CTGLF China Technology Global Corporation is a company I have been following for over a year since it changed into a supply chain management software company. This is not now a "fire stock" in that if does not now have the huge volume but it has tested its lows again and seems to be turning up again and moved 40% from the low last week.. The stock hit a low in December then went up 300% then again pulled back then double back to the trend line – then again made a new one day low then another 30% to trend line. It last week tested that low again for a double bottom and is now moving back up. The company will report their year end results anytime in the next couple of weeks and it is for their fiscal year 2004 ending March 31, 2005. The company projections are to make 1 cent in 2005 but do not know if that means fiscal year or not but will soon know. Further projections are for 3 cents in 2005 and 6 cents in 2007 so if the succeed and PE can be even 30 then price will rise to $1.80 in that time.
They are members of the China Merchants Group the largest government controlled conglomeration so have very good advantages in competing with non Chinese software companies. Their software includes GPS and mobile phone messaging for tracking all goods and they are one of the first to use RFID in China. They plan to expand to Internet services also.
(http://img293.imageshack.us/img293/4687/300605ctglf0ef.jpg)
If earnings are as expected then this is likely the last time these current prices will be tested and the MACD has had posited divergence form months indicating a future share price appreciation. The 200-day EMA is right at the trend line so a close above that on increased volume will likely start the next major move up. When price reaches a high enough level the company plans to move to the AMEX.
I like this set up and the double bottom at the low level nice and the company is the only Chinese software pure play in the US markets and once the momo comes back to the stock as they begin reporting quarterly and begin again the news release cycle the stock can attract some good interest. Even just trading it back to the trend line is still a double from here. The company CEO will retrun to the USA shortly after the financial release for a road show.
Company website http://www.chinatechglobal.com/
Company presentation http://www.chinatechglobal.com/img/0501.pdf
New site set up by a stock holder http://ctglf.com/
iHub board http://tinyurl.com/73kyh
Current full size live chart - note the positive divergence http://tinyurl.com/7fphw
It had some nice upside movement today - still waiting on financials and within a couple of weeks shoudl be out - a nice news item this week
The date they are supposed to file is tomorrow so they will either file or submit an extension that gives them another 6 weeks
Friday they filed as is usual for an extension to file annual report but they mentioned they plan to post a profit of $147,000 instead of a $4million loss. This report actually was for year that ended last March so they are likely now on line to make a penny a share ending next march - at a PE of thier 30% expected growth the price should be close to 30 cents as it was two times this year
Chart shows old support at 8 cents so so far is bouncing
(http://xs49.xs.to/pics/05401/0310ctglf.jpg)
This stock should pop way up after the financials come out.
Right now there is an extension for their 20-F.
I've been in this stock since last year; I've been waiting for them to finally make a profit.
This is fantastic news!
There is a lot of DD to do on this company, but I've been following it for awhile, and I have a strong feeling that this stock with be .30 very soon.
It went up today a bit; of course people are leery about the extension, but hey. these are people from Hong Kong. The rules are fairly complex on the nasdaq, even for otc stocks.
Money flow looks good, also that positive divergence on the MACD you are showing...
They have found a new accountant so there is still hope that they will file the 20-F by the deadline that is either the 15th or 16th. If they don't then they will go to the pink sheets.
Today Investor relations sent this messge
Dear Investors,
Thank you for writing us.
We have found a new accounting firm and been working hard with the auditors. We will try all the best to complete the auditing before the deadline.
Regards
Sifie L. Fu
Investor Relations Manager
China Technology Global Corporation
Tel.: 86.755.3330 1818
Fax: 86.755.3330 1508
Website: www.ChinaTechGlobal.com
Glad to see someone else catching on here...
CTGLE is current ticker.
http://www.3stocksonfire.org/trading/index.php?topic=3242.0
Hi all...new to the board but am an owner of ctgle shares. Do some dd and you will agree with metro that this is going much higher. This company has rounded the corner and is now profitable...and with the filing coming up soon the pps can only go up. We have a double bottom formed with support...IMO this is very near the bottom. This is JMO and I hope you all do your research and come to the same conclusion. GLTA.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=CTGLE&MarketTicker=OTC&TYP=S
Good stock to buy...Target at 0.13-0.16
We have a stock in a New Uptrend (Aroon) = aroon+ crosses over aroon-...
Resistance breakout at 0.90
Price close above MA50
Candelstick : white marabozu
MACD > 0 And RSI > 50 and +DI > -DI
Market makers try to shake a few today.
accumulation next leg up.
.13 breaks think it will see a climb up on the 3 year.
Watching this one closely. Heading up it appears.
They filed the annual report and they have a profit instead of a 4.4 million loss last year - good going - and this is for the period ended last March 31 so by now much better sales
here is the report -- nice to see the green!
http://tinyurl.com/7fzb6
Should move nice on technicals and short bounce now that confirmed e cpming off
;D
CTGLE - the "E" will be removed next week
they filed financials on Wednesday... the price is still a bargain; when they go back to CTGLF then it will pop.
they had a profit this year; last year was a $4M loss changing business models
they are now profitable in the software business in China.
the "e" for late filing of annual report has been removed.
price of .12 currently is still real good. This should move back up to .20's quickly and higher.
good buy right now.
Nas relistment or move to Amex for 2006 is possible now that the company is fully reporting.
The stock price should continue to trend up as company is turning profit. China is still a great place for my money.
:P
Hudson appears to be extremely short and will have to cover, being patient here think we see next leg up to .20 soon from chart as divergence and obv about to cross ;D
The company did make a press release of their results:
http://biz.yahoo.com/prnews/051122/hktu005.html?.v=11
Gonna buy this one on dip, and build long position. I think this company will become fully reporting and has turned corner to profits$ . Undervalued here imo