JADE - Sector: Consumer Cyclical --- Industry: Jewelry & Silverware

[BigSully1]

I agree, bjc. I would never put much into it without first seeing audited financials, but I would gamble just a bit if it falls around $4.60.

Is it free-falling because the market knows something or is it just fear of the unknown?

[bjc]

That's the question...

I suppose that's the question a lot of the time.  My strategy lately has been buying high quality companies on big time correcetions.  I used to ignore fundamentals, but it's pretty much all I use now.

I like to use TA when picking buy targets and such.  Support/resistance, emas, adx, macd I think are all very useful, but I only use TA in addition to fundamental analysis.  I refuse to buy based solely on a chart now.  I think weekly MACD is incredibly useful.  Once I see it start to curve in for a bullish cross on a stock that's been in the dumps, that's my buy time.  I also like to have seen the 20 ema broken to the upside.

Maybe you're on to something here and you've found a quality company trading at a significant discount.  I'm sure there will be some kind of buzz at some point because of the olympics that could fuel the share price...

[BigSully1]

That's the question...

I suppose that's the question a lot of the time.  My strategy lately has been buying high quality companies on big time correcetions.  I used to ignore fundamentals, but it's pretty much all I use now.

I know your fundamental strategy, bjc. That's one reason I seek out and highly respect your posts while ignoring many others.

I like to use TA when picking buy targets and such.  Support/resistance, emas, adx, macd I think are all very useful, but I only use TA in addition to fundamental analysis.  I refuse to buy based solely on a chart now.  I think weekly MACD is incredibly useful.  Once I see it start to curve in for a bullish cross on a stock that's been in the dumps, that's my buy time.  I also like to have seen the 20 ema broken to the upside.

The T\A side is where I have alot to learn. I think your strategy is abosutely the best- Fundamentals first with T\A secondary.

Maybe you're on to something here and you've found a quality company trading at a significant discount.  I'm sure there will be some kind of buzz at some point because of the olympics that could fuel the share price...

I think you were probably right the first time-JADE should be avoided unless just gambling/guessing. Can't say whether they are a quality company without the financials.

Thanks for your responses bjc and applaud.

[BigSully1]

getting a BIG bounce today.

[kslifka]

JADE's Turn

[Kublakhan]

I picked some up at $5.70 and it's up to $7 now

Edit:  Watching a nearly 25% gain turning into a loss.    

[setravis]

I don't think this news was posted, all this started the big down turn the
stock took......
Also.......JADE is delinquent in its regulatory filings !
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>


Press Release Source: Rosen Law Firm P.A.


The Rosen Law Firm Files Securities Class Action Charging LJ International, Inc. With Securities Fraud and Seeks to Recover Investors' Losses -- JADE
Friday September 28, 6:00 pm ET


NEW YORK, NY--(MARKET WIRE)--Sep 28, 2007 -- The Rosen Law Firm (http://www.rosenlegal.com) announced today it has filed a class action lawsuit on behalf of purchasers of LJ International, Inc. ("LJI") (NasdaqGM:JADE - News) common stock during the period from February 15, 2007 through September 6, 2007, inclusive (the "Class Period").
To join the LJI securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected].

You can join the class action online at http://www.rosenlegal.com.


The complaint charges LJI and certain of its officers and directors with violations of the Securities Exchange Act of 1934 for allegedly issuing false and misleading statements about its business prospects, financial condition, and its statements of revenues and net income. In particular, the Complaint asserts that throughout the Class Period, the Company issued false and misleading reports overstating the Company's fiscal 2005 and 2006 financial results.

On July 16, 2007, LJI announced that it was delaying the release of its fourth quarter 2006 through second quarter 2007 financial results because the Company's new auditors were unable to sign off on the Company's financial statements. On September 6, 2007, LJI revealed that it had failed to achieve the projected fourth quarter and fiscal 2006 financial results LJI had previously issued on January 8, 2007 -- and later upgraded on February 15, 2007 -- due to a potential tax provision, and that its fiscal 2006 earnings report of $3 million would "likely be adversely impacted." As a result of these and other adverse disclosures, the Company's stock price fell dramatically and caused investors losses.

A class action lawsuit has already been filed on behalf of LJI shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than November 19, 2007. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected] . No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member.

The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.


Contact:
     Contact:
     
     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm P.A.
     Tel:  (212) 686-1060
     Toll Free: 1-866-767-3653
     Fax: (212) 202-3827
     Email Contact
     http://www.rosenlegal.com
     
--------------------------------------------------------------------------------
Source: Rosen Law Firm P.A.

