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To be honest nothing gives me (and I believe others as well) confidence in the management at this point in time. Thats one of the reasons its not running like the other stocks in this sector and has barely moved while crude keeps climbing.
Its a good risk reward play because if management comes through, people will trust them again and it'll be off to the races to make up the lost ground. I have options and shares so I hope they announce a date soon, lol.
Indeed, and thats assuming the float has remained the same since the last institutional report. If I had to guess I'd say the float is somewhat smaller than what it was back in Sept.
You're absolutely right about the double and more in 2011. Sometimes people forget about the long term picture.
I'm fairly confident CCME will achieve $4 EPS in 2011, slap a deserving 15 PE on that and we have $60 stock in our hands right now at $20. Its all about having the patience to hold. We've already seen how fast this stock can rise and with each passing qtr CCME proves it has the ability to be a top performer in the China advertising space. I for one won't be selling a share right at the beginning of this growth story.
We're more than good here. Let the retail investors take profits and sell their shares to the smart money with the bigger picture in mind. This qtr was a smash, we might get IBD 100 this week and the 4+ million shorts will have their asses handed to them yet again.
Did everyone forget about IBD 100 all of a sudden, lol.
lol, Guidance Increase of 15-19 mil
Increase 2010 Net Income Guidance
Based on year-to-to-date results and expectations for the fourth quarter, the Company is increasing its 2010 net income guidance which is expected to be in the range of $100 million to $104 million compared to the previous net income guidance of $82 million to $85 million
GSI - I traded this stock from last year.
It maybe still is a promising play long term because China wants to consolidate the steel industry and they are the biggest steel company in the Shaanxi province and China is still runnning its Go West strategy as far as I know, so its not like they are in a bad position in the market. They haven't done enough on the consolidation front but its still on my watch list.
Good luck to everyone today, hoping for some big news so lets do this.
UTA - picked up 10 Feb $7.50 calls @ .60
With regards to CCME there will for sure be profit taking come Monday, maybe even substantial since I believe a decent amount of people are expecting a dividend annoucement and if we don't get it, I'd expect some people to deleverage and that would scare off the momos.
With that said, I'm not too worried as a long term holder because regardless with what people do on Monday CCME will have another qtr under the belt to solidfy its reputation which will in turn bring in more institutions and maybe even the official IBD 100 ranking. And if they were to announce the dividend....well I'm sure you can guess.
Overall even with a pullback there is still a lot more upside than downside IMO.
LOL I just got on now and everything is green across the board, what a day so far.
Almost 2 million shares traded above $17, lol where were these buyers when we were less than $10?
Wonderful reward we all got for sticking it through the dark ages.
lol, RINO does ring a bell but I don't believe CCME will fall back to lower levels if the company keeps delivering as it has.
$18 - First timer WEEEEEEEEEEEEEEEEEEEEEEE!!!
I was kinda hoping it would drop below $6, but at least I got 10 $7.50 calls @.15 to go with the 500 from yesterday.
First time back in NEP since the fiasco, I really hope they don't do anything stupid.
You said it....Always a gamble to not sell on the news but I'm still holding cause you never know when it might break.
NEP - Added 500 @ $6.45
Error, it shows to have sold @.95 - Interesting since I used a limit order for $1.
lol I don't have a TA perspective but I've been learning to appreciate it more and more with the way the market is working.
My thoughts though are its a combination of the semi-smart shorts finally calling it quits, the recent exposure giving us more momentum and traders/longs starting to pile on for earnings.
The great thing is we've done it all without any big announcements since the share buyback. If we did get a big announcement like an aquisition or dividend we'd be on fire.
Sold the $4.5 calls @1.00... Still holding onto the $4s for now, might end up converting them.
Yeah my guess is shorts threw whatever they had left at us just now, they must definately be hurting.
Those shares purchased in the 15s are looking really good:)
I'm here and waiting to see if we can break our old high on no news, lol.
Yeah I think thats the best way to go about it. All depends on how we trade come Monday, but I'll probably look to sell half and take my chances with the rest. If things go really well I might just say wee for the first time, lol.
AVNR - gratz, always nice when a gamble pays off, lol.
After starting to do some DD on the company I'm debating whether to just take profits and close the options or go long. At first glance this drug is looking to have some nice potential, I see no reason why it can't get to $10+ by year end. Only thing that worries me short term is an offering, but it may not have such a negative effect. Decisions, decisions....
