Bullish MACD crossover occurring today. Previous two MACD crossovers at the beginning of September and Early November amounted in a 100% gain from entry at this time. See attached chart.
http://stockcharts.com/def/servlet/SC.web?c=ttxi
Trading pattern and candlesticks also indicate an ascending triangle pattern which is an indication that a possible breakout will occur soon.
I believe we will see a third test of .19 and a possible breakout beyond on this next move which could mean astronomical gains from current levels… as when it breaks this key resistance area there is no upside resistance at all…
Could potentially explode to .40 or more. The float is very small… less than 8 million which means that this can move very fast.
Telco is a shell company with plans to merge with a Chinese Media Company. If this happens… which could be near term… this stock may in fact trade above $1.00. We all have seen how China related stocks have traded dramatically high recently and continue to explode.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
Telco Technology, Inc. Announces Progress In Efforts to Merge with Chinese Media Company
Friday September 26, 11:18 pm ET
CLOSTER, N.J., Sept. 26 /PRNewswire-FirstCall/ -- Telco Technology, Inc. (OTC Bulletin Board: TTXI - News; the "Company" or "TTXI") announced today that the transaction with the Chinese based media company continues to progress toward the proposed merger. The Company previously announced that it had signed a Letter of Intent to merge with the acquisition candidate.
From September 13 through September 17, 2003, Don McKelvey, Chairman of the Company, visited Beijing and reviewed the business opportunities with such company. It is contemplated that a second China-based company may be included in the merger. Total combined revenues are expected to be in the $20 Million range with profits in the $2.5 Million range. The second company is in the media industry as well, which represents large significant opportunities within the Chinese market.
"I was impressed with the attractive climate for investment in growing technology companies in these markets. We are working diligently to implement a plan for success, and believe that these Chinese markets continue to expand and are a natural fit for long-term shareholder value," said Don McKelvey, Chairman.
The Company anticipates that the parties will soon begin to work on a definitive agreement and Mr. McKelvey plans to return to Beijing in October to continue the talks to complete the transaction. The Company reported that a New York investment banking firm, which has expressed an interest in providing financing, will also be on the trip.
TTXI further indicated that it believes that the Chinese media markets are huge and content providers represent the future of these markets. This transaction is intended to include TV content, production and distribution according to the Company.
Although the Company is hopeful the transaction can be completed over the next several months, there can be no assurance that an agreement will be signed or that said transaction will ultimately be consummated.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
quote:
Originally posted by kitkatranchgirl:
good pick mac looks good
Plus they have been talking that chinese business for a while now.
good luck to all who seek to prosper from it.
quote:
Originally posted by FiftyCent:
buying stock from a company not doing any business scares me!!!!!!!!!!!!!!Plus they have been talking that chinese business for a while now.
good luck to all who seek to prosper from it.
[QUOTE]Originally posted by machtabow2:
[B]TTXI- Telco Technology - Due your own DD... but I believe you will see another big move here very soon. mach
GENERAL PROFILE: http://finance.yahoo.com/q/pr?s=TTXI.OB
6 MONTHS CHART: http://cbs.marketwatch.com/tools/quotes/javachart.asp?symb=TTXI&sid=&intflavor=javachart&siteid=mktw
VERY LOW FLOAT: http://finance.yahoo.com/q/ks?s=TTXI.OB
CHART 1: BULLISH http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[l,a]daclyyay[da][pb5!b10][vc60][iUp65,5,3!La12,26,9]&pref=G
CHART 2: BULLISH http://www.stockta.com/cgi-bin/analysis.pl?symb=TTXI&num1=2&cobrand=&mode=stock
Composite Indicator
Trend Spotter (TM) Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Hold
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy
20-Day Average Volume - 766045
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 469320
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 516965
Overall Average: 48% - Buy
SHORT TERM GOAL:
Telco Technology, Inc. Announces Progress In Efforts to Merge with Chinese Media Company
9/26/2003 11:18:00 PM
CLOSTER, N.J., Sep 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- Telco Technology, Inc. (OTC Bulletin Board: TTXI) (the "Company" or "TTXI") announced today that the transaction with the Chinese based media company continues to progress toward the proposed merger. The Company previously announced that it had signed a Letter of Intent to merge with the acquisition candidate.
From September 13 through September 17, 2003, Don McKelvey, Chairman of the Company, visited Beijing and reviewed the business opportunities with such company. It is contemplated that a second China-based company may be included in the merger. Total combined revenues are expected to be in the $20 Million range with profits in the $2.5 Million range. The second company is in the media industry as well, which represents large significant opportunities within the Chinese market.
"I was impressed with the attractive climate for investment in growing technology companies in these markets. We are working diligently to implement a plan for success, and believe that these Chinese markets continue to expand and are a natural fit for long-term shareholder value," said Don McKelvey, Chairman.
The Company anticipates that the parties will soon begin to work on a definitive agreement and Mr. McKelvey plans to return to Beijing in October to continue the talks to complete the transaction. The Company reported that a New York investment banking firm, which has expressed an interest in providing financing, will also be on the trip.
TTXI further indicated that it believes that the Chinese media markets are huge and content providers represent the future of these markets. This transaction is intended to include TV content, production and distribution according to the Company.
Although the Company is hopeful the transaction can be completed over the next several months, there can be no assurance that an agreement will be signed or that said transaction will ultimately be consummated.
Telco-Technology, Inc. currently has no business operations; however, the Company seeks to acquire a privately held company within the telecommunications and/or internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
Safe Harbor Statement
Under the Private Securities Litigation Act of 1995, with the exception of historical information, the matters discussed in this release are forward- looking statements that involve a number of risks and uncertainties. The actual future results of TTXI could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to the ability of TTXI to find and complete an acquisition or merger. For more complete discussions of risks, see the information contained in the "Uncertainties and Risk Factors" Section of the Company's From 10-KSB for the year ended December 31, 2002.
FOR MORE INFORMATION CONTACT:
Wall Street Communications, Inc.
Howard A. Scala, President
800 338-9338
Telco Technology, Inc.
Don McKelvey, Chairman
201 768-2310
em:Mckelveydon@hotmail.com
www.TTXI.com
SOURCE Telco Technology, Inc.
Howard A. Scala, President of Wall Street Communications, Inc.,
+1-800-338-9338; or Don McKelvey, Chairman of Telco Technology, Inc.,
+1-201-768-2310, Mckelveydon@hotmail.com
------------------
"... For the things which are seen are temporary, but the things which are
not seen are eternal." 2 Cor. 4:18
[This message has been edited by trader01 (edited December 10, 2003).]
Let's say you invest $500 in this company at .10 cents.. Round numbers. Now if the merger is completed... you will likely see this rocket to over $1-$1.50 in just a day or so... and then you have $5000-7500!!!!!! Of course it could not be completed and back to .02 and you lose $400. And it also helps to know that the merger does sound like it's moving forward. Risk/Reward
On a different note... If you just trade it... I think another run is coming soon... based on my initial analysis. Determine when you want to enter... but I believe we will see a floor here very soon... I don't bottom fish... TTXI as I've seen too many people chase it up dramatically on the up days. mach
quote:
Originally posted by trader01:
interesting pick mach, but isnt the volume a little bit too low? 283,000 shares put into perspective is roughly 30,000$ switching hands.[This message has been edited by trader01 (edited December 10, 2003).]
quote:
Originally posted by machtabow2:
I'm not sure of a launch within the next day... but you never know... Give or take a few days... I think a move will happen soon. I'm trying to get in as close to .11 as possible... I'm not sure if I will get .10. Mav... thanks for the great DD. Outstanding work as usual. I've been on the ride for the last two huge moves... and this will be the third. I think the next move will be the final move that breaks upward resistance... we shall see... mach
quote:
Originally posted by machtabow2:
Wow! I'm watching Bid support start to build up here today... It may begin to move up soon. mach
quote:
Originally posted by Mav:
Did you look what just happend they put up the bid and second laters they dragged it down ....
quote:
Originally posted by machtabow2:
I see MM would like a few more shares. Working hard... They've got it at .105X.115 now. You should see when this moves up... it moves like lightening and it's very difficult to pick up shares. mach
quote:
Originally posted by machtabow2:
I picked some up at .115... but am still waiting for a fill at .11. mach
quote:
Originally posted by machtabow2:
Well there are 9 MM sitting at .10 and .105. I imagine the only people getting a fill at that level are the MM. I'm taking what I can get... and will average down if necessary as I think a "spring-board" bounce effect is possible from these levels. mach
[This message has been edited by Mav (edited December 10, 2003).]
