3SOF

Nice Off-Topic

Braveheart is also one of my favourite movies, few years ago I had the opportunity to visit Scotland, and I was in all of the major places of Wallace history (Falkirk, Stirling, etc).  I think I remember to see a T-shirt, saying «If Wallace was a trader, he would be holding CHID».



Regards !

Quote from: Ramsburg on May 10, 2006, 12:57:37 AM

Quote from: Terliso on May 09, 2006, 05:03:34 PM
Chid...weakening? ? ? ?

I don't think so....breakout is just happening ... I'll hold this baby just below $2 bucks or maybe even higher

Terlisa(o), we have the same expectations... CHID is holding pretty well these high levels and this short term consolidation is now showing some signs of ascending triangulation... A bit more of volume and a breakout of $1.18 could easily lead to extreme «panic» buying...

Plan B: A bit more time of consolidation, strong support on the $0.90/$1.00, area with the same final result: breakout of the $1.18 resistance.

There are too much eyes looking into CHID right now, a lot of people have already sold their positions, and are «afraid» of being out of the boat... A correction was expected, and it didn't happened yet so far, so there are a lot of potential buyers asking: «when do I have the chance to pick CHID again below $0.90 ?»... I'm not a futurologist, but the perfect answer to this question would be another question: «For how long would be possible to buy CHID below $2.00 ?»  

The plan:
Hold CHID and ask questions later

Best regards,

I added more @ 0.82

Terliso - added more at $.82? Two cents below the low of day? You'll have to show me that trick sometime.

Quote from: Lucas Scott on May 14, 2006, 05:37:28 PM
Terliso - added more at $.82? Two cents below the low of day? You'll have to show me that trick sometime.

Well, there is no trick... just call that a luck baby!!!

What to say about CHID on Friday?
CHID was able to move on a difficult market session, buyers were happy to see CHID below $0.90 and went all shopping it (I did).
We were wrong about the $0.90 support, but it's difficult to be accurate on these technical values for OTCBB stocks, we were considering to use a stop last week, but I'm glad we didn't.

Friday's candle reminds me the candle on 02-May, just before a new breakout, the volume was different, but the fact of being a Friday and the general market in really bad shape is a good sign for CHID.

CHID has a resistance level near $1.20, but as we stated before, we expect to see CHID at much higher prices (soon). This move takes time to develop, it is difficult to predict with accuracy, but we are willing to wait since we are very comfortable with this position (even with this extreme price volatility).

The Trading Plan:
We must HOLD CHID

Best regards,

China Digital Communication Group Reports First Quarter Revenue Up 9.5%
PR Newswire - May 15, 2006 08:40

LOS ANGELES and SHENZHEN, China, May 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- China Digital Communication Group (OTC Bulletin Board: CHID), one of the largest and fastest growing battery components manufacturers in China, today reported revenue for the first quarter of 2006 increased 9.5% to $3,183,547, compared to $2,907,512 in the first quarter of 2005. Net income was $736,783, or $0.01 per fully diluted share, compared to $725,799, or $0.01 per fully diluted share in the first quarter a year ago.

Interim CEO and President of China Digital Communication Group Yu Xi Sun, said, "We are continuing to grow our core business organically and expand our product lines. With about 10% of China's highly fractured lithium-ion battery component market, we currently have the second largest market share in the world's fastest growing major market.

"We are also moving forward with our plans to close the acquisitions of Galaxy View International and Shenzhen Zhuo Tong Power Supply Industry Co. We expect to close both acquisitions during the summer. We believe that these two acquisitions would position China Digital Communications for future profitable growth opportunities in China's fast-growing telecommunications market.

"We continue to project revenue of $30 million and net income of $10 million, or $0.13 per fully diluted share, based on the successful completion of the two acquisitions. We believe the future of our business is very strong, and as I have stated previously, I intend to purchase up to 1 million shares of the company in the open market by June 20. I have already begun to buy shares," Sun said.

About China Digital Communication Group

China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of China's leading manufacturers and developers of advanced telecommunications equipment. E'Jenie sells advanced high-quality lithium-ion battery shell and cap products to all major lithium-ion battery cell manufacturers in China. E'Jenie's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. China Digital Communication Group is continuing its expansion across East Asia, while also seeking distribution partners and acquisitions in new global markets, including the United States. For more information, visit http://www.chinadigitalgroup.com. To contact the company, call Roy Teng, China Digital Communication Group, (310) 461-1322, e-mail: [email protected].

An investment profile on China Digital Communication Group may be found at http://www.hawkassociates.com/chinadigital/profile.htm.

For investor relations information regarding China Digital Communication Group, contact Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451- 1888, e-mail: [email protected]. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.

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.

