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this is my first succesful stock pick, and i hope it is not my last. (i have only invested in two other stocks, damn econimics teacher, doesn't know what he is talkin about) i was looking at the rsi and it doesn't look good. I was wondering when yall were planning to sell?
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WOW.. what a day on this one. Actually what a great last couple of days.. seeing this climb from mid teens.. Looking for a gap at open. Any pullbacks, will be buying opportunities on this one. There is some really good DD info I copied and pasted in an earlier post under this topic, take a look at it.
Is it too late? Depends on how you view it... Based on DD info, I expect this to hit $1+ range.. so if you buy and it dips, then runs.. is that 'too late'? I don't know. That's a decision only you can make.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
Great DD guys - there is a bunch of info on the chinese logistics industry as well just to show the size of the market we are dealing with here.
posted
i was wondering if anybody found that sight that tells the number of shares brought and sold of ctglf. That would be really helpful right now. Any idea when the news is coming out?
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consolidation Krysten - the stock moves in cycles but is moving in an uptrend overall. I guess we'll see how tomorrows price ends up. If you sell you may or may not be doing the right thing relative to how the mm and insiders will trade this one. Remember this is a Chinese company so they may delay and manipulate to get more shares/profit. The announcement should be very good for the companies equity imo.
Do your own DD of course.
-------------------- always do you DD, sleep is for sheep!!!!!
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Krysten I think that you meant overbought. The current RSI is 67 which is marginally overbought. I believe most people on this board are trading this stock based on fundamental analysis and not on technical analysis. Most people are in this stock long term looking for dollars. If you were trading this stock based on technical analysis you probably should sell this stock now if not yesterday. However as Bullnuggets mentioned, there is a chance that this stock could rebound even with the RSI at 67, especially if there is a news release. I don't think you could go wrong holding this stock, this stock is one of the few exceptions that you wouldn't sell even when it is overbought because if it starts to move up again it may not come back down for A YEAR!!!
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Holding strong and Long and planning to get some more as long as its less then .50 because i know this is going to go over a dollar in a year or so and this company can really be up there with the bigs boys ina few years so its worth the wait yall play it how you wanna play it but insiders owning over 50 percent of the stocks and holding long cause they know the potential and the 30million dollar backer im in for accumalation in 2007 im getting the big bucks.
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Excellent point by all, I appreciate the input. From what I read on the company website, it only makes sense to continue the trend upward to become a major player. In the long run, I truly believe that its value on the Amercian stock exchange would not go much further than $3- $5 range, moslty because labor in China is extremely cheap. It has definitely peaked my interest!
-------------------- Life only has so many choices, choose wisely.
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Excerpts from the bio of Dr. Fan, China Technology Global CEO:
...Dr. Frank D. Fan is a seasoned business development veteran with over two decades of executive experience. He is the founder, Chairman & CEO of DiChain Holdings Ltd, the Company's largest shareholder, Chairman of China Merchants DiChain (Asia) Ltd, a profitable investment holding conglomerate trading on the Hong Kong Exchange, and Chief Executive Officer and Director of China Pharmaceuticals International Corporation (OTC BB: CPICF), an integrated pharmaceutical company concentrating on research and development, production and distribution of natural medicines and novel biopharmaceuticals in China and Hong Kong. Previously in his career, Dr. Fan served as Executive Director and Chief Financial Officer with China Merchants Group, Executive Vice President of Union Bank of Hong Kong Ltd, Senior Advisor to the President of China Merchants Bank, Senior Consultant of The Boston Consulting Group, Inc., and President of Interlink Corporation. Dr. Fan is Professor of Beijing University Guanghua School of Management, Ph.D. in Economics from the University of Southern California, and Director of Guanghua-Dichain Logistics and SCM Research Center of Beijing University. In 2001, he was named one of the Top 10 People of the Year in China's Logistics Industry....
posted
We expect to hear something from the company fairly soon. See my post on page two. Enter now to be certain you will be in when it takes off for good or wait until the RSI drops to around 30 to be safe, (If it does drop to around 30). RSI is at 48.6 right now. The company is fundamentally sound with a very strong backbone and highly ambitious. This is not just your run of the mill pink sheet. This is a real company with real ambition with solid leadership. CTGLF will not dissapoint, just be patient.
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i know about how good this company is. I have already brought into it at .15, and sold out at .27 last week. I made a nice little profit, and now i am hoping for it to drop back down to .14 or .15 to buy it again. I know this thing will go up like crazy when the news comes out. I was just wondering if anyone had a website that tells the number of share brought and sold of a certian stock???
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Thank you for your enquiries and your interest in China Technology Global Corporation. I would like to update you on the company's recent news and activities. Currently we are in the process of preparing a 9-months audited report of last year. Once the audit is completed, we will file with SEC in due course before end of May. I am also very glad to inform you that, Dr. Fan, Chairman and CEO of the company, will lead a group to the States from June 3 to June 13, and I will also be in the delegation. We will have a special Question and Answer meeting for all shareholders of CTGLF. The meeting will be held in New York and Los Aangeles. You are very welcome to come to the meeting, or maybe join in by conference call. If you are interested in the meeting, please inform me of your decision no later than May 25, and we will make a reservation for you.
Moreover, we would like to meet more investors and funds in the States, and you are also appreciated if you could introduce us some investors and funds.
Thanks again for your interest in our company.
Regards *********************************** Sifie Fu Investor Relations Manager China Technology Global Corporation TEL. : (86) 755 3330-1330 FAX : (86) 755 3330-1508 Website: www.ChinaTechGlobal.com
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Did I miss something? I thought we were due for some news this month? I noted on the website that the last event was posted on March 31, 2005 on the Yahoo investment page on April 2, 2005 or are we just waiting for the results of the investor's meeting in June? Do you think they will post pone an AMEX listing until after these investor meetings in NY and LA? Does anyone plan on attending?
-------------------- Life only has so many choices, choose wisely.
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krysten, we are waiting for financials... I posted an e-mail response from their pr stating that the audit should be done by the end of this month... concerning AMEX, they are still working on that and we should expect news about that later this summer... concerning the investors meeting, i know a good amount of people who are going, go to the site at the end of the message and there are a few people going to the LA meeting there...
posted
Excellent website! I also reaceived an email from the company almost in exact wording to the one posted by you. I am looking forward to some excitement with this stock this summer for sure!
-------------------- Life only has so many choices, choose wisely.
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i think that this is being accumlated again and i am expecting another big jump, especially with the meeting coming up and finacials coming out soon. Hey when are the finicals coming out, are they going to come out during the meeting?
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to answer questions, here is an e-mail a friend received...
"We know what does investors concern most. The audited financials will be release within this May, and our upcoming roadshow will be held just after the financial announcement.
I am looking forward to seeing you in the States, and detail information about the meeting will be sent to you soon."
hope that helps guys... we have one week and counting...
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