Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is the most bi-polar stocks I have ever come across. From down 13% to now a hod 6% up!
CCME - tanking again on another Muddy Waters hit piece:
March 2, 2011
CCME: Irrefutable Evidence of Fraud
Muddy Waters, LLC has amassed irrefutable evidence that China MediaExpress Holdings, Inc. (“CCME”) is a substantial fraud, and that management is engaging in a cover-up replete with further dissemination of fraudulent information. In light of the nature of the evidence, we believe that a de-listing from NASDAQ is not improbable; further, we believe that management stands to lose additional credibility. We therefore reduce our estimated value by one-third to $3.54.
We present a recorded telephone conversation that contains an admission that CCME is engaging in securities fraud. The conversation took place on February 23rd between the CCME salesperson who provided us with the advertiser kit we cited in our February 3, 2011 report (the “Report”) and one of our analysts. The CCME salesperson initiated the conversation without notice in response to investigative actions taken by CCME’s auditor, Deloitte Touche Tohmatsu (“Deloitte”). During the conversation, the salesperson stated that:
* CCME has been doubling the number of buses on which it has installed equipment for purposes of its SEC filings; and
* CCME replaced recently replaced the salesperson’s hard drive due to the increased scrutiny.
The recording with subtitles is available at:
I was thinking elephants and alps!!
OOPS!!!
Although if we are getting technical Carthage is in modern day Tunisia.....
"More on Switzerland's move to freeze any assets belonging to Col Gaddafi and his associates.The Swiss National Bank estimates there may be around $600m dollars worth of Libyan assets in the country at the moment, the BBC's Imogen Foulkes in Geneva reports"
"All his money parked in foreign banks he won't get to see any longer"
It didn't take long!!
Switzerland has ordered an immediate freeze on any assets that may belong to Col Gaddafi and his entourage, the AFP news agency reports, quoting the Swiss foreign ministry
Yet more amazing times we are living through. The concensus seems to be that Gadaffi won't last more than a couple more days, only question is how much carnage he causes before the inevitable. Being from Northern Ireland which suffered so much from Gadaffi's funding and arming of the IRA in the 80s I certainly won't be shedding any tears for him.
Morning Yak, did you get the BBC link you asked for the other night?
Bahrain is a strange one for protesting next, it's probably one of the more liberal and democratic (relatively speaking) countries of the region.
CCME over $15!!
Yes, just sold half at 14.90, might swing rest, this might last a day or two
I'm all out now, not sure I want to chance my luck looking for a 5th!
Also been following your posts on RIMM last few days, 4 green scalps yesterday and today, thanks!
Got in at 13.90
CCME - Against my better judgement I have taken a small long position this morning. If you read the whole Global Hunter report it pretty much debunks all of the Muddy Waters report, I'm guessing it's still heavily shorted, we might get a squeeze
CCME - After taking a hit on the day the Muddy Waters report came out I had promised myself never to touch this stock again, but couldn't resist a little scalp for 0.75 in pm, not prepared to hold for any length of time though, you just never know what's coming next with this one.
This seems to be the cause this morning...
http://notablecalls.blogspot.com/2011/02/china-mediaexpress-holdings-nasdaqccme.html
I don't think I've ever seen such a bi-polar stock before, outside of the pinks!
I think he did mention that
Just typical! First of these China fraud claims that I short and it goes back to break even for the day!
TKLC - in from last week at 8.50 - going to give it a little more time
You should remember that they did not inherit the 11b A/S when they took over this shell, they increased it to that level. You have to imagine they did that for a purpose....
All down to what is being learnt in the room each day, not just the mechanics of the trade but also the mental side of keeping your discipline. All thanks go to you.
No problem, I didn't scale in, I was lucky and came to the trade late and got in at $17.00 (although I did have an order at $16.50 just in case). I sold a portion at $17.50 on the first break out in order to book some profit no matter what and put a stop at break even for the rest. When the price hit $18 I sold another portion and moved the stop to $17.50, when the price hit $18.50 I moved the stop to $18.00, price $19, stop $18.50 and when it broke past $19.25 I moved it tight to $19.15 to lock in, as I said, 3 days worth of target.
Yes, I'm all out now, scaled out with final batch sold at 19.15, 3 days worth of taget met by that one trade
Mubarak just announced he is to step down
Schwab shows volume of 2000 pm, last was 600 at 13.40 at 8.37 am
The 102,488 all went through at the bid - it didn't budge and is still at 0.0055
Everyone has to start somewhere....
Thanks Yak, it was emotionally draining for me, god only knows how that poor wee girl was coping. My wife and two step-children found it particularly difficult as her eldest child died eight years ago from leukaemia just a couple of weeks short of her 11th birthday, and these occassions inevitably bring back lots of memories for them all.
Going to go out now for a bite to eat and spend a little quality time together, see you tomorrow.
Morning Yak and everbody, sorry I missed you all in the room this morning. I was at the funeral of the little two year old granddaughter of a friend of mine who died in a car accident last weekend. The child's mother is only 19 herself, still a child really, and was badly hurt herself and was in a wheelchair after being released from hospital for the day to attend the funeral.
It was quite simply the saddest and most emotional funeral I have ever been to, and puts everything else into context. I won't be trading today, mind just not in the right place.
The train seems to have gone into reverse - bid at 0.0111!
In respect of promoters this post gives details
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58790204
Also Quality Stocks was given 5,000,000 shares, the details are on the Quality Stocks website
I bought some today at 16.40 for a swing thinking there might be a little recovery for a couple of days after they semed to address some of the issues from the first report on their web site. THANK GOD FOR STOP LOSSES! Out at 16.00.
Sorry, just checked the Quality Stocks website they received 5 million shares, not 15