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.
Yep! End of the year selling is common. So it could be a buying op for some. Only nine more trading days left in this year I believe.
You are welcome Kinny ! And guess what else?! At least once a week I print it out. Sometimes every day if I want a record of the amount and time of trade! Then I can always follow how many shares have been traded over the long haul. THATS how I know when there are not many shares left below certain amounts!!!!
Enjoy Boys!
You are quiet welcome.
As for your trade of twenty followed 3 seconds later it looks like someone else was buying at the same time. They bought 3450 three seconds after you. Then another 10K buy at 10:39:21.
If you would like to see your own trade as well as the other ones just go to " OTCBB.com. I think you will use it often once you have been there. Let me know what you think of it!
Welcome aboard Kinny !! Very glad to have you. Don't know for sure as I always say, but, not much left below .08. And maybe not much below .20 !!
However, what I have been very hesitate to talk about is the fact that the last quarterly showed that the " exclusive store " sales were up a whopping 378% !! That should bode VERY well for the future! But I sure do NOT want to pump!! I am just very encouraged by that fact!
Again, welcome Kinny! Seems like you must have bought about 40K. Just guessing of course!
Looks like someone really needed some holiday spending money! 43,120 shares more sold than bought yesterday. Sorry to see them go before the next quarterly ( or news! ) but to each there own as the saying goes.
Should leave those shares for around 5 cents though. And did anyone else happen to notice how fast the ask and bid jumped on the very first buys !! There weren't any shares left at that low a price ! Not until someone sold the 43K that is. SO, still not a lot of shares ( under 50K ) before that upward pressure is back me thinks!
Hi Like,
I read the report in my " Ameritrade" account. They post all the sec. filings, news, ect..
I am not sure when the next report is due as they are now up to date. It should be due by 15th Feb. 2014. But it could come out sooner.
What due I expect?! Well, these are JMPO as I always say. But my thoughts are that sales should show an improvement.
All of the mark downs should now have been accounted for. And this last quarter had the largest Chinese sales day of the year in it- sort of like our Christmas and Easter together. So I am expecting to see the loss per share drop somewhat. If it does not then I will have to see something else in the report to justify it. But I don't expect them to set the world on fire either. The full turn around should take several quarters in all. However, a marked improvement opens many new doors such as interesting investors and lenders to say the least. And if they just stay the same I will give them another quarter. But I really expect some small improvement at the very least!
Just my opinion of course. Some of the " BIG " positives though are the facts of NEVER issuing more share and NOT blowing bugles of fluff news reports! They seem to be trying hard to do ALL the right things in trying to get this business growing! And hiring this new and excellent CPA firm is also another serious marker! I am content for now and looking for improvement
And now they have the 3rd quarter of 2013 done! Very good CPA firm! And all the quarters threw 2012 are now " audited" as well. Now, one more quarter to go for the
whole picture to be much clearer as regards the turn around.
This latest quarterly has, as one would expect at this point, both good and bad in it. And I intend to write my opinion about the overall Company History as well as the current position when I have more time. But overall, I am pleased with what appears to be transpiring.
Danni
Well, this new accounting firm is certainly on the ball! The financials for the first 2 quarters of this year are now out this A.M..
Depending on how you view things ( short term or long term) they are either " Bad" or " expected".
You will see a LOSS of 1.89 per share!! That would be shocking under normal circumstances! And a (.01) loss overall. How is that possible? Well, as the report states, they sold off the distribution section that they had started to build and has been stagnant for more than a year. But it had been assessed and valued at a higher rate than they had paid for it. Therefore, since it had been carried as a gain back under the old financial , which at the time showed as a goodly profit, that had to be corrected. The actual loss is (.01) per share
Some what confusing but not the terrible result one may take it for. So this report should be the deepest part of the turn around. What we really want to see now is the results for this last quarter. A beak even or any small gain would be very good news! Things do take time. Basically, we are still where we were; awaiting an up-dated resent quarter or some positive investment news. And hopefully, since this new firm seems VERY much on the ball, that won't be to long in coming.
