Working hard to give my family a better life than I was handed.
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Good post Tracey. But as other posts have mentioned, you need to go back and look at charts and activity on this stock which adds concerns for those of us who have owned it since the beginning of its listed shares.....
This is the problem I have posted here and also on YahooFinance boards as well as so many times you see small share days and low volume days and the stock is sold for fractional movements driving it back or below 1 cent making no sense. Some days you see heavy volume but the price never changes nor does the stock go anywhere.. On the inverse, I have seen the same on very low volume days of maybe 5000 shares and the price moves too making no sense.
Friday we had over 1 million share volume (out of nowhere) with no word or any reason and that has not occured for a very long time, yet the stock does not increase at all with such volume as would be seen anywhere else, and as the price tried to get to 2 cents, it was sold off again and did this repeatedly Friday.. Why? Why not try to bolster the stock price from such depressed realms??
I believe something is or has been going on. I also wrote SEC to look into this stock as well as Yahoo boards too. All I will say is I am a long term investor and this is sh!!tty to see for so many years, and so everyone knows (including you pseudo shortseller daytraders who watch in here), is my average ownership price of this stock is now under 2 cents today- so you can understand how many shares I have acumulated being in this stock for 3 years and not sold one share and held through all the price downturn, as STILL, this product & corp I believe in; but the stock price and actions of date make no sense seeing as this should be a far higher valued stock today...
NOW as of this post 1,001,300 share volume has occurred and from the high of .017 someone just sold again for a .0095 move dropping RBRM now below 1 cent to .075!!!
What the hell is going on with this stock?
Who is doing this and for what practical reason? If you care about a corp buy its damn stock. Why spend time trying to capture a fraction of a penny of a stock whose price has been manipulated & beaten down for 2 years by daytrader shortsellers...?? Is the MM doing this?
Increase in share price would increase RBRM's market cap and once above 1.00 it will be able to uplist to Nasdaq like many Chinese small cap OTC's have done all last year.
This is an American medical device mfgr with seriously high quality products and its stock stinks...!!
Going to test 7.00 level today quite possibly..
Establsihed new support last 10 days above 6.00 and global economy demand will see DRYS & other transporters explode to higher valuations...
DRYS ahd great last 1/4 CC and dramatic improvement since lows of Spring 2009/
Earlier week's HUGE volume buying was additional shares purchased for Major investors/funds/institutionals' holdings and is EASY for anyone to check and see. They would NOT invest longer term if they thought this was going lower from here....
This sucks and something is going on!!! Everyting about this corp is great but the stock is descimated repeatedly... Hell, my wife even received a job offer from Dr. Phillips to a financial position they have available and she is contemplating the interview and move to W. VA. it will require....
LOOK at the last week's daily price & volume and this is what we have seen for so many months repeatedly going on. What is it about this 2 cent level???
Some days a few thousand shares and it moves up finally to about 2 cents. Then we have a couple thousand shares and it goes back to 1 cent. This morning we have nearly 1/4 million shares and it sits at 1 cent not moving anywhere!! WTF is going on and who sells for .002 movement???
I already sent letter to SEC to look into this stock the last 2-3 years and recent activity as soemthing just does not add up or make sense while the rest of the global markets have gained since the lows of last Spring/..
Anyone see this interview from CEO/CFO with Dr. Phillips?
http://ceocfoanalysis.com/
I just took position in this after reviewing past earnings and liking everything with China growth going on, and next earnings expected to be as stellar as CPSL & SUTR were (both China niche' steels)...
Have position in this here and also into TPI a strong Chinese pharma....
Interested in this stock and liking its past earnings reports very much...
I'd like to know too. Invested over 3 years in it I have seen patterns go on that make no sense and have contacted RBRM many times and they say they have no idea either...
They are growing and doing well and hiring more, in fact, one of jobs they have open Dr. Phillips replied to my wife for a financial position they now have need to fill...
Excellent earnings and far beyond any expectations indeed...
