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Glad to have you and your ideas here dc, good luck.
malc
I've been out of LWLL at .012 for no gain for awhile, and today I axed GHII to buy more GU.
GHII took a loss.
malc
I disagree. There wont be any shares below two bucks, you are lucky to have the opportunity to load these shares under three.
The general market with eventually realize that IRE is going to be the only bank to come out of this mess ahead, and hopefully better managed than ever.
All my shares are in my SEP IRA so I'm not too concerned about short term fluxuations.
malc
I have nothing to do with AIB, my money is in "that other big Irish bank"
But GL to all who are going long AIB, personally, I dont see any sense in that, short or long term.
malc
GU. First PR issued by Gushan regarding the impact of new biodiesel policy in China.
Not much, but it may clarify the reason for jump yesterday for some.
malc
http://ih.advfn.com/p.php?pid=nmona&article=45797985&symbol=GU
Been buying up IRE like mad. No need for me to wait for 2.20
They will raise enough money from private sources to stay private. Shares are selling down lately in a case of throwing out the baby with the bathwater.
malc
GU. Great day. More of that to come, I promise. I've been watching lil ole CHRI closely lately and I'm starting to think this will be a big winner by the end of 2011 as well. I've yet to get in, didn't get my stink bid of .0125 filled the last week but some lucky SOB did.
malc
Thank you PRC! Anyone else smelling the french fries following this bus?
Seriously, this is the beginning of the return to profitability and if GU comes anywhere close to 2008 highs again then there is some serious money to be made getting in down here.
malc
Nobody does. Not even himself. Non sequitor and persona non grata. That outta keep him busy with a dictionary for awhile.
Go TDGI
malc
It may yet fall back EOD and fill you, who knows? I'd prefer a HOD close but dont expect it.
If I were looking to get in here I'd be geniunely afraid of what a real nice PR from Gushan might do. I'm sure there are alot of ppl just playing the momentum here and don't actually know or realize what the catalyst for the movement is today.
One thing I've learned in my rather brief but successful investing career is that most people do not DD what they buy and sell nearly as well as they should. I watched the whole action from the bell on ( took today off ) and early volume was very light until ppls alerts probably started going off and then the MOMO crowd took over.
malc
GU. The company didnt even PR the news and it took off anyway. I think the company will PR the news in conjunction with how this affects their plans moving forward and perhaps an update on the production and possibly the projected revenues from their copper recycling division they have diversified into - bought the recycling plant and smelter cash money.
Also, the reversal of the tax policy is retroactive from 2009, so thats about another 17M cash going back into the coiffers as well.
GU has alot of room left to run. How high is the question. For starters, I dont think ten bucks, or roughly BV is unreasonable short term.
I added two minutes after the bell and damn happy about it.
malc
I'm also going to try and convince my retiree advisee to join us, he bought 250K last week at .04
Very much looking forward to the SH meeting.
malc
GU. Oh boy, just read some brief China news that may send this one rocketing back north Monday. I'm thinking GU will PR this news being as this has been the one major stumbling block to profitability in the last year and a half, that and lower oil prices which have been creeping back up.
Going to add to my position first thing Monday morning, I'm expecting a short term bull run on the news once it breaks, similiar to the effect that the announcement of GU buying back 5M in shares had not too long ago, but this time with some staying power. Lookout shorts, better cover quick.
malc
http://www.chinadaily.com.cn/business/2010-12/25/content_11754864.htm
Thanks pappy. Hope you enjoyed your crablegs Christmas dinner, yum.
CKGT. I was in on what I considered to be the ground floor back in fall 08 and it was very good to me. Im now 99% sure that it is time to get back in here, and I will be looking for an attractive entry next week. Could be the last time to get anything below one buck, and I now think that my hope of getting some rock bottom .75-.80 has vaporized. We will add it to the index when Harley gets back from his son's snowy wedding in beautiful NC today. I'm the technically challenged one of us but hopefully he will teach me a few things when we get together in about 3 weeks.
One thing I always bear in mind when considering the stumbles of CKGT last year is that Mgmt is relatively young, like myself, when it comes to the multiple complexities of the business world. Hopefully they have learned alot of "what not to do" lessons this year, and are ready to once again surge forward with conviction.
Regarding EPS projections, well, thats the X factor here because CKGT has so many X factors in their repertoire. I have a very conservative EPS 2011 projection of .50, pappy is hoping for .75
Even if I am closer to correct, slap a mere 5x on .50 and a PPS of 2.50 or better is totally realistic assuming that the market sentiment towards China in general corrects in the first half, hopefully quarter, of 2011. My personal opinion is that we are on the verge of another bull run for China but that is admittedly wishful, but not unfounded on principle, thinking.