[This message has been edited by Mav (edited December 10, 2003).]
quote:
Originally posted by Mav:
I don't think Mr. McKelvey went to China to come back empty handed !!!.[This message has been edited by Mav (edited December 10, 2003).]
[This message has been edited by Mav (edited December 10, 2003).]
[This message has been edited by Mav (edited December 10, 2003).]
quote:
Originally posted by Mav:
MACH, I just sent you an important email, please read it.[This message has been edited by Mav (edited December 10, 2003).]
quote:
Originally posted by machtabow2:
Mav... does that seem realistic? mach
quote:
Originally posted by Mav:
Well, I am just thinking about it here, they are far away from it. Don't you think ?.
quote:
Originally posted by machtabow2:
Well you and I can fly to the moon tommorrow if you'd like in my car. mach
quote:
Originally posted by machtabow2:
Mav... did you get a fill at .11 here? The one thing about TTXI that I've learned is that it will bore you to death for days... and then just explode. mach
quote:
Originally posted by Mav:
NO, the MMs just passed over me, Did you see that ?. I am waiting @ 0.111
quote:
Originally posted by machtabow2:
I think Tony's post regarding MM needing shares might be accurate.... I honestly think there are many people holding rather large positions here and holding them strong... Witha float of 8 million... I mean... more than half can be in limbo... once again... small float mean bigger upside moves... you will see what I'm talking about when it begins to move up... it's like good luck getting in. mach
Strong move to .15 a few days back and consolidation down for three days forming a DOJI at the bottom of the move... which is a bullish reversal signal. I'd pick up a handfull as it could possibly springboard tommorrow for gains from current levels... imho mach
quote:
Originally posted by Mav:
I am trying to get in at a lower price, if not, I will get in at the close @ask. What do you think ?.
quote:
Originally posted by machtabow2:
If you're asking...I'll say this... If we close flat @ .115... which is likely... it will have done the following...Strong move to .15 a few days back and consolidation down for three days forming a DOJI at the bottom of the move... which is a bullish reversal signal. I'd pick up a handfull as it could possibly springboard tommorrow for gains from current levels... imho mach
quote:
Originally posted by Mav:
Looking at level II, there are 3 MMs @ 0.115 ASK and 3 MMs @ 0.105, this is going to close flat as you said. If any, the hands are very strong here.
quote:
Originally posted by trader01:
has anyone tried to contact the company to suck out any merger info?
quote:
Originally posted by trader01:
you got an address for them?
quote:
Originally posted by machtabow2:
It's funny they dropped the bid to .105 and yet "who was filled at .11?" They're shaking what they can. Strategy. mach
Telco Technology, Inc.
Don McKelvey, Chairman
201 768-2310
em:Mckelveydon@hotmail.com www.TTXI.com
SOURCE Telco Technology, Inc.
Howard A. Scala, President of Wall Street Communications, Inc.,
+1-800-338-9338; or Don McKelvey, Chairman of Telco Technology, Inc.,
+1-201-768-2310, Mckelveydon@hotmail.com
quote:
Originally posted by trader01:
you got an address for them?
But hopefully something works out for you guys and you can make some fast cash.
quote:
Originally posted by Mav:
FOR MORE INFORMATION CONTACT:
Wall Street Communications, Inc.
Howard A. Scala, President
800 338-9338Telco Technology, Inc.
Don McKelvey, Chairman
201 768-2310
em:Mckelveydon@hotmail.com www.TTXI.com
SOURCE Telco Technology, Inc.Howard A. Scala, President of Wall Street Communications, Inc.,
+1-800-338-9338; or Don McKelvey, Chairman of Telco Technology, Inc.,
+1-201-768-2310, Mckelveydon@hotmail.com
I'm gonna investigate this company further before any money goes their way
quote:
Originally posted by Jeremy:
Heh.. a hotmail address. And did you see the website? Granted it may have the potential to make some money.. but I personally don't like to put money into a company that operates their contact info via hotmail, and their website looks like something a kindergarten student madeBut hopefully something works out for you guys and you can make some fast cash.
quote:
Originally posted by machtabow2:
Boy MAV you are quick! Look at this chart real quick. See the Doji formation at the bottom of consolidation.... mach
daclyyay[da][pb50!b200][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[m,a]daclyyay[ da][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
quote:
Originally posted by machtabow2:
Boy MAV you are quick! Look at this chart real quick. See the Doji formation at the bottom of consolidation.... mach
daclyyay[da][pb50!b200][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[m,a]daclyyay[ da][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
[This message has been edited by Jeremy (edited December 10, 2003).]
quote:
Originally posted by trader01:
I send the chairman an email regarding merger news and if we should expect a PR soon. Hope he replies ASAP, cuz i wanna get into this company quick.
quote:
Originally posted by trader01:
I got filled in literally 2 seconds at 0.11
quote:
Originally posted by trader01:
I got filled in literally 2 seconds at 0.11
thats all
-moose-
quote:
Originally posted by machtabow2:
I'm looking at Level II and another streamer... I didn't see any .11's recently at all. mach
quote:
Originally posted by Moose:
Well I called again...Talked to Howard this time. He said that Don has meet with the chinese company numerous times since september after his trip there, and that the merger was looking "very very good/likely". Though he isn't able to give a date to when a PR might be release giving more details to the current situtation of the merger.
He then went on to say that he has worked with Telco and Don for a few years now and that they are a sincere company and are working hard to move forward. He also went on to talk about the growing industries in China and how it would be a great time to get involved.thats all
-moose-
<3:35:43 PM>
Wish he would have given a timeframe though
quote:
Originally posted by Marcidius:
What does that mean to you guys, still seems pretty decent doesn't it?Wish he would have given a timeframe though
thanks... i will be waiting for an email reply from them tomorrow, i hope it would be a bit more clear with details.
In my opinion after talking to him, it seemed like it would be soon, but not too soon. I'm thinking January. Give him a call though, he is very talkative, I think I said maybe 3 sentences during the 5 minute call lol
quote:
Originally posted by trader01:
moose - did you manage to get just a faint idea of when a PR might be released? like sometime before new years?thanks... i will be waiting for an email reply from them tomorrow, i hope it would be a bit more clear with details.
quote:
Originally posted by Mav:
I can not belive it. ....
Looks like you guys have been busy. I think I'm going to have to watch this one from the sideline. I'm tapped out at the moment.
Good luck to everyone who is in!
PSU
quote:
Originally posted by PSU90:
Wow....Been out of the office all afternoon. Just read the PGHI post and wondered where Mach and Mav had been all day...LOL!Looks like you guys have been busy. I think I'm going to have to watch this one from the sideline. I'm tapped out at the moment.
Good luck to everyone who is in!
