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rivetman i dont understand why you are asking these silly questions? Clearly your very uncomfortable with your position ( if you still have one ) and i dont think you have done much due diligence in CCME to be asking in the 1st place. But rule no 1, know what you own. Your last couple of questions have been answered hundreds of times.
I guess your mindset is reflective of many of the weak retail ex longs. Understandable in all reality and the reason why we will continue to retrace
CCME - Global Hunter reiterates aggressive BUY
https://ghsecurities.bluematrix.com/docs/pdf/4b261a09-1768-43bc-ad28-8c669e92e678.pdf?co=Ghsecurities&id=ghsresearch@ghsecurities
CCME - Global Hunter reiterates aggressive BUY
https://ghsecurities.bluematrix.com/docs/pdf/4b261a09-1768-43bc-ad28-8c669e92e678.pdf?co=Ghsecurities&id=ghsresearch@ghsecurities.com&source=mail
Hey Salty, its 10.30pm here, hitting the sack soon. when we hit $30 i will put up some real corkers for you of me sprawled out on KITT. Got some real belters lined up for you
Salty, im not letting go of any of my stock. i raised my position from 65% to 80% after Jacky took out 100K shares. My ass and sons future is on the line!!
I have zero doubt we will get there but todays actions will deter many investors to step back in. I have witnessed that already and just look at what happened to Pedro's stop losses today
Im still expecting $30 by April & at least $50-$65 by the year end, assuming the markets dont implode...
CCME, i think you will buy CCME for much less tomorrow and the next few days. As i have been alluding to for weeks the short squeeze will be a none event. CCME will make its trek to a 15-20 PE at its own pace to be attained by year end. In the meantime whether we like it or not the shorts are very firmly in control
the problem you have with the last weeks action is that investors or potential investors will be deterred from taking a position. I have tried to get a number of friends / investors interested in CCME. OK between them they might only buy 20-30,000 shares but they represent the typical larger retail investor. They have been sitting on the sidelines although they wanted to by last week on anticipation of the short squeeze that i told them wouldnt happen.
So im on the phone getting them to take a position now after the stock takes a 15% hit and they call me back stating that the stocks down another 3% after hours. They are now going to sit it out in the hope the stock tanks again tomorrow ( more likely than not we see 16's ) but are nonetheless hesitant in taking any sort of a position. They have the stomach for micro cap volatility but this is too much for them. who would have though it......
seriously you CANNOT for one minute lay any blame on CCME for not getting its ducks in a row. They honestly couldnt have courted investors and the market any better if they tried. Show me 1 China US listed stock which conducts themselves is a manner remotely similar to CCME. While your at it name me some better US listed co's
The fact is the shorts rule this stock and your short squeeze will amount to nothing more than a pinch. Once these crooked F%$K wits leave us alone we can get on with the job of a 15-20X multiple but there is little hope of this in the short term. we traded 7M shares today, nearly 75% of the float and we were down hugely. That tells you all you need to know for now
If the insider 100K buy and the divi didnt move the stock do you think conservative guidance and Q4 results will do anything meaningful?
If i wasnt so bloody fascinated by this and the CGS board i wouldnt check the stock price every nano second. My advice. Turn off your laptop and come back in 3 months, if only..........
Atco, i dont wish to alarm you its merely an opinion. There has been so much speculation and anticipation about a short squeeze and from the beginning i didnt buy into it and stated so at the time and still do today. I hope it happens however the expectations are far too high.
Yes i agree that the short interest is very high, extraordinarily so and that we are on the reg short list. However given all these factors coupled with the bombardment of positive press releases, blogs, awards, accolades almost daily and the fact that the whole float can be churned every 2 trading days without any upward movement of any real significance, i fail to see how this can elevate the stock to the levels anticipated. One can argue about last weeks 16% rise however the proceeding 2 trading days wiped that out and we are now back into the 17's. The Citron hit piece hasnt helped, nonetheless even without it the retracement appeared inevitable
CCME will surpass many of our valuations at some point towards the end of this year but for now whether we like it or not, fraudulent or otherwise the shorts remain in the most part in control of the stock. They are relentless in their pursuit and will continue unabated. I remain steadfast in my position as i "know what i own" but many retail investors will have or will exit CCME based on the extreme volatility that it exhibits. Its not over yet and we are more likely to see $16 tomorrow that we are $25 next week
JMHO
Like i keep saying i dont buy the short squeeze theory too much. Yes the interest is high but given the mass of positive news surrounding the stock and the short interest the performance of the stock price is nothing interesting and given all of the factors fairly disappointing.
