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Bought this sucker at $0.40 yesterday. It's nice and up right now, wondering if I should hold over the weekend or just take profits and chill. I'm playing this purely as a bottom play.
Posts: 12 | Registered: Aug 2005
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It's definately a hold and it's definately not through running. $0.50 is a bargain for this stock. The report on earnings was great and so is the management. I wouldn't be suprised if it ran to a $1.00 the next few weeks. Look at the charts closely this one is way undervalued and due for an upswing.
-------------------- Matthew T. Taber Posts: 216 | Registered: Aug 2005
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Yep...what we saw today was simply a Friday.....MOST traders sell out on Friday..I haven't quite figured out why.....Ya think they are going to lose money over the week end?????
This one continues up on Monday...Chase it sellers....chase it
-------------------- Raptor----Don't confuse bad luck with bad judgement Posts: 1813 | From: Ft. Worth Texas | Registered: Aug 2004
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China Digital Reaffirms Previously Issued Guidance
SHENZHEN, CHINA AND LOS ANGELES, CA, Aug 29, 2005 (MARKET WIRE via COMTEX) -- China Digital Communication Group (OTC BB: CHID), a battery component production company with operations in China, made an announcement today regarding its business. Mr. Yi Bo Sun, Chairman and CEO of China Digital, stated, "China Digital's business is healthy and operating normally. We are reaffirming our previously issued guidance for fiscal 2005 that we reported on Form 8-K on April 25, 2005."
About China Digital Communication Group
China Digital Communication Group (OTC BB: CHID), through its Shenzhen E'Jenie subsidiary, is a rapidly growing manufacturer of battery shells and related technology for use in electronic products, primarily mobile phones. Since December 2003, the Company has adopted the approach of using licenses, joint ventures, mergers and acquisitions to bring battery and telecom equipment makers in China to markets overseas. The Company's products now power digital cameras, camera phones, PDAs and laptop computers in East Asia and beyond. China Digital is continuing its expansion across China while also seeking distribution partners in the United States.
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products, and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
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