Well my first pick .. Tell me what you think? I know a little low on volume but its getting big.
man thats a great first pick..look at that move! (applaud)
good pick, but a question from their latest earnings, there was a part that says
RISK FACTORS
Risks associated with our Common Stock
There is a limited public market for our common stock. There is currently a limited public market for the common stock. Holders of our common stock may, therefore, have difficulty selling their common stock, should they decide to do so. In addition, there can be no assurances that such markets will continue or that any shares of common stock, which may be purchased may be sold without incurring a loss. Any such market price of the common stock may not necessarily bear any relationship to our book value, assets, past operating results, financial condition or any other established criteria of value, and may not be indicative of the market price for the common stock in the future. Further, the market price for the common stock may be volatile depending on a number of factors, including business performance, industry dynamics, news announcements or changes in general economic conditions.
does this mean when buying and selling there can be a liquidity problem?
If you look at the yearly chart there seems to be almost no volume for quite some time. This does not seem to have been an issue for this move, imo, because of the steady volume. I don't believe there will be any liquidity issues going on but originally why I didn't look at this stock was because of the low volume. I am not considering it for a play now...although it seems to have power.
Just bought this at 1.76..closed at HOD at 1.81. This could gap.
looking at the RSI levels, I'd guess this is most likely gonna pullback (looking purely at he chart you posted). Also, it seeme to be running 4 days in a row from 0.75, makes it a good candidate for a pullback.
nevertheless, my best guess is this might make a run for 2.00 before pulling back. watch out for that.
somethings definately going on..in this one. I think its a good buy with that increasing volume. It has risen 300% this month and people still seem to not be able to get enough and so it may need to gap to relieve the pressure. 8)
there is some more about this one in the stock talking board, if yo are interested J.B.
Thanks Elite, I didn't even know that post was there. I especially liked it because volume increased at the close and the close was its HOD. This looks like a good sign for the next trading day.
about 2 yrs back that was how I traded, period. I would buy end of day hot stocks finishing at the high with high volume. Sell them on the first sign of weakness. I now recommend an immediate half-sell on a good gap up. This was big money maker for me ;)
Quote from: vic666 on July 01, 2005, 04:07:54 PM
looking at the RSI levels, I'd guess this is most likely gonna pullback
you gotta remember that the RSI indicator is an oscillator which gives pretty accurate results while trading in a range. But during a trend move RSI, STO, CCI, combos of those can stay overbought or oversold for quite some time. In fact it should almost be a requirement of a breakout stock. Shows a lot of passion for the move. But dont take my word for it. Look at stocks that show a strong trend. Their RSI stays above 80. Thats what I've noticed;)
thanks for pointing that out Elite...I'm learning to play more and more as per chart patterns, and have learnt well...but there can never be enough to learn nor can ther be a dearth of surprises when it comes to trading stocks per patterns.
i'll keep ur point in mind when I do my next analysis...adios!
Having a peak at recent downtrend breakout. Last time this got momo it ran $0.75 to $1.87, this is another China related play as was NWD yesterday. I'm taking a position in this on Thursday and am looking for it to move through 200ema resistance, my target will be above the $1.87 previous high, support around $0.75.
Hey Aussie, Good analysis and thanks for bringing it up. Have played it before for profit. With you on this onre today.
BTW: Do you trade for living? I am trying with little success. Need help from the pros.
P
Stock to buy at 0.450
Stop at 0.375
Target at 0.751
good news :
Yesterday after the stock markets closed, the company, one of the fastest growing battery components manufacturers in China, issued a press release announcing that it has entered into a product test agreement with one of the United States' leading computer retailers and resellers of technology products and services.
The news of the product test agreement should get the attention of investors, as Yi Bo Sun, China Digital's Chairman and Chief Executive Officer, stated, "This agreement marks a milestone achievement in distributing our lithium ion battery product line in the United States. Showcasing and marketing our products at these retail stores will result in mass exposure for our products. Our lithium ion batteries are initially being marketed for use in the iPod, a multifunction MP3 player."
Continue to watch this company! Pursuant to the agreement, the retailer will sell China Digital's lithium ion batteries in 20 of its retail stores nationwide, in addition to the retailer's e-commerce website. China Digital's batteries will be sold over a six-week test period beginning on November 1, 2005.
