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only a bit if the buying was mine
For 9 months I have been almost the only buyer of CPICF as it trades so little and for months have taken all shares under 3 cents - today the big came to 3 so I bought some - 15 the 10 etc added only 40k then someone came in and got 219k at 0.035 so took all remaining shares at that price. http://tinyurl.com/gsyzh
Guess they need some deal to move it to beyond 15 cents....
Here is the weekly chart
15 cents looks like first resistance
http://tinyurl.com/gsyzh
Super volume today and up 128% so far
CPICF action
Often it trades 0 but today 257k so far
getmynaz
that transaction you saw lst night on market close happened in the day but it was not booked yet so they ran it trough so it would show
Weekly chart
Using a weekly chart cuts out the day to day noise
you can see that the trend line could break to the upside soon and if it does with good volume it would be a buy
http://tinyurl.com/pxwtq
MACD .
I have always had margin so do not know what is is without but I thought the settled funds issue was one of being a day traders or not. I think the only requirement for that was a minimum $25k in account.
Regardless, you cannot use margin for OTC stocks and of course not pink sheet stocks now would you want to. Some brokers also limit it to stocks over a set amount like $5 and there are some stocks with very high beta that are non marginable and each broker has a list.
Margin doubles your buying power for stocks held overnight and up to 4X for day trades.
It should be used when you have higher risk reward situations.
A recent example is GOOG that had been on fire and then fell and broke its trend line the the 50-day EMA http://tinyurl.com/8xdw6
It then went to the 200-day EMA and second trend line so a very low risk buy as it has much support and if it failed you would get out with small loss.
The target when stocks break a trend line and then reverse back up is the trend line from below and in this case happens also to be the 50-day EMA again so the full move would be $58 or 17% but using margin the gains would be 34%.
Margin is great but you have to use it only in low risk situations.
I use it for day trades almost every day so for break out plays I can use up to 4 times my actual available balance. I use it on high volume breaks outs that have a better chance to succeed. Yesterday were breaks like VION http://tinyurl.com/n9ce6
MLNM http://tinyurl.com/rn8rb
RMTI http://tinyurl.com/oytvb
For other stocks use the CPICF board for now
I posted a note on it there as it is up 1,000% in 7 days
On USXP
I sold today as it was second failure at trend line and 200-day ema
If it can base a bit and leep above there then it can go higher - otherwise a pullback
http://stockcharts.com/def/servlet/SC.web?c=usxp,uu[e,a]waclyyay[d19990224,20060224][pc50!c200!f][vc...
Which MM you see means nothing IMO
When I buy or sell I can select a MM - ARCA NITE BTRD BRUT etc
It means nothing which one someone uses except in unusual situations. As an example at the close if a stock has an offer at 1.25 on ARCA and 1.20 on BEST - someone could but in a buy and select ARCA and put in price of 1.25 and they would get tilled at 1.25 and not the market price of 1.20. So the stock could close higher then the market price.
I do not even turn on the MM column in level II for this stock.
Aaron Zhu did not stay co-CEO long at CTDC
Aaron was CFO at CTGLF in the past and when he went to CTDC he seemed to be trying to duplicate a structure...
Anyway what he did and the promotion sure made that stock (CTDC)takes off but who knows for what reason as they had such little sales and big losses but it should go back to some more reasonable price maybe $2 - who knows..
Anyway just interesting the announcement Friday that he is no longer co-CEO with that company.
I was talking about his with Dichain and wrote about that company to CTGLF.
Will be interesting to see where we next see his name.
http://tinyurl.com/knhpb
As to brokers - interactive brokers chaarges $0.005 per share wtih minimum of $1 per trade and a maximum of 0.02% (to use for penny stocks)
Every broker should provide real time quotes to all of its customers as no one is going to place orders based on delayed quotes.
Re: Where is the volume today
today is a resting day. The best thing for a long term move up is to have higher volume up days followed by lower volume resting or sell off days.
This shows that there is big buying interest and that when it sells off those buyers are holding while the small traders exit. Then after some time the volume kicks sin again as but long term buyers add and traders but for a quick move.
I think most people easily see that the stock was at .30 a year ago so know it is going there but short term traders will not tie up money more then a couple of days.
That can work but you need huge volume move stocks like today on USXP it ran up yet again on huge volume right to the trend line and 200-week EMA and a perfect time to sell for that one. It was up 136% on the day - dropped to 36% and is now 46%. SO on those you can trade in and out but not really on CTGLF as volume is much to light. USXP as a tiny price stock has done a billion shares already today.....