Not sure what to think about SQNM as there still exists many unanswered legal/ethical questions from last Spring which to date, NOT one word mentioned from any regulatory agency or law enforcement agency...???
Just because institutionals still hold means nothing to me, as even with CIT Group scam BK (I was one of many preferred & common shareholders wiped out), insitutionals held like 93% of that stock even when the BK went into effect November and in the end they held like 35% and just simply wrote off the losses on end of year taxes...
Testing this stock amidst global oil scenario and last night afterhours I could only get 56 shares to be bought from some I was selling... This is really weird to see.
During daytime, I had limit orders to sell and could only off-load 300 shares total then when volume was better..
No buyers for this stock at these prices??
Strange..
DRYS stock certianly holding up much better than EXM!!!
EU supporting Greece as expected and global growth especially in Asia & S. America to be greater going forward; whereas in USA it will be sluggish at best...
Shipping & trucking is going on 24/7 and CNBC's daytrader pundits need to be ignored and how they have been trying to incite fear and unrest to manipulate certain stocks for their own gains...
Earnings out 11:00am EST Tuesday, Feb 16th... Mardi Gras Day!!!
Expected to be good and comparative to SUTR's recent earnings other day that blew every analyst expectatioons out of the water...
RBRM update on new business expansion.
Those who know of me or what I have posted here or even in yahooFinance, I will say, believe it or not, but my wife applied for one of several new jobs at Rebuilder Medical Technologies recently; and with me being shareholder over 3 years still, she asked Dr. Phillips some follow up questions, which this E-Mail herein will show you where they are and their response even to the current stock price::
>>>>>>>>>>>>>>>>>>
Dear Xxxxxxxxx,
Thanks for the note. I too, have been perplexed about the stock pricing. Everytime I did a series of news releases, the volume went up, but the price came down. News releases cost money and time, and seem to do no good. Also, since we do not sell shares ourselves, a higher price does us no good except in the event of a merger or sale as some leverage on the terms.
We are going like gang busters, hired 4 more new Medicare billers and administrative help, Looking for another bookkeeper and an assistant for Marketiing. We now have two more contractors to make ReBuilders to keep up with demand, and have lowered our Google bill from $100,000 per month to about $10,000.
Eventually we will be merged with a company on a more transparent stock board and then we will have a pay off. In the meantime, since our stock is so low, now would be a good time to take advantage of the price.
Thanks,
David
David B Phillips Ph.D.
CEO
ReBuilder Medical Technologies, Inc.
http://www.ReBuilderMedical.com
866-725-2202
304-725-2202
304-725-4915 (fax)
wabadon I too have posted about this here and in yahoo over past 2+ years and contacted Dr. Phillips as well.. It is absolutely stupid seeing certain days with several hundred thousand shares occuring, yet thye price does not move at all up or down?? Then other days on a couple hundred or so shares, it moves the price like your post indicates of the past few days??
SUTR earnings beat on every sector::
Second Fiscal Quarter 2010 Financial Highlights:
-- Total revenue was US$115.2 million in the second fiscal quarter 2010, an increase of US$21.1 million or 22.4% compared to the same period last year -- Gross profit was US$8.6 million in the second fiscal quarter 2010, an increase of US$0.55 million, or 6.8% compared to the same period last year -- Net income was US$4.0 million for the second fiscal quarter 2010, an increase of US$0.8 million or 24.5% compared to the same period last year -- Fully diluted earnings per share were US$0.11 for the second fiscal quarter 2010, an increase of US$0.02 or 22.2% compared to the same period last year
DRYS received a 2nd upgrade from another large group looking at them 2 days ago as well...
Carlysle Group CEO supportive of China as he was interviewed this morning live in Davos at World Economic Summit. He stated in past 5 years, China has proven to be the best managed country/government of any other government in the world and that the talk of bubbles from US media parties does not aply to China because they have the growth demand increasing to meet all the development and such gooing on there, and also stated that was the prime reason for why Carlysle Group openend offices there and made substantial investment into China today...