Investors should continue to monitor the progress of China Digital! Earlier this month, the company announced revenue and net income guidance for the third quarter of 2005. In that press release, the company projected revenues of approximately $3.3 million, up 232% compared to pro-forma unaudited revenues of $994,963 in the third quarter of 2004. The company also experienced accelerated demand from Chinese mobile-phone manufacturers for its aluminium battery shells (ABS) and cap product lines.
Technicals :
ascending triangle breakout ? For today ????
RSI and MACD turns
Good support at about 0.40
candelstick : White marabuzu
The news of the product test agreement should get the attention of investors, as Yi Bo Sun, China Digital's Chairman and Chief Executive Officer, stated, "This agreement marks a milestone achievement in distributing our lithium ion battery product line in the United States. Showcasing and marketing our products at these retail stores will result in mass exposure for our products. Our lithium ion batteries are initially being marketed for use in the iPod, a multifunction MP3 player."
Ascending triangle breakout...and GAP !
Signal : Bullish MACD Crossovers....
last news :
China Digital Communication Group Reports Strong Third Quarter Financial Results
-- Net Income Up 478% and Revenues Increase 242% Year-over-Year in Q3 2005 --
11/15/2005 8:01:21 AM
Hi,
CHID is the penny stock of the day...Cf.previous posts
news :
TwinTrader.com Announces the Initiation of Profile Coverage for China Digital Communication Group
12/7/2005 7:10:15 AM
DALLAS, Dec 7, 2005 (PRIMEZONE via COMTEX) -- Reggie Sanchez, President of TwinTrader.com, announced Profile Coverage of China Digital Communication Group (CHID). Functioning as one of China's foremost manufacturers of components for mobile phones and other electronic devices, China Digital Communication Group is positioned to become a leading competitor as the company expands into the global market.
Reggie Sanchez and Scott Sanchez each spoke of China Digital Communication Group:
Scott: "China Digital's blueprint is to make the company a telecom equipment producer, seller and distributor in both the Chinese and American markets."
Reggie: "With China becoming the world's manufacturing hub for cell phones and other digital mobile devices, CHID is well positioned for a global market reach for lithium-Ion batteries, an industry standard in today's digital world."
Scott: "Stout links to government buyers give CHID leverage which translates into supplying more world-wide companies in the short and long-term."
Reggie: "China Digital is now a presence in the mobile phone battery component market in China. Skyrocketing domestic and international demand for mobile digital products and power sources is the key for CHID's growth."
To view the Twin Trader profile for China Digital Communication Group, please visit: http://www.twintrader.com.
About China Digital Communication Group
China Digital Communication Group, through its Shenzhen E'Jenie subsidiary, is a rapidly growing manufacturer of battery shells and related technology for use in electronic products, primarily mobile phones. Since December 2003, the Company has adopted the approach of using licenses, joint ventures, mergers and acquisitions to bring battery and telecom equipment makers in China to markets overseas. The Company's products now power digital cameras, camera phones, PDAs and laptop computers in East Asia and beyond. China Digital is continuing its expansion across China, while also seeking distribution partners in the United States. For more information, visit www.chinadigitalgroup.com.
About TwinTrader.com
TwinTrader.com features the best of the small cap and microcap markets. In addition to "offensive play" and "defensive plays" for members, TwinTrader features Profiles of key companies. Reggie Sanchez and Scott Sanchez, the Twin Traders, give their take on each and every profiled company.
To feature your publicly traded company in our alerts, or to discuss our complete services, please contact Reggie Sanchez by telephone at (214) 227-7559 or by e-mail at
[email protected]. You may also contact Scott Sanchez by telephone at (214) 227-7560 or by e-mail at
[email protected].
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products, and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
Disclosure: TwinTrader LLC was compensated $4,000 for profile coverage. TwinTrader LLC are not registered investment advisers or broker/dealers. TwinTrader LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TwinTrader.com; China Digital Communication Group
China Digital Communication Group (OTCBB: CHID), is a U.S. (Nevada) corporation with its business headquarters in Shenzhen, one of China's key manufacturing centers. Its primary business is the manufacture of components for batteries used in mobile phones and other digital devices. The company has set a strategic goal of becoming the largest telecom-equipment producer, marketer and distributor in China, with a significant presence in the U.S. market as well.
