This seems almost like a sure thing --
CTDC -- up 70%+ today
Was up 70%+ yesterday
Even if fundamentally there are reasons to back it up, this stock must correct probably at least 20%
However, looking at the company, it has a market cap of $65M and revenues of less than $1M
Opportunity for taking advantage of the inevitable fade that will happen over the next week.
Why would you chance CTDC having some blowout annoucement? Very risky short IMO. That much volume something big could be one the horizon
I agree. It is a very high risk but also a very high gain if you're right.
It could be that some big news is brewing but also just a temporary China craziness MOMO.
Time will tell.
If you look at this stocks track record, it has had similar spikes several times in the past, all of which sharply declined in the weeks after.
Stocks cannot go up forever, and even if this thing is headed to $20 or $40, it won't get there without some correction. I tried shorting this today several times but Ameritrade has no shares available. Oh well -- chalk it up to research.
Mock Trade: Short 1000 shares @ 11.80 = Cost $11,800
Take a look at the 3-year chart
Absolutely agree Flutt..
I got some at EOD since it closed at HOD and I expect a gap tomorrow morning.
Still runing in the AH. My plan is to sell at the open.
My theory is the 3 day run pattern. If this stock follows that plan it will have a big gap in the morning and either selloff or close as a doji which will start a reversal.
In any case, I would love to short this one but I also have Ameritrade and couldn't short a lot of stock I wanted.
This one has been great but it may be finished as this price is silly. But like CHNR who can say...
As of today IB had stock available for shorting but by tomorrow they may not so in one account I shorted what I had long in the other so will be flat regardless of what happens but this way I have a short position as so many times I cannot get stock to short once every one piles on.
The co CEO of CTDC is Aaron Zhu and I used to speak with him when he was CFO at CTGLF so this is why I had been paying attention to this stock but never expected a move from 2 to 12...amazing.
I wrote to CTGLF to ask them to get off their buts and do some promotion as they are a profitable software company in China and Hong Kong also so could easily have big gains if they only were known. This is a special time for China stocks that happens not to often so enjoy it while it lasts.
CXTI CHDX and CNTF are some onther China plays I am holding
CTDC over $14 in AH!! This is a gapper tomorrow morning for sure.
Me happy!
P.S. Still think this is way overbought and looking to take a short position soon.
As lucky as I am Ameritrade will not have shares available.
Yea, I can't get Ameritrade to let me short this thing either. :'(
Check out CAAS for another china stock that has gone up way too fast.
stock halted! hope you got your short shares :)
I was wondering why it was showing 0's on the bid and ask. Do you know why it is halted? Is it the inexplicable fast run? ???
T.12 - Halt - Additional Information Requested by NASDAQ
Trading is halted pending receipt of additional information requested by NASDAQ
Garbage company, huge run. See CAFE last year.
I am not showing it halted. I covered at close. But just put in an order to check and it does not show up.
Well maybe SEC halted it but if they do it it is usually a few days later. They often investigate unusual trading and this one of a company with no profit going up 650% in a few days is a sure candidate for a check.
Anyway today was very nice trade. The littel CTGLF I mentioned yesterday moved today on good volume. CHNR was a nice short. Wanted to play CESV but it never set up. Other China plays include NINE JRJC CHINA CHMS CHDX CAAS CXTI CLWT CNTF CBA...
Super year for stocks so far but how long can this last... amazing
it is most definitely halted. I'm surprised it didn't happen yesterday.
http://nasdaqtrader.com/asp/TradeHaltShowPage.asp
I must have the worse timing imaginable! I bought 1000 shares with 30 sec left before the close, figuring shorts covered for the next leg up. Three news wires say it was halted because of the insane % rise, but this one says it was for its 20% fall in the afternoon:
http://biz.yahoo.com/ap/060203/nasdaq_china_technology_halted.html?.v=1
I got caught holding 1/4th of my CAFE last year, too. But made some nice coinage before it happened. I think China has only begun to bubble though, leading up to the spending craze that will happen for the Olympics. Ultimately, this is a buy and hold-on situation, there will be a lot of shaking out along the way.
tommyt
I have no idea why fundamentally this would be a buy here. They are just a start up so the price is at ridiculous levels IMO. Aaron Zhu the co- CEO is a good guy and he was director at Dichain Holdings and CFO of CTGLF. When he left he decided to do a similar thing with the now CTDC. They have ideas but this is early.
