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YONG still churning $7.25 stochastics at bottom of chart deeply oversold waiting for reversal on Vol will add....
TSTC last 2 days held up well like the character change watch for high vol move up & will add hard then....
TRIT already picked up some sizable deals for 2011 & this news means will add plenty more hmmm...
O.T. AGRO don't know if any in it got a bunch $11.30's So America food play got priced cheap perhaps due to Mkt conditions may want to add a little if sells off on close or watch next week....
YONG I think most don't realize with the A/R news we figured YONG to have close to 27 mill in rev's for the 4th Qtr vs 19 mill EST ... will be a nice beat $$$$$$$
I hear ya get the bottle of Tito's Vodka out always works for me... Got turned onto it down here in Fl great vodka....
YONG might not be super fast money but will be a money maker .... been in this channel trend for a year now...GLTY & make $$$$$$$$$$
YONG were those your shares I bought LOL ...YONG for last Year has Always been a $$$$ maker at these levels coupled with Stochastics close to zero = right now
http://finance.yahoo.com/q/ta?s=YONG&t=1y&l=on&z=l&q=l&p=&a=fs&c=
YONG picked a few more $7.25
CHBT pile driving shorts up .75 cents $15.20
TSTC a 10 mill $$$ contract nice
TSTC Telestone Technologies Awarded WFDS Contract For Beijing-Shanghai High-Speed Rail ProjectLast update: 1/28/2011 9:32:28 AM(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)January 28, 2011 09:32 ET (14:32 GMT)
Going to see much more of it this year with China small caps valued at ZERO ...just ridicules valuations
CCME & AERL Harry Boxer on both says higher...
YONG getting cheaper $7.32 on vol will add size $7.10's
YONG loving it here Stochastics near zero deeply oversold & been automatic money every time low $7's to mid $8's added another 5K today GLTY & make $$$$$$$$$$$
YONG now almost 17 Mill Shares of Institutional ownership the couple that reported added shares ... imo YONG goes soon s/b double digits over next few months....especially with little A/R's great growth over 50% next 2 years forecast and a Top 4 Auditor KPMG... Been accumulating shares here
TSTC Yes Thanks Rames $$$ now if anyone starts believing #'s which imo they should whats 30 mill in Net Income & 108 mill Mkt Cap really worth ???? I would think at least 6X's earnings even for distressed China plays or closer to $18 a share & That's Trailing earnings what about forward ???
TSTC Just nice to see it trading freely without the wall of shorts not letting it up a penny ...TSTC has always been a good mover UP & DOWN on vol but not for last 2 months ... I posted a change in character yesterday & added a bit more.....If allowed to trade freely will easily be back between $10 & $11 quickly imo....
TSTC Nole posted it they are trying to hire an English CFO assistant with fluent English ...
TSTC huge language barrier noted by short caller easily baffling Wu with wrong numbers stating 4th Qtr rev's only 51 mill instead of 61 mill then next sentence changed it to 55 mill etc... They & many China co.s could use true bilingual management staff to do CC for U.S. investors....
TSTC I love the fact ROTH spoke to China Mobile & China Unicom about Telestone & inspection process also ROTH inspected 100's of TSTC contracts etc... so doing DD & getting it out there should help...
TSTC not sure if posted ROTH Notes...
2011-01-25 Roth Capital Reiteration Buy $18.00
A typical wireless coverage system integration project consists of two major milestones, hardware installation and signal connection. Carriers inspect and sign contracts with system integrators upon the completion of hardware installations, at which time system integrators recognize the contract value as revenue. Carriers typically engage multiple system integrators to cover multiple projects in a geographic region, and inspect each milestone in totality. For example, China Unicom in Shijiazhuang conducts its annual inspection at the end of the year, only when all system integrators in the city achieved the same milestone. As revenue recognition is contingent upon not only the carriers' inspection schedules, but also the progress of other projects in the region, it's reasonable for TSTC to have long DSOs and volatile revenue at year end.
We are satisfied with the explanations provided by TSTC and the telecom carriers regarding the company's long DSOs, which are caused by the time lag between hardware and signal connection inspections and carriers' internal payment flow.