CHID began in a December 2003 reverse merger with the Nevada-incorporated shell company Jasmine's Garden, which has discontinued a business of producing greeting cards and related products. The transaction was carried out by Cheering Limited, a British Virgin Islands investment holding company, which acquired about 95% of Jasmine's Gardens common stock, for $221,221 in cash. The Company was then re-named China Digital Communication Group and adopted its current business strategy of building a major China-based manufacturing business through acquisitions, joint ventures and other means.
The most significant step in that strategy came in November 2004, when CHID acquired Shenzhen E'Jenie Technology Development Ltd. and became one of the leading Chinese manufacturers of steel and aluminum battery shells.
"China Digital's blueprint is to make the company a telecom equipment producer, seller and distributor in both the Chinese and American markets."
E'Jenie has been profitable from its inception in 2002, and has consistently grown its revenues and earnings. While the Company is focused on increasing manufacturing capacity at E'Jenie to meet skyrocketing domestic demand, CHID is actively pursuing licenses, joint ventures, mergers and acquisitions, and strategic partnerships that link Chinese manufacturing companies with U.S. distribution networks to achieve greater profitability. Management announced it is on track to achieve $11.4 million in revenues and a net income of $2.6 million, both up 100% year-over-year, at year-end 2005.
With its strong fundamentals and solid prospects for growth, China Digital is a dynamic new issue to the U.S. stock market that is poised to rapidly build shareholder value.
"With China becoming the world's manufacturing hub for cell phones and other digital mobile devices, CHID is well positioned for a global market reach for lithium-Ion batteries, an industry standard in today's digital world."
Strongly Favorable Market
With China becoming the world's manufacturing hub for cell phones and other digital mobile devices, E'Jenie is strategically positioned to supply vast numbers of battery shells for lithium-ion batteries, an industry standard in today's digital world.
Large & Growing Cell Phone Market: China's domestic mobile phone battery market is expected to expand in 2005 to 570 million units, up from 450 million in 2003. The worldwide market for mobile phone batteries is projected to see a two-year rise to 2.52 billion from 2.16 billion units. Domestic battery sales in China are expected to rise to $2.1 billion in 2005, up from $264 million, or more than 14%, from 2004. China will experience a 50% increase in demand of the lithium ion batteries in 2005 (Source: China Statistics). E'Jenie now recognized as a leading provider of ABS shells for lithium ion batteries.
Not only are more Chinese consumers buying mobile phones, but current users are also constantly upgrading their equipment as rapid advances in technology bring about new cell phones which are eagerly accepted into the marketplace. This trend also opens up the market for rechargeable batteries, which is valued at $500 million and growing 20% annually. A mobile phone battery has a typical usage life of 300 to 500 recharges, which translates to a ratio of 1.8 batteries in service life of each phone (source: Chinese Statistics). Moreover, battery replacement demand grows faster than this when consumers turn in their phones for new models before the normal life of the battery is over. A short product life, combined with an accelerated product innovation cycle, have created rapid product turnover and tremendous, ongoing demand for battery shell makers such as China Digital
China's Move to Capitalism & the Appreciation of Chinese Currency: The Company is also poised to benefit from China's booming manufacturing sector. Makers of batteries and electronic products are direct customers for CHID's components, and their growth – fueled by exports as well as rising domestic demand – can translate into higher sales for CHID. China's entry into the World Trade Organization and the continued privatization of its industrial base will continue to fuel this expansion. State-owned enterprises are continually being reborn as private firms, creating demand for CHID to supply parts and materials to a new crop of manufacturers. In tandem with a move toward capitalism, the Chinese economy is benefiting from a stronger currency. Financial analysts predict the Yuan will continue to appreciate to a greater degree against U.S. currency. This trend favorably impacts the CHID's projected revenues and asset valuation.
Highlights
Market Expansion - China's telecom equipment market has doubled since 2000 and is estimated to grow 23% annually for the next five years.
Driving the Industry Standard - Wholly-owned subsidairy, Shenzhen E'Jenie Technology Development Co., Ltd. ("E'Jenie") is one of China's largest lithium ion battery shell producers. Lighter and more compact, lithium batteries are emerging as the new industry standard for mobile devices.
Manufacturing Capacity - E'Jenie owns a modern 65,000 sq. ft. manufacturing facility in the hub of industrial southern China that employs a 550-plus workforce and operates multiple product lines.
Profitable & Growing - Since its inception in 2002, E'Jenie has been profitable and expects continued earnings growth.