Carlysle Group CEO supportive of China as he was interviewed this morning live in Davos at World Economic Summit. He stated in past 5 years, China has proven to be the best managed country/government of any other government in the world and that the talk of bubbles from US media parties does not aply to China because they have the growth demand increasing to meet all the development and such gooing on there, and also stated that was the prime reason for why Carlysle Group openend offices there and made substantial investment into China today...
Expected earnings date from CPSL::
From: Leslie.Richardson@elite-ir.com
Reply-to: leslie.richardson@elite-ir.com
To: investrman@aol.com
Sent: 1/27/2010 12:22:56 A.M. Eastern Standard Time
Subj: RE: CPSL earnings date
Hi Steve
They have not officially announced but most likely they will report around Feb 12th.
Best regards,
Leslie J. Richardson
Elite Investor Relations
12 Floor, Wilson House
19-27 Wyndham Street
Central, Hong Kong
+852-3183 0283 (Office)
+852-2155 9165 (Fax)
+852-9035 2638 (Mobile)
leslie.richardson@elite-ir.com
China’s Round-The-Clock Auto Factories Still Cannot Meet Demand
Jan. 15 (Bloomberg) -- Nissan Motor Co.’s factory in central China is making cars almost 24 hours a day, yet Pan Xiaowei still waited three months for her new Tiida compact to arrive at the dealership.
“It wasn’t like this a couple of years ago,” said Pan, 34, whose husband runs a property development company in Shandong province. “We used to buy and get a car straight away, and now you have to pre-order and wait.”
China overtook the U.S. last year as the world’s largest automobile market with sales surging 46 percent to 13.6 million, according to the China Association of Automobile Manufacturers. Nissan, Ford Motor Co. and Honda Motor Co. are running their Chinese factories at full capacity, with overtime and weekend shifts, and still can’t deliver enough cars.
“Based on our current growth rate and planning assumptions, the capacity of our two facilities will not be able to accommodate the expected future demand for our products,” Nigel Harris, general manager of Ford’s venture with Chongqing Changan Automobile Co., said in an e-mail.
About 99.7 percent of cars made in China through November last year were sold, the association said. Foreign automakers are expanding assembly lines as buyers in secondary cities beyond Beijing and Shanghai benefit from government subsidies of at least 5 billion yuan ($732.5 million), a sales tax cut and 8.9 percent economic growth.
Rural Consumption
Car sales have been fueled by demand in rural areas where the growth rate exceeded that of urban regions last year for the first time, Trade Minister Chen Deming said in a Jan. 13 interview with state broadcaster CCTV.
“Spending power in the medium and small cities is rising, and demand there has surpassed those in bigger cities,” said Wei Tuo, a Henan province dealer for Nissan’s joint venture with Wuhan-based Dongfeng Motor Group Co. “Cars are no longer considered a luxury item but a standard consumer product.”
Wei’s company has about 40 outlets in the central region selling several brands. About 55-60 percent of sales come from middle- and small-sized cities, he said.
Nissan is the No. 1 Japanese automaker in China, with last year’s sales rising 39 percent to 756,000, outselling Toyota Motor Corp. and Honda, according to the three companies. Nissan’s top seller is the Teana.
Running Almost 24 Hours
Nissan is spending 5 billion yuan to expand its Hubei province plant to build up to 600,000 vehicles annually from the current 430,000, spokeswoman Kana Minamidate said. That central China factory makes the Tiida compact and Livina series popular in secondary markets, she said.
“The plant was originally operating with two shifts but now we have three shifts to build cars almost 24 hours a day,” Minamidate said, adding that customers still wait for deliveries.
Nissan also is spending 1 billion yuan on a light- commercial vehicle factory in the eastern city of Zhengzhou that will open this year and build up to 120,000 vehicles annually.
China requires overseas carmakers to work with local partners, who must own at least 50 percent of joint ventures. These ventures produced eight of the 10 best-selling cars last year, according to automobile association data.