PSU
[This message has been edited by PSU90 (edited December 10, 2003).]
quote:
Originally posted by machtabow2:
Look at this chart. Look how this thing is forming an upward cup. They say that often the greatest gains to be made in a stock is to hop on the up hook... I firmly believe on the next run to .19 it will break resistance... Stocks usually break through on the third try... Hopefully we get a PR before Christmas on this... Wouldn't that be Merry! 10,000 shares today = $1150 Investment. 10,000 shares when the deal is closed is minimum $11,500!!!!!!!!!! mach
daclyyay[da][pb5!b10!f][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[w,a]daclyyay[ da][pb5!b10!f][vc60][iUb14!La12,26,9]&pref=G
quote:
Originally posted by machtabow2:
I see that... you didn't get your fill right.. you know i did look over the trading and saw one trade go through for .11 cents in the last hour. Believe it was 10000 shares. mach
quote:
Originally posted by machtabow2:
Hey You! Yeah you! Do you kow what an Ascending Triangle is? If you do... you will see why I'm getting more excited about this stock every day... Look at the attched chart with ZigZag retracements. Notice how the lows keep on getting higher and is forming an extremely strong "ascending Pattern"... If you would take a ruler... you would be able to draw a straight line up the lows.... Now there has also been a ceiling... Take the same ruler and you will draw a straight line across the top... Now what will likely happen very soon as the pattern continues is a breakout through resistance and a dramatic move upward. This is not an overnight play... and may develop over several days and maybe weeks... but I firmly believe that this will continue to move up unless there is news that would change that trend. mach
daclyyay[dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[h,a]daclyyay [dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G
quote:
Originally posted by machtabow2:
Hey You! Yeah you! Do you kow what an Ascending Triangle is? If you do... you will see why I'm getting more excited about this stock every day... Look at the attched chart with ZigZag retracements. Notice how the lows keep on getting higher and is forming an extremely strong "ascending Pattern"... If you would take a ruler... you would be able to draw a straight line up the lows.... Now there has also been a ceiling... Take the same ruler and you will draw a straight line across the top... Now what will likely happen very soon as the pattern continues is a breakout through resistance and a dramatic move upward. This is not an overnight play... and may develop over several days and maybe weeks... but I firmly believe that this will continue to move up unless there is news that would change that trend. mach
daclyyay[dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[h,a]daclyyay [dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G
quote:
Originally posted by machtabow2:
Hey You! Yeah you! Do you kow what an Ascending Triangle is? If you do... you will see why I'm getting more excited about this stock every day... Look at the attched chart with ZigZag retracements. Notice how the lows keep on getting higher and is forming an extremely strong "ascending Pattern"... If you would take a ruler... you would be able to draw a straight line up the lows.... Now there has also been a ceiling... Take the same ruler and you will draw a straight line across the top... Now what will likely happen very soon as the pattern continues is a breakout through resistance and a dramatic move upward. This is not an overnight play... and may develop over several days and maybe weeks... but I firmly believe that this will continue to move up unless there is news that would change that trend. mach
daclyyay[dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=TTXI,uu[h,a]daclyyay [dc][pe5!b200!f][vc60][iUb14!La12,26,9]&pref=G
quote:
Originally posted by machtabow2:
Again follow this link and learn more about ascending triangles and then take a closer look at the TTXI chart. mach
http://stockcharts.com/education/ChartAnalysis/triangle-Ascending.html
quote:
Originally posted by Mav:
I hope I have a good chance to get in tomorrow ....
quote:
Originally posted by trader01:
If it performs as expected you shouldnt have any difficulties getting in late at around 0.12. I have a gut feeling its a slow but steady climber... quite different from what Mach said about its rapid movement. If you look back to Nov.6 through Nov.12 it moved approximately 300% over a 6 day period.
quote:
Originally posted by Mav:
So we could say that ceiling is at 0.2 ?
quote:
Originally posted by machtabow2:
Around .02... But I believe the actual breakout point is .19... I realize it broke that once... but that definitely needed consolidation... Usually the breakout occurs after the third run up... I think the first ran to .18.. the second .20... I think the third is coming.. sometime within two weeks. mach
quote:
Originally posted by trader01:
If it performs as expected you shouldnt have any difficulties getting in late at around 0.12. I have a gut feeling its a slow but steady climber... quite different from what Mach said about its rapid movement. If you look back to Nov.6 through Nov.12 it moved approximately 300% over a 6 day period.
quote:
Originally posted by Mav:
Basically, this will continue to go up slowly before the run.
[This message has been edited by Mav (edited December 10, 2003).]
Let's say I tell you that I will sell you a lotto ticket for $500. And your odds are lets say 50/50 that you either win $5000-$7500 or more or lose $300... Would you buy the ticket? It's like flipping a quarter.
If you follow my thought process. As long as you do not bet the farm... I think it makes sense to have an investment here. I believe the odds may in fact be better than 50/50. From every indication that I'm getting... it may be closer to 70/30... ie... you would have a 70% chance of making a killing here...
Also... I think there is a strong possibility of a breakout above .19 without news... and not a limit of .25... but rather to .40... just in anticipation of a merger.
$300/$5000/$75000 or more. mach
quote:
Originally posted by Mav:
What could turn this thing down ?. Let's think here, this company has 0 employees, is not making any business, so the bad news possible is that they don't close the deal, so we will need to get out very fast before it head south. I know that very high risk is a issue here, but we need to have a plan to know what to do in case of that happening. We can work it out together. What do you think ?, This is just an idea, anyone ??? Profits can be huge ..
quote:
Originally posted by machtabow2:
Mav... I hear you... I thought about this logically for the longest time... I've made so much money in the past few weeks that it makes buying a little easier... but...Let's say I tell you that I will sell you a lotto ticket for $500. And your odds are lets say 50/50 that you either win $5000-$7500 or more or lose $300... Would you buy the ticket? It's like flipping a quarter.
If you follow my thought process. As long as you do not bet the farm... I think it makes sense to have an investment here. I believe the odds may in fact be better than 50/50. From every indication that I'm getting... it may be closer to 70/30... ie... you would have a 70% chance of making a killing here...
Also... I think there is a strong possibility of a breakout above .19 without news... and not a limit of .25... but rather to .40... just in anticipation of a merger.
$300/$5000/$75000 or more. mach
quote:
Originally posted by Moose:
Well I called again...Talked to Howard this time. He said that Don has meet with the chinese company numerous times since september after his trip there, and that the merger was looking "very very good/likely". Though he isn't able to give a date to when a PR might be release giving more details to the current situtation of the merger.
He then went on to say that he has worked with Telco and Don for a few years now and that they are a sincere company and are working hard to move forward. He also went on to talk about the growing industries in China and how it would be a great time to get involved.thats all
-moose-
quote:
Originally posted by machtabow2:
Mav... you are right. You know we are already doing it and we should do more... We could bag a fortune... Let's try as hard as possible to accumulate knowledge from the inside. Moose started it earlier today. He called and talked to Harry (I think that was the name.) Let's call daily... Let's plan this out. Maybe one call daily from each of us to follow up and learn about developments. Try and get a feel for what's going on... Where the President is... Get a feeling via voice tone... maybe even detail our phone conversations... I'm liking this idea. Let me know if anyone would like to do this... A phone call a day... An email each day... and detailed infomation placed on this board. What do you think? Anything else.... that way we could gauge our holdings in this company. mach
quote:
Originally posted by Mav:
I am on it, let's do it. !!!!
quote:
Originally posted by trader01:
i like your idea Mach! i do see the upside potential they have... i hope an email reply from them tomorrow will answer some of our questions.
quote:
Originally posted by Mav:
I also sent an email.
Chinese Internet Company Has Hot IPO
Associated Press
NEW YORK - In a debut that brought to mind the heady days of the Internet stock boom, shares of a Chinese travel Web site almost doubled in their first day of trading Tuesday.
The stock of Ctrip.com International Ltd. closed on the Nasdaq Stock Market at $33.94 a share, up 89 percent from the $18 offering price set on its initial public offering of 4.2 million American depositary shares.
It was the highest first-day gain since the shares of chip maker Transmeta Corp. rose 115 percent in November 2000, according to data from Thomson Financial in Newark, N.J.
"It's been a long time," said Richard Peterson, Thomson's chief market strategist.
The gains came the same day as the Dow Jones industrials reached another milestone from markets past, crossing the 10,000 level in intraday trading.