Experienced Leadership Team - Principals contribute direct and extensive experience in the Shenzhen high-technology sector.
Stock alert for CHID
http://www.wallstreetnewsalert.com/
http://www.backissuesofnewsalerts.us/CHID0105.html
China Digital Communication Group (OTCBB: CHID) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, one of the fastest growing battery components manufacturers in China, issued a press release announcing that its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Development Co., Ltd. ("E'Jenie"), has received a $2.5 million purchase order.
News of the purchase order should get the attention of investors! The order is from Shenzhen Yin Si Qi Electronic Co., Ltd. ("Yin Si Qi"), a subsidiary of HeNan Star Technology Stock Co., Ltd. ("HeNan"), which is the largest non-governmental and multi-industry high-tech group in the HeNan province of China.
Continue to watch this company! Yi Bo Sun, China Digital's Chairman and Chief Executive Officer, stated, "Yin Si Qi is an innovative company, responsible for creating patented, environmentally-friendly battery technologies that meet today's emerging global industry standards. Yin Si Qi has an excellent reputation and large production base in the Shenzhen Guangdong province in China. Purchases from Yin Si Qi include steel and aluminum shells and caps, and are valued to add $2.5 million to China Digital's revenues in 2006."
Investors should continue to monitor the progress of China Digital! Ming Li, Purchasing Manager of Yi Si Qi, stated, "We selected China Digital for their ability to meet our high standards of quality and product specifications. We are confident China Digital can meet our accelerated delivery schedules as we increase production of our battery lines."
How many times have you seen issues explode but you couldn't get your hands on them?
Here is a special company that may be set to make a move in the near future -- this could be your opportunity to be ahead of the curve!
What caused CHID to fall from $ 1.60 on the chart ?
Thank you for the input.
-Jeff-
The entire day was spent on CHID in order to catch up on the history.
Several calls were made. A new Investor Relations firm was hired that has more experience in getting the word out to investors. Below is the contact information for the new Investor Relations firm.
Peter H. Clark, VP Marketing
National Financial Communications Corp.
300 Chestnut St, Suite 200
Needham, MA 02492
781-444-6100 ext 629
781-444-6101 fax
508-633-3606 cell
website: www.nationalfc.com, www.otcfn.com, and www.nfnonline.com
email:
[email protected]Roy Teng is based out of the Los Angeles office. Roy is with the company and NOT the IR firm.
* Roy is who you want to call with any questions as he knows the company well
He was extremely receptive to the call and provided valuable insight.
Speaking with both IR and Roy confirmed the facts below.
May I suggest contacting Roy to gather more information than is provided below.
For further information, contact:
At the Company:
China Digital Communication Group
Roy Teng
310-461-1322
E-mail:
[email protected] http://www.chinadigitalgroup.com
Roy verified the following numbers:
SHARE STRUCTURE
AS 140 million
OS 54 million
Public Float 13 million
% held by insiders: 76%
Cash: $ 2,000,000
Long Term Debt: $0
CHID is Profitable and Growing Quickly
- Roy said the insiders are restricted and have not sold any shares. Roy stated the insiders feel the company is undervalued and want to hold all shares.
- No reverse split is ever discussed.
- The goal is AMEX for CHID and they feel great about being able to qualify moving forward.
- Roy said the anticipated acquisition would qualify them for the goal of AMEX this year.
- They currently account for 10 % of all Chinese business in this arena.
- Management expects the number to jump to 15-20 % this year.
- 100% of the revenue was China so the USA, middle east & others can exponentially grow the Revenues. Very exciting if they get the major USA retail account.
- Roy said they set up offices to the USA to penetrate the market and gain exposure to USA investors.
- They are in trials with a Major USA Retailer at this time, more news to come.
- They produce the case.
- Roy said they are looking at a major acquisition that can get them into producing more than just the casing. This may happen this year.
- It costs 8-10 cents per case and the Profit Margin is 20-21 %.
- With an acquisition, a battery would cost around $ 1 and Profit margin 15 %.
- They currently employ 591 people.
- Cost per employee per day is roughly $ 10.
- They have patents on the products. Roy said it would be hard for another company to penetrate their area as they have such a head start.
- The financing was originally with 7 investors, 30 million shares. No further financing is needed. They are debt free and solid moving forward with the cash.
- Roy expects a push to gain exposure for CHID near term.
- This will be huge for the share price if the above plan is executed.