I might also not to the positive that their new exclusive store profits have gone up by almost 50% and these new stores are a main thrust of their turn around efforts!
best to all
Think of your past losses as the price of your education; just like going to College sorta! All acquired knowledge cost in one way or another! Go forward from here and now.
As for CEHD, as I have always said= It is a penny stock and a risk. And as it is not a " Big Board " stock that risk is much greater. That said then invest with what you can afford to lose.
2nd: A simple calculation may help you. Take the amount of money that you have invested in CEHD and divide it by the number of shares you are holding. Lets say that you have 100K shares and it cost you $10,000.00. ( trade costs not included but add these too if you wish a pin point amount!). So at that ratio your cost per share is .10 or Ten Cents per share. Make your target sell price Twenty ( .20 ) Cents. At twenty cents you sell half of your shares, or 50K. You now have gotten your $10,000.00 back. The remaining 50K shares are now " FREE " shares. These you can now hold forever if you wish because you can now lose nothing; even if the price went to Zero!
This example is of course only meant as food for thought. Each person must pick the selling point and number of shares for themselves. But when one does arrive at the formula for themselves that they are happy with it pays to reflect on it. Why? Because it is a direct reflection of their personal tolerance for risk. They can then learn something of themselves and therefore becoming a better trader.
As for me, having bought with money I already consider to be " GONE " , I can hold all my shares for the longer haul. If this proves to be a real and growing company they will continue to grow and expand over the coming years. That also makes them a potential target for buy outs or merger's. So from the point of profitability ( which I hope is less than a year away) it is all up side from there. JMHO of course. Would have loved to be on the ground floor of other retailer in the past such as K-Mart, Wall Mart, Lowes, HD, ect.,ect,. :) :) :) Maybe this is a Chinese K-Mart being born!
Your post was not to long-just fine and TY for it.
Danni
Well folks, the first report by the new accounting firm is out! That is impressive in such a short time to say the least!
It, however, only covers the past years up until the end of 2012. So we still don't know the current results of the turn around efforts of 2013. When that will come is uncertain. Soon I hope. But worst case scenario would of course be 90 days. Hope not that long, but!
So what can we take from what has been presented? Well, my take is as follows. And I say, "MY" take only, is that what really happened with this report was to confirm by US standards that it is a real company with viable statistics. And there is NO major change in the financials so they have been truthful all the way. And finally, most important of all is that this American. CPA firm did N O T put any negative " going concern " statement regarding their financials. Instead they " contemplate " the company as a going concern. This depending on the turn around to profitability of course. And rather that is actually happening hopefully will be shown in the 3 quarters of 2013 which we are still awaiting.
Over all this still look good and getting over this report was a biggee. We are now USA CPA registered so to speak!
I am very satisfied to this point!
Any other thought out there people??
Hi Like,
I do not know for sure. So lets just say that it is probably due to the old rule of " Supply and demand" . Right now the supply is not great ( a big plus for current share holders). However, the demand is not great either. And it probably will not be great until the stock gets noticed! Since it does not trade in the six digit range every day most know that if you buy right now you will either be in for the longer haul or you will sell at a loss.
So what would make it become " in" demand?! Well, since it is under the laws of China as a company the owners can not do a " Pump and Dump without losing the heads! ( very good for us). So they don't put out much news unless there is really a good reason to do so! Also very good for us! And that day will come I do believe. Question is " when" ?
But I am also watching the next few weeks as the new CPA's work on the financials. If the Financials look good to them it is going to be hard to keep that news totally quiet. So we may then see a pickup in buying ( or selling) in the week or so before the financials come out! Maybe not; but I am watching for that.
But I believe that they have been doing the right things in the last 14 Months and I intend to hold regardless of any short term swings!
Hope tat helps. But each must make their own decisions.
best to all!
