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beautiful.. just beautiful.
just got home. was containing my enthusiasm earlier and then saw it claw back to sub17.
beautiful to see it appears ( at least today ) to be a spike that won't be held back.
although minimal by most of your standards. pretty stoked I picked up more yesterday at 16.16
let's hope for a 17+ close or better.
have a great weekend, all.
ain't tremendous... but before it changes I refer to this view upon getting home from work.
thanks for the 'real simple today post'
personally find it useful to see what we are aiming at and why.. on the "no news" conservative days, at least.
was trawling and found this post from 7 weeks back on BronteCapital blogspot. delete this if it's a dup.. but I liked the article. pretty fair assessment?
http://brontecapital.blogspot.com/2010/11/china-media-express-wall-street-drama.html
CCME "as cheap as can be"
just rehashing most of what is already known...
But the uptake on pretty much every online information source with regards to the Attractiveness of CCME has got to eventually lead to some serious traction on the Long front.
if this is a duplicate... just delete the post!
http://www.istockanalyst.com/article/viewarticle/articleid/4791532
Annual meeting tonight.............
well, I saw it mentioned on the YMB earlier and it was probably what encouraged me stop waiting & to go ahead and buy a bit more in todays trough.
Why no mention here? Any expectations... or is it a meeting that doesn't generally result in any statements?
Just picked up a few more....
300 at 16.16.... which was a buck less than what I almost pulled the trigger on a few days back.
I've been on here long enough to know that a walkdown is easily on the cards. And I'm sure a few would have said, "buy in $15s" But, I'm happy with where I'm at and have plenty of time to see this one through. :0
The feel good factor of being able to read so many positive articles on the outlook on this stcok (albeit potential), is definitely there.
officially in for about 5% of, our new friend, Brians stack now!!...
we all have to start somewhere, eh.
re: traderfan post #9090 ......
jeez.. qoute "The biggest problem I see is that the market is on the verge of a collapse and is holding up barely now but we can't use it to our advantage."
now that fills me with a lot of confidence. Can't you keep your posts to pure 'pumping' please :)
so you recon this is the last bastion of market hope induced with a last bit of QE mustered? small % chance of a overall strong 2011?
that sort of reality makes me think I should go back to a basic trading principle of setting a Stop Loss.... (what a novel idea) Which, of course, the shorts will find a way to Trigger!! uh. probably Tomorrow!
Nigel and your gap theory....
So Nigel, you saying that our cliff drop this morning to 16.22 was all to do with filling some gap that you mentioned the other day... and now that it's filled you are happy and we can now find a higher support base?
Though I have no doubt you can back most of this up with stats... doesn't it all sound a bit fantasical that buyers/sellers/shorts mysticaly happen to move according to this inherent need to fill gaps?
not trying to be negative/difficult, but just seems that I've watched plenty of stocks that fly past a number of gaps, not to return to in the same year, and in some cases... in the same decade.
or am I just being silly.
plus side to the frustrating bit....
well, if one of my Limits sells fill on one of my other positions shortly, means I'll be able to buy 300 shares at .60 less than I almost bought at this a.m.
take the wife out for dinner with my massive savings!! ;)
I meant to last week at $15.8 but went out to dinner an forgot....
doh.
thinking about exiting a position in MRGE... to pick up a few hundred more shares here.
will watch today, if it goes much below $17.. i'll probably pick up a few. could see pre-market enthusiasm having a little potential of waning..? looking at history.
**WOW..didn't even have to wait for the 15 minutes timeline on editting to expire.. $16.80 going to watch this a bit today and pick an entry point... maybe tomorrow? ;)
broke through $17 seal with a patriot missile :)
or a scud... or whatever you wish to call it!
Hell... I don't even care is the shorts want to call it a flying turd. I'll take it - for the smile it put on my face.
It feels like the percolation has begun
yep.. sure does, eh.
63,000 shares pre market and a couple pt. increase ain't bad for a start to the day.
can't imagine where the shorts are getting their inner-strength from these days....
CCME behaviour last couple trading weeks.
Pretty happy with it. looking/feeling a lot more stable. and dare I say reasonable considering DD
Another day or so of this and I will be getting the feeling that only significant bad news / or general market malaise could lead to another step down..(bearing in mind that would be a different CCMe than most committed Longs are used to!)
barring that - would love to see more of the same... slight daily increases/holds with the occasional $dollar jumps!!
been a good week or so.....
I've been pretty happy with the way CCME traded this week... especially with the 4.8M short positions announcement!!!!
