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CGPI at $4.15 share Guidance for $1.45 puts CGPI at 2.5X's 2011 earnings maybe the cheapest China stock around will grab a few more down here...1RST QTR
# Revenue increased 45.4% to $12.1 million
# Non-GAAP adjusted net income increased 22.5% to $3.9 million with adjusted EPS of $0.30
# Gross margin increased 740 basis points to 60.5%
# China Redstone reiterates guidance for FY2011: Revenue of $40.0 million and net income of $19.5 million with EPS of $1.45
CGPI China Redstone got a call from Ted Haberfield from HC International as CGPI will be in Florida & wanted to know if I had interest in meeting with management... In speaking about CGPI he feels their uplisting s/b complete by end of year or early next & does NOT have plans of doing equity raise for quite a while & certainly not at these levels.... have a very small position but stated #1 Goal to get uplisted & increase liquidity.....
CELM love the fundies & the biz don't love the 4 mill shares registered for sale ... will need to see much higher share volume to draw my attention or lower prices....
TSTC holding up well as NO huge moves just stair stepping higher consolidates a few sessions & moves up again nice action...
HIHO getting some play @ LION protective cases like ZAGG got nice new U.S based customer thin 2 mill share Float
HONG KONG, Oct. 18, 2010 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO - News) today announced it has received orders valued at approximately $5.56 million for protective cases for a popular mobile phone from a U.S.-based supplier of these accessories.
The manufacture of protective cases for the initial two-month order has commenced and delivery is expected to be completed within sixty days. Highway Holdings anticipates receiving similar ongoing monthly orders upon achieving full production capacity.
"We are gratified by the confidence of this new customer in our quality and technical capabilities and look forward to developing a long-term business relationship as a key supplier," said Roland Kohl, president and chief executive officer.
He noted that the mobile phone protective cases will be produced by the company's Golden Bright Plastic Manufacturing subsidiary, which was acquired in 2006 and subsequently integrated to further enhance Highway Holdings' manufacturing capabilities.
Don't Get Lost in the Macro
By Rev Shark
RealMoney.com Contributor
10/26/2010 2:28 PM EDT
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It has been another frustrating day for the bears as the opening gap down was aggressively bought. But the buying has since sputtered out and the market has moved back to even. Now it appears that the selling is picking up.
I have been a bit nervous about the potential for a market pullback, but it continues to hold up extremely well. The bears have not been able to do much despite some growing negatives.
What I try to do in a market environment like this is to stay focused on individual trades and not dwell on why the big picture may be negative. It is very easy for traders to miss good trades because they are too focused on the negatives in the macro picture. There are good trades to be made -- even in markets that are struggling -- but it is very easy to talk yourself out of them if you are constantly worrying about the big picture.
China Shen Zhou Mining & Resources (SHZ - commentary - Trade Now), which I mentioned this morning as a potential rare-earth play, pulled off a picture-perfect reversal. This stock had a big, two-day move when it was first discovered by the hot money. It then pulled back on lighter volume on the third day, and that was a great setup for another surge to the upside on higher volume. I sold this one down but will continue to watch it.
I've been selling down longs pretty steadily since yesterday morning and, if we have a weak finish today, I'm going to reduce inventory further and look at some short plays. The market action still isn't bad, but it does feel fatigued.
At the time of publication, Rev Shark was long SHZ.
OINK new HOD $6.15 this one will go soon imo ...
OINK showing life again IMO gonna go soon & definitely on Earnings report s/b first week in Nov
That is an original owner that sold 500K to Starr only thing new is the amount of shares owned which has been reduced by 500K to 1.8 million now held vs 2.3 million previously.
CCME was highlighted by Rev Shark this A.M.
Trading Spaces
By Rev Shark
RealMoney.com Contributor
10/26/2010 10:40 AM EDT
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We gapped down on a stronger dollar, but the dip buyers are inching in, and slightly better-than-expected consumer confidence is helping. Keep in mind that dip buying has worked consistently for months, so it tends to occur automatically on any weakness. It is only after the dip buyers are burned a few times that downtrends gain momentum.