This kind of halt happens many times when runs on high volume like this happen. I used to own a search engine company INTA and vol normally was a few thousand shares and on some days I was the only buyer. They changed their name and got some attention then when it was at around $5 it quickly shot to 17 and they were halted for investigation. That stock is MAMA now. I never shorted that one but remembered it well and did short this one though covered at close Friday in case they came out with any fluff news Monday.
I do have CTGLF for long term as they are making a profit and have ties to the China Merchants Group.
I will play CTDC again for a swing long and short but have no idea why it should be above a speculative $3 except for the current high trading interest in China based stocks.
Resuming in a few minutes. It will be very interesting.
T.3 Halt - Resumption Times
The news has been fully disseminated through a Regulation FD compliant method(s); or NASDAQ has determined either that system misuse or malfunction that caused extraordinary market activity will no longer have a material effect on the market for the security or that system misuse or malfunction is not the cause of the extraordinary market activity; or NASDAQ has determined the conditions which led to a halt in an Exchange-Traded Fund are no longer present. Two times will be displayed: (1) the time when market participants can enter quotations, followed by (2) the time the security will be released for trading. All trade halt and resumption times will be posted in HH:MM:SS format.
02/06/2006 20:48 PST
The most important part of CTDC business are the following:
http://www.chinactdc.com/business/info_profile.htm
The following message are very important.
A broker just told me about the potential of CTDC. As google moves into China, the internet traffic has been exploded. Security becomes a major issue. The chinese wants to invest on their own security company instead of buying Cisco security. Network security becomes a major issue in China..... If Juniper can pay $4B for Netscreen. with 6B people, I said this is another Google...
http://quote.barchart.com/texpert.asp?sym=CTDC
GL
"A broker" ?
Cannot believe any broker knows anything about a company with no business yet.
They all have plans but not many have real business.
Aaron Zhu who is the one of the two CEOs of CTDC used to be the CFO of CTGLF. At that time CTGLF lost $4 million. Last year CTGLF made a profit on real sales. It is still a small company with about 90 employees but is doing business. Aaron is trying to copy the model but no business success as yet.
I would stay away from any broker who is pushing a stock like CTDC that has no sales history and is only so far an idea to sell third party software and maybe hardware.
Look at CXTI - they received about $85 million in government IT contracts in China last year and is a real company that is likely to earn about $0.35 this year so is trading at about a PE of 7 and has a backlog until 2008 with good prospects. If a broker were talking of that one it is understandable as it has a record.
Here is the CXTI chart
http://tinyurl.com/cwcmd
and while at it - here is a CTGLF chart as it just again went above the 200-day and at a bo point for the next week or so.
http://tinyurl.com/9j8q9
02/07/2006 5:48 PST
CTDC premarket up 8% , volume 37k.
02/072006 6:00 PST
CTDC premarket up 16% volume 100k.
I was short last week as stock was available at the broker IB which is not usual for movers like this. Tried to short in pre and none available or likely on the restricted list. So that may be a reason for the bigger upside is many can no longer short
Be careful with this one, with the less than 1 mil. float it can go either way in a hury. I might play it as a daytrade. Good Luck.
02/07/2006 9:36 PST
In @ 6.85 out @ 9.80 . not bad.
GL
02/07/2006 13:43 PST
What a ride CTDC today! Total gain 45% ;D
Ater market up another 1.43%
http://quote.barchart.com/texpert.asp?sym=CTDC
GL
02/08/2006 6:12 PST
Congts Who ever bought CTDC yesterday and still holding, lets pick up some easy money !
in @9.60 aftermarket yesterday.
GL
Quote from: cc1120 on February 07, 2006, 12:37:48 PM
02/07/2006 9:36 PST
In @ 6.85 out @ 9.80 . not bad.
GL
Applaud your great trade, good luck on your re-entry.Too risky for me now.
02/08/2006 9:38 PST
Out @ 11.55 another 20% gain. in two days only, got some easy money from CTDC total about 38k ;D ;D This is the bigest gain for me in 2006.
That's it , won't touch CTDC again !