*when I came to this site I chose my name in hope it would give me the patience to see this call through. So far, so good :)
Anyway. Happy New Year to all.
..time to go out, stand at a bar with old friends and rehash stories of yore...
Sitting at home next to the fire with 'ole trouble&strife sounds far more apealing at the moment, must be getting old.
liking the stability lately....
I've been waiting to pick up some more after my knee jerk add-on last week at $16.73
thought I'd wait to see if we got the inevitable walk down... but even with these 4.8M short positions, and even on low volume days... it just isn't happening.
what do you guys think? have we hit stability - is a walk down just as likely... or just not worth making the call.
Man. this is one crazy stock.
This is the most entertained I've been by any position I've take in the past 12 years.
It's definitely risen above "B" movie status with the 5M+ Shorts... the Shopping portal + all the other news we've had in 5 weeks!?
Just priceless to watch.... hope it turns into an 'epic' :)
** now back to the basic story line. We've seen some more news released and a quick shoot up to $16. Is this where the power and might of 5,000,000 short positions start playing "God" ?
position update for the day.
ok. so was 200K last night and down to 90K now.
Questions:
What does all this mean! ;)
1. are those definitely short positions that have been taken or do shares get pulled from the short market before being bought?
2. Considering that's 175K worth of shorts taken over the past couple days... is that really that many? or pretty much what we've been seeing for months? If it is a lot, does it point to a short attack or is that not something one can predict on these numbers.
** interested in any enlightenment that can be shared in this area.
thanks,
many feeling the same ;)
yes.. Amen to all your posts ( pedro, tiesto, value) - and I'm not even religious.
agree with you 100% Pedro and although not as dramatic, I can relate to your 'opportunity cost', tiesto.
I've dumped a majority my portfolio into this, all thanks to some random Millstone post on SA ;) both of which are unwise by any trading standard!
but hey, ho. Need to get focused on my day job and investments out of the market & 2011 will be a great year regardless of CCME.
Keep thinking I should close my eyes to CCME for a while. ....which is agreeing with rjeezy007!
nice little finish to the day.
without our token 200K transfer... ;)
Saying "nice" on a few cents down sounds silly, but for me is relative the walk-downs I've witnessed in similar circumstances recently. my expectations are just so High, huh!
anyway... great to see that the shorts didn't pummel this stock on such a low volume day. day started with 250K short positions available and ended with 200K..
if it's as easy to manipulate this position as you guys have talked about in the past... would have thought today would have been easy pickings.
encouraging.
update on availability..
it now says 250,000. Not sure if my little updates are useful to anyone, welcome or pretty much an unwelcome tidbit that I should end.
personally just trying to understand the other side, how they work - to see if I can find gain in therein.
Anyway. it's gone from 20K to 250K in the last hour.
Is this shorts getting out and thus more positions available.... or merely more firepower brokers are finding for Shorts as they see that there's commercial demand / market that's buying?
( hopefully to lose money on! )
change in available shorts over past 24 hours.
Last I checked was around 4 p.m. GMT yesterday and 100K available down from 150K pre trading.
20K right now. That's with 65K being chewed up the day before..
That's got to be a bit of buying power for a some manipulation.
Available Short positions today.
150K shares available about and hour ago... down to 100K now.
200,000 shares after hours.
So it wasn't an open market sale/purchase, but most likely a brokered deal between funds? i.e. straight across swap with no real price change?
....nice deal for the buyer?
after hours tutoring please....
How can 200,000 shares change hands with no real change in price at all... when Jackie's 100K was a freak'n $1 scud missle.
I know this probably sounds a stupid question to you guys, but please enlighten.
What is the obvious I'm missing here.... I find it nye impossible to believe that there were 200k's worth of open orders within pennies of the closing price???
I would have expected 200K's worth of shares to execute quite a few of our Limit sells at many $'s more than $16.39
shorts picked up 30K of the 65K available today...
hey! unlike a few weeks back when they would have snapped up the 65K within the first 45 minutes of trading! ;)
another 5K of available short just taken.
shorts seem to have an insatiable appetite for this stock. with 60K sitting there for that next 'fix'... I can see the junkies doping up a bit more over the next 48 hours.
would be really nice to see some traction at $16.40 leading to a nice steady day... maybe $16.70 close. is that asking too much!? or really too little ;)
It's like being on a Rollercoaster...
I've checked a the graph inbetween emails over the last hour...