So on CTGLF volume will return once people are scared that the pullback is done and they do not want to miss the next run... then they scramble to try and get in
Right Aqua
sorry - I was referring to CHMD - also a China Media - like China Technologies - many companies similar name - I have not bought CMDA as at the moment its volume is too low for me.
Interesting symbol as China Merchants Dichain Asia is also refereed to as CMDA.....
Thanks Aqua
Yes am aware of all the China stocks except pink sheets as I do not trade them
I put up some charts on the CPICF board - not all Chinese but ones that are in advance or pullback stages. I played the one you mentioned yesterday as it is the only penny that had not run and it did 100% - it is very well known and did 10 million share yesterday so 10 times more then CTGLF - when CTGLF gets a 10 million day we will see some good action and not this silly wide spread and tiny volume.
Need more consolidation.
With RSI a bit high and above the top bands it would be good now to go sideways for a week to "make room" between the Bollinger bands and candles.
You may have noticed today that after a pullback that one point with the bid at 155 there was 110k buy at 165 then some others. This is just some getting on board. I would not mind at all now a pullback to strengthen even more the base. Each time it dips and people buy it builds the place where people look to buy.
This can dip for 5 days if it wants and is ok with me as it is just noise now. Did you notice how CHMD ran up 100% today - another China play. This stock will very likely also see that type of action one day. CHMD did 10 million shares today.
CTGLF has now said they are likely going to add an additional company so more business and that may be what will send the stock. Any pullback is fine and even if it goes to test the 200-day. Tests give everyone confidence as they can then see the support so buy more aggressively.
I use EMA not MA so no golder cross yet but it will come not long from now - note on chart http://tinyurl.com/aqreg
After any pullback I think the next run will be much faster as who will want to sell on a second move up -- only fools I think.
I wanted to buy CDSS yesterday real bad but had to wait until today and got it first thing and the volume was great and I could not figure out why people would sell at 55 cents a a break out...I guess many never look at a chart so had no idea. My target was the 200-day at 74 but it jumped and I got out at 82 as I was only playing it as a day trade today. http://tinyurl.com/oehnz
I mention this stock to show - see how it went to 54 then pulled back to 40 and think of all those who did not pay attention to the low volume pullback and sold at 36 or 40 and missed doubling their money..
CTGLF now has a market cap less then half that of CTDC but has 3 times the sales and has profits and a bigger backer. It will make a run as all can see it was at 30 cents a year ago. We have had a double each month lately so maybe will take until March to make another one...
When we see volume of 10 million or so we will know the stock has gotten noticed - it will happen for sure as I track 47 china play stocks and they are all getting bought at their own time.
Look again at the daily chart and see all the blank empty space betwen here and the 28 cent mark. That is going to be filled so any retrace before it does only adds more owners - the buyers who do see that space that will be filled.
have been stocking mostly to China plays
they have been just fantastic - cannot lat forever as so many already ran up 400-1,000%. The last low priced ran today almost 100%
http://stockcharts.com/def/servlet/SC.web?c=CHMD,uu[e,a]daclyyay[d20051123,20061123][pc50!c200!d20,2...
and CWLC after it pullback yesterday ran up about 35% or so for a quick profit.
Some others that have been great or about to break out are
http://stockcharts.com/def/servlet/SC.web?c=xpng,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=imnr,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=vrso,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=nich,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=usxp,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=cdss,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=gtec,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=ngru,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
http://stockcharts.com/def/servlet/SC.web?c=cdgt,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila...
Had XSNX in the past as there was a lot of talk of alt energy but now playing ones that can mvoe 35-100% in a day - this action may not last too long so playing while it does
Spread the chart around
I cannot get this chart every where - this daily chart shows the cup and handle break out better. If more people saw it then more interest would come as there really is not logical resistance to 28. IT really could help if a few thousand traders saw this - there are almost 5,000 OTC stocks so a lot of competition so charts need to be seen.
