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"The Chaikin Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. There are three items that determine if a security is under accumulation and the strength of the accumulation.
The first and most obvious signal to look for: is Chaikin Money Flow greater than zero? It is an indication of buying pressure and accumulation when the indicator is positive The second item: determine how long the oscillator has been able to remain above zero. The longer the oscillator remains above zero, the more evidence there is that the security is under sustained accumulation. Extended periods of accumulation or buying pressure are bullish and indicate that sentiment towards the security remains positive. The third indication: the actual level of the oscillator. Not only should the oscillator remain above zero, but it should also be able to increase and attain a certain level. The more positive the reading is, the more evidence of buying pressure and accumulation. There is such a thing as weak buying! This is usually a judgment call, based on prior levels for the oscillator"
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Hammer time, not talking MC Company will start reporting again march in preparation for exchange news, this is ammazing buy opportunity on short coverage. Expect run over 200dma .31 then breakout >resistance small .40 .50 .60 see 3yr
Short neuce getting tighter and tighter aimho
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Congrats to those who got to fill Ctglf today, I am playing this a buy accumulate trade for shares cash. Today a doji came in, with good volume followed by a previous hammer. If you guys are not comfortable trading this i suggest you use a buy and hold strategy. There will be many devlopments short term to the end of the fiscal year. The company will start reporting, in preparation for exchange move off the bb.
China is the worlds largest outsourcing and manufacturing hub of the world and its economy is booming. (see chinese statistic bureau for growth projections) China Global tecnology, is a great investment vehicle to participate in China's growth, not only because its one of the few chinese stocks that trade on U.S. exchanges, is proftiable, growing revenue streams, improving capitol structure, has over 300 corporate clients and growing, (china telecom,Orcl,csco list goes on) etc....(got to let u guys and gals research the rest on your own, this is suppose to be a post not a book) CTGLF IS A GREAT INVESTMENT BECAUSE THIER PRIMARY BUSINESS ARE IN THE BUSINESS OF TECH LOGISTICS AND SUPPLY CHAIN MANAGEMENT SOFTWARE SOLUTIONS IT CONSULTING WIRELESS TECHNOLOGIES> what do manufactures need to increase productivity? They are like, in a simple analogy the Orcl of China, (see list of corporate clients, actually orcl is one thier partners/clients.... ctglf provides support for Orcl readers because coded in chinese.) There is virtually no competition for them in the Chinese market. Now other revenue streams are mobl gaming division, most people in china have cell phones but not computers, and mobil gaming is huge market over there and catching on over here.
Now i have been following this company for years, and was in the run low .30s when it went from .32-1.80. It was defunct paper company, but the chinese Moguls realized it had value because it traded over here. So they took it over, with all liabilities clear and turned it into a profitable tech company. There is no doubt in mind that ctglf will see dollars in 2005, they have a backer with 30 billion is assests under thier belt who wants to see it happen. Look at chalkins money flow Read bios of management, dr fan very smart man. So its up to you how u trade this, i suggest building position for short intermediate term-long. Hold do not get shaken my next post will provide links to further your own dd and technical analysis.
remember i am more of a talker then writer, please if can help send me a instant message pirateofwallst
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Even if they don't take off here, it sounds like they've made their mark in China, and recently, there's probably more potential there than here. Adding sales from here would just be icing on the cake.
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Actually whats going on here is shorts have been covering the last few days, because they know the clock is ticking. The company will report in about 2 weeks. Once financials are released, there will be a nice upward movement in this stock. Expect nice pop coming this week as shorts will now buy to cover. Im building long position for dollars on exchange move. Clock is ticking and shorts know this. So dont get shaken, hold tight to your shares. This dip is quite healthy as it has shaken the weak hands. Rsi so oversold.
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Guys just done off phone today and researching a few things... Any long who wants to reach me> send me a IM i am more of a talker then writer, but expect lift off in less then 2 weeks.
please if you are not just a day trader send me a instant message> pirateofwallst on yahoo instant messenger. All who have been holding this it will be well worth it.=]
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