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yeah north, that's right. I got more than 10 bagger with AOB.. so in terms of current return I'm still doing better.. but maybe my risk/beta is also higher.. but I guess you are right.. that we will be ok and as long as we did our dd (and do some diversification), we will be just fine..
I've been investing in stocks for more than 10 years now and I'm still not sure if I'm good/decent or just plain lucky. I feel I know what I'm doing (but then I made a mistake like cxti suddenly I felt that I don't think I know what I'm doing).. but time will tell I guess.. overall .. I'm still doing fine...
Stan
north awesome article. thanks for sharing with us
it will be interesting if there will be more companies following cxti playbook.. seems an easy way to make money.. provided they can sleep well at night ripping off other people.. (thoough no proof yet .. but no proof otherwise either)
I'm also long in ETLT and AOB and am more cautious on chinese stocks after the CXTI fiasco..
a freind of mine who is from china has warned me about chinese stocks and I told him.. among all people.. you should be the one defending/trsuting his own people.. apparently he is right/know better... he didn't want to put his hard earned money (made in US) in chinese stocks.. instead he bought stocks like phillip morris, kraft, bank of america, exxon etc.. so far he's doing good/just fine..
Stan
ETLT chatter line in yahoo board. enjoy :)
http://search.messages.yahoo.com/search?.mbintl=finance&q=etlt&type=xuFftD2RBpk-&srch=1&....
though today the ETLT pump message isn't as many as the last 2-3 days ago by cakilac and smartsmallcapinvestor..
maybe later tonight it will pick up..
nonetheless 1M shares volume is impressive...
we haven't seen this lelve of volume in ETLT for a while...
I'm tempted to sell some as last time it get this high it pull back down to the .60s again.. but knowing what ETLT real value be i.e. $1.38+, I might end up not selling anything..
I knwo a lot of people who will actually buy this thing once it hits $1 (and just waiting on the sideline now)
Anyone dumping ETLT today? some of my friends started selling today... fyi.. I'm still holding cause i'm a sucker... and a greedy one...
Stan
ETLT. I'm happy but cautious. long on 130,000+ shares.. and double downed on my PSL 7...
looks like today could be one of the better days for ETLT...
going to watch the chatter line in yahoo board and see if ETLT is pumped again..
the last 2 acquisition might help increase EPS in 2008 (since they use part cash to acquire those mango and litchi farms)
their pe is so low that it's hard to acquire anything accretive with shares.
Stan
ETLT. becasue it seems that there is unlimited supply on the ask side. we have yet to figure out whoa re these people . I hope it's not the company selling the shares. (making money by selling shares)
I don't know when or if ETLT will ever hit $1+...
based on fundamental alone it should be $1+ a long time ago.. but maybe there are many things that we don't know about ETLT.. time will tell though (if they will be like AOB, or CXTI, or something else in the middle, most likely it will be something in the middle. I hope it won't be like CXTI though.)
Glad to see AOB continue to climb.... :)
Stan
he's talking about me. my cxti drop 60% and I still hold it in real life.. the problem is in real life I've been elling periodically while in psl I can't sell part of it.. I have to sell/freeze the entire position.
under 10,000 shares left on cxti for me, down from 21,000 shares original position...
each day/week they silence sontinue I might sell more...
this recent rally is nothing more than the yahoo board pumping...
also why i freeze cxti is because I don't want it to become lose 100%. in hindsight if I hold it will be up 13% instead of down 60%. but I'll survive
Stan
PS: if not for that dang cxti, I'll be near the top 10
death.. thanks for the reminder.. I totally forget about that point..
I apologize everyone for even mentioning this stock here..
This stock (CXTI) surely belongs to the ZCC (or probably is not worthy enough to be mentioned there)
Thanks all for the understanding..
Stan
as much as I'm bummed out on the PSL CXTi freeze, I can't be happier for the CXTI rebound. my PSL result doesn't reflect my real portfolio but it's in the good way (the real perform better than the PSL)... so I can't complain much on that..
Still hold al ot of CXTI.. and still pondering to trim more (slowly) as it goes up... and as each days go by without any new sec filing...
Stan
cxti. the question now, is this just real pumpa nd dump scheme. or peopel belive that once the 8K filing filed earlier. it open up possibility that they might file more stuff later today or in the future.
as of now I'm still convinced that they have run away..
Stan
ari, seeing this pump action before in yahoo.. usually after it is done.. the stock will drop.. having said that I'm going to sell some more today/now...
again thanks for bringing up this to my attention..
GLTA
Stan
fish. I have done losing lseep on CXTI losses..