Here is the full size chart link
http://tinyurl.com/aqreg
Aqua there was news and JT not much
Aqua the move has been building of course but the news last week one says the government may give up to $400k to company a year for research - now that shows very good contacts with government and obviously a good chance for some business ---
and the other item about another merger or buyout to add to the earnings potential for the company is also very good news
I am a bit surprised that it is not yet over 20
---
JT - I pay little attention to level II as it is never real anyway - to some degree is is but it is controlled by MMs as it is not Nasdaq. As you know if you put in an oder for 20k they only show 5k most of the time. ARCA though is electronic so it can show real but also does not always. However you can but in an order using ARCA and if you do it say to buy but below the bid they maybe you have no intention to buy but want people to see it... Level II to me is not useful much for this stock. Time ans Sales shows the actual trades so better for me. I do not know who you get your level II from - if someone id show a bid for 120 I think it was for 12k. My level 1 shows it that way but level II would show it at 12,000
The volume comes when enough people see it and buy
simple as that - when momentum comes then at some point the sellers who are willing to sell for a 2 cent gain eventually sell out and then the price takes off and all the momo players come in. Look at all the stock that lately went up 100 or 200% then finally get noticed and then have big buying and all the folk talking about how the company is great and too low priced etc. It is so funny but that is what happens. People will say - Wow this company makes a profit and has a big backer etc... old info but how many people know it - not many. When you get a thousand players then it gets inter sting. Unfortunately no way to time it exactly. NXXI I had as it had a base at about $1 so very low risk - today out of the blue they came out with some news and the stock runs up 50% in a little while.
A couple of years ago CTGLF had a 60 million share day - that shakes folks up...
rabblerouser
This is still consolidation and only 1 million shares. YOu will know when it starts moving when 5 or 10 or 20 million shares cross the tape. I have been trading a lot of the China tech movers the last two months and they get interesting once they start doing 50% to 100% gains in a day. For theis to be aboe to break out at 40 cents it will need some days of big volume moves. No one can know when they come. Look at some that have moved and there seems not explainaction to run 1,000% but many have.
I like the 2 cent days but will like 10 and 20 cent days much more. This will get noticed once it puts in a 5 million share day and moves 40-50% - like GTEC did today -- another China Tech stock amoung the many
The bid moves as there are no sellers at a lower price
Think of how many China Tech stocks have moved this year and CTGLF has not made a run yet. CTDC went from #1.50 to $12 on $800k sales and $1.2 million loss and CTGLF had $2 million sales and a profit.
CWLC went from $0.016 to $0.21 on tiny contract PR
There is a long list that have moved so hopefully CTGLF can make a similar run as actually they have a business and a profit.
Gess you do not look at the charts
had PR last week and that helped - as do all the Chinese stocks that have run up 500% and more...
MACD
----
do not know what you mean - companies that are in china or companies who consult for china
and what kind or consulting - marketing - advertising - accounting - capital markets etc?
Real and CWLC adds another 50%
CWLC so far moving another 50% yey..
http://tinyurl.com/pscyu
Yes - CPICF is a shell and they have not changed the website
they will try to do a similar deal as what is on the site
Which company will we buy
or "merge" with
I have been wondering a while. If it is an in-house company as was suggested yesterday and is the normal play then maybe it could be Dichq - they have one of the most popular wireless modems in Asia http://www.dichq.com/en/
I have spoken with people at Dichq and business is brisk there - do not know their financial situation but know there is a short wait on ordering as products are popular.
The idea of Dichin Holdings it to buy companies and work with them a while then get them into the capital markets as they did with Dichian Software when we merges with them. Dichain Holding has only only three public companies - CMDA, CTGLF and CPICF so of course for tech we are the ones.
Since the start of CTGLF the idea is to obtain many business over time and this one may be a good start.
http://www.dichq.com/en/about.htm
We will see as no way to know - but just a guess on one possible......
JT the Press Release are not confused
They speak of China Merchants DiChain Group meaning Dichain Holdings - ... a fast growing business conglomerate...
Not to be confused with your former notion that China Merchant Dichain Asia (CMDA) was parent
I can seem confusing s they have such similar names but b=not so hard to figure out if you read the 20-F
Right DiChain Holdings Limited is parent
NOT - Dichain Asia (alsos refered to China Merchants Dichain Asia_
If you would just read the 20-F from November all would be clear and maybe you would stop making these posts.
In part it says,
We (meaning CTGLF) are part of a group of companies. At the top of this group is DiChain Holdings Ltd. DiChain Holdings Ltd. has a 51.17% interest in China Merchants
DiChain (Asia) Ltd., which currently has a 5.05% interest in us. Prior to our acquisition of DICHAIN Software, DICHAIN Holdings' wholly-owned subsidiary,
DICHAIN Systems Ltd., held a 68% interest in DICHAIN Software. Following the acquisition, DICHAIN Software, incorporated in the People's Republic of China,
became our wholly owned subsidiary and DICHAIN Systems Ltd. became a majority holder of our shares.
_______________________
Dichain Holdings is the parent and the deal maker and any future merger or acquisition will be handled mostly with them as they are majority sharholder.
Please just forget about China Merchants Dichain Asia - they mainly handle bonded warehouse space and some logistics and hopefully will give some good contracts to CTGLF for software and systemd but that is all.
