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CAST reported yesterday.. good numbers.. stock behaved today..
FUQI just reported.. strong numbers.. after hours up nicely..
Too bad I have just a small fraction in both names compared to what is tied up in CHINA which at these prices is not a profitable position mainly due to additions in higher prices.. aargh..
Even with good numbers now the market being what it is, share price is having a bit of difficulty getting out of mid 6 area.. This will be long hard slog to get back to double digit.. Hopefully they are very close to announcing concrete dates for spin offs.. But I have to say, I am not a happy camper this year..
Not behaving well at all even considering the markets in general.. One lousy and long year.. lol..
CHINA is almost at 52 week low of last year.. Any case, I should have my head examined since I added some at 6.46 .. Chart sucks obviously.. Under what ever MA you want to look at..
We are due news on lawsuites any day since last news on it was they were talking and trying to solve the impasse and we are due some news on the split unless buggers have changed their mind about splitting the company altogether..
In FWIW column, of late, I have taken positions in CAST and FUQI (recent IPO at 9) .. chinese companies and both at higher prices from where they are trading today..
WebBroker Select Company News Alert
========================
China.com Signs Advertising Contract with China's Leading Online Games Developer
bwire
BEIJING (Business Wire) -- China.com, a leading Internet services provider in China and a Hong Kong listed subsidiary of CDC Corporation (NASDAQ:CHINA), announced today it has signed an advertising contract with Giant Interactive Group Inc. (NYSE: GA), one of the leading online games developers and operators in China. The advertising campaign for Giant will run on China.com's newly enhanced game channel.
http://game.china.com/.
Designed as a comprehensive game portal and an interactive gaming platform, the China.com Game Channel serves as an effective bridge between game operators and game players. It provides game players with detailed information about popular multiplayer online games and enables them to form game communities. The game channel also provides operators with a platform to advertise their MMO (Massively Multiplayer Online) games to millions of game players in China and allows domestic and overseas game operators to launch their browser-based games.
"We are pleased to add Giant to our growing list of prestigious clients advertising with our portal," said Donglei Fang, COO of china.com Inc. "As more and more game operators compete for players, they are expected to increase their online advertising spending significantly. China.com's unique combination of comprehensive gaming information and an interactive gaming platform provides an ideal choice for game advertisers and operators. We are confident our game channel will become a very popular online destination."
About Giant Interactive Group, Inc.
Giant Interactive Group, Inc. is one of China's leading online game developers and operators in terms of revenues. The company
focuses on massively multiplayer online, or MMO, games that are played through networked game servers in which tens of thousands of players are able to simultaneously connect and interact. Its online game ZT Online was the most popular online game in China in 2006, according to a report published by International Data Corporation (IDC), a leading market research firm.
About China.com Inc.
China.com is a leading operator of Internet portals, serving a broad range of audiences in China. In 2006, it was chosen as the first company to host Google's Video Adsense which serves video ads targeted at China's English-speaking audience. china.com also was appointed by the Jilin government as the exclusive web sponsor of the 2007 Asian Winter Games. China.com was listed on the GEM of the Stock Exchange of Hong Kong limited on March 9, 2000. In December 2000, China.com Inc.
was admitted as a constituent stock of the Hang Seng IT and IT
Portfolio Indices.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ:CHINA), please visit www.cdccorporation.net
Right.. some folks I know played GA today for a profit..
Me, I am just sulking about unfairness of life.. Here we are in what is appropriate named CHINA for god sake, the right sectors and what we have is year is about to end and these folks are still fiddling..
Looks like only thing conceivably that might help the share price here is when they announce concrete dates for split as well as when they start providing guidance at operating units level and of course it is not going to hurt if all lawsuits etc. are dismissed and they make up.. May be they should ease up on some of these wonderful news releases.. Does not hurt but I am not sure it does much for any one..
I can't believe how this year has worked out for CHINA considering what virtually every chinese tech has done this year..
Right.. Better then spending money on lawsuit that has to be settled at some point anyways..
Good luck.. Don't have any of them.. As for FFHL, last I played them was in late spring..
I personally have problem getting into high p/s stocks and now and again when I do get one right, I leave them too early.. such as EJ couple of months ago..Today touching a new high..
This has been a lousy year as far as my execution goes.. lol.. Actually unbroken record now for few years of lousy execution. To think CHINA which peaked in early spring has not been able to recover when every dog out there is setting new highs makes me ill..
Thanks.. Looks like they are big enough.. Oh well.. hard to second guess who might have caused this rift..
In FWIW column, one of my stocks, PALM dropped yesterday much more then the $ 9 return of capital that is coming to existing share holder of record on Oct. 24.. So today it is bouncing back some .. Analysts are divided on their prospects.. About equal numbers recommending it and others against it and as many neutral.. Volatile and at this point only big name player trading in single digit..
The company balance sheet will be weaker after this payout but on the other hand, PALM is a valuable trade mark, new blood has come from Apple (guy who was responsible for ipod0 and new equity injected comes with 2 new directors ..