I cut my losses for some of the shares and still hold the rest..
I listened to several of the conference call and I sitll can't believe I got fooled by them..
Stan
thanks ari for the info.. CXTI also post some sec filing today.. nothing new though...
I wonder if it already start sliding now.. th ose yahoo pumpers usually bailed out pretty quickly..
Stan
i still have it in my real port and ahve been trimming down as it slide.. i still ahve more than 10,000 shares and don't really know what to do with it.. whether to dump them all now or wait to see what happen..
before today I've decided I will continue selling until I have 10,000 shares left and I will hold and see it go to $0 or go back to $1+..
Stan
what is up with CXTI? now I wish I haven't freeze it at .20...
Stan
MDF: a yahoo poster said some analyst reiterated a buy recs with 12-18 months target of 3-3.50 . that probably trigger the rally since yesterday. but I don't expect therally to last unless they posted great Q3 result (and increase in HMO member to close to 6000 members by the time Q3 financial is announced)
Long and strong on MDF (been waiting for too long already, but I'm still hopeful. can't complaint on the last 2 days move)
Stan
Cngrats Mike. awesome gain for one month on MDF. 17% gain in a month is great..
with the recent fluctuation, even MDF can seem to be short term traded (several times).
I'm still holding though...
Stan
thanks true john. ssk, can I freeze sgzi again today.. lol jk :)
john.. I'm holding until the valuation gets out of whack then I'm going to sell.
but am watching closer now after the fiasco on cxti (that cost me a lot of fortune)
AOB is rallying and worry me a bit... but I'm still holding that one tightly...
the SSEC index is up like crazy.. and most of my china stocks (were listed in US) and didn't experience similar gain (much less) compare to the shanghai index counterparts...
Stan
should not have frozen cxti and sgzi...
couda wouda shouda..
at least it's up for my real potfolio...
SSK Thanks for taking care of my transaction
nelson, no clue, except if one do their DD and validate the contracts then they might find that maybe the contract is fake.
or maybe some clue that I have raised up several times is:
everytime they get a contract they keep paying high comission (in the order of 10%) in stock and the stock is sold right afterwards (even for project that will commence years in the future and won't be completed 4-5-6 years down the road. and cxti often have to fron the money for the project and that's weird
and the most weird thing that I can point out is with the type of business they are in, it's not suppsoed to be a high margin business... their net profit margin is more than 30% (15M sales will bring 5M profit).
I mentioned several times that this seems too good to be true (at the same time if it is real, then I'm happy)
AOB profit margin (especially gross profit margin) is even higher which I also wonder if it is sustainable or valid. but I got a friend who checked their product and that they are real so I'm less worried now (institution buy AOB shares but now I discounted institution DD since CXTI event)
Stan
CXTI. they even got the institution fooled. my bad. I thought institution's DD can be trusted. I hope not too many people bought CXTI on my recs (not sure if I'm the one making the recommendation at the first place). I don't remember where I heard CXTi at the first place, but I lost a lot of money too.
I've been seling slowly and probably leave some for long (or sell later near the end of the year for tax loss purpose if they still haven't file anything by dec 31st).
I doubt that they will file anything anymore ever..
I'm trying to get up and move on from cxti losses/fiasco.. I was once told that it is not how hard you fall, it's how fast you get back up is what matters more..
Stan
and also a lot of analyst estimate and buy report.. that means nothing apparently..
the only winners is CXTI management...
Stan
cxti. I'm going to use this opportunity to trim my holding and cut my losses... I've been selling slowly here and there...
they are dissapearing IMO...
I posted this earlier
==============
simon fu & COO will rejoin michael huang at zihuatanejo.. retiring.. having fun..
maybe Pike capital and JLF will be there
I doubt that BDO (auditor) and Matt Hayden (PR) will be there
==============
Stan
hehehe .. yeah.. buffett said he's fine with once a year.. I figure out monthly is conservative enough..
There is no way I can do well anymore if I keep shooting myself on the foot (like picking CXTI)
I've stray away from investing to gambling.. which is not right.. maybe in psl 8 I'll get my act together and start getting serious again (and not picking fraud company like cxti)
with such a bad performance.. not seeing the result daily (or be reminded of the result) is a premium.. (though I can count myself in my head everyday)
Stan
once a month is even better, so no pressure (or reminder) to keep up with the day to day performance.
half jk :).. once a week is fine with me too...
Stan
everything that can go wrong, did go wrong for CXTI. the CEO just resign/fired from YTEC board. everyone want to separate themselves with CXTI.
let this be learnign for many people. (including me)
Stan
dead cat bounce already happen for CXTI last friday...
