CHDO.OB.

[danman3459]

ANybody have any insight on that shoot up to .235 then back down to .19?

[Loffigus]

I think it's just a steep pullback - profit taking and maybe some MM manipulation.

I think were going to close near HOD.

[tokyopua]

ANybody have any insight on that shoot up to .235 then back down to .19?

Probably just profit taking, I expect a bounce here soon near support on the 5 minute chart at 0.18

[vic666]

the breakout point a couple of days back was $0.105 level...considering that was major resistance on a multi year chart like Elite G had shown, I'm looking at atleast a run to $0.30 levels short term...followed by consolidation, and if fundamentals show good reason, a run to $1.00

hey...reminds me of the PTSC and XSNX runs in the recent past.

having said that, i added a few more at $0.19 on the way down...

[tokyopua]

the breakout point a couple of days back was $0.105 level...considering that was major resistance on a multi year chart like Elite G had shown, I'm looking at atleast a run to $0.30 levels short term...followed by consolidation, and if fundamentals show good reason, a run to $1.00

hey...reminds me of the PTSC and XSNX runs in the recent past.

having said that, i added a few more at $0.19 on the way down...

Heh, I added too at 0.19.  Tried to hit 0.18 as I saw that was going to be support, but my order didnt get filled and I had to chase a bit. 

[danman3459]

I think were going to close near HOD.

You still think so?

[Loffigus]

I think were going to close near HOD.

You still think so?

Nope. 

[vic666]

here's my prediction...i'm looking at the 3 day trading pattern here.

clearly, there is an ascending trendline formation, and I've observed that when a penny stock runs fast (steep angle) during intra-day, it almost always fall back to it's ascending trendline withing a day or two...before resuming it;s uptrend. of course, that also establishes that a strong sutained move upwards is in place, because it gives old traders to sell on the rise and probably on the pullback, and new traders to establish positions at support levels.

having said that, it's heartening to see that today's afternoon pullback is almost close to the ascending trendline, $0.175 levle is the actual ascending line support (don't hold me to the 3rd decimal place however).

for tomorrow, I expect this stock to test the ascending trendline, and then rise back up in a slow steady pattern. tomorrows low and hig will be withing today's numbers and we should see a small candlestick...and another similar small candle on friday, with the high on friday approaching today's high, and then monday, I figure we breakout once more.

well, we'll all know if my theory is right in the first few hours tomorrow morning.

considering the multi-year breakout from $0.105 level, I'd bet my chances this uptrend has long legs. 

[eliteG]

update CHDT:

We had some profit taking today in CHDT.. and this may help the stock in the long-run.  Traders who are here for the short-term got to sell and the stock still gained over 5%.  CHDT may be due for some consolidation as it tries to chew through the upper shadow resistance.  Volume was heavy.. as it seems more and more traders are learning about CHDT.

Perhaps it will take a news release to remind traders that CHDT has enormous potential.  Lets take 1/3 off the table so that we can more easily hold through any pull-backs.  Of course we would like to sell this portion as high as we can get.. so lets see what the market gives us tomorrow.

We  feel CHDT has multibag potential and want to make sure not to lose our core position.  This partial sell will only be reflected correctly in the closed trades section.. the open trades section will still calcualate the full postion.

------
Position: bought CHDT @ 0.085 on 06/28/2006
Order: Sell 1/3 position and Hold the rest
Exit: n/a
------

[la-onda]

China Direct Forms Complete Power Solutions of Miami Subsidiary
Thursday July 13, 7:20 am ET

COOPER CITY, FL--(MARKET WIRE)--Jul 13, 2006 -- China Direct Trading Corp. (OTC BB:CHDT.OB - News) ("China Direct" or "CHDT") today announced that it has signed a 20-day letter of intent with, and has received a $50,000 good faith earnest money deposit from minority investment partners, to form its second new power generator sales subsidiary: "Complete Power Solutions of Miami" (CPSM). CPSM will sell power generators in Southern Broward and Dade counties of Florida, which include the cities of Miami, Miami Beach, Coral Gables, Westin, Hollywood, Dania, Hialeah and South to Key Largo. We expect CPSM to fully operational by August 15, 2006.

The minority investment partners include: (1) Michael Burchell, Ben Walker, and Joe Cangiano, who combined have some 60 years of extensive experience in electrical contracting and excavation skills (such skills are necessary for the expeditious installation of new power generators and support of overall CPS business statewide); and (2) Howard Ullman and Jeff Postal, who are the CEO/President/Chairman of the Board and a director, respectively, of CHDT. The minority partners will contribute a total of $300,000 in start-up capital to launch CPSM. CPSM will purchase all of generators, cement slabs, and engineering services from CHDT's majority owned subsidiary, Complete Power Solutions, LLC, Pompano Beach, and Fl.