There was strong demand for Ctrip's shares even before they began trading, as reflected in the pricing of the deal, which was led by Merrill Lynch & Co. Last week, the company hiked price expectations to between $16 and $18 from between $14 and $16 per ADS. The IPO priced at the high end of that revised range.
Ctrip, which is based in Shanghai but incorporated in the Cayman Islands, sells airline tickets and hotel reservations to business and individual travelers in China. About 85 percent of its business focuses on hotel reservations.
It is relatively new company, founded in 1999. Including dividends paid to existing shareholders and the effects of preferred stock, the company reported a $2.6 million net loss on $12.8 million in revenue over the first nine months of this year. For all of 2002, it reported a $2.3 million loss on $12.1 million in revenue.
Without the dividends, Ctrip would have reported net income of $3.5 million in the first nine months of this year, and $1.7 million for full-year 2002.
The company also has a relatively high profit margin of about 85 percent. That was a big draw for investors, said Francis Gaskins, president of IPOdesktop.com, which tracks new issues.
In addition, Ctrip is "an easy way to participate in the secular economic growth of China," Gaskins said.
Internet companies based in China have enjoyed a strong run in 2003, and online travel appears to be a growth area in the region. On Tuesday, just as Ctrip was readying its debut, another Chinese Internet company, Sina Corp., said it was acquiring Fortune Trip, a hotel-booking company based in Shanghai. Sina, which has seen its own stock rise four-fold this year, didn't release financial terms of the purchase.
Later this week, China Life Insurance Co. Ltd., an insurer based in Beijing, will seek to raise $2.62 billion. Though the offering will price Thursday, trading isn't expected on the New York Stock Exchange until next Wednesday, a delay typical of large Chinese IPOs on the NYSE.
Although all of Ctrip's business is focused around China, U.S. IPO analysts were also looking at the deal as a possible barometer for next week's debut of U.S. online travel site Orbitz Inc. Orbitz, which is owned by major U.S. airlines, plans to sell 11 million shares at $22 to $24 a share during the week of Dec. 15.
Chinese stocks posted hefty gains, attracting interest from traders betting that the country's economy will continue to boom. US-traded shares of PetroChina, China's largest oil firm, surged 5.23 per cent, or $2.15, to $43.25, after earlier hitting a fresh 52-week high of $43.40.
China was in the spotlight, with President George W. Bush set to meet Chinese Premier Wen Jiabao for talks on Tuesday. Bush will urge Jiabao to take steps to move China's yuan to a free-floating currency, a senior Bush administration official said.
US Stocks: Late surge lifts Dow to year high
09.12.2003 10.40 am
NEW YORK - US stocks rallied in a late-day buying spurt today, sending the blue-chip Dow to a fresh 2003 high as investors bet the Federal Reserve would keep interest rates at record lows when it meets on Tuesday, helping fuel the current economic recovery.
Despite the hefty gains, traders noted that trading activity was fairly muted. Volume on the New York Stock Exchange was moderate, with less than 1.2 billion shares changing hands.
"The market is higher, but it's on very low volume -- not what we typically see when there's lots of traders participating," said Ozan Akcin, chief market strategist at Puglisi & Co. "But there's many factors keeping optimism afloat, coming from recent indicators showing a pickup in the economy."
Financial markets do not expect the Federal Reserve to start raising rates for months. Still, the wording of the Fed's statement on Tuesday has become a main focus in recent weeks.
The Fed could drop a controversial promise to keep official interest rates low for "a considerable period," but analysts say it would largely be an exercise in semantics.
The Federal Reserve's policy-setting Federal Open Market Committee will release its statement at the end of the meeting, at about 19.15 GMT.
The Dow Jones industrial average rose 102.59 points, or 1.04 per cent, to 9,965.27, its highest close since May 28, 2002. The Standard & Poor's 500 Index gained 7.80 points, or 0.73 per cent, to 1,069.30. The technology-laced Nasdaq Composite Index erased earlier losses and ended up 11.03 points, or 0.57 per cent, at 1,948.85.
Expectations that the Fed will hold interest rates steady helped offset investor fears over the dollar's slide against rival currencies, traders said. In currency trading, the dollar dropped to a record low against the euro for the seventh straight day on Monday, and sank to a three-year low versus the yen. The euro climbed to a record $1.2239, while the dollar fell to a three-year low around 107.14 yen earlier in the day.
Concerns over low US interest rates and a yawning trade deficit have prompted some investors to shun the dollar, which has overshadowed evidence of a US economic recovery.
Boeing was the blue-chip Dow's biggest percentage gainer. Its shares rose $1.12, or 2.95 per cent, to $39.12. A top Boeing official said on Monday that Boeing's new chief executive would ask the board to next week authorise the company's new 7E7 plane, a more cost-efficient plane it hopes to begin delivering in 2008.
In earning news, shares of Avon Products Inc. fell, after the cosmetics company forecast quarterly earnings slightly below analysts' average estimate.
Avon shares fell $5.40, or 7.93 per cent, to $62.67. Avon also said its US sales would fall somewhat below its earlier projections, due to unfilled demand for gifts and home decorations, and weaker promotions on fragrances.
Steel stocks surged, helped by a report quoting a fund manager who said the Bush administration's early elimination of tariffs on imported steel would not likely hurt US steel companies. The report, which appeared in Barron's newspaper, also quoted the fund manager saying steel prices would rise sharply over the coming months.
Shares of US Steel, the country's biggest integrated steelmaker, jumped $1.78, or 6.8 per cent, to a new 52-week high of $27.91, lifting the Standard & Poor's steel index 4.24 per cent.
Chinese stocks posted hefty gains, attracting interest from traders betting that the country's economy will continue to boom. US-traded shares of PetroChina, China's largest oil firm, surged 5.23 per cent, or $2.15, to $43.25, after earlier hitting a fresh 52-week high of $43.40.
China was in the spotlight, with President George W. Bush set to meet Chinese Premier Wen Jiabao for talks on Tuesday. Bush will urge Jiabao to take steps to move China's yuan to a free-floating currency, a senior Bush administration official said.
From September 13 through September 17, 2003, Don McKelvey, Chairman of the Company, visited Beijing and reviewed the business opportunities with such company. It is contemplated that a second China-based company may be included in the merger. Total combined revenues are expected to be in the $20 Million range with profits in the $2.5 Million range. The second company is in the media industry as well, which represents large significant opportunities within the Chinese market.
[QUOTE]Originally posted by machtabow2:
[B]China related IPO's have been hot! I expect no less from a merger with a shell. Hot! mach
Chinese Internet Company Has Hot IPO
Associated Press
NEW YORK - In a debut that brought to mind the heady days of the Internet stock boom,...
Call it a glossy gold rush. The print advertising market in China is growing at 37% annually, with total revenues of $5.5 billion last year. Those numbers haven't escaped the attention of media moguls worldwide. A few early birds in the magazine business -- mostly tech titles -- have been in China since the 1980s. But lately, international publishers have been piling in, forming joint ventures with Chinese partners or licensing their name and content for publication on the mainland. Today, more than 50 foreign magazines have Chinese-language editions, with a dozen more expected in the coming year. "Investors see China as an untapped media market with huge potential," says Li Xiguang, director of the Center for International Communications Studies at Tsinghua University in Beijing.
The opening of the Chinese media market to new publicatio
quote:
Originally posted by Mav:
As I read I think we should focus on companies related in any way with China economy. Don't you think ?.[QUOTE]Originally posted by machtabow2:
[B]China related IPO's have been hot! I expect no less from a merger with a shell. Hot! machChinese Internet Company Has Hot IPO
Associated PressNEW YORK - In a debut that brought to mind the heady days of the Internet stock boom,...
TTXI further indicated that it believes that the Chinese media markets are huge and content providers represent the future of these markets. This transaction is intended to include TV content, production and distribution according to the Company.
