quote:Originally posted by 66inxs: i agree paul and thanks for the tip. i will do some dd and check it out. i have found that flipping pennies usually minimizes risk and maximizes returns. your strategy with TERX looks good. will check it out and let you know. thanks again.
I followed TERX and ACTC, but when they went down I stopped folowing them. WRONG! When a stock goes down that can be a BIG BUYING OPPORTUNITY.
I'm learning.
Go to ETIM, last page Ohio Trader just posted some old well worn rules of trading. Those rules are very important. Ck them out.
Look at Terx's chart. In the opening hours of the bull run, the stock goes way up, here is the sell point....now right after 10AM you will wee it fall, and fall, now here is the buy point...now it will climb back up just before lunch time...here is another sell point....now late in the day, sometimes you can buy it back at a good price. not everyday, but 3 of the 6 day run there were opportunites to sell/buy/sell/buy all in one day. This takes some knowledge and luck.
I will practice, if I can get in on one of these bull runs. So far not had one yet. Only been trading for 3 weeks now.
I hope to get one this week. I have $600 cash.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Does anyone think that CHCG has a shot at a 52 week high from a year ago? I like the run-up and the earnings report was good. Can this news sustain a nice run-up beyond $5 or perhaps a new 52 week high.
Posts: 36 | Registered: Nov 2006
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another good day for this stock! dyodd on this one cuz it could go back down as quick as it went up. good flipper right now but watch it closely!
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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Loving this, talked to a guy in the know, says they are trying to take this to $6, and maintain $6 in order to gain AMEX status, I'm holding for the ride...
Posts: 679 | From: New York | Registered: Jan 2006
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I read in a PR somewhere that they want to gain AMEX status...perhaps this could be the start of something really good IMO. I've seen a few stocks hit a widely traded exchange and get a quick jolt at the start. Let's hope that $6 area is reached and held so we can make it the platform. I might be in for the long haul here.
Posts: 36 | Registered: Nov 2006
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Thanks for the AMEX info. I feel like we are on the edge of something great here. Might have to raise my target to 6
Posts: 27 | From: Orange County | Registered: Oct 2006
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another 20% gain today. the pick of the month was right under everyones nose and few people saw it. things are looking good after all! looks like this one might be a good ride for sure.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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Hey so I've talked to the guy again, they've been advised against AMEX and are now looking Nasdaq, should be a great move, I'm still holding each and every single share I picked up * 1.93!!!
Posts: 679 | From: New York | Registered: Jan 2006
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well, since falling it's already coming back to the open, great buying ops today; will still finish green imo
Posts: 679 | From: New York | Registered: Jan 2006
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Trick now is to find the bottom and get ready for the bounce. $4 sounds about right.
Posts: 27 | From: Orange County | Registered: Oct 2006
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China 3C Group Gives Fourth Quarter Guidance and Raises Full Year '06 Estimates Friday November 10, 6:44 pm ET
ZHEJIANG PROVINCE, China, Nov. 10 /PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG - News), a major retailer and distributor of consumer and business products, today reported guidance for its fourth quarter of 2006 and increased its full year earnings per share estimates. The company estimates that revenue in the fourth quarter will be $57.5 million. This is a 610% increase in revenue of $8.1 million in the comparable fourth quarter last year and a 34.9% increase from $42.6 million in the previous Q3 '06. The company projects net income in Q4 '06 will be $4.3 million with earnings per share of $0.09, an increase of 34.3% compared to net income of $3.2 million, or $0.07 per share, in the previous quarter.
Chief Executive Officer Mr. Zhenggang Wang said, "The integration of our Hangzhou Sanhe acquisition will be advantageous to us in the fourth quarter. This quarter is also typically a busy season for retail business, and our stores are experiencing healthy organic growth. We expect to release our actual fourth quarter earnings in early February."
China 3C Group is also increasing its guidance for the full year 2006 to reflect its successful transition from a channel distributor to an independent retail chain operator. The company is raising its expected revenue guidance for 2006 to $142 million from $135 million, an increase of 5.2%, and is increasing its net income estimates by 9.2% to $10.7 million from $9.8 million. The company also projects earnings per share for 2006 will now be $0.22, an increase from its previous guidance of $0.20.
Posts: 74 | From: dallas | Registered: Feb 2006
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no green today, but this news sounds great... hopefully we have a great next week.
Posts: 74 | From: dallas | Registered: Feb 2006
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That sounds about right. I plan on taking a little off the table and if it goes back down, I'll add. If this company continues to grow and they get a NASDAQ listing, it could really take off initially IMO. The key is getting in ASAP.
Posts: 36 | Registered: Nov 2006
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i am going to see what this does, try to pick a reentry point near the bottom and see what it does. remember that this is a penny stock so be careful and protect your capital!!!
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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This is not a penny stock first off, second off, new price target is upwards of $20! With many acquisitions in the pipeline we should be hearing about one this week
Posts: 679 | From: New York | Registered: Jan 2006
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Hey Bull...where did that price target come from? I am loving this stock lately and am trying to find some long-term reasons to stick with it.
Posts: 36 | Registered: Nov 2006
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Came from the head IR guy...I've been talking with him; he tells me, they're now trying Nasdaq instead of AMEX and are getting ready to release several acquisitions that should help this thing to that price with relative ease
Posts: 679 | From: New York | Registered: Jan 2006
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Also, today's minor pullback after the nice upward swing worries me not; alot of profit takers involved here, which is traditionally smart; but personally I'm holding all the way to the Nasdaq listing and then from their I will start to think about shaving off some shares
Posts: 679 | From: New York | Registered: Jan 2006
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