CKGT has been full of surprises, and hopefully the next surprises we see will be to the positive. Jumping back in myself.
malc
Please do take over this board, this stock will come roaring back to life, hopefully after excellent numbers ( for Xinyinhai ) are reported next Q.
How long have we been in this stock now Harley, since fall of 09 correct?
malc
99% of penny stocks are not junk. A bad apple here and there, agreed. Thats why we do countless hours of DD on everything we own, no need for you to save us, thanks. A penny stock is defined as a security which trades under five bucks. 75% of legitimate small cap companies in the world probably meet that description.
If you have not noticed, nobody but you gives a damn about your opinion of penny stocks.
And Harley is correct, your posts are drivvel, and your posing as a big board player is a joke. None of your posts are about big board stocks. And you lied in your last reply to me, YOU choose the stocks to put in the 'MY STOCKS' area of the personal info, not Ihub. You are you trying to kid with that one, like we dont all know how this site works. Why in the hell someone who hates penny stocks would put two worthless POS stocks as their "picks" confounds me.
And I pay for the priveldge of posting here, I see you are a free member which often equates to a paid basher.
Next time you post any of your nonsense on this board about your philosophies, which have NADA to do with Sancon, your post WILL BE yanked down.
malc
P.S. We are up .03 today on solid volume. Enough said.
CKGT. Ok pappy, you got me there. That situation has me confounded more than any of the lot. I have a long history with that one, probably the longest of the bunch along w XNYH.
I picked it up as an upstart with great potential, I thought, at .23 and reluctantly sold in lots over a few weeks around avg 2.43... things were headed south it seemed, clearly, and with staying power..
whew.. that was one of the best moves of the year as it turns out.
I've been following closely ever since and often thought of biting the bullet again and pulling the trigger, but something inside me keeps telling me the bottom isnt quite settled in yet...
Once again here, the numbers are great, dilution minimual and necessary to a degree and going forward there CKGT has a unique je ne sais quoi potential. One has to admit too much kooky stuff going on like firing hawk, hiring a terrible replacement, then going back to hawk, best PR ever out of hawks mouth comes out... bottom line I'm not sure the bottom is settled in here yet but if it gets down into that .75-.80 range I will be forced to yank some funds from somewhere and bite again. I dont want to wish bad upon your holding. I think it will correct and correct well in spring 2011, maybe even January when all this tax selling riff raff is over.
Small cap China still has a black cloud following it all over the sector, I dont think any of us will dispute that. Honestly, I thought this would correct this fall, and it has to some degree, but the shorts and paid bashers on the smaller stocks have been going to town still - Seems like we have a classic bulls v. bears straight up shove match coming up right away in January 2011 -
Appreciate your input pappy.
malc
ENHD. Am I the only knucklehead who likes this stock? Well, the numbers are ultra impressive anyway. I own it. Its in the red for me. I expect it to stay down here for the rest of tax selling season, it has taken some big hits.
Perhaps its because they went public with the help of S3 and mr. james bickel. I suspect that this connection is and has been working against them. SIVC, his own damn company, is a complete dilutive POS. No doubt about that. Guilty by association? That, and they are really quite poor about shareholder communication. If they had any sense whatsoever they would focus purely upon uplisting to a higher exchange, but with the pps floundering around I dont know. Nasdaq has a minimum trading pps of a dollar, but what is the required pps to join the exchange?
They are now trading with a trailing P/E of under 2. If they could find their way to a better respected exchange perhaps they could get some proper valuations like HOGS and OINK. OINK is fairly valued at this point IMO, and HOGS is overvalued. ENHD is the sleeper of the industry, but until they can remove the black cloud that hovers over their head it may stay this cheep for awhile, and it may get even cheeper yet as tax season winds to a frantic end, esp in small cap china space.
Crappy 2010. Bring on 2011 and the 50% correction by spring!
malc
HFGB. I think it's an excellent opportunity to grab some really cheep shares considering the tremendous growth that this company has going for it. If I can free up some funds I'm averaging down my position there before making any other moves!
malc.
Koufax, welcome to our little board! Dont belittle yourself, your inputs are wise and very welcome! I know you, as well as Harley and myself, like CRUI alot, but it trades very thin and I havent gotten any shares yet.. but someone did at .88 today which is a great entry IMO - I didnt want to pay 1.00 at this point and today found me cashless to jump in on the .88 going down, arrgh.
I am also just a part time investor, full time construction company owner, and I'm not a trader, but rather a value investor.
