Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » GZGT- $4-6 target

 - UBBFriend: Email this page to someone!    
Author Topic: GZGT- $4-6 target
breadwinner
Member


Member Rated:
4
Icon 1 posted      Profile for breadwinner     Send New Private Message       Edit/Delete Post   Reply With Quote 
I've seen these China stocks run hard before and I dont doubt this one will follow. Big blocks coming through as shorts scramble. New highs coming on this next upleg, imo.

News just out:

http://biz.yahoo.com/prnews/070604/lnm503.html?.v=10

Posts: 79 | From: California | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
dmxbr9
Member


Member Rated:
4
Icon 1 posted      Profile for dmxbr9     Send New Private Message       Edit/Delete Post   Reply With Quote 
GUANGZHOU, China, June 4 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced that it has received its branch business license in Hankou, Wuhan.

Wuhan is the capital of Hubei province. According to the statistics, the mobile users in Wuhan were approximately 3,549,200 at the end of 2006, approximately 45.81% of the total population of 7,000,000 in the city. The mobile users increased by 31.2% in 2006. According to statistics, the coverage of mobile users in cities of China is 93%, which is higher than that of Wuhan. As a result, the company believes that it has significant room to develop the business in Wuhan.

Posts: 375 | From: New Jersey | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
NICE CALL breadwinner [Big Grin]

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
ityab0y
Member


Rate Member
Icon 1 posted      Profile for ityab0y     Send New Private Message       Edit/Delete Post   Reply With Quote 
why won't this come up on the ticker search. i can't find it on my scottrade.
Posts: 38 | Registered: May 2007  |  IP: Logged | Report this post to a Moderator
ityab0y
Member


Rate Member
Icon 1 posted      Profile for ityab0y     Send New Private Message       Edit/Delete Post   Reply With Quote 
n/m thankyou i see it. i'm buyin this hoot magoot!
Posts: 38 | Registered: May 2007  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
wish i had seen this earlier and saved a few points this could be good watch it the rest of the week
Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
dacollecter
Member


Rate Member
Icon 1 posted      Profile for dacollecter     Send New Private Message       Edit/Delete Post   Reply With Quote 
Guangzhou Global Telecom, Inc. Announces Buyin.net Initiates Coverage
Tuesday June 5, 9:00 am ET


GUANGZHOU, China, June 5 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT - News), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced that **********, http://www.********** , is initiating coverage of Guangzhou Global Telecom, Inc. after releasing the latest short sale data on June 4, 2007. From May 15, 2007 to June 4, 2007, approximately 41.5 million total aggregate shares of GZGT have traded for a total dollar value of nearly $93.3 million. The total aggregate number of shares shorted in this time period is approximately 3.2 million shares. The GZGT SqueezeTrigger price of $2.25 is the volume weighted average short price of all short selling in GZGT. The first of several short squeezes began when shares of GZGT closed above $1.93. Approximately 593,000 shares that have been shorted between $1.77 and $1.93 are now out-of-the-money and starting to cover. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.********** .


Month Total Vol. Short Vol Avg. Price Short $ Value

May 15, 2007 404,436 31,142 $1.77 $54,965
May 16, 2007 364,350 28,055 $1.79 $50,288
May 17, 2007 373,800 28,783 $1.82 $52,456
May 18, 2007 458,165 35,279 $1.87 $65,795
May 21, 2007 74,500 5,737 $1.87 $10,713
May 22, 2007 107,200 8,254 $1.86 $15,353
May 23, 2007 89,169 6,866 $1.86 $12,771
May 24, 2007 70,834 5,454 $1.87 $10,186
May 25, 2007 1,228,130 94,566 $1.90 $179,552
May 29, 2007 3,882,566 298,958 $2.02 $605,030
May 30, 2007 7,798,562 600,489 $2.25 $1,351,101
May 31, 2007 9,412,615 724,771 $2.52 $1,828,018
June 1, 2007 12,656,181 974,526 $2.33 $2,271,815
June 4, 2007 4,538,698 349,480 $1.93 $674,496

Total: 41,459,206 3,192,359 $2.25 $7,182,540

-- Short volume is approximated using a proprietary algorithm.
-- Average short price is calculated using a volume-weighted average short
price.
-- Short volume is the total short trade volume and does not account for
covers.

