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+1 Anyone who resorts to the BS he does isn't even worth talking about. Let me point out what he posted back on Sept 8th.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=101061&tid=18683&mid=18683&tof=8&rt=1&frt=2&off=1
Of course it would be a trading board that the info comes from, no better stock to trade then CCME right now. Can't take this BS anymore.
Is there a link to the Blue_Horseshoe post?
Just sold some Feb $16 and March $16 puts. Gotta make up some lost change cause I haven't sold a share:)
lol, nearly had a heart attack. My software was glitchy and showed a 2mil block traded all the way up to $128 for like 30s, lol my hands are still shaking.
Thats not necessarily the case anymore though. In the past they used to release the news soon after they would complete the deal and the contracts would commence either the following month or a couple months later.
But the last news release shows they've changed tact, because the contracts were already underway from January 1st and it was made public January 13th. I bet they signed those contracts sometime in December or November of and then waited for an appropriate time to make the news public.
Its the same case now with the tour buses. I believe they are already up and running or will be by February 1st, and that the company made the deals sometime in 2010 and are waiting for an appropriate time to release the news. Maybe they were/are waiting for some institutions who were using the shorts sells to build a position, maybe a present for the Chinese new year, but most likely IMO they've learned what nicely timed PRs can do for a company and its image as well as building shareholder value.
If they wanted, I bet they could have a new PR every week until earnings, but why use an Ace when things are falling into place on their own.
Cristo - that is the first time I've read that and I don't believe it was there a couple weeks ago, looks like a new update. And by the sound of it, looks like the routes are up and running. I guess we know what our next PR will be about, lol.
Remember the last pr we received about the three new contracts came almost two weeks after they commenced. Jacky and co have really learned the importance of good publicity and no doubt have been saving this release for a special occasion. Nice find.
I would think Tuesday because on Monday we'll find out if we need a pr to help lift us higher and force the shorts to cover, or if we can do alone without needing to use an ace.
It mostly depends on the market sentiment and you can bet the bears will be talking up a storm this weekend trying to turn the table in their favor, but to be honest I'm not quite convinced the correction they've been calling on for months has started. We get one big red day and all of a sudden its the end of the world, LOL. We'll find out next week if the lemmings fall for the bait.
Personally I wouldn't expect any news on Monday but I think Tuesday we might get a little surprise.
If anything I would suspect that Jacky and co could provide some release being in the festive mood that they are for the Chinese new year.
You never know, IBD might just make an exception with all the headlines CCME is making. But if not this week, then certainly the closer we get to earnings.
lol, no worries from my part. I've been long since Jan 2010 and made CCME a FULL position in October. I just find it somewhat irritating that people have no respect for a stock that imo is best in class and don't consider the fundamentals when selling.
Its all good though, the guys that panic sell will end up buying much higher.
Same as always, people with no nerves selling out at the first sign of weakness. That's why I hate high volume days, it just brings in a lot of weak hands jumping on the bandwagon.
Lets shake them out and get back to business.
New highs yet again, dare I say we hit $23:)
This is insane and they haven't even started covering yet.
It really does help us to put in perspective the reason we aren't at $30-$40 already.
lol, you must be pumped on caffeine and red bulls right about now:)
All kidding aside though, really appreciate the TA you and tothe have been doing for CCME.
Bet the shorts weren't expecting that one, LOL.
A lot of the time the problem is people just can't let go of past mistakes. You make a mistake and the last thing you want to do is dwell on it and always have that regret. It will only make you bitter and ensure you continue to make avoidable mistakes. The best thing someone can do is to learn and start again with a positive outlook, but unfortunately there are a lot of people in this world without proper morals always trying to take advantage or wanting people to make the same bad choices they did.
The only advice we can trust is our gut and take everything we hear and read with a pound of salt.
We all know the saying 'buy when there's blood in the streets' too bad I don't have the spare coin to play this one.
I think we're guaranteed IBD 50 this time, as long as the price stays strong throughout the day. If we make it I can also see no reason why we wouldn't be in the top 10 as well.
It was a legitimate question, no need to explain yourself. Glad to hear your father's getting better as well.
Anyone need an extra pitchfork, I have two:)
Let them go short again when we are in the 30s, I hear the 3rd wave of a short squeeze is the most forceful:)
TSTC, got more calls this time the Feb 7.50s to go along with my August calls and shares. This is going to be fun, I say we hit $15 by earnings.
Actually back in the day it use to be CCME would only go up if the SSE and S&P both went up, if one was down then we'd be red.
Over the last few months its turned out to be opposite, on down days CCME would be green. That's what I've observed anyways.