* Please feel free to correct and/or add any information above.
The entire day was spent on CHID in order to catch up on the history.
Several calls were made. A new Investor Relations firm was hired that has more experience in getting the word out to investors.
Roy Teng is based out of the Los Angeles office. Roy is with the company and not the IR firm.
He was extremely receptive to the call and provided valuable insight.
Speaking with both IR and Roy confirmed the facts below.
May I suggest contacting Roy to gather more information than is provided below.
For further information, contact:
At the Company:
China Digital Communication Group
Roy Teng
310-461-1322
E-mail:
[email protected] http://www.chinadigitalgroup.com
Roy verified the following numbers:
SHARE STRUCTURE
AS 140 million
OS 54 million
Public Float 13 million
% held by insiders: 76%
Cash: $ 2,000,000
Long Term Debt: $0
CHID is Profitable and Growing Quickly
- Roy said the insiders are restricted and have not sold any shares. Roy stated the insiders feel the company is undervalued and want to hold all shares.
- No reverse split is ever discussed.
- The goal is AMEX for CHID and they feel great about being able to qualify moving forward.
- Roy said the anticipated acquisition would qualify them for the goal of AMEX this year.
- They currently account for 10 % of all Chinese business in this arena.
- Management expects the number to jump to 15-20 % this year.
- 100% of the revenue was China so the USA, middle east & others can exponentially grow the Revenues. Very exciting if they get the major USA retail account.
- Roy said they set up offices to the USA to penetrate the market and gain exposure to USA investors.
- They are in trials with a Major USA Retailer at this time, more news to come.
- They produce the case.
- Roy said they are looking at a major acquisition that can get them into producing more than just the casing. This may happen this year.
- It costs 8-10 cents per case and the Profit Margin is 20-21 %.
- With an acquisition, a battery would cost around $ 1 and Profit margin 15 %.
- They currently employ 591 people.
- Cost per employee per day is roughly $ 10.
- They have patents on the products. Roy said it would be hard for another company to penetrate their area as they have such a head start.
- The financing was originally with 7 investors, 30 million shares. No further financing is needed. They are debt free and solid moving forward with the cash.
- Roy expects a push to gain exposure for CHID near term.
- This will be huge for the share price if the above plan is executed.
* Please feel free to correct and/or add any information above.
Good Good ;D
Perfect Double bottom !
All informations are in the chart
yes go ahead pumping this all over the place!!! fill the gap
CHID is confusing.
Boatguy.
You are correct. The insiders would have to file for a sale as the shares are restricted.
A few concerns to bring to light.
- The 7 individuals that provided the financing:
A. How many shares do they have ?
B. Think they got in around 5 cents, 30 million shares, raising 1.5 million dollars
(this needs to be verified, but came in the notes with the Roy call)
C. Are these people selling as they are in the money ?
Another theory.
The volume is shares being transferred between accounts.
The shares have to hit the ticker, yet are being shifted around.
This was the theory of the past IR person (Zack) today in a call.
This would throw out TA research because the volume is deceiving.
But the main concern is the selling terms of the private investors.
Any thoughts ?
David,
I found out today from Roy that the 7 investors are Restricted from selling until March. They are free to sell the shares they got at 5 cents then. So how can the volume and descending trend be explained ? Still holding shares, but the entire trading pattern is a mystery to me. ???
Jeff
David,
I found out today from Roy that the 7 investors are Restricted from selling until March. They are free to sell the shares they got at 5 cents then. So how can the volume and descending trend be explained ? Still holding shares, but the entire trading pattern is a mystery to me.
Jeff
Finding out that the 7 investors are able to sell as early as March bothers me.
The are up 800% and who knows if they will sell.
Roy says they are trying to get them to keep the shares, but who knows.
That said, I will sell and take a wait and see approach.
Everything looks great on paper and I will jump back in with a breakout.
The fundamentals should take it much higher. It does not make sense as to why it has not risen so far. ???
It will be close on the radar. Until a breakout, the money will be used in other stocks.
*DJ China Digital Communication Group Elects New Chief Executive Officer And Chief Operating Officer>CHID
01/23/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
01-23-06 0755ET
Copyright (c) 2006 Dow Jones & Company, Inc.
*DJ China Digital Names Chang Chun Zheng CEO, Chmn>CHID
I am also watching this one...Growth and profitability is exponential,but insider factors are invisible... :)
Chid is finally running today, up 20% without news.
