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FWD PE is 3 and CCME has $4.1 in cash per share ... its going to be really tough to smash it down from this level...
Just bought 2500 LLEN 8.16 .... bot 2k CCME 8.83 ....waiting for a little lower on PUDA...
Here are my worries
1. Not a sexy business .. deserves a low multiple
2. This quarter was bad... no matter how you look at it.. I expected a so -so report
3. Have the Chinese created an oversupply of Steel production with their policies?
4. Whole steel sector is down.
5. Low Margin Business.
What I like
1. They have done a great job Financing. Best in the whole Chinese small cap sector.
2. Management has put their $$$ where their mouth is with more purchases and option exercises.
3. Very low 2011 PEG if they execute.
I am long alot of CNAM and buying more .... the one thing I love is the huge gaurantee of their debt ... nearly 45 million total ... they appear to have 30 million more of loans that will come in. Good luck to all.... thanx for all the DD...
CCME liquidity report ... so the stock is 11.41 bid 11.43 ask ...I want to buy 5000 shares ... so I put a bid in for 2500 shares at 11.44 ...they give me 100 shares ... i blink twice and it is trading 11.75. Looks like somebody is trying to shake some weak longs out.
CCME ... is actually the stock that has held up the best. They have a boatload of money and a good business plan. I intend on buying more if anyone wishes to sell in the low $11 range. My problem is that I keep buying more and more CNAM at these prices. I agree that these stocks will lag the over-all market.
I dont believe any of the SHORTS stuff. I think the reason this stock gets sold is that most of the shareholders are former warrant holders. These traders are very weak and have been getting killed in all of their other longs, thus they are being forced to sell CCME. Thats my opinion ...
Just BOT 12k CNAM 3.75 ... it is now my 2nd biggest Chinese position behind CCME ...
Will nibble TSTC low 9s ...sold last time in high 10's ....a little worried about money raise ... currently buying CNAM..
Sold my 5600 TSTC between 10.56 and 10.90 ...quick $$$ ..gotta take it...
bo 2500 CNAM 4.1
bot 1k PUDA 8.5
bot 1k PUDA 8.5
Bot 2500 CNAM 4.2
Bot 2500 TSTC 9 .... brave
Bot my 1st 1000 TXIC 4.84 .... I also buy a little more CCME everyday... the best company fundamentally and technically...
I like the beer can in picture ... nice setup...
My take CCME .... I believe all of the trading can be explained by the fact that the float went from 800k to 8-10 million shares due to the warrants. That is aolt of more weak longs in the mkt. Patience will be rewarded. I added a bit below 11.
It might go to 99c ... I will be a big buyer below $1.1 .... anyone selling down here will look back and realize that they made a big mistake.
If ALIF did not defer 4.8 milion in income/profit until 2010 .. this company would have had 45% year over yer growth in a very tough year... and they would have made 23c EPS .... I will be a major buyer today ... started at $1.12 down to $1.08 ... ALIF is in one of the highest growth markets in the World... Mobile gaming and applications ... they have done major deals with 3 companies with market cap's of 25+ Billion dollars ... go ahead and sell...
Bot 250k at .028 ... nice looking chart...like the DD...
I sold my 50k at 30c ... good riddance...
That sux.... I should have listened to Raw and not tried to catch a falling knife
Learning from Mistakes is the only way to learn. I am very wary of EGMI despite getting in well. I cannot imagine any good reason to cancel a conference call at the last minute. Sorry to hear about the downturn. I have ahd that happen too many times to count. Good Luck.
Get in line .... I have been bidding for 10k at 77c all day long
I only bought 55k shares ... small starter position ... many bullets behind ... I try and be patient and get a very good initial entry price ... makes all the rest of the trading really easy ... the reasons I am buying are not fundamental .. I am buying because of the support from old highs in 2008 and 2007 and also a rising 500 day moving average ... and it is below my volatility band which comes in at 80c ... works for me..
cmon BRIG ... join me in buying some here ... its a good price
Well done ...I just bot 25k more at 79c ... bot 40k so far today mostly at 79c .... I was 78c bid the whole time ... got 5k at 78c .. anything under 80c should be a good trade.
