3SOF

One funny thing....now that we at out of CHID I saw on two different forums people entering at the stock....

Lets see what happens.

The thing is, the CHID chart is looking better than it has in a while.  Yesterday ended in an above average volume hammer with a close above Wed. close.  And check out the tight grouping of the moving averages straddling .55.  If price moves above these with some volume, it very likely will be off to the races for CHID again.  At the least, I wouldn't be surprised to see a 10-20% move from here.  The STOs aren't on the chart but they have bottomed and turned up.  CHID is on my watchlist for today.

FYI

I had e-mailed Hawk Associates about the Galaxy View numbers.  Here is their response.

It is an anomaly caused by a change in the rules which impacted Galaxy Views' #s for the period ending March 31, 2006.

China Digital Communication Group stands firm with its guidance that the acquisition of Galaxy View International will be accretive.

Regards,
Ken AuYeung, Hawk Associates Inc.

Alien

Quote from: Ramsburg on August 03, 2006, 10:09:30 PM
The bottom line here was a huge strategic mistake (and I assume the responsibility): I'm mostly a technical trader, and I decided to get back into CHID at $0.65 mainly for technical motivations, that was the plan (my initial plan), but after a few days I started to input a lot of fundamental data on the equation, and that made me change the strategy for this trade... that ended to be a strange and erratic situation of «buy because of technicals, and hold because of fundamentals».
The right decision in this case should have been «Buy technicals, Sell Technicals»... 

Frederick,

You are SUCH a great guy!  You have my total respect.  And, APPLAUSE.

I posted this afternoon on the Stock Picking Board, something not the same, but somewhat simiilar to your experience.  I didn't "stick with my knitting" at May earnings, shorting a DOUBLE H&S Top.  Given how CKCM has huge gaps, I was concerned that I might get blinded-sided by the promise of good fundamentals.

Like you and maxi (rickjust), I'm basically a technically trader.  I try to consider the fundamentals, but I always will defer to the technicals.  If good fundamentals seem to be a threat on a LOUSY chart, like CKCM, I often pass.  And, I did.



I've made mistakes in the market that you haven't even thought of yet! 

Quote
This one will take time to «digest»...

Give it no more than about one more minute to digest, because you already understand what happened in the trade.  That's ALL the time that it deserves.  You're a human being running a stock market site. 

You aren't gawd!    

If anyone has that expectation, they're going to be very disappointed, not only with you, but with just about ANY site.  I've seen most of them come and go over the years.

Hang in there, buddy!  Your honest and sincere.  You work hard.  You recognize you mistakes, and you learn from them.  Keep learning (it's a lifelong process), and keep trying to move the ball forward.

   

thanks Melf

just spoke with Roy Teng at China Digital....they are coming out with 10Q after close on Monday......numbers look very good.......will also clarify Galaxy #'s which seem to have confused everyone to the downside.....all looks good for CHID...

http://biz.yahoo.com/iw/060814/0154001.html

Down some more?

Quote from: tonyfloyd on August 08, 2006, 02:17:14 PM
just spoke with Roy Teng at China Digital....they are coming out with 10Q after close on Monday......numbers look very good.......will also clarify Galaxy #'s which seem to have confused everyone to the downside.....all looks good for CHID...

I am not in the stock anymore, but the press release said they were "dissapointed" with certain aspects of the numbers.  Did this guy Roy lie to you?

Anyway seems to be making a nice recovery today, seems like maybe once all the possible bad news is reported hopefully nothing but upside is left.