"The formation of CPSM follows our current business model of expanding the geographical market for our power generator sales operations by forming new majority-owned subsidiaries with local investor/partner groups. We are currently seeking and interviewing potential future partners and doing regional market assessments in Florida, The Gulf Coast and the Northern Virginia-Washington, D.C. region to determine where and when new subsidiaries might be launched. Our goal is to establish three to six new power generator subsidiaries this year," said Howard Ullman, CHDT CEO/President.

RADIO INTERVIEW: Howard Ullman will be featured in a live radio interview on www.MN1.com at 9:00 am Eastern Time today, Thursday, July 13, 2006. MN1 is a leading microcap investor media portal and interested parties may go to www.MN1.com and download the free player that will allow them to listen to the interview. The live broadcast is available to anyone at any computer connected to the Internet.

[raspi]

http://biz.yahoo.com/prnews/060717/nym119.html?.v=40

China Direct Trading Corp. Receives Chinese Roof Tile Approval NOA (Notice Of Acceptance) No: 06-0407.05 Effective July 20, 2006
Monday July 17, 8:30 am ET

COOPER CITY, Fla., July 17 /PRNewswire-FirstCall/ -- China Direct Trading Corporation (OTC Bulletin Board: CHDT - News), a U.S.-Chinese trading company, today 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. Unless objections are raised by any member of the Board of Rules and Appeals, which overseas the issuance of all NOA's, on or before July 20th, the roofing tiles will be eligible for sale. OBS has also been provided the five page NOA document which soon will be available online at http://www.chdt.us . This grants OBS the exclusive right to import and sell these clay roof tiles.

ADVERTISEMENT
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Subject to no objections from the Board of Rules and Appeals, OBS will start taking orders from roofers, tile distributors, home owners, and retailers on July 20th for Goods starting to leave on August 15th and the first delivery in the U.S. on September 10th . For information on roof tiles contact Howard Ullman at 954-252-3440.

OBS has entered into an exclusive distribution agreement with a China Ceramic Tile factory. The factory has been in operation since 1986 producing high quality roofing and floor tiles with 15% of its annual production going to export. The factory has 90 new machines imported from Spain and Italy producing a Chinese brand known as Minnan. The ISO9001 rated factory has 1,256 workers in a 200,000 square meter facility. Total annual production capacity is twenty million tiles. The factory can expand its production facility if and when demand dictates.

About China Direct: China Direct (http://www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. CPS, (http://www.completepower247.com) is a majority-owned subsidiary engaged in a turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items in 29 countries. None of the web site URLs listed in this press release are incorporated into or are part of this press release.

FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and uncertainties. Such expectations and assumptions may prove to be faulty or incorrect. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding consumer demand, product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Approval of products by governmental authorities does not mean that the products will be accepted by consumers or produce any revenues or profits. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.

[eliteG]

update CHDT:

CHDT started Monday off great with a gap and climb(approached the recently made all-time high)  but then sold off as it tried to close its gap.  The candle produced  has a long shadow that portrays a 2nd price rejection of the over .20 price in 4 days.  The high position of this candle(the highest close ever) and the solid volume could setup a powerful move in the next few days. The key is a penetration of .20 zone... and I would guess that if this happens tomorrow CHDT will close above .25.

Most technicians would consider this candle a "momentum killer" but due to its position, above past price ranges, and the great fundamentals behind CHDT the stock should not be down for long.  A dip to the .15-.16 area may be a good zone to add or start a position.

A consolidation in this zone would indicate investors want to hear more numbers before running the stock higher.  Numbers are exciting simply for work inside of Florida.. but now with expansion outside as well as other sourcing revenue, CHDT may become the stock to own of 2006.  With continuing solid execution by management and no plans for dilution.. it is hard to find a better penny stock to own out there.

------
Position: bought CHDT @ 0.085 on 06/28/2006
Order: Hold
Exit: n/a
------

[rickjust]

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

[vic666]

with most penny stocks...short term strategy is the best...get a profit, sell and move on. biggest reason behind that is most pennies have no revenues or earnings and almost always move on some hyped up news or some other trading group pumping it or moving it "en mass"

Having said that, there are some rare pennies out there that have some real business model, that do generate revenues and earnings and have soemreal growth story behind them. and those r the ones that you can take a calculated risk on and decide to hold longer than most pennies, instead of flipping daily.

my opinion, based on the DD from Elite G's posts as well as my own, tells me this is one to buy and hold.

right now I see the chart in a sideways trading pattenr between $0.15 and $0.23...there is a slight ascending nature to the pattern, but there has never been a close above $0.20, which is what I'm looking for a s the first sign to a sustained strong move upwards. then comes the resistnace at $0.235 which wehn taken out, will really get this thing moving again, IMO.

u may do as you please, of course...but I beg to differ on your opinion.

good luck.

[eliteG]

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

I think your opinion is really right on for many stock selections maxi  .. but I agree with vic666 on this one.  CHDT is a must own both technically and fundamentally.  I think this will become clearer when we get a news release about actual numbers.  I know it is difficult to hang on.. but that is why we sold 1/3.. just to make it easier to hold.  Still above the 9 and 20ema... stock is on FIRE.. just looking for more fuel now.