Changan Ford Mazda Automobile Co. has plants in Chongqing and Nanjing building cars “at maximum allowable overtime and weekends,” Harris said. The company will open a $490 million factory in Chongqing in 2012 making up to 150,000 vehicles a year, boosting overall capacity to 600,000.
‘More Traffic Jams’
Near-term growth will be concentrated in eastern and central regions, and cities outside Beijing, Guangzhou, Shanghai and Shenzhen, Harris said. The venture opened more than 65 percent of its new dealerships last year in smaller cities, and that proportion is expected to reach 75 percent in the next few years.
“There are more traffic jams in Chengdu than in Beijing,” said Zheng Minda, vice general manager of a Ford dealership in the Sichuan province city. “Demand is greater than supply.”
Customers wait at least a month for delivery, he said.
The government unveiled stimulus packages and new bank lending to spur domestic consumption after GDP growth slumped for eight straight quarters and exports declined for 14 months as the global recession took hold.
Still, automakers face possible overcapacity in China, according to Chen Bin, who oversees regulation of the country’s auto industry at the National Development and Reform Commission.
China has more than 100 automakers and they should “keep their heads cool” to prevent expanding production beyond demand, Chen said in September.
Income Gap
Urban residents earn about three times more than rural, who comprise more than half of China’s 1.3 billion people, according to government statistics.
Rural Chinese buying a new minivan or light truck can get a subsidy of 10 percent of the purchase price, up to 5,000 yuan. Those replacing light trucks can get another 5,000-18,000 yuan.
The government also reduced the sales tax on new vehicles with engines of 1.6 liters or smaller to 5 percent from 10 percent. It said Dec. 10 it was raising the rate to 7.5 percent.
Honda, which opened 55 dealerships mostly in small cities last year, is focusing expansion in suburbs and exurbs of major cities, said Masayuki Igarashi, general manager of its China operations office in Tokyo. Its best-selling model is the Accord.
Chief Financial Officer Yoichi Hojo said in November that the company, which makes about 550,000 cars a year in China, doesn’t have enough capacity. The Yokohama, Japan-based automaker plans to increase production at its Hubei province plant to 240,000 cars this year from 200,000.
The Wuhan factory runs at full capacity and built 210,000 units last year with overtime and weekend shifts, Honda spokesman Yoshiyuki Kuroda said. It makes CR-Vs, Civics and Accords, and wait times are at least a month, he said.
Pan, who lives between Beijing and Shanghai, said a lot of Chinese households now own two cars.
“It used to be that only company bosses could afford a car, but now teachers and office workers can also buy one,” she said.
China’s Round-The-Clock Auto Factories Still Cannot Meet Demand
Jan. 15 (Bloomberg) -- Nissan Motor Co.’s factory in central China is making cars almost 24 hours a day, yet Pan Xiaowei still waited three months for her new Tiida compact to arrive at the dealership.
“It wasn’t like this a couple of years ago,” said Pan, 34, whose husband runs a property development company in Shandong province. “We used to buy and get a car straight away, and now you have to pre-order and wait.”
China overtook the U.S. last year as the world’s largest automobile market with sales surging 46 percent to 13.6 million, according to the China Association of Automobile Manufacturers. Nissan, Ford Motor Co. and Honda Motor Co. are running their Chinese factories at full capacity, with overtime and weekend shifts, and still can’t deliver enough cars.
“Based on our current growth rate and planning assumptions, the capacity of our two facilities will not be able to accommodate the expected future demand for our products,” Nigel Harris, general manager of Ford’s venture with Chongqing Changan Automobile Co., said in an e-mail.
About 99.7 percent of cars made in China through November last year were sold, the association said. Foreign automakers are expanding assembly lines as buyers in secondary cities beyond Beijing and Shanghai benefit from government subsidies of at least 5 billion yuan ($732.5 million), a sales tax cut and 8.9 percent economic growth.
Rural Consumption
Car sales have been fueled by demand in rural areas where the growth rate exceeded that of urban regions last year for the first time, Trade Minister Chen Deming said in a Jan. 13 interview with state broadcaster CCTV.