I have a long term view, 2 years out so intra days swings are of little consequence to me. I do hope we see a squeeze just for the fun of it but thus far all the pointers indicate to the contrary and i fully expect the stock tome firmly into the $19's today
Good Luck
CCME day 9
=================================================================
Consecutive Days
Ticker Security Name on List
=================================================================
BSGC BIGSTRING CORPORATION COM STK 4
CABL CHINA CABLECOM HLDGS LTD ORD S 3
CCME CHINA MEDIAEXPRESS HOLDINGS IN 9
CDTI CLEAN DIESEL TECHNOLOGIES INC 10
CFGI CROWN FINANCIAL HOLDINGS, INC 14
CFWFF CALFRAC WELL SERVICES LTD 7
CNSTQ CONSTAR INTL INC COM STK 1
COWI CoroWare, Inc. New Common Stoc 43
CU FIRST TRUST ISE GLOBAL COPPER 92
CWNR CROSSWIND RENEWABLE ENERGY COR 2
CYRX CRYOPORT INC NEW COMMON STOCK 8
DEAR DEARBORN BANCORP INC 9
DUNR DUNE ENERGY INC NEW 29
ECTE Echo Therapeutics, Inc. Common 2
ELTP ELITE PHARMACEUTICAL 7
ESMNF EURASIAN MINERALS INC 19
FLMTF FULL METAL MINERALS LTD
DAY 9 !!
=================================================================
Consecutive Days
Ticker Security Name on List
=================================================================
BSGC BIGSTRING CORPORATION COM STK 4
CABL CHINA CABLECOM HLDGS LTD ORD S 3
CCME CHINA MEDIAEXPRESS HOLDINGS IN 9
CDTI CLEAN DIESEL TECHNOLOGIES INC 10
CFGI CROWN FINANCIAL HOLDINGS, INC 14
CFWFF CALFRAC WELL SERVICES LTD 7
CNSTQ CONSTAR INTL INC COM STK 1
COWI CoroWare, Inc. New Common Stoc 43
CU FIRST TRUST ISE GLOBAL COPPER 92
CWNR CROSSWIND RENEWABLE ENERGY COR 2
CYRX CRYOPORT INC NEW COMMON STOCK 8
DEAR DEARBORN BANCORP INC 9
DUNR DUNE ENERGY INC NEW 29
ECTE Echo Therapeutics, Inc. Common 2
ELTP ELITE PHARMACEUTICAL 7
ESMNF EURASIAN MINERALS INC 19
FLMTF FULL METAL MINERALS LTD
already has in a sea of red the Shanghai Comp is up 1.6%
Salty thanks. To be honest i still earn around $25M a year in broadcasting rights to my shows. I still need around $500,000 a year to pay for my drinking binges and CCME is going to give me this no problem
Newport yes i agree i think these guys have surely helped but dont forget Timothy, aka Value.
He has relentlessly trouncing the shorts on YMB and i mean its been relentless. furthermore, go to any recent article or blog written about CCME and Tim is there commenting on either the inaccuracies or indeed supporting their positive thesis with additional substantiated information
as a treat to you all i decided to change my poster profile today. I had this shot taken after i won a few global awards for my Baywatch show. Enjoy
wow saltgawg where did you see that PM volume and price? Been watching it on yahoo & IHub and only seeing a small gain
After reading our resident chartists comments i would prefer we retrace to fill the gap from yesterday. CCME thus far appears to fill these gaps and i would rather we clear it now and not when we hit $30 next month
Short squeeze. Is this what we have seen today? is this just the start of the squeeze? If not why the volume? Just curious
I'll bet you £100 and the Queens knickers that CCME will have made significantly larger gains than CGPI 6 months from here.
I will also bet you £50 and Prince Charles soiled boxer shorts that we wont see a sell off after Q4 earnings. On a YoY basis earnings will be stunning although on a sequential basis possibly flat or in a temporary decline due to SWITOW costs
RATO, good points as expected but they dont address the fact that CCME is diversifying its sales media channels very broadly and making the value proposition for cross selling across all these channels to the client compelling.
we all know that the the ttm EPS for CCME will be $3.00 at the time Q4 results are posted. Even factoring in the additional 7m shares for 2011, $3.50 is pretty much guaranteed thats more than obvious. There are so very many factors that warrant CCME to attain a multiple well in excess of 20 and they have been banded about here for eons so there is no need to regurgitate them.
I have to respectfully disagree with your thesis on every level which is a rarity for me given your one of the brightest minds on this board.
$50 would still put CCME fairly and squarely in the "undervalued bucket"
6979, seems like yourself and tothe are masters of the charting inverse. Been reading your posts with some interest but in fairness in complete confusion on the basis that i have never tried to understand TA. Given what has happened today as you projected where does this set us up technically. I believe that some pivotal points may have been breached today which indicate a strong buy.
TIA
CCME, rato, im would be interested to understand your rationale as to why you dont believe CCME deserves a price target of $50? That would peg CCME an approx 13 x 2011 projected EPS or say 15-16 x 2010 estimated EPS. #
The peer sector mean multiple is 19-20X. CCME's peers cant match CCME's metrics or growth rates. In fact they dont come even close on any level. Moreover CCME is about to pay a divi, has huge insider buying, is expanding into a very "sexy" online sales media, SWITOW, has aspirations of owing a radio station selling advertising, consistently smashes already lofty earnings and revenue estimates, has been voted no1 SME by Forbes, do you need me to continue...?