Time lag between hardware and signal connection inspections – As the timing of signal testing depends on the schedules of telecom carriers and installers, rather than the work pace of TSTC, it's not uncommon to have a six-to-twelve month gap between the completion of hardware installation and the actual signal testing. China Telecom Tianjing is a case in point that signal testing has not yet been done for hardware installed in late 2009.
Carrier payment schedule - While schedules vary by carrier and city, telecom carriers typically pay 20-30%, 70-60%, and 10% (or 70%, 20% and 10%) for a contract after the satisfactory inspections of hardware installation, connectivity testing, and fulfillment of a one year warranty. For each contract, a carrier recognizes accounts payable proportionately after hardware and connectivity inspections; which explains why there is no A/P over 360 days for the carriers while TSTC has DSOs over 360 days. It takes approx 1-2 months after the completion of each phase for the carriers to channel payments from their provincial branches to the city level branches, which another 2-3 months for the service providers to receive payments from the city level branches.
Expect DSOs improvement – Telecom carriers recognize the inefficiency of the inspections that create large backlog for system integrators. The two carriers that we talked to both mentioned plans to systematically shorten the inspection period between hardware installation and signal connections. The three branches of TSTC expect significant payment improvement in 2011, especially from China Mobile and China Telecom.
2011-01-18 Roth Capital Reiteration Buy $18.00
We reiterate our BUY rating and $18.00 PT, based on a 7.6x multiple applied to our FY11 estimate of $ 2.36, a discount to the peer group in China and Hong Kong. We urge investors to take advantage of the mis-information in the market place as a buying opportunity.
2010-12-06 Roth Capital Reiteration Buy $18.00
We maintain our BUY rating but increase our PT from $15.00 to $18.00, based on a 7.6x multiple applied to our FY11 estimate of $ 2.36, a discount to the peer group in China and Hong Kong.
KEYP just switched to big 4 Auditor as well
YONG also 5.5 Mill Shares short these guys just add & add without the share price ever going down LMAO wow how do they get out ????
SHORTS have to be out of their minds adding millions of shares while the share price goes higher and Co. trading at 5 or 6X's earnings & many times far less then that ..
CCME ripping on Vol nice $$$$$$$$$
LDK shelf filed ...
TSTC HOD $8.46 quietly moving higher & imo will continue just like all the others did ... Well at least we all know the recipe to making great bucks wait for the hit pieces buy the pain & hold a few weeks LMAO...
YONG got 10K $7.40 very oversold here s/b back to $8's soon but very wiling to add lots more if they take it lower....
CHBT getting hit on re hash of last Fri's piece incredible ....
TSTC that's exactly what CHBT did from $8 grinded day after day week after week higher & higher ... At 2X's forward Net Income & weak short argument has me thinking the profitable shorts will be a little quiker to leave then some other stories coupled with the fact what happened in many highly shorted China plays CCME CHBT BORN UTA etc... they watched mucho profit evaporate waiting for Zero LMAO....
TSTC $8.33 HOD looking much different in trading style ...
TSTC much better look & feel to trade so far this A.M the closest to trading freely in a long time...lets see if it continues
TSTC almost back to where it was before hit piece just like the others we start healing & going higher from here imo....was very predictable
TSTC do I believe they are a fraud ? NO I do not they have vetted products right here in the U.S.A & FCC approved ... Have they ever done funky practices ??? because of their culture I believe they all have .... The A/R issue is the same for GRRF & Comba and not specific to TSTC .... Their terms suck & I hate them but you get to have a shot at a co. growing 100% at 2X's earnings ... All the others accused some with far worse stories all came back CHBT NEP UTA BORN etc....
TSTC you knew it was coming stated yesterday s/b over now & let the healing begin...
TSTC they are looking to boost International sales to 10% of Rev's this year & in call stated drifting to a pure WFDS installation co. in China dealing directly with building & business owners which will get them paid much much faster.
Certainly seems they have not taken their A/R's seriously in the past & if this isn't the wake up call They never will get it... TSTC already had Deloitte in their business in 2010 so I'm sure they know what they are up against & if they upgrade will be prepared to comply which in the end will be a huge positive....
TSTC listened to call again Deloitte mentioned as being discussed as new auditor in Q&A approx 32 min mark on replay