[setravis]

Press Release Source: Brower Piven, A Professional Corporation


Brower Piven Announces the Filing of a Class Action Lawsuit Against LJ International Inc.
Monday October 1, 7:15 pm ET


BALTIMORE, MD--(MARKET WIRE)--Oct 1, 2007 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of the common stock of LJ International Inc. ("LJ" or the "Company") (NasdaqGM:JADE - News) between February 15, 2007 and September 6, 2007, inclusive (the "Class Period").


The complaint alleges that during the Class Period the Company, and certain of its officers and directors, violated federal securities laws by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities.

No class has yet been certified in the above action. If you are a member of the proposed Class, you may, no later than November 19, 2007, ask the Court to allow you to serve as lead plaintiff for the proposed Class. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.

If you have suffered a net loss for all transactions in LJ International Inc. securities during the Class Period (including shares or calls purchased during, but retained after, the Class Period or put options sold but not covered until after the Class Period), you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at www.browerpiven.com, by email at [email protected], by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. The partners at the firm responsible for this case have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.


Contact:
     CONTACT:
     Brower Piven, A Professional Corporation, Baltimore, Maryland
     Charles J. Piven
     410/986-0036
     Email Contact
     
--------------------------------------------------------------------------------
Source: Brower Piven, A Professional Corporation

[setravis]

Read all articles on this...
Link... http://finance.yahoo.com/q/h?s=JADE

Tue, Sep 25, 2007
• Shareholder Class Action Filed Against LJ International Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
PR Newswire (Tue, Sep 25) 


• Yates Law Office Announces Lawsuits on behalf of Shareholders of: Children's Place, W Holding Co., ORBCOMM, LJ International, Netbank, Inc., Opteum, The Tube Media Co. and Care Investment Trust
Business Wire (Tue, Sep 25) 


Fri, Sep 21, 2007
• INVESTOR ALERT: KGS Announces Deadline For LJ International Inc. Investors to Request Lead Plaintiff Position in Securities Fraud Class Action Lawsuit -- JADE
PrimeNewswire (Fri, Sep 21) 



• Law Offices of Howard G. Smith Announces Class Action Lawsuit Against LJ International Inc.
PR Newswire (Fri, Sep 21) 


• Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against LJ International Inc. (NASDAQ: JADE)
Marketwire (Fri, Sep 21) 


Thu, Sep 20, 2007
• Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against LJ International Inc.
Marketwire (Thu, Sep 20) 



Wed, Sep 19, 2007
• Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against LJ International Inc.
Business Wire (Wed, Sep 19) 

[kslifka]

Well I bought at $5.81 after the market started to sour in the last couple hours of trading.  This stock is up with huge volume for a reason

Chart still looks good

[setravis]

Well I bought at $5.81 after the market started to sour in the last couple hours of trading.  This stock is up with huge volume for a reason

Chart still looks good

I agree with you, chart looks great.
Just keep a close watch on it since you made the buy.
Watch em close make some dough $$$ 

[kslifka]

Well I bought at $5.81 after the market started to sour in the last couple hours of trading.  This stock is up with huge volume for a reason

Chart still looks good

I agree with you, chart looks great.
Just keep a close watch on it since you made the buy.
Watch em close make some dough $$$ 

The market sell-off was uncomfortable...but not totally expected after such a run up.  The so-called "experts" are saying the market sold off after an analyst Lowered price target for BIDU.  Well that to me doesn't justify a market sell-off.  Maybe it was a reason for people to lock in profits.

I personally don't like big red candles after putting in a  new high.  But I think the markets will continue a bull-run.  But there will be down days in the near future no doubt.

[setravis]

January Thur February...
Look at last Jan Thur Feb price action.
I'm inclined to believe this stock will do the same thing here.


52wk Range: 2.15 - 13.15
Volume: 4,194,106
Avg Vol (3m): 1,363,260
Market Cap: 96.60M
P/E (ttm): 18.55
EPS (ttm): 0.28

[BigSully1]

LJ International Announces First Half Fiscal 2007 Financial Results
Friday December 28, 4:40 pm ET


HONG KONG & LOS ANGELES--(BUSINESS WIRE)--LJ International Inc. (LJI) (Nasdaq/GM:JADE), a leading jewelry manufacturer and retailer, today announced financial results for the Company's first six months ended June 30, 2007.
ADVERTISEMENT





Revenues for the first six months ended June 30, 2007 totaled $67.16 million, up 34% from $50.10 million in the first six months of 2006. Net income for the first six months ended June 30, 2007 was $1.83 million, or $0.08 per fully diluted share, up 60% on a per-share basis from $0.95 million, or $0.05 per fully diluted share, in the first six months of 2006. The majority of the rise in revenues for the first half of 2007 was primarily due to the growth of LJI's ENZO retail division, which currently has 93 retail stores in operation across Greater China.

