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CCME news this morning...more contracts....
http://finance.yahoo.com/news/China-MediaExpress-Holdings-bw-1838533586.html?x=0&.v=1
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It is very hard for a stock to fight the overall market condition/direction, especially a small cap with a lower daily volume. Even earnings/news events have a hard time overcoming overall market sentiment. If CCME hadn't been beaten down from $13/share to $10.50/share in early May from the market meltdown, the pre-earngins move rather than fighting back from $10.50 up to $13.90, would have been able to start at $12.50 - $13.00 and moved up past $14.80 imho. The overall market pulled it down so much, it got it's interest and footing at a much lower initial starting price for the pre-earnings move. Stinks!
The candlestick today formed a hammer (selling initially early in day and then buyer came in and bought it, as the overall market strengthened), The PR out this morning didn't stop the down draft from the overall market selling off early on.
Tomorrow will be telling. It would be so nice to see some follow through and interest here this week (if the market cooperates). I'd love to see a 1 million volume day and some institutions and funds take some interest here. Isn't it time!
The market being set up to disappoint the masses is ridiculous! It would be so nice if things made logical sense and happened the way they were supposed too. But corruption reigns supreme and that's why it's hard to make money in the market and so many people get burned.
I'm playing powerball this week. If I win, I'm retiring and will never look at a stock again!
Intersting info. on increase in CCME's short share position. 615,000 shares short this month, up 300% since last month. 10% of trading float is now short. That is a huge increase in short shares here. Could add to a SQUEEZE with any positive catalyst.
http://www.shortsqueeze.com/?symbol=ccme
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Yep! I saw that! BIDU Up over $80 in AH trading. Wouldn't it be sweet to see CCME do the same. I think I'd crap my pants if that happened. Wouldn't it be NICE though.
BIDU blew estimates away and their Ad business is kicking arse!
Go CCME! A Nasdaq listing and putting to use some of that large cash position to make one or two acquisitions to add to their bottom line will cause fund managers to take notice here and then BOOM!
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Trying to predict the market and trying to predict daily stock movements is an exercise in futility. I've seen way way too many times things happen in this market that make no logical sense whatsoever, which is why I am an avid believer that the only certainty in the market is uncertainty. But this is only becuase the people who run the market move it either way in order to disappoint the masses. I'll wait this one out though.
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CNAM...7.41...Looks good here imho! I like the chart here and think it's bottoming here fwiw! Looks good here!
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The pricing action will continue to be encouraging here imo! We'll break 13 and then 14, consolidate a few trading day and then a true breakout will occur imho. The chart is still intact!
First target...$20.00.
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Whatever the reason for the shakeout and there can be any number of speculations...this one fact is now a certainty....that GAP has now been filled! I'm buying in the morning. A gap up followed by a selloff during the day has happened on this one on numberous occassions. I hope the opposite happens tomorrow. Down a bit in the morning....followed by buying throughout the day. We'll see!
C'mon CCME...shut the naysayers up! The pricing action will shut the bashers up moreso than any posters.
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What makes the market irrational? People! Let the shorts pile in, let the weak hands sell on the 10K news, let that recent gap be filled, and let the market sell off monday on the positive jobs report. Whatever reason you pick....I think I'd rather have stronger hands accumulate on this dip in order to have a more sustained uptrend. The fundamentals are still there and regardless of today's irrational volatility....the stock will make a comeback, as the chart is still intact. We could bounce off the 50 dma too. We'll see monday!
God Bless and Happy Easter Weekend to all.
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I never really heard of that Cburg! With the 10K being released soon and an almost perfect handle forming here, the resulting increased investor interest should be the logical catalyst for a sweet breakout here imho. IBD is next!
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A few words on Gaps in charts.......
There are 4 types of Gaps in charts:
1. Common
2. Breakaway
3. Runaway
4. Exhaustion
CCME exhibited number 2. (Breakaway gap) in my humble opinion....
Here is some information on Breakaway gaps on the chart.....
Breakaway gaps are the exciting type of gap. They occur when the price action is breaking out of their trading range or congestion area (this was the case for CCME). To understand gaps, one has to understand the nature of congestion areas in the market. A congestion area is just a price range in which the market has traded for some period of time, usually a few weeks or so (CCME). The area near the top of the congestion area is usually resistance when approached from below. Likewise, the area near the bottom of the congestion area is support when approached from above. To break out of these areas requires market enthusiasm and, either, many more buyers than sellers for upside breakouts or more sellers than buyers for downside breakouts.
Volume will (should) pick up significantly (CCME), for not only the increased enthusiasm, but many are holding positions on the wrong side of the breakout and need to cover their short position or sell them. It is better if the volume does not happen until the gap occurs. This means that the new change in market direction has a chance of continuing. The point of breakout now becomes the new support (if an upside breakout) or resistance (if a downside breakout). *********Don't fall into the trap of thinking this type of gap, if associated with good volume, will be filled soon. It might take a long time.********** Go with the fact that a new trend in the direction of the stock has taken place, and trade accordingly.