Breadth is about two-to-one negative, with oil and banks leading, while steel, chips and gold are lagging. It is very mixed action, with no obvious themes. The dollar is stronger, which is hurting commodities, but many in the group are bouncing off their early lows.
I'm staying focused on interesting setups and am trying to knock out some trades while watching to see how overall market direction develops.
Spreadtrum (SPRD - commentary - Trade Now), which I mentioned yesterday, continues to look good, and I'm adding a little in anticipation of a move through resistance at $14. Rare earth plays are perky, and I'm watching China Shen Zhou Mining (SHZ - commentary - Trade Now) for a reversal and a move back toward $3.50. TransGlobe Energy (TGA - commentary - Trade Now), a little Canadian oil play, has estimates of $0.61 for 2010 and $1.02 for 2011. It looks to be breaking out today. China MediaExpress (CCME - commentary - Trade Now) is a China play that looks to be turning back up after a pullback. Support.com (SPRT - commentary - Trade Now) is a low-priced software player, trying to break out over $5.
At the time of publication, Rev Shark was long SPRD, SHZ, TGA, SPRT and CCME, but positions can change at any time.
CDCS anyone else miss this from $6 to $8 ? talk about a quiet move up LOL....
OINK someone stepping up as nice afternoon vol buys nice $$$$$$$$$$
OINK someone stepping up as nice afternoon vol buys nice $$$$$$$$$$
TSTC broke above 200Day M/A today another positive technical.... Chart looks primed now all we need is great earnings news & a big fat WFDS contract for 2011 ..
HRBN getting hit on Neg piece out link... I hope this LIE about EVERY CHINA Co crap doesn't start again...
http://us.rd.yahoo.com/finance/external/pssa/SIG=12s942q8b/*http%3A//seekingalpha.com/article/232037-harbin-electric-hope-and-the-magic-margin-machine?source=yahoo
OINK spoke to co. rep Zoe on Fri afternoon sounded very upbeat says they are finalizing #'s & hopes to get them out 1rst week in Nov.. imo only the expansion will show up along with higher Hog prices in 3rd Qtr & will show blowout growth & garner some much needed attention....
OINK anyone read this New piece on OINK Nice don't we know this guy ??? LOL...
http://us.rd.yahoo.com/finance/external/pssa/SIG=12hnn1jte/*http%3A//seekingalpha.com/article/231965-tianli-agritech-oink-if-you-like-value?source=yahoo
TSTC $13.40 nice breakout s/b $15 by earnings & if new WFDS contract happens well imo $20's or higher very very quickly.... Strong possibility with that huge 44 Mill $$$ line of credit signed & good for 5 Years !! China banks typically loan small amounts and only in 1 year terms so this LOC is a big deal....
TSTC 2 new trader picking up TSTC Jeff Farley Trading in the Zone and Rev Shark adding again Real Money piece just out....
Beware of Exuberance
By Rev Shark
RealMoney.com Contributor
10/22/2010 10:31 AM EDT
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We off to a choppy start with some of the good earnings reports from the likes of Baidu (BIDU - commentary - Trade Now), Riverbed Technology (RVBD - commentary - Trade Now) and Chipotle Mexican Grill (CMG - commentary - Trade Now) leading the action. Oil is up and commodities are mixed as market players watch the dollar very closely.
One thing that makes me a bit nervous today is that everyone is extremely aware of the tendency of the market to do well on the Fed's Permanent Market Operations ("POMO") days. When you have a major broker like Goldman Sachs basically saying to just buy on those days, you have to wonder if it is time for the obvious trade to stop working.