The news was on January 27th that I sold my shares at .395 freeing this baby to rocket.
It's called the Catapult Effect and its making everyone else but me wealthy.
bob
Quote from: Kublakhan on February 03, 2006, 10:15:47 AM
Chid is finally running today, up 20% without news.
Did I say 20%? I mean 40% :)
Nice call, David, applaud !
Breaking Out!
Quote from: tokyopua on April 19, 2006, 10:14:16 AM
As per my note to self below, I went ahead and sold all my shares at .585 and if it drops down a bit I may get back in. Its a great stock but has such strange price action!
Spoke with Hawkassociates last week about CHID. They agree that it is not a popular trading stock at this time. They were not given much information on the departure of the CEO's.
It sure seems undervalued. For some reason, the market does not like this company. Perhaps the original private placement people (5 cents) are selling. Who knows. I have it on the radar each day, but the trading action certainly is not appealing.
I bought in last wednesday...What the hell,I can't argue with increasing profits...Working out so far... :)
Market today has apparently recognized that this stock tentatively revised estimated 2006 earnings from 5 cents to 13 cents per undiluted share... ;D
do you guys think its to late to get in this one? i looked at it yestrday at .73 but didnt have funds to buy. today i do and im looking for a good buy.
i got some at .84 it realy looks strong :)
I picked myself up some CHID today at 0.73. I wouldn't be surprise if got down a little more tomorrow (being Friday and all), but I'm pretty happy with my entry point.
Below is a weekly chart with BB. The idea here is that as long as the candle closes above the top line, we're good ;D
Picked up some CHID for .71 this a.m. Looks like it could really go! :D
I got in at .80...just wanted to make sure it was heading up again....looks like it definitely wants too ;D
goodluck to everyone :)
julia
Got a little at .88. Looked too good :)
well we touched that 1.00 and now were backing off some im still holding it for now good luck guys.
Breaking out!!!
now were on the way to 2 ;D
1.09 anybody thinkin about selling?
me, at 1.13 though :D tha means probably tomorrow
Quote from: dennis67 on May 03, 2006, 03:49:28 PM
1.09 anybody thinkin about selling?
We got it at $0.65 last week... It was a free stock back then... Here at $1.10 its still a very cheap stock... probably at $2.00 it will remain a quite attractive stock >:D ;)
Good luck ;)
ps: 3SOF's team LOVE CHID !
Quote from: dennis67 on May 03, 2006, 03:49:28 PM
1.09 anybody thinkin about selling?
I sold half at 1.088. Praafits is praafits.
Is this a good buy at 1.12?
Thanks for any help
sold half at 1.125
EXCELLENT BUYING OPP NOW !!!! :o
how low will chid go? its down to .98 right now
So far, its been down to .97
are you guys using market or limit to buy and sel otc stocks?
tried to sell half my position this morning at 1.12 but it wouldn't let me out
once there is a lot of uphoria around a stock it it time to sell and lock in profits. that's my plan anyway . for now i will hold and see what the day brings
maxi
I'm always using limit orders for OTCBB. For very stock for that matter.
I wish I could set stop orders to but Scottrade doesn't allow stop orders on Bulletin Boards or Pink Sheets.
i always used limit orders and they take for ever to go through today i used market and it sold pretty quik
gone back up now i think i will ride the rest maybe to 2.00 like ramsburg thinks ;D
Sold CHID today at 1.13... decent 50% in one week, not bad. I could see a pullback as low as 0.92 tomorrow. Don't take my work for it though.
Back in CHID at 0.92... I like the decrease on somewhat low volume.
getting in as well. was wating for a pullback to low .90 to jump in.
I thought I'd get in at .90 myself but I will wait out and look for a confirmation.
I'd rather miss the absolute bottom than to lose money right away (I have enough of those in my portfolio) :)
what beating ! i had to bail for 9k loss on my ira.........no TA to go on and got uncomfortable.....any signs it's @ bottom now ?
elr
>:D >:D >:DChid rockin womp!!!! >:D >:D >:D
yesturday and today reminds me of the scene from braveheart... HOld Hold..... Now...... ;D
Lets see some william wallice actions!!! ;D
yeaaaaaaa chid. glad i jumped back in.