The only place EGMI is going to tumble is right into my stock acct. Nobody has the kahunas to buy at the bottom. All you people stuck long this stock might consider getting out from under your desks and join me as a buyer today.
I bought Trafalet shares in late 2008 and early 2009 and now I will Buy LS Estate shares. Yo Ian or Alan ... why dont you sell me a 100k down here.
Bot 5k 79c + 78c ....there is a sucker born every minute...
Please do not sell this garbage stock below 80c ... if it falls below 80c ... I might be forced to buy some ... and then I will have to suffer with the rest of you clowns..
I think gurupup is talking up his bad position. Buying High Volume breaks is really stupid, and every big break in this stock has had BIG volume. That advice is strictly Trading 101.
I just remember you giving me alot of trouble when I sold out the last of my position at 1.55. I guess you can do and say whatever you want because you are a moderator. Atleast you were smart enough to sell your position.
The Lone Bear comments....I believe earnings will be a wee bit below what everyone thinks because of added SGA. Turns out you have to pay your extra employees that you added. In the long run I think everyone will be ok because stockgod has a decent sized long position. His track record is amazing. By clicking on my name it is probably easy to see what my Big long position is. I also am adding some CCME everyday. Good Luck.
Been buying some JADA 35c and lower ...CCME 11.80 and lower.. and CPBY @ 4.8 ...
Reply to Kardon ....... Management is a mess because they have never accomplished anything they have tried to do in the last 6 months. They still do not have a CFO. Have you held one of their game-cards? I have. I just do not get it. When I bought at 40c in early 2009, they had preannounced 2009 earnings of 14c which was a 40% growth rate over 2008 EPS of 10c. I had no problem buying a 40c stock with pre-announced EPS of 14c . The PEG was very attractive. Do you really believe that EGMI is going to get a Big Lottery contract in China? Their are alot of very good Chinese companies trading at 5 times earnings and have 50% growth just sitting out their ( CHME BSPM CCME....) The only positive I see in this stock is that stockgod has been a buyer and he is an amazing trader. I just like to tell the other side of the story because everyone is so Rah-Rah on this board. By the way, I have been 100% right on this stock. I just don't get how these cards are going to be some kind of growth story. Maybe that is why they bought 5% of POKEN for 500k. I truly believe what I am saying. Good luck.
Everyone is still BULLISH .... kind of laughable how just about every poster finds it somehow bullish when this company messes up time after time. I used to think I would buy some when it hit 30c. I think this whole game card business is a complete joke. Does anyone really believe this is a Growth business? Sell your shares to gurupup and be happy you got out with over $1. Make sure to ask these clowns on the conference call if they have any booked business for 2010.
Lets all try and catch The Falling Knife.
I really hope that my previous bearish posts got some people to sell EGMI. I understand this company very well. The points I have consisitently made are still valid.
1. The vast majority of EGMI business is Promotional Card Sales. I have a hard time believing this core business was not severely reduced in the latest recession.
2. Lord Steinberg's passing really hurts this company. He was undoubtedly the lead contact on all new gambling ventures. His Estate might be selling shares. Who knows. Maybe UBS.
3. EGMI pre-announced all of the companies earnings up until the 4th Quarter of 2009. Thus the earnings that they announce for 4th Quarter 2009 and full year 2009 have been a KNOWN for over 1 year.
4. EGMI has really messed up with Management and shareholder communication. Everyone knows this.
5. Believing analysts reports on any company and trading off of their advice is very dangerous.
6. Even though I was only 33% long in this current decline. It has been painful. I have dumped half of all my positions and only hold a core group of companies that I believe in Long Term.
Best of Luck to everybody. Mr Market sux.