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» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » CHND very risky play 300k Float (Page 1)

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Author Topic: CHND very risky play 300k Float
stocktrader22
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Extremely volatile...

Some shares registered for sale..but only a 300k FLOAT

look at quarterly growth 300k float, PR today, and other stats
http://finance.yahoo.com/q/ks?s=CHND.OB

This could be a monster, volume is starting to come into this stock the past month, before very lightly traded. Like this one a lot.

Per PR from today a new 23 million in revenue through multiple orders coming in by end of 2007.

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stocktrader22
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market players still doesnt know about their 3 acquisitions which turns this company into a real company with revenue and a growing magenisum company wiht prices going up which is great for them. With 300k float, if a hedgie or any retail steps in this is going to take off.

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glassman
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300K float? sorry, but, don't be too confident about that:


http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001161697%2D07%2D00061 5%2Etxt&FilePath=%5C2007%5C05%5C22%5C&CoName=CHINA+DIRECT%2C+INC&FormType=424B3& RcvdDate=5%2F22%2F2007&pdf=

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stocktrader22
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Glass...as you could see I am not duping traders right now like many of the pump and dumpers on this website. You can see in my first post I mentioned shares are registered for sale.

Now a 4243B does not mean that the shares are hitting the market THIS SECOND. it means they are effective to hit the market when they want.

Yahoo has the float at 300k before the registration, now I see what you are saying that in the future the float will be bigger, but for the hell of it lets say the float goes to 2million, still a super super low float, for a growing stock that is profitable and under many peoples radar. I'm in this and will hold until I see 30%+ because this will be a winner when the market notices it.

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stocktrader22
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Did I mention its also a chinese play [Smile]

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glassman
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Now a 4243B does not mean that the shares are hitting the market THIS SECOND. it means they are effective to hit the market when they want

calm down, i'm not accusing you of P&D, the float is still incredibly low [Wink]

however? as a side note? i have watched FTD's on 424's that cause problems trying to cacklalck the float..

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stocktrader22
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Look bottom line is after all of the new shares hitting market O/S is still only 22 million, with the current O/S of 13million and float of 300k per last 10Q, the float will still be extremely small.

1) Magnesium prices continue to go up and this company continues to get orders for their magnesium

2) They are profitable

3) Revenue growth is substantial

4) Insiders own a boatload they know its going somewhere

5) Undervalued IMO here with the potential of this company and new contract.

6) When traders or a hedgie pick it up watch out.

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stocktrader22
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This play reminds me of IEAM story of revenue growth.

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a surfer
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http://stockcharts.com/charts/gallery.html?chnd

Interesting one here ST22.

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vichingo103
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I think ure alrite once again..Im in!
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a surfer
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went ahead and bought at 3.20

A bit of patience and I see 4-4.50

Thanks for sharing ST22.

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a surfer
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passing the 50 day moving avg. of 3.28 as I type...
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stocktrader22
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Looks like people are starting to react to that 23million contract news...just wait till traders catch on to how low the float is..when the float starts to get bought up watch how fast it runs.

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stocktrader22
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If you look at the volume I'd say people are catching on and when this float is bought up watch the explosion IMO..be patient boys this is just the beginning IMO

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stocktrader22
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Playing with it at $3.28 next stop IMO is $3.50

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a surfer
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agreed...
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stocktrader22
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nice volume today...this will pop soon

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stocktrader22
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up again today

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stocktrader22
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slowly but surely

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stocktrader22
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$3.43 now

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a surfer
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still holding ST22. Slow and steady is fine by me!!
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3.50
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stocktrader22
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yes sir.

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a surfer
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3.55 close. strong volume after 2 p.m.

Nice setup for early next week IMO

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jon clogger
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Once again, nice pick ST22. This one is going to pop in July.
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stocktrader22
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$3.78

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stocktrader22
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this stock will break out now till at least $4 IMO

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ansible
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Are you going to sell when it reaches $4? or hold out for more?
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stocktrader22
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$3.85

no clue ansible we will see then

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stocktrader22
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$3.90

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a surfer
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WOW!!! Gone all day....

Nice to see here ST22!!!

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jon clogger
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This is fun.
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a surfer
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4.16 now...
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a surfer
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4.50.... up .50 today!
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stocktrader22
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BAM, took longer then i thought, but knew $4+ coming
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