate they've been diluting a couple billion shares won't last them long so I'll go with A/S from 2B to A/S 6B. Still way too much preferred stock to be converted at the expense of the retail common stock bag holders.
Look, I'm not bashing, just not sugar coating things because I own their stock. Bought NWMT @ .0003 and CCTR @ .0007. Hoping for a quick pop in NWMT or CCTR or both to make out like a bandit and then move on to the next play. Never fall in love with a company or a stock. Get in low exit high, make money ... that's all I'm interested in. Unfortunately, exiting at a higher price is no simple task when dealing with pinkies ... or most stocks for that matter.
I agree. Why run a company if all you can make is 1% profit. Hell, it's a lot easier to just take all your money and invest it in a money market CD for about the same return and no effort. 1% is pathetic. True, it beats losing money but no real company is in business to generate 1% net profits.
Good thing I didn't bet the farm on your recommendation.
Yeah right. I bought a hundred trillion shares at .0001.
Even if this were insider dilution, I wouldn't consider raising 5 grand to be huge. Besides, for every dump there's a buy by somebody or a MM. Shares just don't sell into thin air. I don't buy into any "naked" short theory here.
Can't even buy a postage stamp for that.
Enlighten me please.
If it gets to .068 I'll be sitting on a cool $578,000.00. But I'd seriously be jumping for joy if this ever made it to a penny.
The term "credibility" should never be associated with pink sheet stocks trading in the trip zeros.
I feel sorry for you if you bought and held this through a thousand fold worth of dilution. But that past doesn't concern me because I got in after they increased the authorized to 3B and after it was diluted to 1.5B.
So even at .0006 I haven't lost anything to speak of. My average cost per share is around .0007. I'll think about pulling the plug if it drops 50% below that, but in the meantime I'm holding out for the inevitable pop to the upside.
Look, around $8K traded hands today, so any stock price is meaningless unless there's dollar volume associated with it. Anyone can paint the tape green or red when they're the only one trading. This stock has multibagger written all over it in my opinion. And no, when I say mutibagger, I'm not referring to the multiple bag holders who bought this stock 3 years ago and never sold it. For those of you I do feel your pain though.
Don't let the down day scare you out of your shares. The majority of shares traded at the same price or neutral, and up volume today was about 70% more than that of down volume.
http://www.profitspi.com/stock-quote/cctr.aspx
I know, I'm just trying to make lemonade out of a lemon LOL.
You can forget about them ever having a live conference call. They'll never have one because they know they'd get too much abuse from their shareholders.
In my opinion that's why the trading volume has been so frigging low lately. People only wanting to buy at the bid or lower, but people like me not willing to budge because we know what are shares are potentially worth. If they want my shares they're going to need to up the ante a hell of a lot more.
Same here. Their balance sheet is one of the best I've seen for a stinky pinkie. And unless the SEC starts an investigation on them for fraud, I'll continue to hang on to my shares. I'll give the share price a couple months to pop a couple hundred percent or so, and if it doesn't happen I'll move on to something else a little more exciting. I have a lot of patience but eventually even I get bored.
Book value of this company is 1.2 cents per share so this is trading at a 94% discount to it. If this were a NASDAQ company with the same balance sheet it would be trading at a multiple of book value instead of just a tiny fraction of it. Also the current and quick ratios look healthy, so no problem paying the bills. GPM seems low to me at only 8.3%, but if they can still eek out a net profit of 5.4%, then I guess it's not too shabby. But then why am I worried about fundamentals? Penny stocks rarely trade on fundamentals. I think it's because a lot of people who trade these don't have a clue about how to read a balance sheet or how to tell a good one from a bad one. They trade simply on emotion or what they read on stock message boards.
And I agree with the bashers, CCTR has been diluting the carp out of this. But the numbers above already have all those 1.5B shares of dilution factored in. Even with 1.5B shares outstanding they managed earnings per share of .0027, which is almost 4 times the current share price.