China Life is IPO of the week
Commentary: Renaissance Capital eyes giant insurer
By Renaissance Capital
Last Update: 10:37 AM ET Dec. 10, 2003
China Life (LFC: news, chart, profile) plans to sell roughly 161.8 million American Depositary shares, at a price range of $15.35 to $18.80.
China International, Citigroup, CS First Boston and Deutsche Bank Securities are underwriting the global offering.
The ADS offering is expected to price on Thurs., Dec. 11 but will not begin trading on the NYSE until Wed., Dec. 17.
Rapid economic growth in China in recent years has led to the development of a new "middle class" with higher per capita income.
This development, coupled with an aging population, has resulted in increasing demand for life insurance and investment products by individuals and groups in China.
In a separate effort to privatize the Chinese social welfare system, the Chinese government has encouraged companies to offer health insurance. The Chinese government has now decided to partially spin off China Life, the nation's No. 1 life insurance company.
While competition is increasing, China Life has a 45 percent market share and is well positioned to fend of new entrants thanks to its strong brand name and well-developed nationwide distribution system. In addition, the Chinese life and health insurance markets are still early stage, and growth should remain strong over the coming years.
China Life is primarily provides individual life insurance, which represents 80 percent of total gross written premiums and policy fees. Group life insurance is a small part of the business, with just 1 percent of gross written premiums.
The company also offers accident and health insurance, and it has created a joint venture with its government parent to provide asset management products and services to other insurers. China Life has more than 44 million insurance policies in force and services 68 million policies retained by the government.
Going forward, China Life expects its individual life insurance and health insurance segments to be the main drivers for growth. Since 1999, the Chinese life insurance market has grown at a pace of 38 percent annually, and the health insurance segment has grown 36 percent per year since 2000.
As always, no IPO comes without risk. One concern we have about China Life is the potential share overhang since the government will continue to own 75 percent of the company after the IPO. Furthermore, while regulations are being relaxed, significant investment constraints are still in place, allowing China Life to invest its premiums and deposits in China only.
With China finally opening the insurance segment to foreign investors, we'd expect to see great interest in this deal. While many executives are in some way tied to the government and the likelihood of future liquidation by the government could put pressure on the stock, China Life should garner a premium valuation in light of its expected growth rate, and investor sentiment toward China is strong.
quote:
Originally posted by Mav:
Mach, this bellow is not related with this stock but talks about the same topic we have here about China economy.China Life is IPO of the week
Commentary: Renaissance Capital eyes giant insurer
By Renaissance Capital
Last Update: 10:37 AM ET Dec. 10, 2003
China Life (LFC: news, chart, profile) plans to sell roughly 161.8 million American Depositary shares, at a price range of $15.35 to $18.80.China International, Citigroup, CS First Boston and Deutsche Bank Securities are underwriting the global offering.
The ADS offering is expected to price on Thurs., Dec. 11 but will not begin trading on the NYSE until Wed., Dec. 17.
Rapid economic growth in China in recent years has led to the development of a new "middle class" with higher per capita income.
This development, coupled with an aging population, has resulted in increasing demand for life insurance and investment products by individuals and groups in China.
In a separate effort to privatize the Chinese social welfare system, the Chinese government has encouraged companies to offer health insurance. The Chinese government has now decided to partially spin off China Life, the nation's No. 1 life insurance company.
While competition is increasing, China Life has a 45 percent market share and is well positioned to fend of new entrants thanks to its strong brand name and well-developed nationwide distribution system. In addition, the Chinese life and health insurance markets are still early stage, and growth should remain strong over the coming years.
China Life is primarily provides individual life insurance, which represents 80 percent of total gross written premiums and policy fees. Group life insurance is a small part of the business, with just 1 percent of gross written premiums.
The company also offers accident and health insurance, and it has created a joint venture with its government parent to provide asset management products and services to other insurers. China Life has more than 44 million insurance policies in force and services 68 million policies retained by the government.
Going forward, China Life expects its individual life insurance and health insurance segments to be the main drivers for growth. Since 1999, the Chinese life insurance market has grown at a pace of 38 percent annually, and the health insurance segment has grown 36 percent per year since 2000.
As always, no IPO comes without risk. One concern we have about China Life is the potential share overhang since the government will continue to own 75 percent of the company after the IPO. Furthermore, while regulations are being relaxed, significant investment constraints are still in place, allowing China Life to invest its premiums and deposits in China only.
With China finally opening the insurance segment to foreign investors, we'd expect to see great interest in this deal. While many executives are in some way tied to the government and the likelihood of future liquidation by the government could put pressure on the stock, China Life should garner a premium valuation in light of its expected growth rate, and investor sentiment toward China is strong.
China Life anticipation builds
NPTest, NelNet set to trade on Thursday
NEW YORK (CBS.MW) -- Anticipation is building for the blockbuster $2.8 billion China Life IPO as the insurance giant gets ready to price on Thursday for its stock market debut on Dec. 17.
Meanwhile, student loan provider Nelnet (NNI: news, chart, profile) priced its initial public offering ahead of its stock market debut Thursday. Tech firm NPTest (NPTT: news, chart, profile) was expected to price its IPO late Wednesday as well.
China Life (LFC: news, chart, profile) plans to sell roughly 161.8 million shares at a price range of $15.35 to $18.80 in a global offering with underwriters China International, Citigroup, CS First Boston and Deutsche Bank Securities.
The deal is already about 10 times oversubscribed as institutional investors clamor for shares of China's largest insurance firm, according to a report from Reuters.
China Life comes on the heels of a blowout 89 percent jump in shares of Shanghai-based travel Web site Ctrip (CTRP: news, chart, profile) amid frothy demand for China-based companies. Ctrip closed at $33.94 in its stock market debut on Tuesday. See full story.
At one point, Ctrip.com touched a high of $37.35 and became the first IPO since Transmeta to double its $18 offer price in its first day of trade. Transmeta (TMTA: news, chart, profile), a mobile computer chip maker, surged 115 percent on Nov. 7, 2000, according to data from Thomson Financial.
NPTest to debut
NPTest refiled its IPO in September after former unit of Schlumberger was sold for $220 million to Francisco Partners and Shah Management in a leveraged buyout.
Francisco Partners is also an investor in chip maker Amis Holdings (AMIS: news, chart, profile) which want public on Sept. 24.
NPTest's roots go back to 1965, when Fairchild Semiconductor established an automated test equipment division.
The company plans to offer 14.6 million shares at $11-$13 each in a bid to raise up to $190 million with underwriter Citigroup.
Nelnet set to debut
Nelnet Inc. on Wednesday priced its initial public offering of 8 million shares at $21 each for net proceeds of $16.8 million. Shares were priced slightly above the anticipated range of $18-$20 a share.
The company's stock is scheduled to begin trading on the New York Stock Exchange Thursday.
Lincoln, Neb.-based Nelnet rang up $49 million in net income and revenue of $191 million in 2002 as a provider of student loans. The underwriter is JP Morgan
Hoping for a bull China shop
Merrill Lynch, Bank of China arm form fund venture
By David Weidner, CBS.MarketWatch.com
Last Update: 12:21 PM ET Dec. 10, 2003
NEW YORK (CBS.MW) -- China's main securities regulator is giving the green light to a fund-management joint venture between Merrill Lynch and a Bank of China subsidiary, the companies said Wednesday.
The Chinese Securities Regulatory Commission granted a preparatory license to Merrill Lynch Investment Managers, a unit of Merrill Lynch (MER: news, chart, profile), and to BOC International China and BOC International Ltd. The new joint venture will be named BOC International Investment Managers.
The approval is a significant, but the venture must gain final approval from Chinese regulators before it can begin selling products, a Merrill spokesman in London said.
The new venture will be based in Shanghai and, though no funds have been established, the company is expected to offer fixed-income and equity products.
