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If you guys are excited about 5K at .21 then I am ecstatic having 145K at .175. Yup, that's right because I believe in Green tech and these guys are one of a kind!
Someone got me to look at this one and I have to say after living in Thailand, I learned how good the chinese do there. This bank was caught up in the down turn with every other bank but has traded around 18-22 before the debacle. Why can't it get back there again? Upside potential on 13B assets is to irresistable to ignore. THIS IS NOT A DOG! Cross sectional market advantage from the not one but two stimulis packages instituted by Chinese government and how it will reflect on the chinese americans can only help as well!
Yeh I am in it after friends advice. Looks like it got oversold and could head up to 7-8 as we get into the summer travel season.
We are heading into stronger earning seasons and if the impression by investors is that we are only in a recession then PE should rise as well. The 7-12 target is looking doable near term! JMHO
wooops!
I guess its even a better buy right now. Personally I think this is a traders dream .....
Looks like a perfect fit for the chinese market!
As everyone who bought in at .0001 has sold off that wanted to, now leaves the trading floor at .0002. What do you think?
The following will create more news in the future to drive the SP up:
Mr. Wynn Wang the issuers CEO said, "The objective of this agreement is to use Innotrek's products for broadband Internet and accessing of residential areas in all Guangxi Zhuang Autonomous Region. Guangxi Zhuang Autonomous Region is one of the provinces in southwest China with a population of over 50 million people and consists of about 240,000 km(2) area. Guangxi also locate the upstream of Mekong River Basin and has frontiers with Burma and Vietnam
The downside is .0001 but the upside is what? Unless you are looking at a R/S near term or back to flat lining this is not really that bad.
Has anyone bought at .0001 today?
BEIJING, Oct 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- The Company RMDM (www.rmdmgroup.com) and its operating subsidiary Innotrek, Beijing today after the market closed, announced that during the 5th China-ASEAN Expo which was held in Nanning, Guangxi from Oct. 22 to 25, the business cooperation agreement between China Telecom Guangxi Branch and Beijing Innotrek was completed.
Is that a pump?
10/27/08 09:55:30 0.0002 0.0001 0.0002 2000000
That was mine
Look at other PK stocks that do this ..... this is real but may take a while. This will spike ... its only when?
The good point is when ever a company starts having activity like this after a time with no trades for months, seems to show nice short term spikes. I believe at some point this stock will spike so picking up shares here will look good later on! The R/S if it happens will take awhile as news will drive this stock and hopefully with some nice spiking!
Just got another order at .0002. Now trying for order at .0001
Got filled at .0003 and .0002
Yes I read that. Thats what i am saying! This is a chinese play and it has been in their nature to say one thing and do another. In fact that is the stay for PK land anyway.
No mater what they say they will do ...
... I cant see how they can have 9.5Billion shares and not have plans for a R/S. Its just common sense speaking, and you know this is PK land where anything can happen!
Had to put Ben on ignore. He is too destructive for me on this board!
We dont need you on this board to tell us that. The current CEO is not responsible for what happened. Neither are the thousands of employees that depend on their jobs or the loyal stock holders that stayed with the ship even after it crashed. Your statement is stupid!
That is a redundent statement and already factored into the mix ...... nice try!!!!!!!!!!!!
I kinds told they were going to ignore this quarter. Now with the chinese economy in the toilet dont expect the earnings to be as good as last time. That being said this may still bounce once earnings are released in Dec-Jan
Actually alot of what AIG has done in the last few month can be explain technically. I have been proved wrong about the trading range and now it looks like the way a typical pink sheet stock trades (Advances and declines narrow as the PS goes averaging lower). That being said I think all this will be over with once the asset selling starts and people can get a handle on the forward direction of the valuation of this mega-to-leaner coorporation! Liddy said all this should be done by mid summer next year but start before end of this year. Forward looking I believe the stock will correct to the upside once selling none core assets starts most likely taking a conservative PS acceptance as to how well they will do. Then it will move higher next year as the CEO proves himself as he has already done before at allstate. I look at 10 by end January and 20 by end next year! Liddy will be smart to keep the mix of value divisions that are based in the core business while selling other valuable assets that gain high $$$ for the buyback. He is smart and I believe will know how to play out the mix and play it out well! Too many people/govt are watching him. JMHO!
Thanks, great video on CEO Edward Liddy!
Exactly!!!!!