It is updated on Friday evening. The time's are totally random but around 9pm EST at the latest it should come out.
TSTC calls also dipped my feet with some Aug 10s. Still debating about getting more.
Lets see how this plays out.
lol, I don't even think Cristo's opinion will satisfy you. As far as I'm concerned (most will agree) the fraud argument went out the window months ago, its not even worth responding to.
Just wait for the 10Q, since you said you've been invested in CME for 13 months I don't see why you would still have doubts or even be worried this far in the game. No doubt you've made or are still sitting on some nice gains, a double perhaps?
Either way, the best thing you can do if your still questioning the DD you've done on the company or don't agree with the way management has released information, or still don't trust DT, or Starr which has invested far more than any of us, is to sell. That's just my opinion of course:)
Cash is the easiest thing to verify. Think of the repercussions Deliotte would face if they were to make a mistake. No way they would take that chance, if anything they would give more scrutiny to a China small cap, reverse merger.
Wow that article gets 5 stars from me for its BS content.
Funny that it mentions Towona, I'll bet if you call them up now they will know all about CCME.
Thanks for the chart, I've been finding some of those links on your board to be very useful in speeding up my knowledge of understanding chart patterns.
I can't speak for the traders but I can say I think its only a few more days until we are added to the RegSHO list because those 100 share sells hitting the bids are naked shares imo. They came on especially strong once we pulled below $17, probably trying to scare the traders to sell. (Seems to have slowed down now)
I think today is just the start of our new uptrend and I think this might be the week we make the the IBD 100, if only I had $1 for everytime I said that, lol.
$3.50 EPS for 2011 was always a given I believe, I'm aiming slighty higher more along the lines of $4 EPS, aggressive I know, but with a warchest of $200 mil good things happen.
I'm licking my lips thinking about how many more airport contracts will be available this year, and if they manage to get in on any of the new subways, well I think I'll have aimed to low:)
My favorite part of the article is in bold. Looks like CCME has started getting some recognition for the positive steps taken to build shareholder value.
China MediaExpress Holdings Inc. (Nasdaq: CCME), a leading media operator in the country, announced that its wholly-owned subsidiary launched an online shopping platform on December 29, 2010 to capitalize on the government-backed integration of telecom network, Internet, and broadcast network.
Fair market value was $30 back on Nov 8th, before all the new news. Thinking more along the lines of peer evaluation with a P/E of 15, I'd say $60 is fair and more than possible sometime this year:)
Just keeps getting worse for the shorts, looks like we've busted to the upside and crossed 50 MA on great volume, open invitation for all the traders to jump in help with the short squeeze.
The more someone gives the more people want:)
I think we should give Jacky a break, no point in bombarding him for new info until 4th qtr results. They've done more than anyone could ask and I think we should let them do what they continue to do best.
Keep in mind that they like to be very conservative so I highly doubt he will even hint at revenue expectations until after Q1 with regards to SWITOW.
Between now and the report of Q4 I'm not expecting any news from the company and am quite content if the price keeps basing in this range until then. With that said we may get a surprise anouncement of new airport contracts since I remember him hinting we might hear more news on that before the end of 2010.
Burp, I'm still in the process of learning TA but I'm just wondering if there is a set amount of time for an uptrend before you get a SAR alert because the chart I use from my broker software had the $14.18 on Dec 15th (today it comes up as $15.20)
Even for NEP Dec 22nd was the start at $5.26 and today its at $5.31, comparing to other charts where the $5.26 comes up a week later.
I know its not a very reliable indicator to go by on its own but I just find it interesting that my chart seems to point out the start of the trends slightly earlier, any insight as to why?
OT: The volume in CHRM is sick, wish we had that kind of volume:)
They need volume to play their game, no volume means they will just be playing with themselves.
I personally enjoy the low volume days, couldn't believe how many times we traded the entire float since earnings.
I didn't expect anything different either, but it does show the type of short we're dealing with cause any retail shorts would have covered by now. The short we're dealing with is desperate and has nothing left to lose, he's gonna go down with the ship. Thats just the kind of short we need to give us an epic squeeze.
11/23/2010 CCME adds 2,067 Inter-City Buses to Its Network
12/09/2010 Starr Excercises 1.5 Million Warrants
12/10/2010 CEO Jacky Lam Buys 100k shares
12/16/2010 CCME Announces Dividend Policy
12/28/2010 CCME Launches New Shopping Platform- SWITOW
November 23rd we closed at $16.62 and that was the start of all the good news we've received since then. If we were undervalued at that point just based on the earnings, how much more so are we now. This is hands down one of the best investments someone can make for the mid-long term imo.