As I said last time - hopefully for the last time
China Merchants Dichain Asia - http://www.dichainasia.com/eng/index.asp
the company with stock on the Hong Kong exchange is not a parent of CTGLF. Period. They own about 5% of the stock is all.
Some people are shared but they are separate businesses/
The parent of CTGLF who owns the majority the stock Is Dicahin Holdings http://www.dichain.com/dichain/index.htm
They own Dichain Asia and CTGLF and are the parent and they are the company with ties to China Merchant Group. http://www.cmhk.com/en/
Last time - China Merchants DiChain Group is not China Merchants DiChain ASIA - they are totally different companies. China Merchants DiChain Group is a holding company - check the website and maybe you will understand.
I know it can be confusing at first but many USA companies also have a similar situation where a holding company owns several smaller companies and over time the do IPOs or on other ways break these out. Dichain Asia and CTGLF both had their beginning with Dichian Holdings but they are not connected except that Dichain Asia holds some of the stock.
CTGLF on the move on news
and chart shows near a break out http://tinyurl.com/c2kkh
They had two items - remeber that they did $2.2 million in sales last year and made a profit while CTDC did 800k in sales and lost $1.2 milliom
The CEO at CTDC was CFO at CTGLF back when thery er losign money.
one item http://tinyurl.com/dxql3
and
HONG KONG, February 15/ CTGLF News Center/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF), a leading information technology solutions provider for logistics and supply chain management in China and Hong Kong, announced today that its subsidiary, DiChain Software has recently been rated as " The Key Logistics (IT) Enterprise" and also ranked as No. 1 among all appraised enterprises. The appraisal committee, organized by the Shen Zhen municipal government consisted of prominent experts and renowned academicians from the industry. Mayor Xu delivered an in-depth report about the current market trend of the Shen Zhen logistics industry and unquestionably recognized DiChain Software's leading role and contribution.
Wayne Wang, Ph.D., the Executive Vice President of the Company, commented, "This recognition is another prestigious credit of key logistics enterprise appraised by Shen Zhen government since 2004, and further certifies our company's leading position in China's IT industry. This recognition is based on the full-scale research of the industry, and a forecast of enterprise according to its capability and expansibility. The Company is honored as the key logistics enterprise for 5 years, from 2005 to 2010, and also qualified to a priority of gaining US$400,000 supporting funds from the central government per year. Shen Zhen government will also assign appropriate funds to support the enterprise's further development in the industry.
----
and note
China Merchants Group is one of the 50 largest enterprises in China, owned by the State and directly supervised by the central government. Its total business assets is about US$30 billion, primarily focusing on financial services, transportation and logistics and real estate property development.
Post that PR around
The CTDC mentions their pareent company with $3 billion and our partner associate China Merchant Group has 10 times more and I quoted it in my faxes so glad they included that part.
China Merchants Group is one of the 50 largest enterprises in China, owned by the State and directly supervised by the central government. Its total business assets is about US$30 billion, primarily focusing on financial services, transportation and logistics and real estate property development.
CTDC gained today and they have 800k in sales and $1.2 million in losses and they sell third party software... so it is nuts that that stock is so high - we need to catch up
I guess the calls and faxes helped
am not sure but another time when this was just sitting I sent faxes and emails and next day good volume and bounce - maybe some Hong Kong buyers to show all is ok
Forgot the penguin
http://tinyurl.com/d6z3n
VASO been killer
a little late for posting as I do not look here often but http://tinyurl.com/94a9v been very good and today in Pre taking profits at 45 but will look to get back
a NASDAQ stock
Spoke with Mary today
Mary is Dr. Fan's secretary. He is in Beijing this week (here is a map showing Beijing in relation to Shenzhen) http://tinyurl.com/dqto3 - I knew that but was trying to reach Sifie. I sent Mary another fax so it would get to Sifie and Frank when they return.
Mary said that CTGLF was doing good and I expressed our wish they would let the rest of the world know about it. I said that Sifie had done no Investor Relations actually as far as we knew in many months and Mary said she would mention that to Frank.