Posts: 567 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
ityab0y
Member


Rate Member
Icon 1 posted      Profile for ityab0y     Send New Private Message       Edit/Delete Post   Reply With Quote 
freakin scottrade won't let me buy this stock, i already missed out on 10% gains.
Posts: 38 | Registered: May 2007  |  IP: Logged | Report this post to a Moderator
dmxbr9
Member


Member Rated:
4
Icon 1 posted      Profile for dmxbr9     Send New Private Message       Edit/Delete Post   Reply With Quote 
this is really looking good, shorts have got to have their panties in a bunch right now...as an average the shorts will be losing money and will soon realize that this is a real company going places, and cover about $7mm...can you say $6-10 within next month or so
Posts: 375 | From: New Jersey | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by ityab0y:
freakin scottrade won't let me buy this stock, i already missed out on 10% gains.

get another broker Scottrade is not allowing buys on almost all otcbb stocks

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
Stocklord
Member


Rate Member
Icon 1 posted      Profile for Stocklord     Send New Private Message       Edit/Delete Post   Reply With Quote 
Very nice. Todays action is allready heating up. 2.25 today? Lets hope so.
Posts: 24 | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
as i typed this i just reuqested a check from scottrade of all my free funds , for the last 2 weeks i lost alot of money cause i cant buy any of the stocks i want with them

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Stocklord:
Very nice. Todays action is allready heating up. 2.25 today? Lets hope so.

im looking for more than 2.25

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
short squeeze trigger coming at 2.25

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 10 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
2.20

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
2.22 [Smile]

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
ityab0y
Member


Rate Member
Icon 1 posted      Profile for ityab0y     Send New Private Message       Edit/Delete Post   Reply With Quote 
F scottrade. Its not worth it for just 2$ difference in trades.
Posts: 38 | Registered: May 2007  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
2.23

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
[Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
2.25 [Smile] now watch for the afternoon volume to make this run even higher imo,, im out to lunch peace

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
Mysticobra96
Member


Rate Member
Icon 1 posted      Profile for Mysticobra96     Send New Private Message       Edit/Delete Post   Reply With Quote 
Anyone else get a flyer in the mail for this stock? I got it in the mail yesterday.
Posts: 671 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
metal1
Member


Rate Member
Icon 1 posted      Profile for metal1     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Mysticobra96:
Anyone else get a flyer in the mail for this stock? I got it in the mail yesterday.

Yeah, i got it 2 days in a row, lol
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
stephan
Member


Member Rated:
5
Icon 10 posted      Profile for stephan     Send New Private Message       Edit/Delete Post   Reply With Quote 
kipliger will have to eat his words and his fellow naked shortsellers should watch their stomachs...
this thing is solid and going forward.
short squeeze coming!!

Posts: 14 | From: sweden | Registered: Sep 2006  |  IP: Logged | Report this post to a Moderator
Bazooka
Member


Member Rated:
5
Icon 1 posted      Profile for Bazooka     Send New Private Message       Edit/Delete Post   Reply With Quote 
what you think on this one?
Posts: 166 | From: RI | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
dacollecter
Member


Rate Member
Icon 1 posted      Profile for dacollecter     Send New Private Message       Edit/Delete Post   Reply With Quote 
Guangzhou Global Telecom Signs LOI to Acquire 60% Equity Stake in Wangtian Electronic Technology, Ltd.
Thursday June 7, 9:00 am ET


GUANGZHOU, China, June 7 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT - News), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced that it has signed a Letter of Intent ("LOI") with Zhengzhou Wangtian Electronic Technology Ltd. ("Wangtian") to acquire a 60% equity interest in Wangtian by issuing common stock to the shareholders of the company. The exact purchase price will be determined upon completion of the US GAAP audit of Wangtian.
Wangtian is a service provider which provides system integration services to telecom operators, government institutes, education organizations and enterprisers. Its un-audited revenue in 2006 is around US$1 million with net profit of $100,000. During the first 5 months of 2007, the un-audited revenue is around US$500,000 with $50,000 of net profit.

Within 2 weeks after setting up the branch in Zhengzhou, we successfully identified one local partner who is willing to work with us to expand our distribution business in Zhengzhou. The Company believes that this is a critical step in building a strong corporate infrastructure. With the established relationship of Wangtian with local telecom operators and enterprises, the Company will be able to co-operate with local telecom operators with more competitive edge and be able to set up more retail stores to facilitate our expansion objective in Zhengzhou.