“Spending power in the medium and small cities is rising, and demand there has surpassed those in bigger cities,” said Wei Tuo, a Henan province dealer for Nissan’s joint venture with Wuhan-based Dongfeng Motor Group Co. “Cars are no longer considered a luxury item but a standard consumer product.”
Wei’s company has about 40 outlets in the central region selling several brands. About 55-60 percent of sales come from middle- and small-sized cities, he said.
Nissan is the No. 1 Japanese automaker in China, with last year’s sales rising 39 percent to 756,000, outselling Toyota Motor Corp. and Honda, according to the three companies. Nissan’s top seller is the Teana.
Running Almost 24 Hours
Nissan is spending 5 billion yuan to expand its Hubei province plant to build up to 600,000 vehicles annually from the current 430,000, spokeswoman Kana Minamidate said. That central China factory makes the Tiida compact and Livina series popular in secondary markets, she said.
“The plant was originally operating with two shifts but now we have three shifts to build cars almost 24 hours a day,” Minamidate said, adding that customers still wait for deliveries.
Nissan also is spending 1 billion yuan on a light- commercial vehicle factory in the eastern city of Zhengzhou that will open this year and build up to 120,000 vehicles annually.
China requires overseas carmakers to work with local partners, who must own at least 50 percent of joint ventures. These ventures produced eight of the 10 best-selling cars last year, according to automobile association data.
Changan Ford Mazda Automobile Co. has plants in Chongqing and Nanjing building cars “at maximum allowable overtime and weekends,” Harris said. The company will open a $490 million factory in Chongqing in 2012 making up to 150,000 vehicles a year, boosting overall capacity to 600,000.
‘More Traffic Jams’
Near-term growth will be concentrated in eastern and central regions, and cities outside Beijing, Guangzhou, Shanghai and Shenzhen, Harris said. The venture opened more than 65 percent of its new dealerships last year in smaller cities, and that proportion is expected to reach 75 percent in the next few years.
“There are more traffic jams in Chengdu than in Beijing,” said Zheng Minda, vice general manager of a Ford dealership in the Sichuan province city. “Demand is greater than supply.”
Customers wait at least a month for delivery, he said.
The government unveiled stimulus packages and new bank lending to spur domestic consumption after GDP growth slumped for eight straight quarters and exports declined for 14 months as the global recession took hold.
Still, automakers face possible overcapacity in China, according to Chen Bin, who oversees regulation of the country’s auto industry at the National Development and Reform Commission.
China has more than 100 automakers and they should “keep their heads cool” to prevent expanding production beyond demand, Chen said in September.
Income Gap
Urban residents earn about three times more than rural, who comprise more than half of China’s 1.3 billion people, according to government statistics.
Rural Chinese buying a new minivan or light truck can get a subsidy of 10 percent of the purchase price, up to 5,000 yuan. Those replacing light trucks can get another 5,000-18,000 yuan.
The government also reduced the sales tax on new vehicles with engines of 1.6 liters or smaller to 5 percent from 10 percent. It said Dec. 10 it was raising the rate to 7.5 percent.
Honda, which opened 55 dealerships mostly in small cities last year, is focusing expansion in suburbs and exurbs of major cities, said Masayuki Igarashi, general manager of its China operations office in Tokyo. Its best-selling model is the Accord.
Chief Financial Officer Yoichi Hojo said in November that the company, which makes about 550,000 cars a year in China, doesn’t have enough capacity. The Yokohama, Japan-based automaker plans to increase production at its Hubei province plant to 240,000 cars this year from 200,000.
The Wuhan factory runs at full capacity and built 210,000 units last year with overtime and weekend shifts, Honda spokesman Yoshiyuki Kuroda said. It makes CR-Vs, Civics and Accords, and wait times are at least a month, he said.
Pan, who lives between Beijing and Shanghai, said a lot of Chinese households now own two cars.
“It used to be that only company bosses could afford a car, but now teachers and office workers can also buy one,” she said.