I really feel like i'm on some sort of rollercoaster ride.
Nearly above water.... again.
just got back from town to a welcome view.
Breathing through a straw now and can see daylight..... would be nice to dry off and grow some wings ;)
Not to be funny... but with this "Stansberry rally" and just like all the others... unless there's more news on Monday... couldn't we be laughing( in a wimpering kind of way ) at yet another walk-down in the near future!! :)
Best Stock in the world Article
brings a little tear to the corner of my eye!! ;)
seriously though, made be feel better as I casually think, from time to time, the amount of my portfolio I've pumped into this baby.
thanks for all the emotional support guys! Now I think I'll hop on the train...go into London and make some money the old fashion way.
Good one Salty.....
feeling silly that I didn't show a little more restraint. But I got them now. ;)
jumped the gun a little.
oh well, it's out of a long account anyway.. ;)
I'm sure in 6 months I'll look back and won't care if I added a little more at $15.50 or $16.70!!
Management sure seem to be taking this whole Nasdaq listed PLC thing pretty darn seriously. Keeping it exciting for us longs.
Just picked up a bit more...
300 at 16.73. Was planning on doing it today, anyway... but in the low $15's and not hi 16's !!
** i hope these are limit sell orders filling right now...
but hey ho. Let's see how things pan out. would be nice to break through the $17 that it just couldn't seem to do the other day...
so much for poor euro news...
I'm green on every position. abeit a fine line.
i.e. if anyone one of us were asked - do you see a sudden 3pt bump into the 16's or a sudden 3pt hit today... errr. where would the bookies money be?? ;)
General sentiment for the day.
Spain.. it was inevitable wasnt' it. Little more fear for markets/ the masses to latch onto & drag markets down, though.
Maybe that will mean CCME will rise as per it's usual non-trend following characteristics! ??
RE: Salty. Too Right... this is the wildest rides I've ever been on. If I hadn't have found this forum, can't help but thinking I'd have flipped this one a while ago. but hey ho; 'feel' I know too much now... or do i really?
I've got about about $10K sitting on the side that I could use to buy on the way down. ( If I'm so convinced that a weeks worth of no news will lead to a gradual slide... then why am I not Trading!!!? ) if I hadn't been at client meetings yesterday until 5:00 GMT.., possibly would have around $16.40 as i thought another dramatic sway would whittle us back to Jacky's range.
but, once again. Hey Ho
Where do shorts realise return?
I figure a majority were in at the sub $15 level i.e. prior to the Jacky run... so even this $16.80 to $15.90 does little more than give them hope that it will continue?
i.e. they've got to get to $14 - £14.50 until they see any value in their position, correct? Just seems a big, big gamble...
thanks.
re: shorts pretty low.
are you saying the shorts are still buying the hell out of this stock at ever chance they can get?
why
obviously we could see a little pull back from todays high, but to bet on a major pull-back... seems wild.
article in Guru Focus
http://www.gurufocus.com/news.php?id=116831
only bit of new info to some might be:
CCME is in the portfolios of Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.
10% Owner Space Holding Ltd Thousand sold shares of CCME stock.
China Mediaexpress Holdings Inc (CCME): CFO Jacky Wai Kei Lam Bought 100,000 Shares
CFO of China Mediaexpress Holdings Inc (CCME) Jacky Wai Kei Lam bought 100,000 shares on 12/09/2010 at an average price of $15. China MediaExpress Holdings, Inc. is China's largest television advertising operator that generates revenue by selling advertisements on its network of television displays installed on over 18,000 express buses originating in thirteen of China's most prosperous regions. China Mediaexpress Holdings Inc has a market cap of $532.2 million; its shares were traded at around $15.52 with a P/E ratio of 6.6 and P/S ratio of 5.6.
China MediaExpress Holdings, Inc. announced financial results for the three and nine months ended September 30, 2010. Revenue increased by 118% to $57.0 million as compared to $26.1 million. Net income increased by 167% to $31.1 million or $0.81 per diluted share as compared to $11.7 million or $0.56 per diluted share.
Or... short squeezeII
So was looking on one of the other forums and someone listed all the Short positions still being taken.
Can we expect another aggressive, coordinate effort by shorts in the near future, once momentum peters a bit?
I mean, doesn't appear they stand a chance in the long run; but this is the cycle we're in, and they will do their level best to get us back to $15... right?
Bad Day at Black Rock 4 Shorts...
if enough 'rightfully' started to panic and run striaght to cover it would eventually create a run in itself, correct !??