Danni
WOW! I went to my Ameritrade account and there it was! They just filed a notice of late filing as I thought they might due to time restraints. So it will be out either in five Business days or by the 15th of Dec.. which is the 15th following this filing due date.
I am betting that it will now be 15th Dec. as the accounting firm was just hired and would certainly need more time. But, if the negotiations between them before hiring was early enough they just might make the five days. We shall see.
Side note: The very fact that thy went to the trouble to hire an American firm shouts volumes to me. They certainly want to do things right and don't far the light of a good CPA firm.
So as I said, unless things prove to be really bad I think they intend to make this company grow!
Danni
Thanks for the reply. Yes, the quarterly should be out within a week. However they did change accounting firms remember and that may have an impact on the timing as they haven't had a lot of time to prepare. We shall see.
But a week or no, the real importance is in the new report itself. As this will really be the first report by USA accounting standards the import is huge! For example, many penny stocks have attached by the CPA firm doing the report what is know as a " going concern" statement. This is something we certainly do NOT want for CEHD. If that is absent I will be at ease. And with that missing and a break even or a penny or 2 profit I will be elated!
But either way I figure to still be here. The effect on me ( unless it would be really, really bad), would be in how much more I would or would not buy. Currently sitting on about 3% of the float.
But a good report would certainly brighten the Holidays !!
Danni
Like, you haven't posted since last month. Are you still with us?
Today s one of the largest holidays in China-" Singles " DAY. Akin to the USA having " Valentine's " day. Only it happens to be their largest SALES day of the year!! And the Communist " Central Committee" has announced a push to provide greater sales to the more Rural communities. Should be good for companies like CEHD. Of course we won't see the results of today for yet another quarterly, but early sales reports show sales being about twice last years!
GO CEHD!!!
Thank you Kinny. I of course certainly hope so also!!
But it is a penny stock so as I have always said, it is a big risk. And which ever way it does end up going, it is going to take some time yet to get there!
Thanks again!
Danni
Anyone else still around? If so, we should be seeing the next quarterly in a week to 10 days. That is if the new accounting firm is on the Ball!
Also, the bid and ask have drawn much closer together showing that there is not a lot of shares left at or below .12 I believe.
Other thoughts out there?
Another sign is that the Bid/ask is now MUCHcloser.
Have to post in short snips s I keep getting kicked off for some reason!
The next quarterly is due in about 3 wks. It could be delayed by this but when it comes out if it confirms the turn around , we are off. Buying time I think! Not mh left under .15 and they are buying at .04
This is VERY good news. They are doing as they said and coming into compliance with US standards! Good for us investors for sure!
The 4K buy today was mine. Yes, I believe that also. I am excited about the next quarterly. But even if it is a repeat of the last it would mean that they are holding their own! But I do look for a slight improvement. The last one was really an improvement in not only a penny gained, but the cash flow became very positive. A 2nd solid quarterly would convince most that a turnaround has begun.
I read that you called, yes. Unless you mean something else?
Was that last 2K buy yours?
Nice to see the Bid go up a little! As I had mentioned, I don't believe that there are many shares left below the .10 range.
And we are now only about 30 days away from the next quarterly.
If some buying starts to occur in the next few weeks it would be a positive sign that some insiders know something. They must be crunching the numbers right now and a return to the profit side would be the motivation to buy! Not to mention that news of a potential investor could come at any time!!
Thank you Like. That in itself is some information. What time was it when you called and what time would that have been for me here on the East coast USA ?
Additional info= You reached a "real" office, as a switch board would have had an international operator.
And the phone number is valid. And as the Buss. # was listed some 2 years ago lends itself to the idea that it is still very much a going concern.
Once you give me the time zone info I shall give it a try.
Why did it drop? Who knows for sure?! As I have said, I have had a "buy" order in at .05 since last week. So if as Kinny said, they should give the buyer the higher price then why didn't they. Instead the MM's took it at .035! Often very small buys and sell like that are done by schools as part of the education in either Civics or Math class. But whom really knows. Why get excited about a seven dollar trade!!?
