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More news: L&T increases stake in Satyam from 4% to 12%
Source: http://www.moneycontrol.com/india/news/business/lt-increases-stakesatyam4-to-12/381755
FNM will be trading... Hopefully
Weeeee! And tomorrow will only be better! Triple Weeeee! IMHO
New low today, not a good sign... :( toodles
Might not be a bad buy. I'm in at 026 and happy with it. Kuddos to you for not jumpin in over 03 then sellin below 025. I bet there was a lot of that today. I wouldn't be surprised to see it at 037 tomorrow,... course, I wouldn't be surprised to see it below .02 either... lol GLTY
Tough crowd round these parts. Dug this out of the PR's dated june 11, 2008 ...though I'm not expecting anything... Looks like momo play here. Probably went up yesterday cause of that triangle squeeze thingy. I think I also read something about plans to get into other types of balls, ie: ceramic. I like the volatility here... always money to be made or lost on the volatility.
Dated June 11, 2008 on pinksheets
China Jiangsu Golden Horse Steel Ball Reports Record Q1 Revenues of $6.3 Million USD
XUYI, JIANGSU, CHINA, Jun 12, 2008 (MARKET WIRE via COMTEX) -- China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, has announced unaudited consolidated operating results for the three month period ended March 31, 2008 ("Q1 2008").
Highlights for Q1 2008:
-- the Company recorded revenues of $6.30 million in Q1 2008 or
approximately 48.79% of the revenues recorded in the year ended
December 31, 2007 ("FY 2007").
-- the Company recorded a gross profit of $1.15 million in Q1 2008 and
the Gross Profit Margin increased by 39.72% from 13.04% during
FY 2007 to 18.22% in Q1 2008.
-- the Company recorded an operating profit of $0.894 million in Q1 2008
and the Operating Profit Margin increased by 121.53% from 6.41% during
FY 2007 to 14.20% in Q1 2008.
-- the Company recorded net income after taxes of $0.609 million in
Q1 2008 and the Return on Assets increased by 13.10 % from 8.55% during
FY 2007 to 9.67% in Q1 2008.
-- during FY 2007, the Company recorded revenues of $12.91 million, gross
margin of $1.68 million, operating income of $0.827 million and net
income after taxes of $1.1 million.
The increase in revenue is attributable to growing global demand for steel bearings as the Company had positive growth in sales from its existing customer base and was able to obtain new contracts. The Company increased prices of the steel bearings to offset the higher direct material costs of steel as the price for raw material steel products continues to increase as a result of higher global demand. In addition, the Company has started to realize the dramatic increase in gross profit margin as the result of the capital investments made in 2007 to improve its offering of bearing products and modernization of equipment and machinery, including the opening on the new plant in Xuyi.
The Company will be uploading the financial statements onto the website, and we encourage the public to visit our website at www.goldenhorsesteel.com.
About Us:
Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
Forward-looking Statements:
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Investor Relations Contact
Tel: 1-866-365-4724
Website: http://www.goldenhorsesteel.com
Can't believe Ameritrade still has this on their restricted list. But on the flip side, their phones seem pretty well staffed... BooYaaa!
I can't follow the dots fast enough... Last I knew, they were going into the mortgage biz, before that it was the beverage industry, and before that they were gonna merge with GLCC, (but somehow, someone determined the share structure wasn't fit for that) And before that it was a a check clearing thingy. All within the last 7 months no less. Someplace i thought there was a hostile takeover too. Oh it makes my head spin soo much. I guess that is the intent. Now it looks like GLCC is gonna make my head spin even more! Next time I'll just buy some lottery tickets, it's an easier concept.
Hope I don't sound like I'm venting. Really I'm just scratching my head in public and your post provided me the perfect opportunity, sry :)
:( Darn, this could go on for years... Hope I'm wrong.
Amazing, must be the third time this week the 002's got cleared out. There appears to be absolutely no interest in selling below that level?
Hope I didn't just jinx it by sayin it. :)
Was that your buy, wasn't mine. lol
Maybe the market will decide to let her run going into the conference call...? hehehe GLTY
I think the AH price is higher because it's an average of the days trading range, or rather an average of what everyone else paid for it. (i.e. not a true average of the high-low) I wouldn't rely on it for future performance. Still, looks prettier than the actual close.
