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I don't have a price target. I have an entry target of $.13 and $.15 and/or a move back above $.25
The chart is telling me that $.15 has a very good chance of being tested.
If $.20 holds I will be a buyer if the stock moves back above $.25 and holds.
Took a few more days than I thought it would to roll over. Stock looks poised to test the longs with a sub $.20 flush soon. Still looking to enter at $.13 and $.15
Don't ask for what you don't want
"Hey guys are u ready to get more shares, I am waiting for deals here. 0.28 will be a good entry point."
I may be dreaming but my entry is going to be 50% lower than yours if my dream comes true.
A pause at $.20 isn't good. If it was going to bounce it would have bounced quickly. MM is sorting the orders out. I suspect we will see a drop to at least $.18 today. Heck, I may even get my order filled at $.15
and here comes the sub $.20 flush
Chart says sub $2 prices coming soon. A drop below $2.18 tomorrow should get it going. $1.50 in the coming days would be no surpise based on the weekly chart pattern.
Your point?
This coming from someone that keeps posting this company might be bought out or is the target of a hostile takeover.
All that I said is that I have orders in at $.13 and $.15. The chart is rolling over and a move below $.20 will trigger some panic selling. My agenda is clear. I want in when people are panic selling. I am not hiding anything. you don't have to agree with me.
Me posting that I want in at $.15 is no different than you posting bogus EPS numbers and stock price targets. Check yourself.
Chart is rolling over. A new move below $.20 should trigger some decent selling. I have buy orders in at $.15 and $.13
A move below $.20 is coming soon I think. This board is too bullish. When Han is dumping at $.15 and cursing the CEO, that is when I will be buying.
MM's must be accumulating shares ahead of the buyout. Announcement probably not coming any day now.
Are we watching the same stock? You are talking about resistance that is 35% overhead when the stock is having trouble staying green for more than half a day.
You may want to take off the rose colored glasses.
Do us all a favor while you are patting yourself on the back. Post when you sell. I don't want to hear after the stock drops back to $2 that you managed to sell at the high. You should be selling here at $2.50 but I doubt you are as smart as you think you are.
"Relax, big news is coming"
Really? Who at the company told you this?
Also, why is it whenever there are big blocks it's a buy? Someone sold those 6mil shares also. Those blocks could have been a circle jerk for all we know. 1 mil shares at a time from one MM to another and then back again to make people think there are big buyers stepping in. We have no idea.
Price is what matters and right now the price is dropping. The fact that there were big block buys at $.20 has no bearing on your account value and what price you can sell your shares at.
What happened? Are you throwing your EPS projections in the trash?
Another PR soon? The stock needs one if it's going to hold above $2 this week. The last PR was good for a churn. How about a PR that actually move's the stock for more than 1 day NNRF? C'mon NNRF! Step up and tell us something that will cause more than a one day PR buyers price pop!
Does anyone have an info on CMP? I know they are a 60% owned subsidiary of AAGH but I have been unable to find any info on them specifically. i.e Website, other business, etc.
It would be nice to know what they own 60% of.
I read it again carefully and I came to the same conclusion. You are using made up numbers to arrive at your 20 cent EPS number.
I am still waiting for you to explain why you think but more importantly how WWTBAM is going to capture 10% of CCTV's entire prime time ad revenues. Especially when you have no idea how much they are charging and how much of those charges they will even see after the government takes their portion(and I do mean take).
"enough on this topic"
New rule everyone. No more AAGH talk on the AAGH board.
You cut your earnings estimates in half, I see that now. So let me ask again then. Do you honestly think WWTBAM is going to capture 10% of the 2008 CCTV ad revenues?
I don't see how a show that is going to be on 2 times a week(1 re-run) on a network with 17 stations is going to capture 10% of the stations total prime time revenue dollars. The number 1 show in the US doesn't even capture that large of a share. Assuming a brand new show in China with no ratings track record in that country is going to surpass the highest rated show in the US is a bit presumptive.
The unknown number is how much WWTBAM/CCTV is going to charge for advertising time. You don't know what it is. I don't know what it is. Until we have that info the earnings models you are creating are pure speculation.
"Total advertising expenditure in China is expected to be $18.4 billion in 2008, up from $14.7 billion this year."
That number includes internet, newspaper, etc. Not just TV.
CCTV is the station playing WWTBAM.
"CCTV’s strategy of offering more events and more flexible packaging paid off handsomely as the national broadcaster rang up RMB6.7 billion (US$855 million) in ad revenues from its annual prime time auction for 2007—15.7% more than the previous year."
http://www.tvasia.com.sg/article.asp?articleid=7
Let's assume big growth for 2008 of 25%. That would put CCTV's primetime ad revenue a little over $1 Bil USD.
Using your calculations you are expecting WWTBAM to grab about 20%($200+ mil) of CCTV's primetime ad revenue for 2008. 20% share might be possible if CCTV was only a couple of channels, but CCTV has 17 channels.
A quick comparison to US advertising costs proves my point.
http://tvbythenumbers.com/2007/09/30/30-second-ad-cost-for-broadcast-primetime-shows/
The highest rated show on US TV(American Idol) captures about 16% of primetime and it takes 2 shows to do that.
I like a good story too but your numbers are way off and should not be used. You even said it yourself "Currently, I don’t know the advertising rate WWTBAM in China charges".
The total revenue for China TV adverstising in 2007 is about $2.6 bil USD. Your calculations show WWTBAM capturing about $208 mil USD in ad revenue in 1 year.
Do you really believe that 104 episodes of 1 show(1 new and 1 re-run) will account for 10% of all the ad revenue for all of China?
Some hard work went into your numbers but unfortunately your calculations are way off base.
I am not short but I am laughing at your buys. So you are half right. Good luck with your "cheap" buys.
You may want to wait until the stock is actually up for more than 1 day before blowing your horn.
you are buying because of this news? Why buy here when you will be able to buy in the low to mid $1 range in a couple of weeks?
Something new for ST and the other pumpers to hang their everlong bullish hats on.
This was the stock of the month when it was at $4 and then again at $3. The chart support lines keep getting redrawn lower and lower. Is it the stock of the month at $2 now?
Pink Sheet, OTC or Amex it doesn't matter what exchange it trades on. The bottom line is the company needs to show results. Until then, the downtrend will continue.
SHOW ME RESULTS NNRF!
The trading community will buy the story as soon as the company comes through and actually proves their story is true. Up to this point it has been all promises and no delivery. I would be very interested to see what the price of the stock would be if ST and ICE hadn't done a full court pump on it.
Of course the relationship is 1:1, that is not my point.
Price movement is a direct result of supply/demand so when there are more willing sellers than willing buyers, the price naturally moves lower as the sellers seek out willing buyers at lower prices.
Why is it the doing of the MM when a stock moves lower or doesn't move higher? Stocks move lower because there are more sellers than buyers. Trying to figure out what the MM is doing is a losing game. Play the price action.