LJI's overall gross profit in the first six months of 2007 rose to $19.32 million, or 29% of revenues, from $13.10 million, or 26% of revenues, in 2006 primarily as a result of the Company's higher-margin ENZO revenue mix.

Selling, general and administrative (SG&A) expenses for the first six months of 2007 totaled $15.06 million, up from $10.90 million in the first six months of 2006. The increase was due to increased advertising, rental, staffing and other costs stemming from ENZO's increased store count as well as higher corporate-level expenses, including legal and professional advisory services.

To be added to LJI's investor lists, please contact Haris Tajyar at [email protected] or at 818-382-9702.

About LJ International Inc.

LJ International Inc. (LJI) (Nasdaq/GM:JADE), based in Hong Kong and the U.S., is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business, currently one of the fastest-growing in the jewelry industry, on a vertical integration strategy and an unwavering commitment to quality and service. LJI distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe, with a growing retail presence in China through its ENZO stores. Its product lines incorporate all major categories sought by major retailers, including earrings, necklaces, pendants, rings and bracelets.

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 revenues and earnings. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world and in China, introduction 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.

LJ INTERNATIONAL INC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

   
    Six months ended June 30, 
  2007     2006 
  US$'000   US$'000 
       
Operating revenue   67,156   50,101 
Costs of goods sold   (47,838)   (37,001) 
Gross profit   19,318   13,100 
       
Selling, general and administrative expenses   (15,057)   (10,904) 
       
Operating income   4,261   2,196 
       
Other revenue and expense     
Other revenues   166   346 
Interest expenses   (1,596)   (1,404) 
       
Income before income taxes and minority interest   2,831   1,138 
Income taxes   (1,000)   (176) 
       
Income before minority interest   1,831   962 
Minority interest   (5)   (10) 
         
Net income   1,826   952 
       
Net income used in computing basic and diluted     
earnings per share   1,826   952 
       
Earnings per share:     
Basic   0.08   0.06 
       
Diluted   0.08   0.05 
       
Weighted average number of shares used
in calculating diluted earnings per share
  22,186,302
  17,490,110

LJ INTERNATIONAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS, EXCEPT SHARE DATA)

         
   

As of

June 30, 2007
   

As of

December 31, 2006

  US$'000   US$'000

  (Unaudited)   
ASSETS     
Current assets:     
Cash and cash equivalents   8,499   5,863 
Restricted cash   4,083   5,489 
Trade receivables, net of allowance for doubtful accounts   20,124   23,894 
Derivatives   1,280   3,400 
Investment in capital guaranteed fund   2,663   2,596 
Inventories   77,397   68,751 
Prepayments and other current assets   2,747   3,118 
Total current assets   116,793   113,111 
Properties held for lease, net   1,319   1,346 
Property, plant and equipment, net   8,042   8,412 
Due from related parties   21   21 
Deferred tax assets   111   111 
Goodwill, net   1,521   1,521 
       
Total assets   127,807   124,522 
LIABILITIES AND STOCKHOLDERS' EQUITY     
Current liabilities:     
Bank overdrafts   2,240   1,591 
Notes payable   5,707   3,987 
Capitalized lease obligation, current portion   95   94 
Letters of credit, gold and other loans   18,352   33,423 
Derivatives   3,367   6,034 
Trade payables   14,186   11,256 
Accrued expenses and other payables   5,554   5,509 
Income taxes payable   1,555   735 
Deferred taxation   348   348 
Total current liabilities   51,404   62,977 
Notes payable, non-current portion   3,636   1,378 
Capitalized lease obligation, non-current portion   225   262 
Total liabilities   55,265   64,617 
       
Minority interest   170   166 
Stockholders' equity     
Common stocks, par value US$0.01 each,
Authorized – 100 million shares,
     
Issued –     
21,314,672 shares as of June 30, 2007; 18,977,371 shares as of December 31, 2006   213   190 
Additional paid-in capital   51,173   40,456 
Accumulated other comprehensive income (loss)   11   (56) 
Retained earnings   20,975   19,149 
Total stockholders' equity   72,372   59,739 
       
Total liabilities and stockholders' equity   127,807   124,522 

[BigSully1]

Up 80% on 600k shares in Pre-market.