I'm glad to have both you and pappy amongst our followers - You guys are quality minds! Lets get this board rolling for 2011!
malc.
I'd like to see more cheep shares come available so I can load up as well. I agree with you pappy that hopefully we have another week to get them. January may be a different story but who knows?
If someone can remember off the top of their head, how much dilution are we expecting as of the last 10Q. I seem to remember that they planned on issuing some more shares and perhaps that is why since that Q the pps has stumbled a bit.
Didnt bother me, I'm in this for the long term. And I think I remember that the additional funds were necessary for further expansion which in the long run should provide us with better earnings, even with the dilution factored in. All this is off of memory, so dont crucify me if I got some things wrong... not planning on re-reading the Q, I'm comfortable with where this is heading and would like to average my shares down here.
malc.
Mr. Bar. If you are all about the NYSE like you claim to be then how come all of your last 50 posts are about penny and less than penny stocks. What about your 2 stocks? POS. Why doesnt it say AAPL and GE and F in your "my stocks" area. If you are a big board player and so successful, why are you a free member? Where are your boardmarks if you are someone we should listen to and follow?
Your agenda is clear to me.
Now back to Sancon. I'm frustrated as well with the lack of communication from MGMT as well. Who wouldnt be when your holding is being bashed irreverantly for what is to me, a rather petty matter. The Q is off the ticker, and I called Scottrade today to see if they had any bankruptcy info and they do not. The issue seems to have been resolved. Now all we need to see is some explaining by MGMT. Being as they did not respond to Harleyman's very proper email, I also sent them an email this morning, one with a little more bite in it. They need to be aware that they are under attack on the message boards. Some ppl are easily dissuaded. I hope they will reply to me, and I will surely post any response I receive. I'm not holding my breath though...
Gee, this time last year we all got a nice letter, actual mail, from Sancon highlighting progress over the year and future endeavors. Where is that kind of shareholder-friendly communique now? I dont know, but I do know this, I'm not selling any of my shares based on a bunch of wind coming from a bunch of bashers.
malc.
It is no secret that some people are paid by others to try and destroy the perception of a company and their stock. It is the mantra of the shorter as well, take a short position and then try like hell to persuade others to sell at a disadvantage.
In situations like this when trying to understand why someone would waste so much time and effort expounding upon a stock they dont even own, well, you just apply Ockham's razor - When attempting to understand something that is not clear on the surface, the most pragmatic and plausible explanation is probably correct.
malc.
For someone who PROMISED, MARK MY WORDS, not to post until the end of December you sure have made alot of chatter today I see. Chatter, yes chatter, thats the whole substance of your posts. Every answer to your Q's is already out there like Engineer already pointed out.
Since you are obviously not a person of your word, being as your "mark my words" statement was a lie, I'm putting you on ignore. I suggest every single serious member of this board do the same.
malc.
I will, and mark this one...I will not post until the end of Dec....then we will see
Is it January already? I can't wait for the SHAREHOLDERS meeting of my favorite peeny stock, lol.
Go GO TDGI! Long and strong! Bashers Beware!
malc.
Hmm, just checked and I still see a dual listing, but GPLB.OB still hasnt traded as that since Nov. 1 when it was .038, the stock is trading actively as GPLB.PK from what I see.
I don't know what you are looking at that has it different. I've checked three sources besides my Scottrade and they all say the same.
Good luck
malc
Thanks for the clarification.
BWOWW. The common wowjoint has to trade 20 of 30 days above $10 for the warrants to become exercizable.
Long way to go yet there. But you are correct, they dont expire for another year and a half.
worry not. its accumulate and wait just like fall/winter all over again. 2008 that is, and it looks just as good to me now, if not better.
Be careful to stick to your strategy and have nerves.
malc.
OK. We are in total agreement here on the two key issues.
MGMT has handled this issue very poorly and it reflects badly upon their willingness to address shareholder concerns.
Sancon itself is not in danger of bankruptcy, but dragging this matter out is a waste of funds and investor confidence.
malc.
HEAT. Does anyone here still like this one? Trading on the NasdaqGM and a forward P/E of 7, not to mention that everyone is all about the coal plays in China - it obvious that they will have to rely on coal for 70% of their energy needs - It seems oversold to me and way undervalued and I took a substantial position this week. This is the sleeper of the bunch at this moment, but not for much longer after tax season is closed.
malc
Hey, there you are! Can you explain what you mean by P and D?
Also, I'm still ready to debate the merits of the Hounddog v. Empire case if you are.
Sir, I appreciate everyones point of view and here is my response to your list of reasons why Sancon could go BK.
I qualify as a redneck businessman as well and I own my own business. There is no way in hell I would let my business go BK for 2% of what I have in cash.
