XING

[la-onda]

additional info:

XING on naked short list:
Qiao Xing Universal Telephone, Inc. (NASDAQ: XING) engages in the manufacture and distribution of telecommunications products. Its product portfolio includes telecommunications terminals and related products, including fixed wireless phones and mobile phones; and consumer electronics, such as MP3 players, cash registers, and set-top-box products. The company also designs fixed line telephones and GSM mobile phones. Qiao Xing Universal distributes its products through independent regional distributors, and after-sales service centers, including wholesale agencies in China. As of December 31, 2004, the company distributed its products through 40 regional distributors to approximately 5,000 retail outlets in China. It has strategic partnership relationships with China Telecom, China Netcom, China Railcom, China Mobile, and China Unicom. The company was founded by Rui Lin Wu in 1992 and is based in Huizhou City, People's Republic of China. With 16.65 million shares outstanding and 956,171 shares declared short as of May 2006, there is a failure to deliver in shares of XING

[rickjust]

additional info:

XING on naked short list:, there is a failure to deliver in shares of XING

hi,
what does this mean? anyone?
max

[Michael]

Hi Rick,

When you sell shares short you have to borrow them from somebody (as you don't own the share). In some cases the market makers accept to sell shares short without having shares to borrow. They should in priciple settle those trades within 3 tradings day. If they are not able to do that they are violating the SEC rules.

In other words the failure to deliver occured on June 19. Have a look at what happend on June 20 

The stock can be on the naked short list for months  but it is in general considered to be bullish as it makes the stock difficult to short and those who are short will have to buy the stock back to cover.

Here are two good sites to learn about naked shorts:

http://www.buyins.net/tools/symbol_stats.php?sym=xing
http://www.ncans.net/

[rickjust]

thanks michael,
appreciated
(full disclosure, i bought at 1129 the day it retraced from 12, only to watch collapse in a twitching heap on the floor ,lol. i was supposed to get in at 880 when i saw it bounce from the 50ma a few days back . holding long.)
max

[gri64]

Michael, thank you for this very interesting pick and for your post about "investor psychology". I'll print this graph and I'll place it on my desktop 
Your graph explains my real story: 

I like XING fundamentals and so I traded XING 3 times:
13.06 I was stopped @7.33 (loss -8%)  ;
20.06 I sell @11.39 (profit +24.75%) 

22.06 my order @9.65 wasn't filled and I missed 2 excellent days 
I hate to chase a stocks, but because of the XING fundamentals (and my uncontrolled emotions) I bought XING once more 23.06 @11.1
Very bad timing IMHO, but I got my next psychologic lesson. 

In any case, I still like XING story and I'd like to increase my position in the nearest consolidation. The question is "is it wise to wait for consolidation"?
I'm not an expert in TA - I see MACD, MFI in overbought zone, but XING is in parabolic rally and so I can't believe to indicators  What

Once more, thank you Michael and applaud.
Gregory

[AussieTrader]

Currently I only have 2 stocks I am interested in trading / holding, XING and GIGM. In fact, I am in contrarian mode to the market right now in that I am all long. Why? XING technical and fundamental signals are shouting buy, which in the balance of probability I expect will produce an exceptional gain over the coming weeks / months. This combination of signals (for me) do not coincide very often, when they do I have to position my portfolio to take best advantage of what could be in the making (This is not a blind buy XING at any price and close the eyes, I have taken multiple entries when I saw opportunity, combined with call options for longer term leverage. It doesn't mean I won't sell into strength if I see the opportunity, for sure I will trade around my core holding as well).
My Weekly and Daily Charts:

[AussieTrader]

Machine translated articles, therefore a bit confused, but interestingly confirmation of CECT to IPO either Nasdaq or NYSE, also reference to another XING owned R&D company to IPO by year end?

Http://www.sina.com.cn June 26, 2006 00:35 First Financial Daily

Qiaoxing Group chairman Wu Ruilin build gradually surface of the mobile phone.

Yesterday, just returned from the State Policy of Qiaoxing Group was "Qiao Xing" signs mobile phone "Zhunshengzheng" occasion in Huizhou issued new "Qiaoxing 06" strategy, one introduced 25 new mobile phones, and that "Qiao Xing is" communication industries carrier rode off
Qiaoxing Group Executive Director and Head of Wuzhizhong Qiaoxing Telecommunication to the "one Financial Daily," revealed that Qiaoxing 2006 main components of the strategy are : capital landing system three companies overseas capital markets, the two major mobile phone systems market brands hours attack, one of Kau Yi telephone field drive.
"Qiaoxing more familiar with some American investors, such as oasis Fund. "Wu Ruilin revealed that Zhongdiantongxin Corporation (CECT) has basically completed preparations for the overseas listing is the U.S. Nasdaq Securities Exchange and the New York Stock Exchange, both options currently appears in the possibility of greater New York Stock Exchange listing. In addition, there is a mobile phone under development Qiaoxing Group companies by the end of this year will also be listed in the American Stock Exchange.