GL.
cc
Does this chart look appealing?
http://moneycentral.msn.com/investor/research/profile.asp?Symbol=CTDC
And the last paragraph will tell you why it might be worth a look:
http://www.chinactdc.com/about/strategy.htm
Opinions welcome.
02/09/2006 5:55 PST
CTDC in play premarket up 4%.
http://finance.yahoo.com/q/ecn?s=CTDC
GL
cc
02/09/2006 5:09 PST
CTDC premarket up 10%
cc
Anyone playing this today ?? ;D
02/09/2006 10:21 PST
What a shake this morning ! That is real for shake out ,fake out and break out.
CTDC resistance @ 13.21 pivot @ 11.03
http://quote.barchart.com/texpert.asp?sym=CTDC
GL
cc
I did not trade it today - saw it run up a buck in pre but like to be able to play them both ways and cannot short this one as it is on SHO list or not available any more.
I know it is just trading but have no idea how it stays up above $2 - maybe something in the works but I see no business yet. Very strange.
Been however playing many of the Chinese stocks and they have been very good this year
This stock already has several threads - check before posting is better
http://www.3stocksonfire.org/trading/index.php?topic=4520.0
This says it all for me. Taking any short shares i can find.
http://www.stocklemon.com/02_09_06.html
02/11/2006 11:28 PST
Good link for CTDC , once it rebounce to $10.00 level , don't touch it again. I took a small loss of about 5% on Friday. CTDC brought be about 34k profit last week ;D ;D That is the bigest gain for me in a week.
CYD in play next week , in @ 8.84 hopefully it will flying next week.
buyhigh's target $16.00
http://buyhigh.net/
GL
cc
Another bounce UP today ! ;D
Symmetrical triangle formation - take the trade in whatever direction is moves....
I STRONGLY suspect this will only be further dumped!
Unfortunately there are 3 threads on CTDC... if you like volotility hear you have it. Anyone have any thoughts on where it may go. It is trying hard to cross Terliso's 3 magics on a closeing price... It seems to me with recent volme we may get a spike back to $7-10 range. I am long on this one...
Cheers joe
Howdie
(Ramsburg if you read this could you merge the 3 CTDC threads, I chose to post on this one because the thread title is Neutral, however the one "spike to $10 may be more apropriate ;)
Does anyone else see it? I see a G pattern here starting with the 3M spike on sept 23, it settled to 1/2 that tall white candle and today we closed just about the G break point! If we get some volume and it breaks 5.17 we could see a nice run. this is a Low floater, so when it runs it can be quick.
I am a bag holder on this one, already averaged down so i am following it. thoughts anyone?
Cheers Joe
GREAT DAY SO FAR !! SOME NEWS !!
China Technology Development Group Corporation Financial Results Announcement for the Six Months Ended June 30, 2006 (Unaudited)
Friday October 6, 9:30 am ET
HONG KONG, Oct. 6 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC - News; collectively, the "Company", "We", "us", or "our") announced today its unaudited consolidated financial results for the six month period ended June 30, 2006.
ADVERTISEMENT
Our revenues increased by US$165,000, or 39.66%, from US$416,000 in the six months ended June 30, 2005 (the "2005 Period") to US$581,000 in the the six months ended June 30, 2006 (the "2006 Period"). The nutraceutical business acquired in 2005 contributed a total revenue of US$203,000 in the 2006 Period. Excluding this, the revenues of our IT operations slightly decreased by US$38,000, or 9.13% from US$416,000 in the 2005 Period to US$378,000 in the 2006 Period.
Our total cost of sales increased by US$96,000, or 45.5%, from US$211,000 in the 2005 Period to US$307,000 in the 2006 Period. The cost of sales of our nutraceutical business in the 2006 Period was US$150,000. Excluding this, the cost of sales of our IT operations in the 2006 Period amounted to US$157,000, which represented a decrease of US$54,000, or 25.59%, from US$211,000 in the 2005 Period. The decrease was due primarily to an increase in the proportion of sales of our self-developed products, the costs of which are lower than the cost of products purchased from other suppliers due to the increased control we have with respect to the cost of the materials utilized to produce such products.