China's five-year-old mutual-fund industry is believed to have huge potential: The Chinese have $2.4 trillion in bank deposit accounts. And foreign companies will soon be able to own up to 49 percent of fund companies, compared to 33 percent at the moment.
Other U.S. companies that have joint ventures or that have plans for forming such ventures include Franklin Resources (BEN: news, chart, profile), Prudential Financial (PRU: news, chart, profile) and J.P. Morgan Chase (JPM: news, chart, profile).
Merrill Lynch Investment Managers and BOC International each will hold a 16.5 percent stake in the joint venture. BOC International China will own the remaining stake.
Merrill's shares added 6 cents to $55.31 in recent New York Stock Exchange dealings.
quote:
Originally posted by Mav:
And this keeps coming....China Life anticipation builds
NPTest, NelNet set to trade on ThursdayNEW YORK (CBS.MW) -- Anticipation is building for the blockbuster $2.8 billion China Life IPO as the insurance giant gets ready to price on Thursday for its stock market debut on Dec. 17.
Meanwhile, student loan provider Nelnet (NNI: news, chart, profile) priced its initial public offering ahead of its stock market debut Thursday. Tech firm NPTest (NPTT: news, chart, profile) was expected to price its IPO late Wednesday as well.
China Life (LFC: news, chart, profile) plans to sell roughly 161.8 million shares at a price range of $15.35 to $18.80 in a global offering with underwriters China International, Citigroup, CS First Boston and Deutsche Bank Securities.
The deal is already about 10 times oversubscribed as institutional investors clamor for shares of China's largest insurance firm, according to a report from Reuters.
China Life comes on the heels of a blowout 89 percent jump in shares of Shanghai-based travel Web site Ctrip (CTRP: news, chart, profile) amid frothy demand for China-based companies. Ctrip closed at $33.94 in its stock market debut on Tuesday. See full story.
At one point, Ctrip.com touched a high of $37.35 and became the first IPO since Transmeta to double its $18 offer price in its first day of trade. Transmeta (TMTA: news, chart, profile), a mobile computer chip maker, surged 115 percent on Nov. 7, 2000, according to data from Thomson Financial.
NPTest to debut
NPTest refiled its IPO in September after former unit of Schlumberger was sold for $220 million to Francisco Partners and Shah Management in a leveraged buyout.
Francisco Partners is also an investor in chip maker Amis Holdings (AMIS: news, chart, profile) which want public on Sept. 24.
NPTest's roots go back to 1965, when Fairchild Semiconductor established an automated test equipment division.
The company plans to offer 14.6 million shares at $11-$13 each in a bid to raise up to $190 million with underwriter Citigroup.
Nelnet set to debut
Nelnet Inc. on Wednesday priced its initial public offering of 8 million shares at $21 each for net proceeds of $16.8 million. Shares were priced slightly above the anticipated range of $18-$20 a share.
The company's stock is scheduled to begin trading on the New York Stock Exchange Thursday.
Lincoln, Neb.-based Nelnet rang up $49 million in net income and revenue of $191 million in 2002 as a provider of student loans. The underwriter is JP Morgan
quote:
Originally posted by machtabow2:
I guess one question I would have for TTXI is why "Chinese Media?" How would such a merger work with a US company? How close are we to wrapping the merger up? Are you running into any difficulties? Can you explain in more detail the type of media you are referring to as we are now talking about possibly two media companies? Do you think it will be complete by Christmas? How many weeks before completion are we? What are the various steps you need to go through to complete such a merger? What kind of questions need to be answered yet? Are the Chinese companies excited about a possible merger? How did you learn about these companies? Did they find you? When do expect to release another PR updating shareholders with respect to the status of merger talks? Please feel free to add more questions. mach
By the way.....I think your ascending tringle fits the PGHI chart right now too.....take a look. Its hit .05 range twice now. What happens on the third time?!!!!
Major edit there....got the wrong price when I made that sentence....duh!
[This message has been edited by PSU90 (edited December 10, 2003).]
quote:
Originally posted by Mav:
Those questions cover most of the topic, by the way I just sent you an email. Please read it. MAV.
Mav....didn't mean to leave you out of the last post.....you've done a ton of DD here too. You guys sure know how to keep me up late reading!
quote:
Originally posted by machtabow2:
I guess one question I would have for TTXI is why "Chinese Media?" How would such a merger work with a US company? How close are we to wrapping the merger up? Are you running into any difficulties? Can you explain in more detail the type of media you are referring to as we are now talking about possibly two media companies? Do you think it will be complete by Christmas? How many weeks before completion are we? What are the various steps you need to go through to complete such a merger? What kind of questions need to be answered yet? Are the Chinese companies excited about a possible merger? How did you learn about these companies? Did they find you? When do expect to release another PR updating shareholders with respect to the status of merger talks? Please feel free to add more questions. mach
quote:
Originally posted by PSU90:
Mav....didn't mean to leave you out of the last post.....you've done a ton of DD here too. You guys sure know how to keep me up late reading!
quote:
Originally posted by Mav:
Another question, Why a Chinese company would be interested in a merger with an USA company like Telco Technology Inc. ?.
quote:
Originally posted by machtabow2:
Mav... you are right. You know we are already doing it and we should do more... We could bag a fortune... Let's try as hard as possible to accumulate knowledge from the inside. Moose started it earlier today. He called and talked to Harry (I think that was the name.) Let's call daily... Let's plan this out. Maybe one call daily from each of us to follow up and learn about developments. Try and get a feel for what's going on... Where the President is... Get a feeling via voice tone... maybe even detail our phone conversations... I'm liking this idea. Let me know if anyone would like to do this... A phone call a day... An email each day... and detailed infomation placed on this board. What do you think? Anything else.... that way we could gauge our holdings in this company. mach
quote:
Originally posted by Tonyg032001:
This is great. Perhaps you can include in your questions to Don, how he feels the problems with Taiwan might have an influence on their direction with China.
Tony
quote:
Originally posted by machtabow2:
Ok... I'll make a call tommorrow and see what information I can get. Please feel free to help me develop a list of probing questions that I can use to get more information from these people. Believe me... I'm usually pretty good at getting information out of people... you just need an angle. mach
quote:
Originally posted by tigerontop:
I got in today @.115. Let me know If I can do anything. Mark me down for a day and i will follow up with them.
quote:
Originally posted by tigerontop:
How about when the last time these two talked would be nice and how often? When was the last trip to China
i will call and ask some questions and email the co and follow up on the board also.
quote:
Originally posted by machtabow2:
Another good question indeed. Are we in talks now ... or are we working through formalities? What sort of road blocks if any are anticipated or have you already overcome?... mach
quote:
Originally posted by kitkatranchgirl:
hey all
count me in too!!!!!i will call and ask some questions and email the co and follow up on the board also.
quote:
Originally posted by tigerontop:
OK...Mach. In order to get info on how far along they are ask if developing a business plan for a new comapany applies the same principles to a merger and if they looked into any planning process. If he elaborates then they have moved further than we think, in which they might want the plan in before the ink dries. Just food for thought!
quote:
Originally posted by PSU90:
Holy cow Mach.....you are on a tear here! I'm going to have to really consider selling something to at least get a starter position here.By the way.....I think your ascending tringle fits the PGHI chart right now too.....take a look. Its hit .05 range twice now. What happens on the third time?!!!!
Major edit there....got the wrong price when I made that sentence....duh!
[This message has been edited by PSU90 (edited December 10, 2003).]
The Market Indication is showing this stock is postive for short,medium, or long term stock. Thats is definently great news.
At the same point it says the support is at .11, yet the bid is .105 unless the .105 is rounded up to that figure. If it isnt, wouldnt you expect maybe some sort of small decline before a possible break occurs. Resistance is .13, but doesnt appear to be very strong. In my opinion whether it will go to .40, it seems unrealistic.
Im ALWAYS learning though, so please correct me if im wrong.