As stated in an earlier press release, according to published statistics, the number of mobile phone users in Zhengzhou was approximately 4,527,000 at end of September 2006, roughly 63% of total population of the city. The mobile users increased by 1,010,000 during the nine months ended September 2006, which represents a 30% increase for year to year comparison if projected to the whole year of 2006. According to statistics, the coverage of mobile users in Zhengzhou is only 63%, compared to 93% in other major cities of China.

Posts: 567 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
Member


Rate Member
Icon 1 posted      Profile for RagingBull     Send New Private Message       Edit/Delete Post   Reply With Quote 
SEC To Vote Next Wednesday On Short-Selling Rule ChangesLast update: 6/6/2007 5:43:37 PM

By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission announced it will meet next Wednesday to vote on finalizing changes to rules intended to curb manipulative short selling, including short sales made before public securities offerings. Most of the changes being considered by the SEC were proposed in December and require a second vote by the five-member commission to take effect. One proposal would amend the SEC's Regulation SHO governing short sales to close a loophole that shielded some market participants from stricter requirements on closing out previously existing longstanding short positions. The protective "grandfather" treatment proved controversial and critics say it has undermined efforts to combat short-selling abuses. The SEC also plans to vote on finalizing a proposal that would prohibit anyone who sells short a security in advance of an offering from purchasing the security in the offering. SEC officials say such an approach would help prevent manipulative short selling around an offering. Additionally, the SEC said it will consider whether to re-propose, rather than finalize, changes targeting the application of Regulation SHO to options market makers. Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to curb abuses including so-called "naked" short sales, in which short sellers don't borrow securities they sell, a practice some view as akin to counterfeiting. The rule, which took effect in 2005, imposed stricter requirements on locating and delivering shares that are sold short but excluded some previous short positions through a "grandfather" clause. -By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns*dowjones.com

By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission announced it will meet next Wednesday to vote on finalizing changes to rules intended to curb manipulative short selling, including short sales made before public securities offerings. Most of the changes being considered by the SEC were proposed in December and require a second vote by the five-member commission to take effect. One proposal would amend the SEC's Regulation SHO governing short sales to close a loophole that shielded some market participants from stricter requirements on closing out previously existing longstanding short positions. The protective "grandfather" treatment proved controversial and critics say it has undermined efforts to combat short-selling abuses. The SEC also plans to vote on finalizing a proposal that would prohibit anyone who sells short a security in advance of an offering from purchasing the security in the offering. SEC officials say such an approach would help prevent manipulative short selling around an offering. Additionally, the SEC said it will consider whether to re-propose, rather than finalize, changes targeting the application of Regulation SHO to options market makers. Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to curb abuses including so-called "naked" short sales, in which short sellers don't borrow securities they sell, a practice some view as akin to counterfeiting. The rule, which took effect in 2005, imposed stricter requirements on locating and delivering shares that are sold short but excluded some previous short positions through a "grandfather" clause. -By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns*dowjones.com (END) Dow Jones Newswires

--------------------
a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
audio] Chuck Jaffe's Stupid Investment Of The Week [11.1 min]
at MarketWatch (Fri 8:17am)

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
dmxbr9
Member


Member Rated:
4
Icon 1 posted      Profile for dmxbr9     Send New Private Message       Edit/Delete Post   Reply With Quote 
Guangzhou Global Telecom Issues Letter to Shareholders
Jun 11, 2007 8:30:00 AM

GUANGZHOU, China, June 11 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a wholesale distributor of mobile phone handsets, pre-paid calling cards and mobile handset value-added service provider in the PRC, has issued an open letter to shareholders. This letter is intended to provide a factual account of the Company's current line of business and address certain shareholder questions.

Guangzhou Global Telecom is a wholesale distributor of wireless products and services. Operating in Guangzhou, the heart of one of China's leading commercial and manufacturing regions, Guangzhou Global Telecom has established itself as a leading distributor, having formed distribution agreements with top Chinese telecom providers China Telecom, China Unicom and China Mobile as well as handset manufacturers Nokia, Rowa, Gionee, and Konka. The Company also currently owns and operates ten distribution and retail locations in Guangzhou.

Guangzhou Global Telecom's mobile telecommunications products and services include cell phones, phone calling cards and value-added services. To strengthen its position in the marketplace, the Company is opening additional locations as well as launching a next-generation Mobile Messaging Service (MMS). In addition to dissemination of information, the GZGT MMS(TM) will facilitate critical Company management functions such as meeting reminders, location changes, field reports, etc.