As a result, our gross profit in the 2006 Period amounted to US$274,000, which increased by US$69,000, or 33.66%, from US$205,000 in the 2005 Period. The gross profit of our nutraceutical business in the 2006 Period amounted to US$53,000. Excluding this, the gross profit of our IT operations in the 2006 Period amounted to US$221,000, which represented an increase of US$16,000, or 7.8% from US$205,000 in the 2005 Period. As a percentage of sales, the gross profit margin of our IT operations increased by 9.19%, from 49.28% in the 2005 Period to 58.47% in the 2006 Period.
Selling, general and administrative expenses ("SG&A expenses") increased by US$627,000, or 125.9%, from US$498,000 in the 2005 Period to US$1,125,000 in the 2006 Period. SG&A of our nutraceutical operations in the 2006 Period amounted to US$308,000 which mainly included amortization and depreciation charges of approximately US$158,300 for the 2006 Period. Excluding this, the SG&A expenses of our IT operations and corporate office increased by US$319,000, or 64.06%, from US$498,000 of the 2005 Period to US$817,000 of the 2006 Period.
The significant increase in the SG&A expense was due to the following factors:
(1) SG&A expenses of our IT operations increased by US$56,000
or 15.56%, from US$360,000 in the 2005 Period to
US$416,000 in the 2006 Period, due primarily to additional
technicians that were recruited by us to develop new
products;
(2) SG&A expenses of our corporate office increased by
US$263,000, or 190.58%, from US$138,000 in the 2005 Period to
US$401,000 in the 2006 Period. The significant increase
was due primarily to an increase in staff costs and rental
expenses as a result of the expansion of our corporate office
beginning in May 2005.
As of June 30, 2006, we had a cash balance of US$878,000. The Company also maintained a deposit of US$783,000 with China Biotech Holdings Limited, a related company, for the purpose of financing potential investments in nutraceutical entities in China. We also had available cash equivalents of $273,000 in the form of accounts receivables due from Beijing Holdings Limited, our principal stockholder, which amounts represented the proceeds receivable from Beijing Holdings Limited in respect of the sale of available- for-sales securities owned by us to Beijing Holdings Limited.
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
For the periods ended June 30, 2005 and 2006
June, 30 June 30,
2005 2006
US$(Note (1)) US$(Note (1))
Continuing operations:
Revenues 416 581
Cost of sales (211) (307)
Gross Profit 205 274
Selling, general and administrative expenses (498) (1,125)
Operating loss (293) (851)
Interest income -- 5
Non-operating income 39 76
Non-operating expenses -- (35)
Loss before income tax provision (254) (805)
Income taxes provision -- (1)
Loss from continuing operations before
minority interests (254) (806)
Minority interest-continuing operations -- 70
Loss from continuing operations (254) (736)
Discontinued operations:
Loss from discontinued operations including
loss on disposal of US$63 on March 31, 2005 (36) --
Net loss for the period (290) (736)
Loss per share
-Basic and dilutive (0.04) (0.07)
Loss per share from continuing operations
-Basic and dilutive (0.03) (0.07)
Income/(loss) per share from discontinued
operations
-Basic and dilutive (0.01) --
Weighted average ordinary shares
-Basic and dilutive 6,894 11,275
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
at December 31, 2005 and June 30,2006
December 31, June 30,
2005 2006
US$(Note (1)) US$(Note (1))
ASSETS
CURRENT ASSETS
Cash and cash equivalents 2,292 878
Short-term investments-security trust
account 14 1
Available-for-sale securities 46 55
Trade accounts receivable, net 99 92
Inventories 323 380
Value added tax and business tax
recoverable -- 13
Due from related parties 1,057 1,106
Prepayment for investment in subsidiary -- 75
Other assets 183 148
TOTAL CURRENT ASSETS 4,014 2,748
Long-term prepayment for rental of land 66 65
Property, plant and equipment, net 1,147 1,058
Intangible asset 818 737
Goodwill 8,697 8,697
TOTAL ASSETS 14,742 13,305
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Trade accounts payable 72 72
Accrued professional fees 484 313
Income tax payable 31 30
Value added tax and business tax payable 5 --
Deferred government grants 29 12
Due to a related party 446 62
Short term borrowings 111 71
Deferred tax liabilities 62 62
Other liabilities and accrued expenses 465 460
TOTAL CURRENT LIABILITIES 1,705 1,082
Minority interests 690 619
SHAREHOLDERS' EQUITY