If you use that list of quesitons I'm sure you can get them all answered one way or another, you'll find he is easy to talk to and seems like a nice guy. Anyway Goodluck and I hope we gets lots of info on this company tomorrow
g'night!
quote:
Originally posted by machtabow2:
Wow! This may be question overload now... but i'll do my best. I think we will definitely need to break it up into our daily conversations. mach
DZ
I WANT IN LOW!! ;-)
quote:
Originally posted by Wall Streets DT:
Nice pick Mach.....a few things I want to contribute and comment on.The Market Indication is showing this stock is postive for short,medium, or long term stock. Thats is definently great news.
At the same point it says the support is at .11, yet the bid is .105 unless the .105 is rounded up to that figure. If it isnt, wouldnt you expect maybe some sort of small decline before a possible break occurs. Resistance is .13, but doesnt appear to be very strong. In my opinion whether it will go to .40, it seems unrealistic.
Im ALWAYS learning though, so please correct me if im wrong.
There is not a
1 Billion Float here...
100 Million Float here...
10 Million Float here...
It's only 8 million... which means when it moves... the moves will be much more dramatic... mach
quote:
Originally posted by Marcidius:
Mach I'll be in on this as soon as my damn Lowtrades account opens up, lol I'm getting VERY ansy and wanna contribute in the DD for this potential breaker! and I wanna be a part of the profits that it looks like we WILL RECEIVE...only a matter of a week or a couple weeks!I WANT IN LOW!! ;-)
1. When was the last time you were in China with respect to completing the Merger?
2. Have we reached a final stage with respect to the Merger with these two Chinese Media companies?
3. How close are we to wrapping the merger up? Days/Weeks/Months
4. Do you think it will be complete by Christmas?
5. Are you running into any difficulties?
6. When do expect to release another PR updating shareholders with respect to the status of merger talks? Days/Weeks/Months
7. Why "Chinese Media?"
8. How did you learn about these companies?
9. Why are these Chinese companies interested in merging with an USA company like Telco Technology Inc.?
10. Are the Chinese companies excited about a possible merger?
11. Can you explain in more detail the type of media you are referring to as we are now talking about possibly two media companies?
12. How strong is the Chinese Market for this form of Media?
13. How would such a merger work with a US company?
14. Is it necessary to develop a business plan as you would with a new company and if so have you started the planning process
15. What are the various steps you need to go through to complete such a merger? What kind of questions need to be answered yet?
16. Do you think the current US situation with China regarding Taiwan might have an influence on your merger?
Are you planning on going through each one right away, or are you gonna ask a few of them for each time you get in contact with him?
-Marc
According to OTCBB.COM
>In May 2002 the Company and Screenphone.net agreed that they would not proceed with the proposed business combination between them. Rather than acquiring Screenphone.net, Inc., the Company altered its plans and intended to seek to acquire another company that has revenue and cash flow.
Therefore the merger will definently increase the PPS. Also something which is excellent as far as the company background is...there arent many shares Outstanding
VVVVVVVVVVVVVVVVVVVVVVVVVVVVV
Authorized Shares:200,000,000
Outstanding Shares:21,854,944
^^^^^^^^^^^^Postive^^^^^^^^^^
After researching moe, even if you trade this stock strictly on Technicals you will be in good standing.
I do think a nice PR would increase this after the PPS rises w/o news
quote:
Originally posted by Wall Streets DT:
Mach...You definently do raise some good points. Considering .105 & .11 are relatively close in support.According to OTCBB.COM
>In May 2002 the Company and Screenphone.net agreed that they would not proceed with the proposed business combination between them. Rather than acquiring Screenphone.net, Inc., the Company altered its plans and intended to seek to acquire another company that has revenue and cash flow.Therefore the merger will definently increase the PPS. Also something which is excellent as far as the company background is...there arent many shares Outstanding
VVVVVVVVVVVVVVVVVVVVVVVVVVVVV
Authorized Shares:200,000,000
Outstanding Shares:21,854,944^^^^^^^^^^^^Postive^^^^^^^^^^
After researching moe, even if you trade this stock strictly on Technicals you will be in good standing.
I do think a nice PR would increase this after the PPS rises w/o news
Trend Spotter (TM) Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Hold
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy
20-Day Average Volume - 731180
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 461480
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 521484
Overall Average: 48% - Buy
Price Support Pivot Point Resistance
0.12 0.11 0.12 0.13
quote:
Originally posted by glassman:
Mach--++I mean this n a positive way++--someone should hire you for their PR dept.--++++
haha no way! We need him here too much for that!!
[This message has been edited by Mav (edited December 11, 2003).]
quote:
Originally posted by Marcidius:
Mav, if you dont mind me asking...what software do you use and how much do you pay for it? I'm in the market for some software...
quote:
Originally posted by Mav:
Selling pressure continues @ 0.095
quote:
Originally posted by machtabow2:
That's ok... been there... bought 10,000 at .10. mach
quote:
Originally posted by Mav:
Yes, this looks like a good entry point.
[This message has been edited by Mav (edited December 11, 2003).]
quote:
Originally posted by Mav:
It's frozen BID 0.09, I think "at this time frame" this is the lowest bid we are going to see. Any opinions ?....[This message has been edited by Mav (edited December 11, 2003).]
quote:
Originally posted by Mav:
It's frozen BID 0.09, I think "at this time frame" this is the lowest bid we are going to see. Any opinions ?....[This message has been edited by Mav (edited December 11, 2003).]
------------------
"... For the things which are seen are temporary, but the things which are
not seen are eternal." 2 Cor. 4:18
quote:
Originally posted by machtabow2:
I agree. Gurantee it... Though he really got filled there. mach
quote:
Originally posted by BetNitAll:
Ya, buy low, sell high
When do expect to release another PR updating shareholders with respect to the status of merger talks? We do not release Press Releases unless there is news to release. So when was the last time you were in China? I was in China last month. Stayed at the Hyatt. How did you learn about these companies? They contacted our organization with respect to a merger. Have we reached a final stage with respect to the Merger with these two Chinese Media companies? I cannot comment. How close are we to wrapping the merger up? I cannot comment. Do you think the current US situation with China regarding Taiwan might have an influence on your merger? What situation is that? I’m not familiar with a “situation”. (He didn’t appear to be interested in short talk.) How would such a merger work with a US company? The attorneys are working through the details. In general he was very careful with his answers. I called: 973-523-0835. mach
I think this is new>
China Life seen pricing at the top
Chinese life insurer set to make biggest debut this year
By Allen Wan, CBS.MarketWatch.com
Last Update: 10:14 AM ET Dec. 11, 2003
TOKYO (CBS.MW) - China Life Insurance's blockbuster $3 billion initial public offering is expected to price at the very top of its range later on Thursday in Hong Kong, analysts say.
China's biggest life insurance company has already seen incredible demand from both institutional and retail investors - enough so that it will easily become the largest global IPO this year.
China Life's IPO is also coming in the heels of strong debuts for Chinese companies that recently listed in the Hong Kong and U.S. stock markets. It'll be the second biggest Chinese IPO ever after China Unicom's (CHU: news, chart, profile) massive $5.25 billion debut back in June 2000.
China Life, which set a range of HK$2.98 to HK$3.65 a share for the sale of a quarter of its stock, has reportedly attracted enough interest from institutional buyers to cover its order book by nearly ten times.
"Will it price at the top of its range? Of course," said Ben Kwong, director at Hong Kong's KGI Asia.
Already, Hong Kong's three wealthiest tycoons, including property giant Cheung Kong's (CHEUY: news, chart, profile) Li Ka-shing, have snapped up $500 million worth, or 18 percent of the H shares on offer, through their listed vehicles in a show of faith that will all but guarantee a successful market debut for the company.
Another 2.6 million applications have been distributed to Hong Kong's retail investors -- or an application for every two to three residents -- in a bid to stave off the near riots that ensued following heavy demand for another upcoming Chinese IPO - Great Wall Automotive. Chances are that many individual investors will come up empty handed as only 20 percent of the offering of 324 million H shares will be slotted for them.