Another one I have been adding of late is CREE.. Huge short interest but I am betting on their LED niche..
Well if true, atleast this is positive in that there is enough pressure to settle and get on with it.. Not sure how big Mgame is and how much money CDC invested there but their behaviour certainly looks petulant..
It becomes murkier..
If it means these guys will license someone else in China and that might mean perhaps they were involved with these other sites that were already running Yulgang.. Looks to me like this will get uglier before it gets better since it seems a lot of asian pride is wrapped up in who said and did what..
Not impressed with Mgame moves either..
Just came alive..
Their other games are just taking off but this one obviously is well established and major contributor to their gaming unit.. Hopefully, they will follow up soon with some positive news on spin offs etc.. These buggers are taking too long..
Right.. I wonder what kind of management strength CDC has in different operating units..
Just saw that.. No wonder the share price has been weak.. These guys are not delivering again.. Nasdaq and every other stock is strong.. :o(
Saw the news.. Still no position this go around.. watched it go up all the way to 10+ from 6+ without taking a position due to a bit of cloud over the legal issues.. Don't care about the 3 share holders but not sure of companies liabilities in terms of equipments..
One of the few Chinese or software companies that is not at yearly or multi year high so eventually I hope it gets noticed again.. Good premarket volume today anyways..
Finally showing some signs of life.. Big volume and good price gain.. Perhaps, spin off is getting closer..
Trading Halted.. News pending I guess..
LOL.. sounds good.. I registered and immediately felt old..
Should register and play the game.. Judge it first hand if the game is any good..
I was concerned about cash on hand at NCST after the parent had reported exposure to mortgage securities so I sent IR an email.. Here is the reply..
------------
"Thank you for your e-mail. At June 30, 2007, NUCRYST had $20.2 million in cash and short term investments. NUCRYST’s cash and short term investments are not impacted by the current asset-backed commercial paper issue."
------------
So that is a relief.. Now we need news re. commercialization of last FDA approval etc..
Fundamentally, earnings, balance sheet and upcoming spinoffs etc. should make this one trade closer to 10 then here so this is quite puzzling..
Unless there is outright book cooking or fraud, there is no reason for this stock not to recover so I intend to hold and watch and might even consider over allocation once they start giving guidance again at software unit and game unit level..
Really don't understand the weakness in CHINA unless there are things we don't know.. Last six months it has been all over the map without going any where.. Not much improvement despite Naz +54
I know.. I really should.. May be next week.. No more CHINA.. Will have to find some new dogs..
Ok.. I could not resist so increased my position by another 10%
Thanks.. I might add more depending on next week.. I am not sure Fed is not going to disappoint the markets next week..
Understood.. And one reason I have 10% + of my portfolio still tied to CHINA ..
I have on occasion, when it was 11+ earlier in the year and 10+ during summer thought of selling it and buying it back on weakness but I am not a cool customer when it comes to trading so here I sit with full position and thinking of adding..
I tried trading CREE for example and during the volatility dumped it around 26-27 after it had pulled back from 30 for a good profit (bought in mid to high teens) but I really wanted to keep it for longer term.. So what happened ? I could not bring myself to buy back CREE around 23-24 range and today it is back to almost 30..
Sigh.. On the plus side of course I am sitting on cash which should provide some comfort.. for now at least it is irritating me to hell watching CREE and CHINA .. And of course I am using the thread for cheap therapy.. LOL..
Saw that.. Nothing seems to help of late.. relentless downward pressure.. pretty depressing for sure..
I listened to the CC.. I'd say investors over reacted.. Although I must say they could have delivered this message a bit better.. Needless to say I am holding but I do think they need to do more work on the portal and mobile side of the business.. A disappointment nonetheless and I'd feel better when they go over the 8 dollar hump and start providing breakdown for software and game units.. It sounded though they are getting closer to the spin off..
As for the dividend, the proposal to the board is to distribute dividend in kind, i.e shares in the units that will be spun off..
Re. EFUT .. not really.. Other then watching the volatility when they went public, I have never looked at the fundamentals too closely.. Looks like a small company.. I will check it out.. My last buys have been mainly in NCST, a small Pharmaceutical company..
Right.. That is my concern as well.. By all account, this should be already trading in 10+ range and more..
FWIW Got this from my broker's alert..
CHINA-Q Recommendation upgrade.
14-Aug-2007 09:02 PM
Some data delayed up to 20 minutes
CHINA-Q
Consensus recommendation (new): Strong Buy
Consensus recommendation (past): Buy
Mean recommendation: 1.5 (1.00 Strong Buy - 5.00 Sell)
CHINA has been a lot weaker then I thought.. With their last announcement re. IPO, I had hoped they'd break past 10 decisively so I even added at 10.. Bummer..
Yeah.. Quite nice.. I actually did not see the news re. the contract so was wondering what was going on.. I do hope, one of these days, their game and mobile unit as well as the portal starts delivering.. Wouldn't mind if CHINA starts behaving like other Chinese techs but for that to happen, we need to see much stronger net earnings..