Common stock, US$0.01 par value; 2,500,000,000 shares
authorised;
shares issued and outstanding 11,274,497
in 2005 and 2006) 114 114
Additional paid-in capital 33,765 33,765
Accumulated deficit (21,412) (22,148)
Accumulated other comprehensive losses (120) (127)
TOTAL SHAREHOLDERS' EQUITY 12,347 11,604
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,742 13,305
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amount in thousands)
For the periods ended June 30, 2005 and 2006
2005 2006
US$(Note (1)) US$(Note (1))
Cash flows from operating activities
Net loss (331) (736)
Adjustments to reconcile net loss to net
cash used in operating activities
Minority interests in loss of consolidated
subsidiaries -- (71)
Amortization of intangible asset, goodwill
and software development costs -- 81
Amortization of long-term prepayment for
rental of land -- 1
Depreciation 6 95
Dividend income -- (1)
Unrealised loss on trading securities 41 --
Gain on disposal of available-for-sale
securities (2) --
Loss on disposal of discontinued
operations 63 --
Changes in assets and liabilities:
Decrease in trade accounts receivable 69 7
Increase in inventories (8) (57)
(Increase)/decrease in due from related
parties and other assets 8 (14)
Decrease in trade accounts payable, amount
due to a related party and other current
liabilities (156) (577)
Decrease in income tax payable (2) (19)
Net cash used in operating activities (312) (1,291)
Cash flows from investing activities
Security trust account 1,929 13
Dividend income -- 1
Decrease in funds held by related parties
for security investment purposes 1,034 --
Net cash and cash equivalents disposal of
upon disposal of discontinued operations (44) --
Proceeds from disposal of
available-for-sale securities 222 --
Prepayment for investment in subsidiary -- (75)
Purchase of property, plant and equipment -- (6)
Proceed on disposal of fixed assets (6) --
Net cash provided by investing activities 3,135 (67)
Cash flows from financing activities
Repayment of short term borrowings -- (40)
Net cash used in financing activities -- (40)
Effect of exchange rate changes on cash and
cash equivalents 1 (16)
Net increase/ (decrease) in cash and cash
equivalents 2,824 (1,414)
Cash and cash equivalents at beginning of
period 657 2,292
Cash and cash equivalents at end of period 3,481 878
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(Amounts in thousands)
at June 30, 2005, December 31, 2005 and June 30, 2006
Stock
No. of Options
shares Equity Granted
US$(Note (1)) US$(Note (1))
Balance at June 30, 2005 6,894,497 23,483 --
Issue of shares 4,380,000 9,998 --
Stock options granted -- 398
Net loss -- --
Net unrealized gain on
available-for-sale
securities -- --
Less: Reclassification
adjustment for loss
realized on sale -- --
Translation adjustment -- --
Total comprehensive loss for the
year
Balance at December 31, 2005 11,274,497 33,481 398
Net loss -- --
Net unrealized gain on
available-for-sale securities -- --
Translation adjustment -- --
Total comprehensive loss for the
year
Balance at June 30, 2006 11,274,497 33,481 398
Accumulated
other Total
Accumulated comprehensive shareholders'
losses losses equity
US$(Note (1)) US$(Note (1)) US$(Note (1))
Balance at June 30, 2005 (19,259) (444) 3,780
Issue of shares -- -- 9,998
Stock options granted -- -- 398
Net loss (2,153) - (2,153)
Net unrealized gain on
available-for-sale securities -- 23 23
Less: Reclassification
adjustment for loss
realized on sale -- 362 362
Translation adjustment -- (61) (61)
Total comprehensive loss for
the year 324
Balance at December 31, 2005 (21,412) (120) 12,347
Net loss (736) (736)
--
Net unrealized gain on
available-for-sale securities -- 9 9
Translation adjustment -- (16) (16)
Total comprehensive loss for
the year (7)
Balance at June 30, 2006 (22,148) (127) 11,604
Note (1): The functional currency of the Company is Renminbi ("Rmb"),
the lawful currency of the People's Republic of China. For the
convenience of the reader, translation of amounts from Renminbi
into United States Dollars ("US$") has been made at the noon
buying rate in New York City for cable transfer in foreign
currencies as certified for customs purposes by the Federal
Reserve Bank of New York City on June 30, 2006 of Rmb 7.9943 =
US$1.00 for the operating results of periods ended June 30, 2005
and 2006 and for the financial position as of December 31, 2005
and June 30, 2006. No representation is made that the Renminbi
amounts could have been, or could be, converted into United
States Dollars at that rate or at any other certain rate.