I came into the day with very little on my watch list, and that hasn't changed so far. I added a little Telestone Technologies (TSTC - commentary - Trade Now) as it tries to move up after three days of consolidation. I also took some ProShares Ultra Short Russell 2000 (TWM - commentary - Trade Now), as I'm concerned about the small-cap action, but I'm not doing anything too aggressive there yet. The market is holding up, and I have no interest in fighting the Fed unless the selling pressure starts to accelerate.
At the time of publication, DePorre was long TSTC and TWM.
TSTC heading for $13's nice will be $15 by earnings imo and again on new WFDS contract could hit new 52 week highs imo....
BORN 2nd article pointing to fraud Hmmm I think some of it may stick this time but who knows no position.... Just hope we don't go back to all China is a fake and scam story again I cant take another bout of B.S. taking down all our stocks...
RINO breaking out $18's huge short interest still...
Nice list only GFRE & TSTC slowly grinding higher all the rest taking off congrats $$$$$$$$$$$$$$$$$$$$$
OINK showing strength $5.79 also of note OINK hasn't done back to back 100K Vol days since 3rd day of IPO look at last 8 days in a row avg closer to 200K all over 100K ??? maybe being accumulated for run certainly cheap enough and IPO qualities like BORN .... Geo had nice article on OINK ....
OINK getting some PM action $5.62
UURAF reading article seems so especially LAST LINE...
"These initial drill results exceed our expectations for the Dotson Zone, as we count down to the final few holes required to deliver an NI 43-101 compliant Inferred Resource at or near the end of this year," said Jim McKenzie, President and CEO of Ucore. "As always, our objective has been to verify the historical resource for this area as set out by the U.S. Geological Survey (formerly the US Bureau of Mines; USBM OFR 33-89), converting these expectations to NI 43-101 compliance, before embarking on an aggressive mine feasibility and development schedule in 2011."
"In May of this year, Ucore released a Conceptual Estimate for the combined I&L and Dotson Zones," continued McKenzie. "We're now delighted to upgrade those figures, with an approximate 50% increase in the overall grade and 30% increase in the overall tonnage, beyond the estimates released in May. The skew towards HREE content for the deposit remains exceptionally strong, and places Bokan amongst the highest known HREE skews in the world. Together, the increased grade and tonnage figures represent a deposit sufficient to meet U.S. heavy rare earth needs for decades."
YUII What a great day for them with 3.6 mill offering being priced hitting mkt ...
UURAF did you read todays news ? LINK
http://www.marketwatch.com/story/ucore-releases-initial-drill-results-and-expands-conceptual-estimate-2010-10-20?reflink=MW_news_stmp
OINK being stonewalled at $5.40 over 40K just broke through
O.T UURAF Rare mineral play under 2 mionth Avg .50 in some
http://www.marketwatch.com/story/ucore-releases-initial-drill-results-and-expands-conceptual-estimate-2010-10-20?reflink=MW_news_stmp
OINK added shares $5.40 imo steal will report strong Qtr hog prices very high...
It got pumped & running just posted potential runner at $1.70's now $2.15 after SHZ many looking for next play and CHGS got picked up...
Any UNplayed mineral stocks ?
CHGS being picked up as mineral play at Lion
OINK small pullback $5.50's Vol still there last 7 days setting up and will have good #'s when they report imo as hog prices were very strong in the Qtr...
CCME has their S-3 for 2 mill shares effective in filing out
CCME seeing very large bid $14.50 AH's and some nice buys over 7K ?? No new news I see
DQ added DQ @ $12.10 reminds me of JKS 9 mill shares trades good Vol and cheap at 7X's earnings from IPO went from $10 to $15 in days nice pullback entry imo....
CCME look for BORN type move on break of $15 great volume again and absorbed all they could throw at CCME
TSTC Green nice $12.66 next leg up as keep in mind only started moving yesterday was stuck in base in $11's for last 4 weeks and didn't participate with other China movers.... very cheap growth co. 5X's 2010 EPS and 80% growth rate