If you have no patience then you you should buy something with regular reported earning's growth.
CTGLF's goals are to earn a penny by the end of this year and 3 cents by the end of 2006 etc so you have the guideline from the company - they never said that they would earn 10 cents in 6 months or whatever.
This is a stock to hold for a few years to make the most gains. To care about the short term is not a good play with this stock (except as mentioned below) - there are plenty of stocks you can trade daily or weekly that make huge moves but you have to watch them. This is a stock you do not have to watch - just put it away for a year or two as long as the company has not changed and nothing now has changed at all.
There may have been a little panic today and that is great if it was as that signals reversal soon.
It is always incouraging to see short term holdres selling as it is usualy a signal that a bottom is near. Nervous short term holders sell to stronger longer term ones and the turn around then in the stock price can be fast. The stock trippled in about 10 days in December then sold off then went up 400% in 26 days from late March into April.
I do not care too much about the earnigs report this time (as long as it is not late - which is sometime in late summer) The one to look forward to is next March. I do not want though the Amex listing as reverse spits are generally not a good idea but if they wait a year or so it may work out. I know they feel that a listing on Amex may help them to raise money by selling more shares as Amex sounds more legit but if they have a good idea about what to do with the money I think they can find venture capital anyway.
I buy some every week and especially when the stock price is below the lower Bollinger band as history shows that is how you make money - buy low and sell some high above the top bands but amateurs seem to buy the tops and sell the bottoms as they have not figured it out. Look at the 29th of March when the volume was over 4 million and all the armatures got out in a panic at 7 - 8 and 9 cents while the pros were buying and saw the stock go to .28 to sell to the new crop of newbies when the stock again when above the top bands.
What some do not seem to understand is that the filing deadline date for earnings has not come yet and since it has nothing to do with the operation of the company is is not a major issue if they report today or next week or month. Anyway what will it matter?? If they grew by 5% or 10% or 15% will it mean anything to you? To me it will mean something only after they start filing quarterly reports and have several quarters of continued growth so this report about last year is not so important. In the mean time it is a good trading stock with several chances to double, triple an quadruple your money per year as long as it just stays in this range of 10 to 30 area. Once they have a stock record the range will go much much higher. Remember that China Merchants Group builds the roads and railways and and China Merchants Asia has the warehouses and CTGLF has the software to track all of the product that comes into and out of the country. Super deal.
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