Will CHID hit the .36$ low ?

fyi:
Chid has shown their numbers...
http://www.sec.gov/Archives/edgar/data/1144320/000091068006000850/f10qsb-063006.htm
1)
Revenue and income down significantly
"Net sales for the three months ended June 30, 2006 totaled $3,027,810 compared to $3,316,327 for three months ended June 30, 2005, a decrease of $288,517 or approximately 8.7%. The decrease was primarily due to increased competition in our aluminum shells and caps, sales of which decreased by 37%. The sales of our steel shells, however, increased by 9% and the Company has yet to realize significant revenue from their latest product line, lithium ion batteries. "
2)
SIX MONTHS ENDED JUNE 30, 2006 COMPARED TO SIX MONTHS ENDED JUNE 30, 2005
Net Sales
Net sales for the six months ended June 30, 2006 totaled $6,211,357 compared to $6,223,839 for the six months ended June 30, 2005, a decrease of $12,482 or approximately 0.2%. The decrease was primarily due to increased competition in our aluminum shells and caps, sales of which decreased by 26%. Our sales of our steel shell and caps, however, increased by 14% during the six months ended June 30, 2006.

Cost of Sales
Cost of sales for the six months ended June 30, 2006 totaled $4,328,727, or approximately 69.7% of net sales, compared to $4,411,138, or approximately 70.9% of net sales, for the six months ended June 30, 2005. The decrease in cost of sales was due to the decrease in sales. The decrease in percentage was due to a more efficient and maturity production process and improvements made to increase our efficiency.

Operating Expense
Selling, general and administrative expenses for the six months ended June 30, 2006 totaled $514,105, or approximately 8.3% of net sales, compared to $307,730, or approximately 4.9% of net sales, for the six months ended June 30, 2005. This increase was primarily due to increased spending on marketing and public relations expenses. The expenses associated with public relations and conference events were $93,850. The Company also incurred additional legal, accounting, and consulting fees during the six months ended June 30, 2006.

Income From Operations
Income from operations for the six months ended June 30, 2006 totaled $1,368,524 compared to income from operations of $1,504,971 for the six months ended June 30, 2005, a decrease of $136,447.

Interest Expense
Interest expense for the six months ended June 30, 2006 totaled $95,326 compared to $14,551 for the six months ended June 30, 2005, an increase of $80,775. The increase in interest expense was due to a long-term loan of $3,000,000 obtained in connection with the acquisition of Galaxy View and Sono.

Net Income
Net income for the six months ended June 30, 2006 totaled $1,210,888 compared to $1,426,596 for the six months ended June 30, 2005, a decrease of $215,708. The decrease was primarily due to a decrease in sales and an increase in operating expenses.

3)
checkt the updated profile:
http://www.hawkassociates.com/chidprofile.aspx
&
http://www.chinadigitalgroup.com/factsheet.html

I will keep CHID on my radar 

cheers
Oliver

not good....
China Digital Communication Group Says It Will Not Meet Previously Announced Guidance
Tuesday September 12, 3:34 pm ET

LOS ANGELES, CA and SHENZHEN, CHINA--(MARKET WIRE)--Sep 12, 2006 -- China Digital Communication Group (OTC BB:CHID.OB - News) said today that it would fall short of its previously projected financial results.

It projected total revenues of $19.3 million and net income of $5.8 million, or $0.09 per fully diluted share, for fiscal year 2006 with the acquisition of Galaxy View International.

Ran Liang, CEO of China Digital Communication Group, said, "Based on our current internal financial models, it is clear that our financial results for fiscal year 2006 will fall short of our publicly announced guidance. We still expect our company to be profitable for the year, and because of the acquistion of Galaxy View, we expect to show an increase in revenue from our prior fiscal year. However, at this point we have insufficient information to provide more specific guidance.

"As previously reported, in the second quarter of 2006, Galaxy had revenue of $2,490,483 and net income of $1,275,885 and was a cash generator. Galaxy is growing at a rapid rate, and as we said previously, we believe our financial results in the coming quarters will benefit from its inclusion in our financial results," Liang said. "Galaxy's financials will be incorporated in our consolidated third quarter results."

I'll say 

Maybe next year    Luckely I'm in with just a little money and I will sit it out now 

Amarens

minus 20%, now @ 0.29$ 

Is the sell-off done? It will most likely tank some more since it's not oversold yet.

Dead cat bounce or breakout     
Give us some more volume PLEASE  
No magic lines here but do we see a cup 

It's been a long time since CHID has been above the 50dma....that's positive!

Break above $.30 could be interesting.