This one to me describes what CCME is doing. To sweeten the pot, this gap is also associated with a very nice classic chart pattern and a bullish one too....the Cup with Handle. William O'Neil of IBD absolutely LOVES that chart pattern for bullishness!
Hope that helps!
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CAGC..26.9..earnings will be out next wednesday Mar. 31st premarket. This one could move up into that announcement. Chart is primed for a move imo.
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The chart's the thing! Looking for a chart pattern for CCME, can't decide whether I see I cup here with an ensuing handle forming or a symmetric triangle/flag with the recent confirmation of breakout to the upside.
Either way, the market not withstanding, the trend here should be delightfully, pleasingly, Mellifluously UPPPP!
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ZOOM...sweet news and sweet premarket action! Nice! Name applies....ZOOM!
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If they announce they are applying for a nasdaq listing, it would be sweeeet! Hope someone brings that up! They need to know!
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Some say up monday. Some say down. Some say flat.
I'll vote for UP, at least a bit...if not more! I really like those recent price targets too fwiw! I hope earnings put CCME on institutional radar and a move to the nasdaq would be sweet too!
Good Luck!
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lost, I really don't know! Crazy day though. Give it time. It will come together, just like CCME! Traders are irrational. The market is nuts. Did you see BIDU today? Crazy stuff!
I think ZOOM is breaking out for technical reasons, but traders (daytraders) are nuts.
I'll wait for the moves to come to me.
Good Luck!
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ZOOM...Nice! Breakout confirmation on symmetric triangle formed recently. ZOOM in the $7 area is a great buy imho! Break up has been confirmed here. Could move up past $20/share in time!
ZOOMMM!!!
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I think your a pretty smart person if you surround yourself with wise and successful people in an area you have an interest in (like trading stocks) and follow their advice/lead. A wise person has wise counselors. I also think teaching others how to do something successfully (like trading) can make you an even better trader. There is something about teaching others how to do something that makes the teacher even better himself and more knowledgable.
There's that saying...Give a man a fish, he'll eat for a day. Teach him to fish, he'll eat for a lifetime. Substitute the word "trade" for "fish". :)
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I am at odds on the whole issue of God Vs. Money...The Almighty Dollar vs. Almighty God. It's a quandary for me personally.
I think there are two ways of thinking concerning Biblical prosperity.
1. If you obey God's commandments, give your tithes and offerings (including helping the poor), God will bless you with prosperity and abundance. Your seed will produce a harvest. This is old testament.
or
2. No one can serve two masters. You cannot serve both God and Money. Do not store up treasure for yourself here on earth where all can be lost, but store up treasure in heaven where it will be safe forever. Sell all you have, give the money to poor and you will have treasure in heaven. If any man wishes to be my follower, you must put aside your selfish ambition, shoulder your cross, and follow me. It is easier for a camel to go through the eye of a needle, than a rich man to enter the kingdom of God.
This is new testament.
One promotes giving to prosper in this life (old) and one promotes giving to prosper in the after life (new).
I think very few people are capable of the 2nd way. I'm not capable of it fwiw. Truth be known my thoughts and heart are geared towards this life and not so much the next. It's hard to overcome the needs, wants, desires, and concerns of this life. I wouldn't be in the stockmarket if I lived by the 2nd way.
imho.
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A quick look at what to expect from CCME.....
http://grin.hq.nasa.gov/IMAGES/SMALL/GPN-2000-001171.jpg
So please stand back and don't look directly into the fire power, you may be blinded by the awesomeness! LOL
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It's almost ready to bust out BIG time! Chart is aching to bust a move! Go baby Go!
CCME...about ready to blast off! 5...4....3....2....1....
http://grin.hq.nasa.gov/IMAGES/SMALL/GPN-2000-001171.jpg
OT: I don't agree with what Tiger did either. I think it's wrong and very hurtful to a spouse. And people on the outside are so quick to judge, criticize, and condemn others in their wrongdoing. It's human nature I think. But since outsiders don't have all the information to judge another's wrongdoing, nor do we know the true heart in a person.....judgement is best left to God. The people who judge others the harshest are so often the ones who do these very things themselves. As for adultry, Jesus raised the bar quite a bit by saying if you even look at another woman with lust in your eyes, you have committed adultry in your heart and since God knows all hearts and minds within...you become subject to judgement yourself by God and can be in danger of hell. That being the case, I want God to forgive me my sins....so I must forgive others their sins. He will hold me to the same standard I hold others too. I don't want to be judged by Him, so I will not judge others. I don't want to be condemned or criticized by Him, so I won't condemn or criticize others. It's hard not to look at the speck in your brothers eye, when you may have a log in your own. First remove the log in your own eye and then PERHAPS you will see clearly enough to see the speck in your brothers.
One scripture verse that scared me stright was this....
If you don't forgive oethers their transgressions and sins, God will NOT forgive you yours! This sets the tone for the saying the Merciful shall obtain Mercy.
I want mercy, so I definitely will give it and leave the judging to the an all knowing, all righteous, all holy God.
imho!
Hope that helps someone. And please don't take offense to this post.