Within 2 weeks after setting up the branch in Zhengzhou, the Company signed a LOI with Zhengzhou Wangtian Electronic Technology Ltd. ("Wangtian") to acquire a 60% equity interest in Wangtian by issuing approximately 300,000 restricted common stocks to the shareholders of the Company. Please see Company PR June 7th, 2007 for more information on this transaction. In addition, the Company has set up two branches in Zhengzhou and Wuhan respectively within the recent 2 weeks. The movement can show our aggressive motivation to expand our network into new cities and provinces other than Guangzhou. With the expanding network, we can persuade more handset manufacturers to deliver products through our network. Furthermore, by developing a larger infrastructure, the Company will be able to sell more value-added services, which will increase Company margins and give us a competitive advantage over smaller companies in our market.

China has become the world's largest mobile telecommunications market. By the end of 2006, nearly 500 million Chinese citizens used mobile phones. This represents 37 percent of the population. In 2006 alone, more than 48 million people purchased their first mobile phones and projections indicate another 50 million more first time users will purchase in 2007.

China's urban markets are currently saturated with mobile phones, and by 2010 almost half of China's 1.3 billion people are expected to be using mobile phones, according to China Mobile. In addition to the size of the overall opportunity, marketers should note that 25 percent of mobile subscribers in China are between 20 to 24 years old. With the new 3G technology adopted, most of the mobile phone users will buy new phones to adapt the new 3G system. Ever changing technologies and features in handsets and related products, constantly create new opportunities with Company's current customer base.

Most Chinese mobile phone users buy their phones outright and pay by the call, and handset makers have more flexibility than in the West when adding functions to their handsets instead of reselling products configured by the carriers. Even customers, who can't afford a landline, including China's middle class, are excited about becoming mobile customers.

As evidenced by financials submitted to the SEC, The Company has seen revenue growth since its inception in 2004. In 2005, the Company's first full year in existence, Guangzhou Global Telecom had revenues of $6.7 million. Then in 2006 revenues rose by 91%, to $12.8 million. In 2007, the Company expects an increase in revenues by 44%, to 18.4 million, driven by increased sales in existing stores, as well as sales from additional regional retail centers.

During the three months ended March 31, 2007, revenues increased by 14.8% compared to the same period ended in 2006. The increase of revenue has mainly contributed to more acceptances of our products and services.

The gross margin dropped from 16% during the three months ended March 31, 2006 to 3% for the same period of 2007. The decrease is mainly due to China Mobile Guangzhou Branch changing its sales model, which left a thinner margin for agencies but took certain marketing functions itself. As a result, the decrease of the gross margin resulted in the decrease of selling expenses in the meantime.

As mentioned above, selling, general and administrative expenses decreased by 79% compare to the same period ended in 2006. This decrease is primarily due to the sharp decrease of advertising and marketing expenses.

Further, the Company received $500,000 in funding in April 2007 and the Company is confident it will raise the gross margins and bottom line.

Yankuan Li, CEO of Guangzhou Global Telecom states, "The Company is aware of the massive media campaign surrounding our company and our stock, good and bad. Much of what is being said is out of our control and the Company would like to distance itself from much of what is being circulated. One thing that we suggest to all potential investors is to speak to a registered investment advisor before making any investment. That being said, the fact is that we are a growing company inside one of the greatest growing wireless markets in the world. We are open and available to talk to our shareholders, brokers, and media to address any questions, comments, or concerns that they might have."

Posts: 375 | From: New Jersey | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
dmxbr9
Member


Member Rated:
4
Icon 1 posted      Profile for dmxbr9     Send New Private Message       Edit/Delete Post   Reply With Quote 
This looks like a great entry here at .70's area guys....sellers are drying up, time to start accuming the bottom
Posts: 375 | From: New Jersey | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Taguchi1
Member


Rate Member
Icon 1 posted      Profile for Taguchi1     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by dmxbr9:
This looks like a great entry here at .70's area guys....sellers are drying up, time to start accuming the bottom

Yeah....I agree. Been watching this for awhile and I think we found a bottom. Picking up some shares again. Bottom bounce here. This stock still has potential!
Posts: 11 | From: Orlando, Florida | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share