And anther AH for 28,000 shares at 16:29:49
Still more AH prints, lol... another 130,000 at 16:21:54
Sure would be nice to get an engulfing candlestick Monday.
Thanks, I did some other DD to see what was goin on. It's hard to tell from the Ibox... :(
A bounce off that recent drop is expected, but this big a bounce is unreal... Thats a strong indication that theres more here than meets the eye, so I'm in for a couple to see what happens :) Should be interesting :)
perhaps from other sources .... like here
http://www.lohud.com/apps/pbcs.dll/article?AID=/20080426/NEWS02/804260397
So why all the cloak and dagger? I'm sure if you call HFBV, they can get you all the names, addresses, and phone numbers you all need. Then you can independently verify that all the distributer info is correct. Or did I miss something? Oh well
GLTYA
Make or break time... I don't know much, but one thing I do know; we aren't gonna ride this steady .02 for the next week. lol
lol what a hoot.... Next time, at least make an effort to past the correct CUSIP number on the document.
CUSIP for GLCC = 38210N105 which is not what your image shows :)
Well, I hope they're ready now! Thats about 120 million shares traded the last 4 days. lol :)
Hey, I liked it. Might be some truth in it. Really, if the MM's picked up the phone and called each other, they might be violating securities laws, constitute some type of conspiracy to manipulate the market prices. :) IMO
Of course, I would never buy or hold based on those signals LOL.
This is a result of yesterdays hidden volume... IMO. It screwed some of the charts and makes investors hesitant cause it appears there is a lack of transparency. We will fly tomorrow. IMO. :)
Sorry, don't see how that relates to my post. :(
Question, can they say this legally when no one has recieved anything? It's from the new website.
http://www.monacorporation.com/history.html
"Monarc Corporation was formulated in 2000. The company.... sold these aforementioned operating assets to a China based company. The proceeds of that sale were distributed to our shareholders."
Wouldn't it at least be considered misleading or misrepresentation under SEC rules.
Someone should call the SEC or whoever handles these matters... something's not right with how the MM's are handling this stock. The whole thing wreaks of manipulation and preferential treatment!
Way to go new CEO Robert Rosario. Not even official til May 1st and already flying all around the country makin deals. Does it get any sweeter than this. Talkin about takin charge! Cheers
OT Thanks guys.... Forgive me. I'm a little defensive today, just got my AARP card in the mail. lol
GLTA :)
Oh, yep... right... I got it. sry :( I was just hoping to see more steady originations on a month by month basis is all. I'm not questioning the validity of the numbers, nor the press releases, nor the fact that they seem to be a nice steadily growing business. They probably just had a couple big deals in Jan and Feb :) Be nice to see if we get some numbers for April, I think that would really boost the PPS by leaps and bounds. I know I'll be keeping a watchful eye ;) GLTY
I saw those numbers too and come up with similar calculations. Thats why I'm back taking another look. Looks promising on the outset.... however, and not sound like a basher, why were Marches numbers only 1.5 mil originations?
<edit> soo much to read, soo little time... ugh
Neat! I had no idea that site existed. Is it reliable? Thx :)
Don't pay too much attention to the charts and don't be to cautious because of the 300+ % move so far. This stock is hot without any doubts. If we move up more than 40 percent tomorrow, this things going to explode out of control. Of course IMO.
Stocks don't move by charts alone! If they did, we'd all be rich.
Nice ibox banner... ROTFLMAO... to whom do I offer kudos.
I've sent Mona several emails over the last couple months regarding the divi. All very polite and professional. All I've really asked of them was if I could verify that my name was on their list of shareholders due to recieve the divi...
I've never recieved any response from them regarding anything. Oh well. Life goes on....
Sweet, always makes me nervous when they fill em too quick... makes me wonder if there are more sellers than i realize. :)
I'm super excited about this new CEO news yesterday, I think he brings a lot to the table and will get things rollin quickly
Sorry, didn't mean to sound insulting...:(
Looks like pure momentum play... Handle with care if it drops below .004
Say, I'll take anything as long as they don't say Monarc. LOL
You are a great mod and thank you for being here for us! Always appreciate all your efforts. :)
Things are takin shape here again. Lookin like we might get ourselves another run at it. I had to sell into the last run, but reluctently so, it just moved too hard, too fast. A couple more numbers fall into place and I might have another go at it :) GLTYA