The new fax number to China is country code 86 then 755 2689 7087
Their new China office is in the Times Plaza building in case you are visiting :)
Actually when it goes high the volume
will be plenty for selling when that comes
days like this are examples - there is so far $1,200 traded hands - but the day recently going up it has $100k
One day they will get a contract of partnership that will make them do a press release and when we can do 5 million shares in a day that stock can move fast
But on tiny volume days some person wants to sell $500 worth on a no volume day... they are the ones that buy back on big volume days after it is up 20%
Macd
Actually this stock is not good for trading really as the volume is far too low and the spread can be so wide. There are always some very good trading stocks with high volume and tight spreads. An example are the many very popular Chinese based stocks that have been on a big run lately. Buying them on pullbacks to support and selling at resistance has been very good. Just yesterday 3 of them did that and ended up 15-29% and the volume is very good. Yesterday CESV CNVX CAAS were very good and CHDX had super voluem and looks ready to move soon. CYD also has a nice pennant. Pullback plays have been good on strong stocks - SURG was also nice yesterday - so there are plenty to choose from.
If you try and trade CTGLF you are fighting yourself for the longer term. I pointed out how I saw a trade for $10,000 at $0.139 (71,942 shares) and then the next day a sale of that at a bit over 0.11. Someone came in for a trade at a 0.14 break out but since some were trying to trade and sold that level the break out did not happen. That person moved on and their sale was about 1/3 of that day's volume and also that sale likely shook others out.
With such low volume any selling helps to hold the stock down but a break above 14 would help bring in folks.
If you like small ones as an example LOUD has been very good as they try to get it over $1 for 10 days to stay listed on NASDAQ and that has had great volume and a nice run so far. The Chinese noodle company NWD has also been a good trader as they keep trying to break out to stay above 1.25.
Anyway there are tons of stocks to trade that have good patterns where you can buy on pullbacks and they have high volume so you can get in and out easily. Trying to trade CTGLF just defeats the purpose of long term and puts more selling pressure on the stock.
New stronger hands
The price is about where it was a week ago but during the past seven trading days we had 2,832,000 shares bought on the up days and 1,066.000 on the down or almost 3 to 1 were buyers.
That means we added buyers holding 2 million shares who have bought for higher prices. (well actually all 4 million shares are now in new hands but you know what I mean I think - the 2.8 million of them were aggressive buyers.)
It is like a game of chicken the buyers are playing hoping that the sellers will lower their asks then all of a sudden it is too much for one and they grab 25k or 40k shares then they wait again. The buyers know that at some point as each time before, the price will just go back up and they will not be able to get shares.
Anyway pretty good week - price still the same but having all those shares in news hands is good.
That 14 cent resistance is now a clear point so likely in the next run the strength will be enough to just push on through and that is what this consolidation is for - to build strength.
The 50-day and 200-day EMA are getting close as one comes down and the other goes up and most often when they cross there is a big move. Also when the 50 goes above the 200 then the long term up trend is very clear to all.
Some else can judge from the chart how long at this rate it will take for the 50 to cross above but looks to me like about a month or 5 weeks - what do you think.
Have not but next week
Yes they did move into new offices in China. In Hong Kong Leon was still on vacation as it was short week so he took off the extra days.
I was told m faxes were given to Eddie in Hong Kong and to Sifie in China and assume the others were as well.
I am not sure what the usual Job of Sifie now is but was told she has been very busy but did know I called. I put her on my IM so will send her a note next week when I see she is online.
Really low volume last two days - that is good as a nice way to consolidate. Time works about as well as pullbacks for consolidation so just sitting is fine.
Short week in China
The company is open as of today but with a 3 day week so some took off the days to extend the holiday - rather normal.
In Hong Kong the woman told me that she had given my latest fax to Eddie as he was on the phone - I got busy and given not call him later.
In China over the holidays they moved to the new offices and I knew that. It was actually a surprise as when the woman picked up the phone she did not answer "Dichain" - she said hello to me using my name before I sad a word. - She has caller ID and recognized my number so knew it was me. She had given my fax to Frank and Sifie also. The phones are not exactly setup right yet as some lines are being assigned. I called Sifie on her mobile though and left a message.
Anyway they know we are wanting some PR and the fact that the woman knew who was calling was a surprise which means they know we are out here.
just FYI - please refrain from turning this post into a negative comment
last time
you are even reading the company website and still do not understand that 0632 the company China Merchants Dichain Asia is not Dichain Software - not a parent of either
the merger had nothing to do with 0632 -
0632 owns about 5% of the stock in CTGLF not a major shareholder. Read the 20-F not the website.
0632 paid the salaries of the staff used by CTGLF for 2 years so were paid in stock for this. IT was better for CTGLF then using cash.
Enough - stop it
0632 is a company listed on the Hong Kong exchange
China Merchants DiChain (Asia) Limited (0632)
it is not in anyway Dichain Software - the company DFCT merged wit - I do not need to say it again - read the 20F then read it a few more times - read all the proposals before the merger took place.
I think you are just trying to be a pain in the butt. I do not think that others are so confused.