Paytience
CCME could breakout any day now imho! Chart is ready!eom
BIDU up 40 points in AH trading on. Huge jump in profits for the quarter. Bodes very well for the China Ad market and CCME. Nice!
http://finance.yahoo.com/news/Baidu-Announces-Fourth-prnews-1224045041.html?x=0&.v=92
China Ad Biz Alive and Well.
CCME at Rodman & Renshaw Investor's Conference Beijing Mar. 7-9!
http://acumenjournal.com/conferences?id=49&link=presenters
Earnings, Aquisitions, Chart set-up, and Investor exposure.
Nice!
I wont be selling any CCME any time soon. After the warrants expire and the overhang is over all the investors that wanted to own shares of this stock will now be able to buy them without fear that they are over-paying. This will result in significant outperformance in the stock, regardless of the market's performance.
Quote from a great stock picker/trader!
Go Baby Go!!!
I took a position in PLUG today..4.24..Alternative Energy stock! With the democrates now in control of congress, alternative fuels should now be back in favor and initiatives and funding should be introduced for hydrogen, ethanol, and biodiesel energy sources.
The chart on PLUG shows a 6 month triple bottom and this is a very bullish sign for the stock. I see a minimum 50% gain here imho! Time will tell!
PLUG..4.25! Hydrogen Fuel Cell Alternative Energy!
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WAG..11/13/06...1 P.M.! eom
Pay :)
lll...it is strange, isn't it? It pops up in premarket and then sells off during market hours all the way to the close. It's done the same thing before too. Strange! I guess if that is the pattern, you may as well use it to your advantage.
GIGM should trend back up. I'm trying to figure out what the chart is doing here. Maybe forming a coil. I don't know.
PP :O (confused)
You have to consider the fact that this board is slow in bullish times and bearish times here. There just isn't too much interest here for GIGM at IHUB....up or down. That's just the way it is.
My opinion on earning pops. I would rather see the stock drop a bit tomorrow and then pop big on the earnings release thursday! Usually, when a stock moves right up into earnings with no pullback at all, it will sell off on the news (as it has already been factored in to the price). If GIGM pulls back to the low 10's tomorrow, I'm buying it for what it's worth! A red doji on the candle tomorrow would be nice (like a cross).
I think if we close just a bit into the red tomorrow...we pop big thursday imho!
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lll...for the more immediate term...watch STEM and ASTM...the stem cell stocks! This is a BIG issue during the election time and the stocks are in play because the election is coming up. If the democrats get control of congress, the stem cell stocks could trend up very nicely this fall/winter! STEM, ASTM, GERN!
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lll...China companies like NTES, SINA, SOHU, SNDA, and XING are all very proactive in their new releases. All located in China...Beijiing, Shanghai, Hong Kong, and of course.... TaoQuoKeeWanChoySoySauce!
That last town I'm not so sure about...LOL!
If the company is traded on an American exchange, then these foreign jobs need to learn our ways! That's my opinion anyway! The squeeky wheel gets oiled!
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lll...yes! Good Luck to us all! GIGM must have something against PR's. They haven't released one in months. Nothing! Nada! And I think that has hurt the company's stock! What's the purpose of having an investor relations firm, if there is no public relationship with their investors! GIGM needs better communication with investors imho to keep us abreast of what the heck is going on!
What do you think?
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GR...CHID..My God, what an complete and utter disappointment. I still have a long position on CHID too, but the company let it's shareholders down. 26 cents now...I never thought it would go as low as it did. I feel bad for the President of the company, as well. She purchased big time in the $1.00/share area and is way DOWN on her investment. It's just sad!
On my initial entry on CHID, the stock went up almost 120% in less than a month and then thereafter it was just a slow slide downward. $1.20 down to 20 cents! Unbelievable!
I hope the stock recovers, but loss of investor confidence is so hard to overcome. Time will tell.
You just have to be careful on the OTC! Truth be known, you have to be careful period in the market.
imo!
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AVNR..4.00 in premarket..down from 7.40 yesterday on Press release this morning! The PR was a bit deceptive in it's title, but I think the sell off is a bit over done. Going to pick up a few shares in the $4.00 range, see what happens! PR is not that bad imho!
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GIGM..9.77...I'm hoping today is the start of the uptrend here! The board here has been very quiet of late, but I think will pick back up again soon!
SMSI..18.52...what a day! And this one is now up over 100% for me in 2 months. That sure beats a 5% per annum CD in a bank! Excellent!
STEM and ASTM are in play now and should be the rest of this week! The election coming up next week and the Stem Cell stocks are moving in anticipation of the democrats retaining control of congress. If so, money will come back in to Stem cell research and these stocks should start performing again.
Good Luck!
Happy Halloween too! Boooo!!
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Kojira..thank you for the kind words. Just remember, no one (or I've never met anyone...ever) who was 100% with their picks! I will always claim a 50% success rate though! And that's as far as I'd go tooting my own horn.
Thank you though for the post and all my best for happy and prosperous trades to you!
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OT: SMSI..17.09..this one is almost a doubler here! Very nice!EOM
OT: PACT..6.14...Nice! SMSI..16.76..Nice! GIGM will be $20 by Christmas imho!
PP :)