That said, I think it unsettling that this has not been resolved officially at this point. The Q has been removed from every site but this one, and my Scottrade account removed the Q last week, hence I think the matter has been resolved already and we just don't know about it for some reason.
But if you can answer this Q for me I will give your thesis more thought and perhaps credibility.
Why would brokerages and the SEC put the dreaded Q at the end of the symbol with the filing of the involuntary bankruptcy petition, and then remove it a few days later if nothing about the situation had changed?
malc.
winebar, you are alright around here. nothing wrong with going off about one's personal problems with a stock they own.
I got a bunch and i'll be the first to admit this is in flipperland until they get this matter resolved.
I am also of the opinion that it is bad form for MGMT to let this matter ramble on so long without resolution.
However, to really think that Sancon could be involuntarily bankrupted for 149K is quite ridiculous. If they have not just paid the little amount, which I suspected they did, then they should instead of fighting it out of a matter of principle. This kind of crap gives shorts ammo and damages shareholder confidence.
Hell, the legal costs are going to be more than 149K if they arent already.
MGMT needs to come clean soon about this whole issue and then we move back up to a proper .38 or so for now. If they can send each and every US shareholder a nice personal letter like they did to us, myself included, around this time last year, then they can let us know what in Sam Cain are they doing fooling around and letting this piddly shit IMO, persist.
malc.
And its going to stay thin IMO until the tax selling season is over. More insane bargain prices, like .10, could show up again at any moment so be ready with your powder and load up.
I read the last 10Q but not well enough it seems because I missed that paragraph which detailed the loans that XNYH has out to other companies. Loans out are 3x the entire market cap! Insane!
I agree with you Harley that a stronger Q EPS wise will kick start this in the ass, but even at .12 this is still trading under 2x current P/E - correct? Strong accumulate to me at this point in time.
malc.
Primary, wind and Tarka:
You guys seem like the 3 other like minded serious about IRE investors here out of the who knows how many Ihubbers actually invested and digging into this situation. I've enjoyed reading your inputs and that said, I think we have a very big day ahead of us here tommorrow.
If the lower house does not ratify the EU bailout package we are in for some serious short term turmoil. If they do, and I expect this outcome because they really have no other choice despite the political outcries that come with swallowing the "dirty pill" - then I expect to see some modest gains, perhaps back to the 3 dollar level for now.
The real rub here, as far as I see it, is that the market in general still does not see the fundamental difference between IRE and the rest of the Irish zombie banks. I was vested in AIB nine months ago when it seemed like they, and IRE as well, might be getting their house in order but got out quick when it was becoming obvious that this was not the case. Sat on the sidelines and closely followed the situation until a few weeks ago when I decided to go long IRE. AIB is garbage now IMO.
Things will change when the general retail investor market figures out where their money should be when playing this out. IRE is still part of the general sector when it comes to market confidence. I hope that as the next few weeks pan out people will more and more come to realize that their investments should be in IRE and I also predict that AIB and the others will spin wheels from here. Of course I might be wrong in the short short term, but eventually people will realize the bottom line numbers and that IRE is the most solvent of the bunch, and also likely to remain private if they can raise enough of the 2.2B by the end of February which I think they will.
The almost 100% increase in institutional holdings over the last couple of months lead me to be believe that big money is looking favorably in their direction, and for the other guys, likely not. I don't think I'm alone in making this bet.
malc.
Sorry to be getting back to you so late on that one, but yes, that is just speculation that the deposits will be moved to IRE, but nothing concrete at this point in time.
The pragmatic in me wants to think that IRE would be the receipient being as they are the strongest of the bunch of zombies at the moment.
The matter seems to be of little consequence either way to me at this juncture - more interesting will be to see if the Irish ratify the bailout proposal on Wednesday and of much greater importance, seeing how much of the 2.2B in Tier 1 capital they can raise from outside sources by February. I'm wishfully hopeful that IRE can avoid having to allow the govt to take over a 50% stake, totally remains to be seen. Its hard for me to believe how much investor confidence ( or is it just gambling money ) remains in AIB when they are 99% govt owned at this point.
Will be interesting to see what happens here come Wednesday, thats a given...
malc.
Took a starter position in HEAT today, I had been eyeing it all year and decided it was time to pull the trigger.
I am hoping we will see a big time "january effect" in all of our chinese holdings that have been beating down unfairly over the course of 2010.
malc.
Did my DD over here this weekend, liked what I saw, in today on the dip at 5.60
Should be a nice 2011.
malc
Uh, no, or I'd probably be posting and lurking there... lol