OK---up-date: The international number is:
011-86-564-322-4888
I may also give it a try on evening just to see what happens.
Maybe I should learn Chinese first!
OK Here is the listing that I have for them:
Building 3
Liuan, ANH 237000
China
Phone: ( 564 ) 322-4888
Ok Like, let me know what they say about their turn around plans? You might need to call around four in the morning though. Better check out the time zone difference!
I'll be waiting to hear what you find out?
OK Like, you migt need to call at aroung four in the morning so check the time zone issues and let me know what they tell you!
Have an order to buy in at .05 but no takers on it so far. Its been in since yesterday. My holdings now are getting near 3% of the float. I intend to be here until the issue is decided. But they have an " in demand " line of products and an established market so with reasonable management they should grow.
How about some other thoughts out there? They have a ph number listed- maybe we should give it a ring! What say you?!
Danni
I looks like there are still some sellers. Probably those whom originally invested- mostly over there. Certainly some of todays trades wee NOT buys! But, the river is not deep here! So buying will indeed drive this as it does all other issues.
May buy tomorrow also!
Best to all
Danni
I picked up a little more today. Don't think that there is a lot left below .10 . Some maybe, but not a lot.
Hi Like,
Yes, there is. That would be the next quarterly which should be due around the 21-25 November period. And I sorta expect that quarterly to show a profit of at least a penny; maybe more. Based of course on the last quarterly showing an increase of a penny a share which brought them to the " even" mark.
As for anything else, well, news can come at any time as we all know.
You did not yet answer me though; are you at the 6 digit level yet?
best to all,
Danni
I was not the only one buying. Could, per chance, Kinny have decided to hold a few shares. Or is this the beginning of others to notice or just a random Penny seeker? Hmmmm!
But sooner or later I believe it to happen.
How bout you? You get your first 100K yet?
Like,
I was well over 100K before today!
Now YES Like , that was me buying today. I picked up over 20K today. But someone else was buying today also. That is almost 10K that someone else has bought between yesterday and today.
Now I believe that there is again, NOT a lot of shares left under .08. JMO of course.
No Like, that 3K did not go to me! I did have my order in but I assume that whomever got the 3K had theirs in before me.
No, I don't think anyone likes a spread like this. But I watch the tape every day going W A Y back and try to keep up on how many shares are actually " really" there being bought or sold. That gives me a pretty good idea where the " real" price range should be and will be eventually. Remember, the true Float on this puppy is VERY small. ANY serious buying ( say around 50-100K would have a major impact. So I don't worry about the short term spreads. Right now I think that there is a good bit of stock that they could sell at or under .05. But like everyone else, they want to make as much as they can too! But .10 right now is VERY much too high.
Two months yet till the next quarterly. And I have as much patience now as I had 2 yrs ago. No hurry for me. But news could come at any time, just like any stock. If the beginning of profit is there investors will see it before we do. And that's all it would take.
Like,
I wrote you several days ago but again it did not post! Anyhow, yesterday I had a " BUY " order in for 18K at .035 and they brought the bid up to that ( finally!) and brought the Ask down to five but I would not chase it. I had that bid in for almost a week before that. I have it in today also but no takers. But no way I am paying .10 with the bid going down to .0269!
Like,
No volume, no trades= nothing going on.
That's ok with me for now. Had a buy order in for over 15K most of last week at .041 and they would not sell to me. Have a buy order in now for over 18K at .035 and still no takers. So while there is a large diff between the bid and the ask they don't seem to want to sell below .05. They sure bought plenty below .04 so they do have stock to sell ! So I take it as a positive as they could have made a third profit on my .041 offer and chose not too. That should indicate that they do not expect a large sell off and think that they can make a greater profit on the cheap shares they bought. Time will tell. JMO
Danni