But Wu Ruilin which did not disclose the specific design of a mobile phone company landing that city. He pointed out that the current American investors are very optimistic about the Qiao Xing Group, June 14, listed in the Nasdaq Qiao Xing Universal, by the U.S. media as Wall Street "is the largest city Wednesday winners," and for five days gone against the tide rises, the increase in China-related stocks ranked societies, the highest increase of 16.64%.
Huizhou Qiaoxing Group as a whole has a current, Beijing, Shanghai and Shenzhen to six mobile phone design company 4. In the industry, to be submitted to the landing of the U.S. mobile phone design company should be Qiaoxing Shanghai research and development companies because the company is the first national research and development in mobile phone design companies, a few of the domestic mobile phone chips-class development capabilities in the design company, and to offer our customers from the industrial design, institutions design, hardware development, software MMI, and the production and testing of the integrity of the related after-sale services. Currently, Shanghai is not only engaged in research and development company GSM/GPRS mobile phone development, production and marketing of mobile phones also can provide. In March last year, and Wu Ruilin also disclosed that the Shanghai R & D companies to be listed in the United States.

On this point, Wu Ruilin noncommittal, only that the Shanghai R & D companies have independent legal personality, and Qiao Xing only investor owned 75% of the shares of its capital management operation will be the company to operate. According to reports, similar companies in the possession of independent legal Qiaoxing Group of 22.

Although Wu Ruilin did not disclose further details, but Qiao Xing in the mobile phone industry has quietly improved layout.

Wuzhizhong that CECT mobile phones, high-end attack, Qiao Xing (Cosun), low end mobile phone attack, which Qiaoxing future positioning domestic mobile phone market, overseas markets, operators of market-world. Early this year, Qiaoxing Telecommunication with foreign telecommunication operators signed a value of more than 35 million U.S. dollars of Qiaoxing mobile phone sales orders in India, Europe, South America and other places to establish branches in more than 40 countries registered "Cosun" Trademark .

According to reports, Qiaoxing Group except in 2G mobile phone market distribution, will also aim to target the vast 3G future. Group recently with a heavyweight 3G chip industry research company cooperation has entered a substantive stage, Qiaoxing input billion investment is expected to launch video series decryption core chip development, the flow of 3G mobile handsets whole sets of programme design, media research, and took away the competition in the field of 3G initiative.


http://tech.sina.com.cn/it/2006-06-26/00351006866.shtml

[raspi]

gri: I think you did well you bought. XING will report its Q1 resutls today after marker close and we should not be dissapointed. I will be adding some more today!

[rickjust]

So much so that this pattern has its own name: "The Hound of The Baskervilles" 

We have a very clear positive divergence with MACD (where is Terliso!!!). This pattern was identified and named by Dr. Alexander Elder as one of the strongest reversal signals in his book: Come in to my Trading Room.

The theory is that everybody is taken by surprise by the sudden change in direction (nobody heard the dog barking) so all the people who believed in the stock but sold during the downtrend will rally to buy the stock back in competition with new buyers. The pattern is confirmed when the MACD turns positive which happened yesterday.

hi,
it is one of the strongest signals but it is not called "hound of the baskervilles."
the hound has the opposite effect.
from "come into my trading room"
" when a super strong signal doesn't pan out it shows that something is fundamentally changing below the surface of the market.................................but the failure of a divergance of macd hist. is an exception."
" i call this the hound of the baskervilles signal, after a story by sir arthur conan doyle. sherlock holmes was called to investigate a murder on a country estate. his clue came from the fact that the family dog did not bark while the crime was being commited. that indicated the dog knew the criminal, and the murder was an inside job. sherlock holmes recieved his signal not from the action but from the lack of expected action. when a divergance of macd hist. fails to produce a reversal, it gives a hound of the baskervilles signal."
this is not the case with xing
maxi

[tokyopua]

Thought I was late getting back into the party at 11.56, but today looks like it could be a breakaway gap... anyone else think so?

[Terliso]

That's a nice set up going on with XING... creating a rounding bottom on the long-term chart.

Short-term chart is even more attractive (HEAVY VOLUME baby)

Do you hear XING singing? ohhh yeah

[Loffigus]

I have been buying since $7.50-ish
I added more Friday at $11.06 and still thinking of adding  more.

[rickjust]

what happened to earnings after market close?
anyone know?
maxi

[vic666]

rick,

i sold AH at 12.25...was waiting for release...nothing yet...got a little nervous...I'd rather wait and see what's up, than stay in and stay nervous.....my INCX nightmare always haunts me when it comes to earnings....

if it jumps up after earnings, I'll try and get in, hopefully not too late...if you are in, stay strong, fundamentally, this is a winner, technically we had a great new high today...tremendous volume to accompany.

good luck!

vic'

[rickjust]

hi,
thanks vic. holding through makes me nervous as well but i am in now so i will have to wait and see. maybe they aren't bringing out their earnings report until later this week.
no news yet.
maxi