CHINA DIGITAL COMMUNICATION GROUP AND SUBSIDIARIES
                         (FORMERLY JASMINE'S GARDEN)
                          CONSOLIDATED BALANCE SHEET
                                March 31, 2006
                                 (Unaudited)


                            ASSETS


    Current Assets
      Cash and cash equivalents                     $3,610,109
      Accounts receivable, net                       1,297,433
      Inventory                                        243,142
      Prepaid expenses                                 235,466
      Other receivables                                 10,462
        Total Current Assets                         5,396,612

    Property & equipment, net                          641,522

    Other Assets
      Deposits                                           3,100
      Cash advance for business acquisition          3,000,000
      Goodwill                                       1,865,067
        Total Other Assets                           4,868,167

    Total Assets                                   $10,906,301

               LIABILITIES AND STOCKHOLDERS' EQUITY

    Current Liabilities
      Accounts payable and accrued expenses           $785,582
      Income tax payable                                56,215
      Loan payable to related party                    174,600
      Advances                                           1,965
      Short term note payable                          249,600
        Total Current Liabilities                    1,267,962

    Long-term debt, net of current portion           3,000,000

    Stockholders' Equity

      Common stock, $.001 par value,
       140,000,000 shares authorized,
       72,960,626, issued and outstanding               72,961
      Additional paid in capital                    12,514,614
      Advance for business acquisition             (9,620,000)
      Statutory reserve                                128,784
      Other comprehensive income                       203,030
      Retained earnings                              3,338,950
      Total Stockholders' Equity                     6,638,339

    Total Liabilities and Stockholders' Equity     $10,906,301



              CHINA DIGITAL COMMUNICATION GROUP AND SUBSIDIARIES
                         (FORMERLY JASMINE'S GARDEN)
                      CONSOLIDATED STATEMENTS OF INCOME
          FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2006 AND 2005
                                 (UNAUDITED)

                                                2006            2005


    Sales, net                                $3,183,547     $2,907,512


    Cost of sales                              2,209,267      1,967,596

        Gross profit                             974,280        939,916


    Selling expense                                7,194         10,552

    General and administrative expenses          164,773        165,958

        Income from operations                   802,313        763,406


    Other (Income) Expense
        Interest income                          (5,115)           (50)

        Miscellaneous expense                        268        (8,791)

        Interest expense                          29,840          5,335

        Total Other (Income) Expense              24,993         (3,506)


        Income before income taxes               777,320        766,912


    Provision for income taxes                    40,537         41,113


    Net income                                  $736,783       $725,799


    Other comprehensive income

        Foreign currency translation              91,346          2,580


    Comprehensive Income                        $828,129      $ 728,379


    Net income (loss) per share:
        Basic & diluted                            $0.01          $0.01


    Weighted average number of shares
     outstanding:
        Basic & diluted                       63,710,626     54,460,626

Once again I got sucked in at a high price.  I bought at 1.04 and the report today (9% increase??) does not seem that great.  That must mean Q3Q4 will require humungous increase in sales of 26 million???

Quote from: garym on May 15, 2006, 09:42:22 AM
Once again I got sucked in at a high price. I bought at 1.04 and the report today (9% increase??) does not seem that great. That must mean Q3Q4 will require humungous increase in sales of 26 million???

They just reported 1Q06. They have 3 quarters to make 26 Milllion, not 2 qtrs. with the two new high growth acquisitions closing in the summer. I believe they will easily make their goal. The CEO is even betting about a $1M of his own dollars on achieving their goal.

Quote from: garym on May 15, 2006, 09:42:22 AM
Once again I got sucked in at a high price.  I bought at 1.04 and the report today (9% increase??) does not seem that great.  That must mean Q3Q4 will require humungous increase in sales of 26 million???

Sorry to hear about your purchase given today's action, but things may not be as bleak as they seem longer term.  CHID projections for revenue include completing two acquisitions of companies that will add to their earnings.  I think if you read all the posts in this thread and some of the news you will see how that works in more detail.

i thought that we are not holding through earnings after the Diet case....if i knew the date yesterday i would have sold yesterday i never hold through earnings...i am back to daytrading

Is CHID safe to hold long term? (aprox 1 year). I know a lot of these OTCBB stocks can be very volatile, but CHID seems to have quite a high dollar amount and has increased revenue. Should this set back be shrugged off for a longer term holder?

hi,
after today's action ( just broke 80) it will be a long time before chid sees 1.00,
no buyers at these levels supporting it.
jmho
maxi

I had picked some up friday at $1..i was actually trying to cancel my order ...but once again my TD Waterhouse acct takes way too long to execute an order...and so, i had found out after close that my order to buy CHID at $1 did go thru.....i hate that broker.

glta

julia

Julia -

call up Ameritrade and complain.  Tell them that you want it reversed - that you canceled the order and it did not go through.

If they do not give it to you, speak to the manager.

At least get them to give you a month of free trades.

(I do that at least twice a year - I trade way too much).

And take any profits fast on penny stocks.  Most of them crumble.

   Man, I feel your pain between chid and gv today is just absolutely aweful. You would think that chid would have an opposite effect if the US markets are down but i guess not.  if this closes below .80 where is the next support i don't see anything strong until the upper .60s...dang..... i don't know about anyone else but i feel like at this point i am stuck and need to just weather it out.  I believe in the fundamentals and Ramsburg hopefully still feels strongly about the future....