A lot of people hate this stock because most likely they bought it several months or years ago when the stock price was much higher and didn't get out in time to cut their losses as the stock continued to nose dive. I don't blame them for being bitter. No one likes to lose money. But you have to know when to cut your losses, only you can decide what's best for you. So ultimately if you lose more than you were willing to accept on a trade it's your fault for not getting out.
But in my opinion, not wanting to touch this stock with a 10 foot pole at the current share price with the current fundamentals is a mistake. Sure, this can go to zero like any stock, but there's still potential for huge upside moves and that's why I'm here. My average cost per share is only .00072 and I'm willing to risk a 50% hit in exchange for a possible multi-bagger. We're not trading blue chip stocks here where you cut losses if they go against you 10%. You have to be willing to assume more risk for more rewards because of the wild volatility here in penny land.
All my humble opinions. Best of luck to all who own this and to those of you who don't. There are a lot of stocks and opportunities out there. There's no law that says we all have to like or dislike the same things.
Thanks to whoever painted the tape with that last minute trade of $40. 5000 shares at .0008. I appreciate it. My paper loss today doesn't look so bad now.
Hey slob how the hell are you! I sent you an email. Oh, and to keep this on topic GO UPDV!!!
But some of us aren't doctors.
You're right. My bad. And if you notice American Bulls hasn't been too good on their timing on this one. Lot's of wrong calls. They do a pretty good job on a lot of other stocks but not this one.
Proves that neither the fundamental approach or the technical approach works in trying to determine what the hell this stock does. A good guess though on most penny stocks is a chart that only goes down long term. But still opportunity to make money if you're willing to watch it like a hawk, tic by tic and quick with the trigger finger.
Still no volume on this stock. Depressing. Even if it is at .0009 good luck getting anything better than .0008. But I prefer a slow gradual climb under the radar so to speak. Then when traders flock in during the next pump cycle we can capitalize by selling more at the ask, sell into strength.
And subtract out $7 to buy each time and $7 to sell, that's 55 x $14 so $770 in broker commissions to subtract out. So $84 - $770 = $686 in the hole.
I appreciate you being truthful. I believe what you're saying. But look at your loss in this as tuition paid for a valuable lesson in investing/trading. Look at what happened to cause you to lose more than you were willing to gamble. I lost my ever loving arse in a bunch of penny stocks since I first started messing with them over 25 years ago. But I never gave up, and have made some very successful trades as well. There are ways to make money trading these and ways to limit losses.
I think the most important thing to do is to know at what price you will sell your stock at, BEFORE you even purchase it. Say you're interested in buying a $4 stock to keep the math simple: Buy at $4, but hold it until one of two things happen; it drops to $3, or it appreciates to $6. With that strategy the most you can lose in that trade is 25%, and the most you can gain is 50%. In other words how much are you willing to risk for a certain reward.
Keep it all within your comfort zone. A little fear and greed is necessary to trade successfully. But too much fear and greed are profit killers.
With too much fear, you're not willing to accept enough potential loss for a potential huge reward. And with not enough fear you're more likely to ride a stock down to a point of no return.
The same goes for greed, with too much greed you won't sell because of what you might be missing out on if it continues to go up. It's a blast watching your online portfolio gain an extra $1000 each time you hit the refresh button on your web browser. But those are "unrealized" gains. To actually "realize" a gain you MUST sell, and that's hard to do on days like that. Yeah you'll kick yourself if you check back 3 days later and see you left another 100% gain on the table. It happens. But if you check back later and you see it's down 50% from where you sold it's a wonderful feeling that you actually locked in a profit rather than gave it all back. But a little greed is required or you'll frequently see yourself always getting out of a stock too early.
Finally, to be able to trade profitably the stock needs to be liquid enough to allow you to close your position quickly. I like to look at dollar volume trading hands rather than just share volume. If your position is say 25% of the daily dollar volume trading, you're going to have a very difficult time unloading your shares quickly to lock in gains or to limit losses.