I get communications with CPSL corporate as an Investor. Why do bashers say there is none???
From: Leslie.Richardson@Elite-Ir.com
To: investrman@aol.com, DanielCarlson@comcast.net
Sent: 1/7/2010 7:29:49 A.M. Eastern Standard Time
Subj: RE: China Precison Steel, Inc (CPSL)
Steve
China Precision Steel has maintained regular communication with investors – in November they had their quarterly earnings conference call with investor Q&A and presented at the Goldman Sach Steel conference in New York in December. They will be presenting at the Roth conference can Rodman & Renshaw conference in March 2010. We are glad to answer any of your specific questions regarding the company’s operations.
Leslie J. Richardson
Elite Investor Relations
12 Floor, Wilson House
19-27 Wyndham Street
Central, Hong Kong
+852-3183 0283 (Office)
+852-2155 9165 (Fax)
+852-9035 2638 (Mobile)
leslie.richardson@elite-ir..com
Skype ID: leslie.richardson98
From: Leslie.Richardson@Elite-Ir.com
To: investrman@aol.com
Sent: 1/7/2010 7:50:06 A.M. Eastern Standard Time
Subj: RE: China Precison Steel, Inc (CPSL)
Steve
The business is healthy – volume is expected to be at least 8,000 tons / month and the company expects to bring the new mill on line in the first part of 2010.
Currently the company is working through higher cost inventory that was purchased in 2008 which has put some pressure on margin - the company expects margins to gradually rebound throughout 2010.
Leslie J. Richardson
Elite Investor Relations
12 Floor, Wilson House
19-27 Wyndham Street
Central, Hong Kong
+852-3183 0283 (Office)
+852-2155 9165 (Fax)
+852-9035 2638 (Mobile)
leslie.richardson@elite-ir..com
Skype ID: leslie.richardson98
Sentiment : Strong Buy
Great read indeed!!!
Also CPSL closed at highs and even closed above near term resistance at 2.40 level today!!
Finally life coming back in this stock after such a long time.
Buy-out changes coming for RBRM???? Letter received from Dr. Phillips after I requested product info sent to an Associate of mine, and also made recommendations to him regarding their stock price and future growth.
For what it's worth, here is the reply to share with other long time investors::
From: davidphillipsmail@yahoo.com
To: investrman@aol.com
CC: brian@rebuildermedical.com
Sent: 1/7/2010 9:47:02 A.M. Eastern Standard Time
Subj: Re: Product info request / IR concerns
Steve,
I will have info sent as requested. Your ideas for increasing stockholder value is interesting, but we need cash to do that. Medicare is now paying us and sales are increasing dramatically, but that requires that we fund the growth and wait 90 days to get paid.
I am negotiating with a new IR firm to provide more visibility.
I focus on the day to day operations becdause we do not sell stock ourselves, so whatever the price is does not help cash flow. Stock price becomes a priority if and when we merge or are bought out.
Still, I want the price to reflect the actual value.
David
David B Phillips Ph.D.
CEO
ReBuilder Medical Technologies, Inc.
http://www.ReBuilderMedical.com
866-725-2202
304-725-2202
304-725-4915 (fax)
Letter received from CPSL today for what it's worth:
Steve
China Precision Steel has maintained regular communication with investors – in November they had their quarterly earnings conference call with investor Q&A and presented at the Goldman Sach Steel conference in New York in December. They will be presenting at the Roth conference can Rodman & Renshaw conference in March 2010. We are glad to answer any of your specific questions regarding the company’s operations.
Leslie J. Richardson
Elite Investor Relations
12 Floor, Wilson House
19-27 Wyndham Street
Central, Hong Kong
+852-3183 0283 (Office)
+852-2155 9165 (Fax)
+852-9035 2638 (Mobile)
leslie.richardson@elite-ir..com
Skype ID: leslie.richardson98
Traderfan I agree with your post, though many are posting I am some nut; but what occurred in last 1-2 weeks with NEP is not normal and was window dressing as you state.
