3SOF

hi,
thanks for the reply.
i hope you are right on this one and i will be happy to eat my proverbial hat!. glta today
maxi

Ok, interesting that we are down 20% on extremely heavy volume...
Has something changed with the recent news today?
------------------------
U.S. Equity News: China Direct Trading Corp. Receives Chinese Roof Tile Approval and J. Ray McDermott to Install Australia's North West Shelf Angel Jacket


By M2
Last Update: 7/19/2006 8:09:50 AM Data provided by 

Jul 19, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - Construction industry alert provided by U.S. Equity News. China Direct Trading Corporation (CHDT), a U.S.-Chinese trading company, recently announced that its subsidiary, Overseas Building Supply, LLC (OBS), received a Notice of Proposed Action from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida. The Notice, dated June 30th, is a 20-day approval notice for OBS' clay double roll roofing tile No. 06-0407.05. Foster Wheeler Ltd. (FWLT) plans to hold a conference call on Wednesday, August 9, 2006, at 11:00 a.m. (EDT) to discuss its financial results for the second-quarter of 2006. The company expects to release the results the same day, before the market opens. The call will be accessible to the public by telephone or Webcast. To listen to the call by telephone in the United States, dial 888-262-9189 (conference I.D. No. 7638962) approximately ten minutes before the call.

McDermott International, Inc. (MDR) announced recently that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Woodside Energy Limited, operator of the North West Shelf ("NWS") Venture, valued at approximately $200 million, for substructure and pipelay installation for the Venture's $1.2 billion Angel platform development. The Ryland Group, Inc. (RYL), will release second quarter earnings on Wednesday, July 19, 2006, before the market opens. The conference call also will be held on Wednesday, July 19, at 9:00 a.m. PDT (noon EDT). The dial-in number is (800) 274-0873, or (719) 457-2684 for international callers. Participants may call in beginning at 8:45 a.m. PDT.

EMA 20 is holding 

Hope the 20 EMA holdsout otherwise next support is ~9 (confirmed three times)

jorgegr

it's confusing atleast to me on whether to use the EMA or DMA...for CHID, it bounced off nicely off the 20 EMA at $0.13, albeit not too far off, but the 20 DMA is at $0.12

which one has more weightage? i understand the EMA sort have more weightage on recent price action, which is why it's always higher thana DMA in an uptrend and lower than DMA in a downtrend.

anycase, i'm in CHDT and waiting patiently for it to bust thru' that $0.235 resistance level.

I think CHDT was overbought several days ago. may be it will furthur retrace back

Quote from: rickjust on July 18, 2006, 04:48:36 PM
hi,
here is mho on chdt.
with a 100% profit on this stock why not take it on this market?. i know you have sold 1/3 of the position but this is no longer a "stock on fire" imo.
the idea that there is blue skies ahead for a stock is tempting but fanciful and one of the major mistakes we make in the stock market for short term traders. talk of to the moon and blue sky break out. (i.e. chid brvo gv.and plenty of others that i have traded and lost). fundamentals don't matter in the short term .only the tech indicators will show the way for the stock. then the human will follow.
the indicators are turning bearish for this stock . lower tops lower bottoms. macd turning over dmi fight between the bulls and bears.
so why not lock in profit while you can? this is a public portfolio based on "stocks on fire"
100% is burning. but the flame can go out just as quickly.
remember it is not a profit until it's in the bank.
just my humble opinion . ( now after that rant this stock probably will sky rocket )
glta still holding
maxi

Wish I had sold when you said, worst case I could be buying back here below .1... 

Quote from: rickjust on July 18, 2006, 04:48:36 PM
this is no longer a "stock on fire" imo.
the idea that there is blue skies ahead for a stock is tempting but fanciful and one of the major stock . lower tops lower bottoms. macd turning over dmi fight between the bulls and bears.
so why not lock in profit while you can? this is a public portfolio based on "stocks on fire"
100% is burning. but the flame can go out just as quickly.
remember it is not a profit until it's in the bank.
just my humble opinion . ( now after that rant this stock probably will sky rocket )
glta still holding
maxi

hi,
will this just disappear back into penny land? fire is out on this one. no buying interest. didn't think this would sell off like this.
this will need massive news to get some momo. as i said earlier. that is the thing with pennies. they have a very short life span of a few days. will this drift below 10? already the bid is 99.
.just hit it as i write,
glta
maxi

I absolutely agree with Maxi: I lost all my profits on GV, GSHF, IVHG and now this pathetic CHDT. Good stocks fall, bad stocks do fall even more. I think one needs a pesimistic view on trading. Once things begin to appear rosy, the bad luck hits.

EliteG makes great picks, he just does not account for general market, like David Randolph was trying to do, and does not sell based on a short-term strategy.

Like Maxi noted, why not cash in when you make 140% and give the stock a chance to develop further while you stay away and simply observe? Hesitation to sell is what made me pare with all my gains and go below the waterline. I really have been relying on these guys and they do have a great potential, but they need to tighten their trading rules and become more pragmatic rather than idealistic.

C'mon, Elite, make us some dough, I know you can!!!

Berloga.

I agree 3stocks do make some great picks but their timing is sometimes really bad. (Getting out of chdt and chid) and selling stocks to early. A good recent example is BBC The buy was around $14.25 a little too high and was stopped out at $12, which is the current bottom of the base, it is now $12.75. (I watched and waited and just bought some recently in the low 12s). BBC is expected to earn  $1 this year and about $2 next year and has a huge conteact for next year already signed, I would of never heard of BBC without 3Stocks. I use 3stocks to come up with potential candidates and then I choose among them and decide on my own entry point. This strategy has been very successful for me so far.

  EMA 50 as final support ?

Lots of buyers at these bargain basement prices.

Not helping the share price much yet.

China Direct Trading Corp Receives NOA for Chinese Roof Tile
Thursday July 20, 10:14 am ET

Chinese Roof Tile Now Eligible for Sale Under Dade County Notice of Acceptance No: 06-0407.05

COOPER CITY, FL--(MARKET WIRE)--Jul 20, 2006 -- China Direct Trading Corporation (OTC BB:CHDT.OB - News), a U.S.-Chinese trading company, today announced that the imported Chinese Clay Roofing Tiles of its Overseas Building Supply, LLC (OBS) subsidiary are now eligible for sale under the Notice of Acceptance (NOA) from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida.
In accordance with the rules of the NOA, OBS may commence taking orders from roofers, tile distributors, homeowners, and retailers starting today, July 20th, for goods starting to leave on August 15th and first delivery in the U.S. on September 10th. For immediate information on the roof tiles, including photos and testing results proving superior strength and physical properties, visit www.chdt.us. To order tiles or for further information, call Howard Ullman at 954-252-3440.

OBS has entered into an exclusive distribution agreement with a China Ceramic Tile factory. The ISO9001 rated factory has 1,256 workers in a 200,000 square meter facility. OBS has secured annual production of twenty million tiles and the factory can expand its production facility if and when demand dictates.

I predict CHDT ends the day with a DOJI reversal star.

I've been wondering since July 14th (look at Rickjust's chart) that candle with an
abnormal booking at a ridiculous low price.
After that unusual event this stock changed its pattern.
Was it a warning of some kind to the market??
After that signal (you can read my previous messages here and in another new thread)
I started to day trade and was very lucky in selling on highs and reentering on
lows.  

jorgegr