Nice close for CHID... I would have liked to see it a $1.00, but $0.99 isn't bad either.
any support? This really sucks. Maybe G should post an update in the G Force section.
aahhaaAAAAHHHH... ::) What is that all about!?!? Ok, the quaterly result might not have been a huge surprise, but it was pretty good:
China Digital Communication Group Reports First Quarter Revenue Up 9.5% (http://biz.yahoo.com/prnews/060515/nem020.html?.v=54)
Is the -18% justified?? >:( >:(
Is there any support for this one???????????
I believe the 61.8 % fib is at $0.76 after that GOD save us.... >:D
B
How about the news released about the acquisition of Galaxy View. Could this be the start of a reversal?
COuld someone please commnet on the recent CHID.ob news...
thanks
looks like it is going at least to fill the gap at 0.34...
Not enough volume yet to break that resistance at .29 and another one at .32/.325
I posted on the thread in the 'previous picks' section.
It's been many months since CHID has been above the 50 dma...positive!
target: 200dma?
This stock, like many China stocks, has been on fire this past week, with positive earnings. Think the future is turning around on this one.
Island gap?
CHID.OB 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. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$
I will leave Friday's closing chart with this message......
Crazy
biz.yahoo.com/iw/061128/0189074.html
China Digital to Acquire Guoxi Holding Company in a Major Business Restructuring
Tuesday November 28, 4:15 pm ET
LOS ANGELES, CA and SHENZHEN, CHINA--(MARKET WIRE)--Nov 28, 2006 -- China Digital Communication Group (OTC BB:CHID.OB - News) announced today a major restructuring of its business activities that includes swapping its current battery shell and 3G business for two companies in the wood-carved art and furniture and auto accessories business. The transaction is valued at approximately $75 million.
Ran Liang, CEO of China Digital Communication Group, said, "Because of the intense competition in the battery, battery accessories and 3G industries, we have decided to reorganize in order to continue growing the company. The global appetite for elaborate carved wood Buddhist shrines and furniture is large. We are also optimistic about the automobile accessories business, which is growing not only globally but also in China. Shenzhen Hongda has a strong market share in Australia and elsewhere. The automobile culture is still in its early stages in China and we expect the domestic market to become strong."
SELL OFF NOT JUSTIFIED
THE KIND OF STOCK I LIKE : http://finance.yahoo.com/q/is?s=chid.ob
A GOOD CHART IS BETTER THAN 1000 WORDS !!! ;)
BUY POINT
and ... FUNDAMENTALS: http://finance.yahoo.com/q/is?s=chid.ob
CHID.OB = .23
The chart looks like it is turning up again!! Anyone big on this stock? I might buy some since CHINA stocks are doing well and this stock was .44 last month.
HANDBALLJIM,
The new thread you just created has been merged here.
Good luck with your trades.....
Today's chart....
I bought @ .24 Looks like the bottom is .19. The risk reward appears good.
I like the volume today! I'm looking to break and close above .265 resistance with in a day or two. Then I'm looking for a .30+ close. Next .37+.
Plan to sell @ or near .43 or a close below .19
There has been a chid sighting. Up 27%. soxguy
Reminds me about SIGA. These guys disregarded the biz swap
which nobody could understand. So we are back again to the
same biz line of battery casing and 3G.
They sure jump from one activity to another withou regret. !!!
Good luck to holders.
http://biz.yahoo.com/iw/070116/0203261.html
Look at the past 10 days. You'll see that a period of decreasing volume like this after a surge and churning period is followed by another run-up. We may have another test of the downside first, but I expect CHID to rise out of it and the volume will be back for another surge.
13-day MA crossed the 50-day........Closed above
Candlestick Analysis
Today's Candlestick Patterns:
White Closing Marubozu
Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.
Important Factors:
What a White Closing Marubozu says about the future course of the prices depends a lot on the general picture just as in the case of White Marubozu. White Closing Marubozu can possibly be the first part of a bullish continuation pattern or it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.
The White Closing Marubozu is a single candlestick pattern with low reliability. It only reflects one day's trading and it may show the continuation of the trend but it may also indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.
52wk Range: 0.14 - 0.68
Volume: 790,600
Avg Vol (3m): 385,192
MACD is Bullish
A message from over on the ShoutBox.Quote from Soxguy!
[Thu 15:29] <soxguy> Does anyone remember CHID? Monster move today. If you play bb stocks,keep an eye on this one.
I remember it. It was also a Previous 3SOF Play.
Here is the chart...