Nice job, I missed the chance and never seen anything like this before but my guts telling me someone knows something so I added 10 nov $4 calls @.60
Lets see how this plays out over the weekend.
Damn I was away for an hour and missed it, what the heck happened?
Don't get me wrong, I haven't given up completely on a dividend but since I'm here long term, I'm confident we will continue to have a steady and sustainable rise in value even if we don't get one.
Either way I won't be selling anytime soon. CCME is a very young company with tremendous potential, I'd been accumulating since January and slept well when we were in the 7s, definately won't be selling on the cheap now that the ball is in our court.
I like the risk/reward on this trade, I'm in with 10 on the Nov $4.50 calls @.50
Gut feeling says FDA denial but the greed factor has kicked in, lol.
I can't believe how quick everything changed while I was away. The price has held up amazingly well since the huge increase from the 8s and thats without any significant news. Damn shame I wasn't around to buy more in the 10s-13s.
I can't believe the short report is still at 4 million. I'm not really expecting a dividend anouncement anymore since the pps has recovered well from the lows but if we were to get one, we would explode.
We finally get some of the reward for being patient, just need to wait for the rest.
Wow, I take a couple of weeks off all of a sudden everything has turned in our favor. Really nice to see the change in atmosphere on the board.
lol, time to take another couple of weeks.
btw, looking forward to hearing about a big short squeeze while I'm gone.
Nice call on REE a while back, its still on fire. You're really pounding the table with these REE stocks, started catching my interest.
I picked up some really small positions in MLLOF and GWMGF last couple of days while I try to learn more about the sector.
Is there an IHUB board similar to the CGS board for REEs?
I agree with everything you said.
Investors and shorts alike have turned over every stone possible regarding CCME, yet no red flags have been found.
I can't find another company which offers such a great potential return anywhere else and thats one of the reasons why people are having a hard time accepting that CCME is legit. It seems to good to be true but sometimes, and as is the case with CCME, the opportunity is there for the taking.
What do people look for when investing long term?
-small/mid cap company
-great fundamentals
-reliable management
-large moat
-high growth
-good margins
-dividends
-reliable auditor
What does CCME have?
-small cap company
-great fundamentals
-reliable management that actually listens
-large moat enforced(blessed) by government
-high growth
-excellent margins
-dividend tba
-top 4 auditor
Does anyone think the Chinese government would give them an exclusive contract if they weren't real?
Would not D&T have found it easy to spot fraud when checking the cash?
Would Starr hand over $30 million to just any company?
CCME has ridiculous upside for those of us that have got the bigger picture in mind.
Hey JJ you feeling alright, I heard you brought the house down last night. You're always good for a laugh man.
That was the point Magma made, it does not connect CCME to fraud in any form.
The poster Seasaw's intent is to create doubt and try to spin things. I've read quite of few of his posts and never once has he provided facts. He really just posts the same rhetoric, like a broken record.
Trying to spin a PR from 08 is scrapping the bottom of the barrel for shorts. It shows that they have tried and searched far and wide but have come up with nothing concrete.
Welcome to the board. Not sure where the link is but why the interest? If you don't mind my asking.
lol, wow just wow. Hope you get better as well Fernando.
Mental note: Do not become the next victim of a blind date setup from Burp
I know where the target came from and who this guy is. Look at some of his other calls. Fundamentals trump all in the long run.
This stock isn't going to the $3s, I'll be surprised if it goes below $7 at which point I'll be buying more even though I'm full.
Interesting ideas he had. I wonder if these are some of the ideas Jacky was referring to in the investor relations presentation when speaking on ways to help build shareholder value long term.
Interviewer: If China MediaExpress can keep its momentum, do you have any new plans for the development?
Mr. Cheng: Our new plan is to establish a “BusinessTrip Website” of China MediaExpress and we are trying hard to put it into operation within the year. On this website, people will be able to buy tickets, contact logistics, and book hotels and so on. We are planning to integrate China MediaExpress closely with the “BusinessTrip Website”. It will be like this. We already have an annual passenger audience of more than 1 billion. If 50% of the passengers became our cyber citizens, we would have a monthly click rate of 5 million on the website basically.
Besides, we are also planning to install our patent equipment in big hotels throughout the country, through which an all-around service such as traveling with coaches will become possible. In other words, we are going to provide an integral solution of a tourist coach trip targeted at hotel guests. The only price that these guests will have to pay is that they must watch our ads.