I sold a bit but not as much as I wanted to...
There is no sign of life anymore on CXTI. Pike capital management also file schedule 13D/G and show that they sold out all 2.5M shares that they have
I can't believe CXTI had institutions fooled too (both JLF and Pike Capital)
very nice work..
I guess you can't eliminate evil in this world..
Stan
jsut first day, 30% down the hole with CXTI. not a bad idea to sit this one out I guess...
ouch.... (with CXTI)... even institutions were fooled by cxti..
Stan
IMO CXTI has similar modus operandi with stbr. this is what stbr did: government contract, partnership with CCF which is very popular govt entitiy (China Chang feng), smart card health card rollout again contract given by goverment, internet cafe, technology consulting/contracting project from govt. and one day they just stop filing and dissapear after delays in filing. they did try to hype a huge fiber optioc project called project oxygen which not surprisingly didn't materialize.
if cxti went to $0 and never said a single word anymore, I would surely learned my lesson.. I'm not that smart so I have to do the same mistake twice before finally learning the lesson...
I guess US govt is better and more reliable (Department of Defense contract for example)
Stan
sold 1000 shares CXTI that were bought at $4.15 earlier today..
still holding 20,000 shares from $1 and under cost..
I might sell more to make sure I get some money back..
Good luck everyone..!
Stan
I'm probably tempted to pick cxti AGAIN for PSL...
I don't know when I will learn my lesson :)
Stan
worthy, on CXTI. I think nothing will be revealed. my feeling is that we will neevr hear anything anymore from cxti. cxti is not lik awrcf where there is fraud going on but they are honest about it and plead to clean the mess up.. cxti just choose to be quiet about it and they even ignore their own PR company.
I'm still holding AWRCF adn I'm glad that I did hold.
I still hold CXTI as well.. the odds is no better than buying a lottery IMO
Stan
death2tax.. thanks for the sympathy on CXTI..
I realized that once in a while I will find this type of situation (since I'm playing with the otc bb and chinese stocks)
Stan
JLF filed SC13G for CXTI. looks like they are almost done selling (selling all).
it's safe to say that they are trying to unload all their CXTI position.
Looks like it will be over soon. Maybe someday those CXTIlongs (including me) will learn something.
my common sense told me to bailed out from a couple days ago when it was $2.5.. and even today.. but greed got the best of me and I'm still holding...
Stan
I don't know why CXTI don't post any update on where they stand on their earning result. firesale, lead by JLF.
Stan
CXTI is getting closer to $0, $1.55 now.
Fraud written all over. pure gambling at this point.
All the best for holders (including myself)
Stan
researcher, on CXTI. the concern is that the reason he give (according to CXTI) to CXTI for leaving CXTi is because CXTI is moving to China frmo Hong Kong and he wants to stay in Hong Kong. but voila. he joined another company in China and that he will be moving to Beijing, China. This is not consistent with the story that CXTI give on why SImon Fu was leaving (so that makes me think that there are other reason on why he left. such as maybe the books aren't in a very good standing or maybe something to do with the contracts etc. but at this point, I'm just speculating)
I'm planning to hold most of my shares. I'm planning to sell some that I purchase at a higher price than today (but even then I'm still considering and might end up just holding) because at this price ($2) , it seems like it is worth the gamble and wait till CXTI post their result. Having said that, maybe $2 is better than $0 (if they don't post in the next one month)
JLF selling doesn't help the situation either. I think you stopping buying the shares is a prudent decision. you can always buy when the earning is released, even if it will be 20-30% higher than day (higher than today's price), it is still worth it to buy then (rather than buying now, as buying todya is not investing but rather, gambling)
Now, the key will be when CXTi posted earning and whether there will be any restatement of past financials and whether th previous guidance will still be true.
JMHO,
Stan
IMO feinberg will continue to sell CXTI until CXTI comes out with news/earning which then might trigger JLF to stop selling (or sell more and at faster pace)
even at $2 or below JLF will continue to sell. for now the company have so many inconsistencies with their stories.
I haven't sold my CXTi shares FWIW.
JMHO.
Stan
CXTi, old CFO move to China, from HongKong to be a CFO of another company. that's why it dropped a lot more. I didn't get a chance to sell today.
not sure who fabricate the story of Simon Fu left CXTi because he wants to stay in HongKong (either Simon himself or CXTi)
but it doesn't matter. the stock continue to tank.
I'm glad that the PSL6 has end.
Stan