Right now technically this thing is around 119% RSI/MACD and everyone posting it can only go higher are bilind stupid ot be blunt.... This STILL is not Exxon and my by far and my advice is NEVER FALL IN LOVE WITH A STOCK!!
Today may surprise many with anything oil-related after what happened yesterday.
National and global stockpiles are not in distress and this is the same thing we have been through over decades with winter weather and the world goes on. BIG problem here in USA at least, is less and less people working jobs that pay living wages and more and more on unemployment or simply giving up; and without consumer consumption (which costs $$$), there will be less and less demand and the market certainly is NOT being consumer driven and people need to keep this in the back of their minds- Someone in government / Wall Street is/are working as my CPA states to keep things positive as the truth is here in USA at least, the scenario is worse than ever as far as consumer wealth at all levels and falling continually. My area has over 20% unemployment here in NC. Banks are not loaning even to good credit customers. The govt numbers are NOT accurate and the truth is not being put out there 100% and EVERYONE needs to be very careful...
2010 is here, and though I do not hold any PUDA in my portfolio, it is no surprise I stated all along that reverse split was wrong for them to do just to uplist from OTC. Other strong Chinese corps (or other corps) have successfully uplisted from OTC not doing any reverse split..
Sure coal is in demand as is steel, food and other things for China, as they are becoming what the USA used to be. Many things will keep changing as we enter the second decade of the 21st century....
However, new SEC regulations start Monday for Chinese stocks listed on US exchanges for open full disclosure for data & filings, etc, and it could prove that many who are investing on info on various Chinese stocks find, that the information previously reported by them was embelished a tad bit and not entirely accurate and create major price swings for many Chinese stocks this month...
I believe you already should have put $$$$ into DRYS as it is being unfairly attacked all over Yahoo Finance Boards and oversold; and with recent Deutsch Bank upgrade short term to 10.00, this ship is set to sail in 2010 from here....
Regardless of naysayers, very solid corp, TD Ameritrade analysis even agrees, and its market cap is very strong globally....
When Motley Fools pump a stock (like Cramer) it is time to be out of it, or hold on for an undetermined drawdown before it can recoup its current price....
I am out of a NEP position but watch it, but have to say, the action the other day looks like a major reversal occured with NEP here and bodes attention.
I know in Yahoo Finance a fellow named Nawar pumps NEP as some insider to them for months; but seeing that major gap up followed by a second day higher open then huge reversal to close down in red was always a strong technical indicator of a price trend change... and after NEP's parabolic 4.00+ price run up on no news in less than a month seems to dictate an extremely overbought stock needs serious retracement here and the reversal occurring seems to prove this.
Now in 2010 with new SEC rules for all listed Chinese stocks for full disclosure, might prove NEP's reversal correct and a couple gaps below will close finally before any new substantial higher share price can be realized?
End of year tax selling by small specs is now done for one thing. One reason many stocks were settling back every day the last week alone.
However, Dr. Phillips' letter above I have to agree with him/you that last year around March I believe it was, their PR then about the new silver product (around swine flue press) raised a red flag with FDA "monitors" and this should bode important for ALL YOU reading this, that Big brother is everywhere today, and not just this FDA thing last year which RBRM's competition and enemies ran with negatively out of context- as the truth is, if you print the wrong word in this or other chat rooms today, write an article in a certain way, talk on phone using a "monitored watch word", or state something like RBRM did last year in a PR with an item on a "FDA watch list", YOU all can be sure you will receive contact from the US Govt or agency today and this current administration will only get worse as far as reducing your rights to any type of privacy.
My point is the FDA thing last year is a nonissue for RBRM, but was made a negative issue then against RBRM, but held no truth or fact to RBRM doing ANYTHING wrong! RBRM has been doing all the RIGHT things in fact for 3 years, yet puzzles me and other larger shareholders as to why its stock is still so undervalued and overlooked broadly in the investment world..???