On that basis wouldnt you say that CCME deserved a much higher multiple?
I say a, much lower than 71%
TF, i remain a staunch long term holder and defender of CCME. My position extends 2 years out so i try to take a long sighted view of where the stock is headed, clearly substantially higher.
Nonetheless i remain disappointed with the share price action. You mention 2011 guidance, tour buses and Q4 results as a possible catalyst but i dont see it. Recall pretty much the entire CCME investor universe believed that the insider buy and divi would drive the stock well into the 20's.
I dont buy into the massive short squeeze either, although the short interest is high. Im not sure what the TA is like currently although again it appears it is bullish yet we are starting to retrace rather convincingly on days when the markets are going crazy.
The stock will have is day and it will be epic, but the catalyst wont be from any direct news release or short interest.
Wall Street Transcript.
Very timely well written and pro Chinese article on the future of Chinese stocks with a mention of CCME
http://finance.yahoo.com/news/Chinese-Economy-Shifts-From-twst-4119433913.html?x=0&.v=1
Wall Street Transcript.
Very timely well written and pro Chinese article on the future of Chinese stocks with a mention of CCME
http://finance.yahoo.com/news/Chinese-Economy-Shifts-From-twst-4119433913.html?x=0&.v=1
Very bizarre reason not to continue dd or indeed invest further. Have you thought of simply contacting Jacky before you take a pass on what is likely an investment of a life time? I hope you do I have been enjoying your posts and would hate it to halt based on what is relatively immaterial given the much wider picture. Should you wish to contact Jacky I would advise calling him as oppose email. 5 minutes on the phone with him and you will be increasing your position in Ccme take it from me
IBD Top 15 World Stocks
Cant log into IBD to verify but the poster on YMB is credible going on his hisotorical posts
17-Jan-11 12:15 am
In descending order:
ALV
LYB
CYD
CCME
SINA
BIDU
MELI
SPRD
SQM
RDWR
GGAL
CIS
VIT
ARMH
SIG
Page B12 of Monday's IBD
IBD Top 15 World Stocks
Cant log into IBD to verify but the poster on YMB is credible going on his hisotorical posts
17-Jan-11 12:15 am
In descending order:
ALV
LYB
CYD
CCME
SINA
BIDU
MELI
SPRD
SQM
RDWR
GGAL
CIS
VIT
ARMH
SIG
Page B12 of Monday's IBD
Bob & TF congrats. As for CGS being the best board on I Hub i would say without question the best stock board out there. The moderators and posters here are second to none. If there was a subscription to view the messages on this board i would pay it.
Keep up the good work everyone
Hey Dan, if you look back at several posts that i have made, spanning back to Sept last year i have continually stated that this will be a $100 stock within 12-16 months. It will become a market darling as we like to term such equities across the pond.
Many cannot get their heads around this possibility but by Q3 of this year and at a PE of 20ish we will have an implied $100 value
You heard it here 1st, several times in fact.
MARK THIS POST
CCME, year target will breeze $55-$65. Your target of $35 will be met by April, possibly May and would only imply a PE of 10 x hardly fair value
CRISTO, apologies i re read your post.
I thought you said that did Zack think that CCME was one of the possible fraudulent co's? As such i replied there is zero chance. I see now that you were asking if CCME was one of the co's he actually visited, apologies
There is zero chance that CCME is one of them.....Zero
Not true at all. The article is legit as is Zack although i think its very poorly written
Rich, i mentioned BSPM and CKGT because what they do is obscure or unusual to many Westerners. Simply appointing a big 4 isnt going to cut it. I reckon 90% of this space is vulnerable right now whether they are candidates for fraud or not, allegations will be made regardless which MUST be defended.
There will be a flight to quality, its already begun and many stocks in this space will languish as volumes drop off.
Those equities that genuinely are the real deal will have to very significantly step up to the mark. some will, many cant or wont
The SA article and those that will undoubtedly follow will kill of many china names this year fraud or otherwise. The illiquid small co's will suffer the worse and those obscure co's such as CKGT or BSPM of which i own will simply languish
The flip side will be the flight to quality and i believe it will be significant. The likes of CCME will flourish and start to attain reasonable multiples. By reasonable i mean in excess of 20X. In CCME's case it will be much higher in 2012
Thats why CCME occupies 70% of my portfolio will probably off load many of my smaller china holdings shortly
The SA article is VERY damaging for this space and make no mistake over the course of the next few months many are going to lose a lot of money over it, especially as it originates from a credible source, Zack Buckley.
The plus side is that there will be a flight to quality and names like CCME will start to attain justifiable PE's in excess of 20+.
For many of our other obscure stocks for example those that manufacture or produce cigarettes or complimentary medicine ( i won a few ) they will be taken down fraud allegations or otherwise.
Thats why CCME is 70% of my porfolio, has been since November
CCME, we of course already knew this but its great that management decided to make if official
honestly?? I really doubt it
are you kidding ?