True but if Cramer is payed to be on national TV (Cable) on the premise that he is for the mass and helping in their investment strategy then he better know what he is doing and be truthful or he should be unplugged from the air, right? I mean that is what he is paid for?
Otherwise what is the point of MAD MONEY .... to give advertisers air time?????!!!!!!
Yeh I got out yesterday at 5.7 and back in today at 5.5. I think I'll hold on awhile since earnings report is due out soon!
Obama is not in it to save the system, he is trying to get the middle class back on its feet after eight long years of abuse. His heart is in it and so those that follow him.
It's the middle class that is the engine of society whether the fats cats like to hear it or not and once WE THE PEOPLE realize that then one day just maybe we will be running the show and then ... MAN you will start to see changes.
Just think if some disease came and wiped out the top 5% of society, do you actually think everything will all just stop ... HELL NO because they dont mater! They are the biggest welfare class in the world, sucking your and my wealth and effort into their pockets, everyday we work, everyday we pay taxes, and everyday we make laws to protect them!
Social evolution will have to do its job eventually as we rid the society of the insane excesses that create this abborated class structure
And maybe just maybe one day there will be no more rich or poor classes, only variations of the middle class caring about each other and working together in a fair and just system. And dont say it can't happen. IT CAN!
signing off
Santa
This looks better:
"Whether the recommended shift back to the traditional will actually materialize is still an open question. But the AIG brand does incorporate the ingredients to move AIG shares to well over $20 during the second-half of 2009."
I wonder if there are not interests with some people that are making sure AIG is financed? Giving AIG not one but two large packages to bail them out. Could it be that some of those involved decided to stake some positions in the company and has a strong interest in it to succeed?
This is what scares me:
"The most widely used derivatives are interest rate swaps, which account for more than 75% of the global $530 trillion derivatives market"
OT: New Corporate rules!
Did anybody ever hear of the 25X rule. Its the idea that the highest paid officer of a corporation does not get paid more then 25X the lowest paid employee.
I would add to that the stock issue and make it 25X/50X rule. That would say no officer can hold in warrants,options and perferred stock (equaled out into common share equivalance) more the 50X more then anyone else that is currently working for the company!
Lastly give everyone the same percentage of severance pay of their original salary when forced to leave the company!
That would end this BS once and for all and be fair to everyone. Everyone would be part of the party not just the few on the top. It would revolutionize our distribution of wealth to be more fair and strenghten the middle class!
The problem is the third party will bring us right back to where we are now. The devil is in the details and politics is inherently currupt. So..... look at history to what worked and what did not work and there is your answer.
Also remember to compare the last eight years with the eight before that and that should also shed some light on this problem! Remember the 23M new jobs that brought revenue into the government, remember the balanced budget that was actually finally paying on the debt, and remember the war that was fought and won with no loss of US lives and at little cost .... oh and we got the guy!
Its hard to admit it when something fails and many times in OUR history we did things that failed. But we need to own up to them and NOT do it again! Then we need to look at new progessive ideas that socially evolve our society to a higher place. Lets say .... starting with the 5M new green jobs that can very easily be done with our current excess/wasteful spending and gaping coorporate tax loop holes!
Thanks for thi great info, some older, some newer but we are going to have to wait till this madness shakes itself out and find the perverbial bottom of this market!
YeeeeeHaaaaaaHHHHHH
Dow Jones Industrail Average is looking like a pink sheet stock!
For the chinese play can you give me your take on CSUN (Solar panels sold internationally) and STV (#1 cable in china)?
China's central bank slashed Wednesday its one-year benchmark lending and deposit interest rates by 27 basis points and the reserve requirement ratio by 50 basis points.
The world's major central banks moved in concert Wednesday to slash key interest rates, easing monetary policy around the globe in an ongoing struggle to head off financial turmoil that has threatened to flatten the international economy
This sounds uplifting:
"It gets exciting if they sell enough assets to repay the loan much more quickly than expected," Ackman told the audience at the Value Investing Congress.
If the government gets its money back quickly, it may be willing to make a concession on how much of the remaining company it owns, Ackman said.
"That's when it gets very interesting," he added.
Just bought more at 5.17. Now I'll hold on for a while may wait til their Nov earnings report!
You could not have said it better. Picked up some at 5.4.
There is a scare of dilution but also understand they have liquid cash that may be hard to come by now a days. 115M can buy up alot of failing companies ...one more reason to buy this stock!