This is the world (country) we now live in the USA and it is sad, so I sincerely hope in 2010, RBRM gets its just notice on a wider scale by investors to see what they have been able to do and accomplish especially in the worst business climate in 70+ years....
Funny too, already the W.H.O. has said swine flue is now under control all of a sudden, but they now spread word that 2010 will be a major epidemic year for H1N5 (bird flue) across the globe and already spreading more scare & public fear.. Thing you have to do is figure out who really benefits when the WHO or other screwed up groups put out such public fear and you later find out it was another overhyped health issue.
Taking a small position in C as well. Will see what happens as any way you slice it, they repaid 100% of TARP, and its price is absurdly low....
Good 2008 article RE" CPSL advances & growth projections then.... Stock was at exact same level then as it is today and as I have believed, is extremely undervalued and oversold and even overlooked from the frenzy of 2009 markets as a whole in the last 1-2 years.... It's time is overdue for greater growth and as the Deutsche Bank upgrade now to 10.00 near term indicates, this is destined for much higher share price.
CPSL:
China Precision Steel Inc. (NASDAQ:CPSL) makes specialty steel products for use in other industries. CPSL essentially takes pre-made blocks of steel and turns this "raw" steel into precisely measured steel pieces that serve as components in automobiles, microelectronics, and other manufactured goods. CPSL's products are also used in plane friction discs, appliances, food packaging materials, saw blades, and textile needles.
Though it has no direct domestic competitors as of mid-2008, CPSL does compete with larger foreign exporters to China, which account for 85-90% of the premium steel industry in China. However, due to technological and geographical advantages, CPSL offers its products at a 10% discount to international prices, and with shorter delivery times. CPSL is also actively searching for new business in foreign countries. Although most of CPSL’s sales are made in China, it began exporting its cold-rolled steel products to Nigeria, Thailand, Indonesia and the Philippines in fiscal 2007. The company plans to continue its international expansion and establish itself in the global thin sheet metal manufacturing industry.
In response to increasing demand for its steel products, China Precision has built a second mill and plans to build a third in 2008. CPSL, with its second mill, is the only company in the world that can manufacture 1400mm wide ultra-thin high carbon steel, which was introduced in 2007 and accounted for 27% of that year's sales. The third mill will manufacture 1700mm wide cold rolled steel products, adding 150,000 tons of capacity. China Precision has used stock sales (dilutions) to fund these expansions, which has diluted existing shareholder value. China Precision has funded its acquisitions in this way for a reason, however; the cost of borrowing in China has increased as the government tightens credit by increasing interest rates, which explains CPSL's choice of stock sales to fund its expansion.
CIT BK major con job on shareholders!!!
NOTHING has changed now with this company except every shareholder from preferred to common was wiped out. The debt is still there and more now with 2 loans granted prior the actual BK hearing. CIT lost more customers too in this mess, and NOTHING is changed for the better except all previous shareholders gone. Why?
This stock makes no sense at such price as everything is still the same as it was prior the BK except former stock shares were wiped out making no sense!! CIT has lost business and hence, cashflow not yet reported publicly...
Anyone else waking up out there questioning all of this, as if the same conditions exist now as they did prior the BK, then why the heck is the stock price at this level instead of 10 cents or so???? Why was the BK even allowed as it did no good and the bondholders stood to make more $$$ (90% vs 70%) in the exchange offer instead of this wiping out of all shareholders like they did...
ALL the problems exist here as previously and nobody seeing this but me!!??
I am not sure what to make of this after that parabolic movement a week ago out of nowhere... Oil seems to be falling in price globally too...
I don't expect anythign stellar rest of this year after what happened last week, as oil and gas as a whole are falling everywhere and demand is down mainly because people have less worth today than they used to...
Is this stock going to catch up to rest of China soon?
Just the sheer amount fo auto demand there and CPSL niche' tied to auto industry steel needs, expected to see this much higher by now.
Upgrade to $10.00 now and shipping getting mentioned on CNBC all week, perhaps DRYS will take off here finally?
This stock is very undervalued from where it normally would be.