Note (2): Our results for the 2006 Period included the results of our IT
operations and nutraceutical operations (acquired in 2005), as
compared to solely the IT operations was included in the 2005
Period.
I have bought CTDC today (large amount).
Trust me or not but in 2 months I will sell it for $10. I can not say more. China region is in the scope of hedge funds managers.Therefore my advice is strong buy if you dont want to miss the next rallye.
Quote from: vlada on October 07, 2006, 11:34:28 AM
I have bought CTDC today (large amount).
Trust me or not but in 2 months I will sell it for $10. I can not say more. China region is in the scope of hedge funds managers.Therefore my advice is strong buy if you dont want to miss the next rallye.
I will be joining with you guys on monday ;) around $9 bucks in play....
China Technology Development Group Volume Spikes After Reporting 40 Percent Rise in Revenue. China Technology Development Group Corp., a Hong Kong-based provider of network security products and services, saw volume rise after reporting a 40 percent rise in revenue for the first half of the year, boosted by the acquisition of a nutraceutical business. But the company said its loss widened from hefty expenses to pay for expansion. Volume rose to around 2.8 million shares, compared to average volume of 393,636 shares. Shares rose $1.05, or 20 percent, to $6.40.
CTDC2
Looking GOOD ! TERLISO, are you in this ?? :D
Quote from: REALDEALS21 on October 09, 2006, 10:32:01 AM
Looking GOOD ! TERLISO, are you in this ?? :D
I got in @ market open ;)
good for you Terliso..if you are holding it. ;)
Smoking today !
Update: closed now above $7.00 ;)
got stop out @ 6.30 ---> loss $20.00 commission >:(
Hey guys, no one following this 1 anymore ?? EXPLOSIVE !!!!!! ;D OF COURSE NO NEWS !
My analysis was correct but I got stop out from this trade.... argggg you devil !! >:( :(
Im suprised to see ctdc down today when china is up so much. ctdc usualy flys when china is up. Any thoughts?
Well it was down, I guess that wasa delayed reaction. ??? :o
Any body still in this? I just bought some at 7.80. With less then 1 million float it realy moves fast.
Gotta love this chart. China stock and now a solar stock >:D
China Technology Announces Proposed Acquisition of All Solar Energy Related Assets of a Leading Solar Products Provider
Monday September 17, 7:30 am ET
HONG KONG, Sept. 17 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") today announced the proposed acquisition of all solar energy assets and business of Shenzhen Soyin Electrical Appliance Industrial Co., Ltd. ("Soyin").
ADVERTISEMENT
The Company expects to contribute US$5.8 million (RMB43, 800,000) in cash consideration to a new joint venture, Shenzhen Shengguang New Energy Technology Co., Ltd. (the "JV Company"), pursuant to the joint venture agreement signed by the Company and Soyin on September 14, 2007. The Company will be the largest shareholder of the JV Company, holding a 49% ownership interest. All of Soyin's existing solar energy business will be solely operated by the JV Company upon completion of its establishment. In addition, the board of directors of the JV Company will consist of five directors and three of them will be appointed by the Company.
Soyin, founded in 1998, is a leading Photovoltaic (PV) application product provider in China. Soyin's major customers are from overseas which include Atico (one of the largest trading companies in U.S.), Test Rite Group (top 3 trading companies in Taiwan) and Axone (top trading company in France), etc.
Mr. Alan Li, Chairman and Chief Executive Officer of the Company, commented, "This acquisition of the solar energy business presents a significant opportunity to accelerate the expansion and growth of the Company's business portfolio in the solar energy market. We are committed to growing our business both through organic growth and strategic acquisitions."
Mr. Zhenwei Lu, General Manager of China Merchants Technology Holdings Co., Ltd., stated, "With strong government endorsement and abundant resources from China Merchants Group, the largest shareholder of CTDC, this acquisition represents a significant step in CTDC's strategy to invest in the solar energy business. We believe it's a natural fit for CTDC to further invest in the downstream application sector and are fully supportive of its business expansion."