Today was a bit of a snoozer. But in my opinion CCTR will hire an outfit to do another company research report highlighting CCTR's most recent reported numbers. Maybe that will garner some new interest and newbie investors looking to make a quick killing. We seriously need the volume.
But I'm in no hurry. Sometimes you have to wait out the boring down & sideways crap for that one day where out of the blue it pops a hundred percent or so on heavy volume. Have to act fast though to capitalize on those short lived spikes, and you can only unload shares if the volume is there. Buy into weakness and sell into strength.
Come on now! He doesn't "have" to so I'm sure he won't. Look, even PV is telling us to flip this on spikes in share price if you expect to make money in his company's stock.
That's how you make money in these. Yeah, up spikes aren't too common but they will happen from time to time so you have to be quick to seize the moment. Don't "hold" this and ever expect to make money long term, it doesn't work that way with the majority of penny stocks, not just CCTR.
You have to actively trade this in my opinion. Not bashing CCTR, as I currently own over 8.5 million shares. But I'm not married to them either. I'm waiting for a nice pop to unload some of them, then hope to keep peat and repeating the process. Did it once here with CCTR and made a nice realized gain ... working on round two now.
I still believe that fair value of this stock is over a penny, but that doesn't mean this stock ever needs to trade at that price. It will trade where it trades regardless of what we want or expect. Play the game accordingly.
Just my humble opinion.
Well not a lot of volume but at least there was more up volume than down volume, so it's a start. CCTR needs to pump (er strike that), "promote" this again.
http://www.profitspi.com/stock-quote/cctr.aspx
You got that right!!! I did some quick math to calculate book value (BV) per share. Total assets of $25,987,410 minus goodwill, intangible assets and liabilities of $8,057,141 equals a BV of $17,930,269. Take the BV and divide it by the number of outstanding shares 1,493,641,196 and BV per share equals $0.012!!!! The current share price is $0.0006. BV is exactly 20 times the current share price! In other words the current share price is trading at a 95% discount to BV. And CCTR is a profitable company! Hell, CCTR net profits increased 111% year over year factoring in the effect of the dollar Vs the China RMB! Most profitable companies trade at a multiple of BV, not at a percentage of BV for crying out loud!
To give you an example, Apple's current BV per share is $58.17 and the stock is currently trading at $327.46. That's a multiple of 5.63 times! Now, of course CCTR isn't a Wall Street darling like Apple! But for argument's sake, if CCTR was trading at the same multiple of BV, CCTR's current share price would be $0.06756! That's 112 times higher than it's current price!!!
You know, the bashers like to point out CCTR's dilution, and I agree, it's a lot!! Heck, it went from 234 million shares outstanding in 2009 to 1.5 billion shares in 2010! That's a 540% increase in shares!!! That's huge!!! BUTTTTTT, the above BV of CCTR ($0.012) already takes that 540% dilution into consideration so the bashers argument is a moot point in my opinion.
Yeah, I feel sorry for anyone who bought CCTR at a nickel and rode it all the way down to .0006. They lost their ever loving arses, and I'd be bashing this company too if I was foolish enough to do the same. But a lot of us folks just got in recently in the .0005-.0008 range (myself included), and for those of us, there is HUGE upside potential!!!!!
I'm currently sitting on 8.5 million shares so each .0001 tic up or down equals $850 bucks. My $6,200 gamble could mushroom to $85,000 if the share price ever makes it to a penny (which is still less than actual book value). In my opinion, us longs have a lot to be happy about after seeing this report!
Does this mean that on Monday the share price must go up? Hell no! The MMs may manipulate the price even lower to shake the tree even more of weak hanging fruit, but if that happens I'll simply add to my position. Because now I'm armed with the truth of knowing current BV. Yeah, the bashers will rebut, "Man, you're naive if you think what you read in that report is the truth". I'm not naive, that SEC filing can be full of lies. But it's the best any outside analyst has to go on. So just as I can't prove it's 100% accurate, neither can the bashers prove it's 100% false. And because of the risks involved, that's why CCTR trades on the pinks under a penny rather than on the NASDAQ.