"China Life should garner a premium valuation in light of its expected growth rate, and investor sentiment toward China is strong," added Renaissance Capital. Read why China Life is their IPO of the week.
China Life will begin trading in New York on Dec. 17 and in Hong Kong the following day.
The U.S. portion will price in a range of $15.35 to $18.80 as part of the offering of 161.8 million American Depositary shares.
The global offering of 6.47 billion shares is being managed by Citigroup (C: news, chart, profile), China International Capital, Credit Suisse First Boston (CSR: news, chart, profile) and Deutsche Bank (DB: news, chart, profile).Read IPO report.
Bonnie Lai, analyst at Hong Kong's Core Pacific-Yamaichi, thinks China Life (LFC: news, chart, profile) (HK:2628: news, chart, profile) also deserves a higher valuation due to its strong growth potential in the Chinese life insurance industry.
"Given the enormous growth potential of China's life insurance market, which is still at an early stage of development, we believe China Life should trade at a higher premium to life insurance companies with heavy exposure to mature markets," she told clients.
For instance, Chinese life insurance premiums have grown sharply over last few years, soaring to 227.5 billion yuan in 2002 from 87.2 billion yuan in 1999, according to the China Insurance Regulatory Commission. As of 2002, life insurance premiums accounted for 75 percent of all insurance premiums.
Lai said fair value for the stock would be between HK$3.72 and HK$5.54. Her own target price is HK$4.93 -- equivalent to a price-earnings ratio of 25.5 times fiscal 2003 earnings.
China Life's offering is important for several reasons. It's the biggest IPO this year globally after British company Yell's $1.9 billion offering and a successful debut could pave the way for other Chinese insurance companies to quickly follow suit in going public, including Ping An Insurance and People's Insurance Co. of China.
The hardest part is figuring out what this company is about. It has cornered the market for life insurance in China with a near 50 percent share but is also opaque like many state-owned Chinese companies.
It could also face problems with future payouts after agreeing to honor older policies from its parent that guaranteed overly rosy rates of return even in the face of declining interest rates.
Benny Wong, analyst at PrimAsia in Hong Kong, said that the problems arose back in the early 1990s when the Chinese insurers offered high guaranteed returns to entice customers. Rates have since fallen dramatically in China and the insurers haven't been allowed to invest overseas to reap higher returns.
Still, Wong sees several positive factors driving growth for China Life: a rising Chinese middle class; social welfare reform as responsibility shifts from the government to the private sector; more flexibility for insurers to design their own insurance products as they set their own prices; and the fact that insurers offer better returns than banks.
He said in a note that the opening of the Chinese insurance sector from Dec. 2004 as part of China's accession into the World Trade Organization won't hurt the local insurers too much as there are still barriers to entry. Foreign firms must still seek local partners in order to operate and they are the ones with the wide distribution networks.
China Life's American debut ought to do just as well given the incredible interest in companies coming out of the mainland. Shares of Shanghai-based travel Web site Ctrip (CTRP: news, chart, profile) jumped 90 percent in its stock market debut on Tuesday. See full story.
Anyway if you wanna talk to Howard call: 1-800-338-9338
quote:
Originally posted by machtabow2:
I spoke with Don and received partial answers on many questions as follows... Someone will need to follow up and dig for more answers with Howard or Don. Howard appears to be more open... machWhen do expect to release another PR updating shareholders with respect to the status of merger talks? We do not release Press Releases unless there is news to release. So when was the last time you were in China? I was in China last month. Stayed at the Hyatt. How did you learn about these companies? They contacted our organization with respect to a merger. Have we reached a final stage with respect to the Merger with these two Chinese Media companies? I cannot comment. How close are we to wrapping the merger up? I cannot comment. Do you think the current US situation with China regarding Taiwan might have an influence on your merger? What situation is that? I’m not familiar with a “situation”. (He didn’t appear to be interested in short talk.) How would such a merger work with a US company? The attorneys are working through the details. In general he was very careful with his answers. I called: 973-523-0835. mach
If attorneys are working on details then there is something going on ...
quote:
Originally posted by Mav:
""The attorneys are working through the details"" ....If attorneys are working on details then there is something going on ...
quote:
Originally posted by Mav:
""The attorneys are working through the details"" ....If attorneys are working on details then there is something going on ...
quote:
Originally posted by machtabow2:
I agree... From the conversation ... something I could construe that something is going on... but that's not a guarantee of a final deal... not in the business world... but at least it sounds good. Glad I was able to grab some at .10 this morning... mach
[This message has been edited by Mav (edited December 11, 2003).]
quote:
Originally posted by Mav:
That little clue ""The attorneys are working through the details"" is the key, look at it this way, if the company does not have any bussiness, then in what else could be working on the attorneys ? and over China ?. This is looking good.[This message has been edited by Mav (edited December 11, 2003).]
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Originally posted by machtabow2:
Mav... are you watching PGHI today? mach
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Originally posted by machtabow2:
Gee... it certainly has moved up... .105X.115... Not bad... Only one MM at .115 and then it's .12. mach
Nice job on the phone call Mach. To those who got in at .095 or .10.....GREAT entry! I'm still on the sidelines trying to decide whether to sell something to free up cash or wait until I can send more new cash to my account.
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The Hajinator
quote:
Originally posted by kt325ci:
I took a small position after seeing that no one was selling below .10. I'm in for 10K at .105. There doens't seem to be much downside from here.
I'd like to get a 10K share position too, but its going to have to wait for me. It can stay in turtle mode for awhile longer please!
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The Hajinator
I have good info for you. mach
quote:
Originally posted by trader01:
heehee its been a while since ive seen ttxi green... currently at 0.114, nothing to be excited about due to excessively LOW volume
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The Hajinator
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The Hajinator
I was wondering if you could help me make a decision... I will be away for a few weeks (vacation!!!), and I can't decide at what price to place a GTC to sell. Looking from the offset, resistance stands at 0.19/0.20. I am heavily invested at 0.11, and I am a bit uncomfortable about the company as a whole (they still havent regarded my email). I am planning to place a GTC at 0.19 to sell a small portion, and since it is a GTC and since I will not be around to follow up minute by minute, it should easily trigger at 0.19.
However for the larger portion I am considering a 0.30-0.35 range to sell. I will not let greed overcome me and go after a 1000% gain!
Your thoughts would be greatly appreciated
P.S. - I havent recieved an email from you
quote:
Originally posted by trader01:
Mach,I was wondering if you could help me make a decision... I will be away for a few weeks (vacation!!!), and I can't decide at what price to place a GTC to sell. Looking from the offset, resistance stands at 0.19/0.20. I am heavily invested at 0.11, and I am a bit uncomfortable about the company as a whole (they still havent regarded my email). I am planning to place a GTC at 0.19 to sell a small portion, and since it is a GTC and since I will not be around to follow up minute by minute, it should easily trigger at 0.19.
However for the larger portion I am considering a 0.30-0.35 range to sell. I will not let greed overcome me and go after a 1000% gain!
Your thoughts would be greatly appreciated
P.S. - I havent recieved an email from you
Trader....if you are uncomfortable with the company and you will be away on vacation....my personal advice would be to exit out of whatever you don't want on the line while you're gone.
Depends on your risk tolerance. There aren't many OTCBB's that I'd leave my money in while I'm gone because Ameritrade won't let me place stops on these. On the Naz/Amex/NYSE I can put stops in and feel fine. My risk is controlled. The only OTCBB's I'd leave money in are those that I know inside/out with DD.
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Originally posted by Downtrend:
Someone is pumping their stock hardly.
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Originally posted by cabbage22:
I hope you're not referring to me, I've never owned this stock
No.Absolutely not you. I mean the guys pumping with" GameZNflix Rally! Coming Soon! "
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The Hajinator