About CTDC:
Earnings and this.
:42AM China Technology Devlpmt issues 1H press release with previously reported results (CTDC) 8.36 : In addition to the previously reported 1H results, CEO commented, "The Company's interim results for the six months ended 30 June 2007 has been a good progress despite some keen competition in the existing businesses. We planned to focus on the new venture plans in the renewable energy business to pave the way for the Company's longer-term growth and expansion. We firmly trust the investments will increase the shareholder values and tie in with our business development plans." See Friday's 7:59 comment for the original 1H earnings report.
-----------------------------------
Up 28% P.M.
Up 40%
I've played this one a couple of time...as it stands...I should have just bought and held all the way from the 4s. ::)
Anyway...after the strong earnings announcement...I bought some back this morning. The chart is obviously "hot" and from my observations...this low float stock will end up near the high of the day. ;D
Quote from: kslifka on October 08, 2007, 02:07:14 PM
I've played this one a couple of time...as it stands...I should have just bought and held all the way from the 4s. ::)
Anyway...after the strong earnings announcement...I bought some back this morning. The chart is obviously "hot" and from my observations...this low float stock will end up near the high of the day. ;D
I bought $10.20, sold 11.80.
Quote from: BigSully1 on October 08, 2007, 02:16:48 PM
Quote from: kslifka on October 08, 2007, 02:07:14 PM
I've played this one a couple of time...as it stands...I should have just bought and held all the way from the 4s. ::)
Anyway...after the strong earnings announcement...I bought some back this morning. The chart is obviously "hot" and from my observations...this low float stock will end up near the high of the day. ;D
I bought $10.20, sold 11.80.
Very nice BigSully....I was going to after the double intra-day top...but decided to hold ::)
Ended up with the dreaded black candle...but I'm pretty sure CTDC will have another run in the not to distant future....but probably not tomorrow. ::)
Quote from: kslifka on October 08, 2007, 04:13:26 PM
Quote from: BigSully1 on October 08, 2007, 02:16:48 PM
Quote from: kslifka on October 08, 2007, 02:07:14 PM
I've played this one a couple of time...as it stands...I should have just bought and held all the way from the 4s. ::)
Anyway...after the strong earnings announcement...I bought some back this morning. The chart is obviously "hot" and from my observations...this low float stock will end up near the high of the day. ;D
I bought $10.20, sold 11.80.
Very nice BigSully....I was going to after the double intra-day top...but decided to hold ::)
Ended up with the dreaded black candle...but I'm pretty sure CTDC will have another run in the not to distant future....but probably not tomorrow. ::)
Thanks kslifka. Nice call on GRRF yesterday.
Another solar play BREAKING OUT !! ;D :o
CTDC...I love this chart...but be careful...has very small float and CTDC can take wild swings. ;)
I like the volume on the run up last week though.
China Technology Development Group Corp. (NasdaqCM:CTDC - News) is jumping more than 17.20% despite no significant news.
52wk Range: 2.60 - 11.98
Volume: 882,660
Avg Vol (3m): 194,978
Technicals
Percentage Gainer
Last Price Quote is:
18.96%above 13-day MA
15.52%above 50-day MA
RS Rating: 8
Fundamentals
Key Data:
Market Cap (M): $69.28
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
"CTDC" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;)
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
volume picked up yesterday on a 17.8% gain...
im thinking another spike in 2-3 weeks
First mentioned in a JLM report - their source as below (converted to english through google) - Qinghai website only released the news in Chinese - some people picked up on it yesterday, but obviously this is still unknown in general - seems this could be a 2-3 bagger the way it trades historically and the significance of the apparent news. All based on if the company comes out with PR though - otherwise, expect speculation pops like you see yesterday and slides back.
http://www.qhsolar.com/shownews.asp?id=318
China's largest solar power station and network set up in Qaidam Basin in Qinghai
The morning of December 27, Qinghai Haixi Mongolian-Tibetan Autonomous Prefecture People's Government and the China Science and Technology Development Group Co., Qinghai New Energy (Group) Co. Ltd. in Qinghai Yinlong hotel signed a Qaidam Basin GW-class large-scale solar power stations and network co-operation agreement书. Qinghai Provincial Party Standing Committee, Provincial Minister of the United Front Work Department Dorje hot Dan, vice governor, mayor of骆玉林Xining, as well as the United Front Work Department of Qinghai provincial government, the provincial Science and Technology Agency, the Provincial Federation of Industry and Commerce, Provincial Department of Construction, the leadership of other departments attended the signing ceremony.