Should be interesting on Monday! Remember, should this pop, take some off the table to lock in some gains and let the free chips ride. No stock goes straight up or down. You have to buy and sell on the right sides of the zigs and zags to make money in these. Never hold long term or you'll end up disgruntled like the bashers after CCTR dilutes this stock another 540% by the end of this year.
Just my humble opinions. By all means, do as what suits YOU! It's every man, woman, and child for themselves! Ultimately we can only blame ourselves if we make bad decisions. But conversely, we can take all the credit too when we make the right decisions!
You have to ignore price per share swings on low dollar volume. It doesn't mean anything. People open and close out positions all the time. And when only $25K or so changes hands in a day it could simply be one trader controlling or manipulating the share price.
Now if this was up or down substantially on volume of say 500M to 700M shares or more, then that would indicate to me that perhaps something real is going on behind the scenes, not just someone trying to paint the tape.
Just my humble opinion.
Hopefully we'll see more action as we get closer to the release of CCTR's 4th quarter financial results.
I'm mainly interested in seeing what net revenues were at 12/31/10 and the current number of outstanding shares. My guess is that there are at least 2B shares outstanding. And if that's the case, the current market cap of CCTR would be 1.2M. Still very cheap for a company that reported 3.3M in net income for the first 9 months of 2010 alone.
There's something very fishy about the disconnect between share price and what they're reporting. Either the share price is way off (that's what I'm hoping), or what they're reporting is way off. There are no other options. But if they're lying on their SEC filings it wouldn't be the first time I fell for a penny stock company that did that (RMEC and SPNG come to mind).
With the additional 1000 bucks worth at .0006 this morning I think I'm done adding shares for now. Now I'm just going to sit back and either watch my position pop substantially, or crash and burn. There's usually no in-between when messing around with these things.
Well I see a low of .0006 today. Who's getting filled at that? I put an order in for another $1K worth of CCTR at that and not a single bite. I didn't select AON to improve my odds, but still no help. It's a GTC order so maybe someone will sell to me tomorrow.
I know, I know, why buy this POS stock? I really don't give a rat's ass about the quality of the company behind a penny stock. I'm just here to buy low and sell higher for a profit. Profits can be made trading shares of scam outfits. I've done it before and intend to do it again. But caveat emptor, it's always a craps shoot.
Now I'm not saying CCTR is a fraud. I'm just saying I don't care if it is. Most publicly traded OTC and pink companies are in my opinion. If traders waited to make money only on "honest" penny stock companies they'd never make a single purchase. You'll never lose money like that but you'll never make a dime either.
There seems to be no shortage of CCTR haters here. I just wish they'd unload some of their shares on me if this stock disgusts them so much.
But I won't be holding my breath. Seldom do stocks like this ever file when they intend to. Put it this way, I will be surprised if we see financials within 4 days.
That's what I intend to do. But I hope it explodes rather than implodes lol.
It's simple. Low demand for this stock = low share price. If there is ever a point in time where there are more people interested in buying than selling the SP will go up. The way I look at it there is an overabundance of shares for sale (most likely CCTR insiders selling to raise capital).
But in my opinion, even if this stock is 100% diluted to 3B shares, the current SP is still way undervalued. That's why I'm holding onto my shares for now. Stocks like this can make a person 10 years worth of gains in a single day. Not too long ago 700 million shares traded in a single day, that wasn't chump change even at the current share price ... and it could happen again. Hate to be sitting on the sidelines if it happens again.
But by all means trade this on pops, and buy back after the SP gives it all back plus some. That's how to make money in stinky pinkies. Never buy and hold these or you'll never make a dime of realized gains. You gotta flip em. Hell, even CCTR's management suggest we do that ... look back at their press releases for the past few months ... they spell it out in black and white.
The 52 week high is 3.5 cents. Will it get there again? Well put it this way, if it does I'll be sitting on over a quarter million bucks. So my guess is no. I'm just not that lucky. I'll be jumping for joy if this ever does 1/4 of a cent.