The total installed capacity of power plants 1GW, pioneered in the domestic use of non-silicon thin film, crystalline silicon photovoltaic cells mixed square. Signed on the 27th of the proposed grid 30MG solar power station project is the first phase of the overall plan for the content of cooperation, the amount of investment of about 10 billion yuan, will start the construction of 09 years. Upon completion, Chaidamu solar power station will be currently the largest photovoltaic power station grid.
Signing ceremony, Deputy骆玉林governor pointed out: GW-level photovoltaic grid-connected power stations set up pilot Chaidamu economic zones, to take full advantage of the Qaidam Basin of solar energy resources and desertification, as well as in Qinghai Province led photovoltaic industry links the development of Qinghai Province into large-scale photovoltaic industry, the industrialization of the operation of the track of both the importance of our province photovoltaic industry is an important milestone in stride forward.
Qinghai New Energy (Holdings) Limited, chairman of Zhang Zhi-min on behalf of investors, speaking at the ceremony, he said: China Technology Development Group is the first in the U.S. Nasdaq-listed Chinese enterprises, with the global PV industry, sophisticated technology, Qinghai New Energy Group, as a leader in photovoltaic industry in Qinghai Province and the province's new energy industry's leading enterprises with the China Science and Technology Development Group cooperation, strong combination will surely achieve better advantage of resources complement each other and cooperate to maximize the effect, photovoltaic industry to promote our province as quickly as possible to flourish.
http://www.jlmpacificepoch.com/newsstories?id=138541_0_5_0_M
cwiswee , Applaud for the heads-up(alert). ;D
Now she is moving(price) with the volume!
Volume Don't lie... ;)
52wk Range: 1.12 - 9.16
Volume: 1,140,027
Avg Vol (3m): 84,332.8
Technicals
Percentage Gainer
Last Price Quote is:
89.34%above 13-day MA
87.54%above 50-day MA
RS Rating: 93
Fundamentals
Key Data:
Market Cap (M): $38.22
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
TEMPE, Ariz., Jan 05, 2009 (BUSINESS WIRE) -- Evolution Solar Corporation (Pink Sheets: EVSO) announced today that solar stocks rallied on news of what is expected to become the largest on-grid solar power station in China. Shares of China Technology Development Group Corp. (CTDC, Trade) rose as much as 39% Friday after the company announced it signed an agreement with another China based solar-power company, Qinghai New Energy Group Co., to build a new 30 MW solar-power station.
"Evolution Solar Corporation's Xiemen Group has been very successful in sourcing every aspect of solar not only in China but throughout Asia to include Solar Panels, cells, wafers, ingots, racking/tracking equipment, inverters, and silicon. Our office in Shanghai continues to focus on solar hot water heaters and wind turbines and their components. We are also working very hard to introduce our solar air conditioning unit to the U.S. market in the first quarter of 2009," stated Michael Franklin, director of Asian Operations.
The rally in solar stocks extended across the entire solar industry. First Solar (FSLR, Trade), the largest manufacturer of thin film, saw its stock rise $13.54 per share, U.S. solar equipment maker GT Solar Int. (SOLR, Trade) was up 24.6%, U.S. cell maker SunPower Corp. (SPWRA, Trade) was up 12.8%, and Chinese solar cell maker JA Solar Holdings Co. Ltd. (JASO, Trade) closed up 12.6%
About Evolution Solar Corporation
Evolution Solar Corporation (EVSO, Trade) commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at: http://www.evolutionsolar.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
SOURCE: Evolution Solar Corporation
Evolution Solar Corp.
Robert Kaapke, CEO
480-366-5836
[email protected] Copyright Business Wire 2009
Nice and important step!After keeping calm for months, CTDC to Acquire Majority Interest in On-Grid Solar Power Station Business,since then,It has became an integrated solar company with strong capabilities in designing, building and operating solar power plants.
This baby big move these days.May run to new high with the big news.
See the news:
http://finance.yahoo.com/news/CTDC-to-Acquire-Majority-pz-888931004.html?x=0&.v=1