posted
Well we've got a good start.... Let me know what question you might have. I will call tommorrow afternoon and post detail regarding all questions and answers. mach
quote:Originally posted by Mav: I also sent an email.
posted
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, 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.
posted
Also today regarding China stocks... We're talking Chinese Media & Communications with TTXI... mach
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.
posted
Look at the revenues of these companies. We may be talking about a move well beyond a $1 upon the closing of this deal... mach
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.
posted
When we talk about Chinese Media... I wonder exactly what is included... Media includes: TV.. Internet... Print... I believe they were referring to Television.. I need to read more. mach
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! 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,...
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.
posted
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.
posted
I saw this on CNBC today... that's why i was researchin IPO's... i think a merger with a Chinese Media company would be a great move... keep in mind the internet example... as internet is still classified as media... but we are talking about one of the greatest economies in the world... I guess my point is that many China related stocks have exploded in the US markets... Look at Sohu.com as another example... It goes on... but I think the annoucement of closure itself will send this one over the top. Great read. mach
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
posted
LOOK, also Merrill Lynch is on the move ...
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.
posted
You know that often when you just mention the country China in a Press release... stocks often move dramatically... I notice often now that companies try and use China with "Fluff" PR's. Recent example was AFRR... when they said they were planning to release their "Glove Box" product in China. Nonetheless... there is much potential with China related stocks. It ignites a frenzy with traders. mach
quote:Originally posted by Mav: And this keeps coming....
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
posted
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
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posted
Those questions cover most of the topic, by the way I just sent you an email. Please read it. MAV.
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
posted
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).]
posted
haha i think those are enough to flood them with questions! Try asking them all that becuase my email focused mainly on new PR releases and general merger news. I dont think it was as detailed as the list of questions you've provided. This way we should get a diversified answer. Nevertheless I will give them a call thursday or friday and see what i can fish out.
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posted
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: 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
posted
No problem, we are team here.!!! I am glad you are awake and reading, I think I don't sleep anymore !!. jajajaja, just kidding.
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!
posted
I think the recent IPO's have answered that question. Chinese companies are hot trading int he US market. It's about the money. But yes a good question indeed. mach
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. ?.
posted
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
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posted
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 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
posted
You know that is a good question. Im sure he's thought about it. 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
posted
How about when the last time these two talked would be nice and how often? When was the last trip to China
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
posted
OK. Tiger. We'll rotate the calls. I'll call tommorrow until I talk to someone and they answer the questions. I'll post detailed answers later in the day. Hopefull we will get some good information. 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.
posted
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 tigerontop: How about when the last time these two talked would be nice and how often? When was the last trip to China
posted
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 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
posted
Hey kit... Well if we can get one call per day to keep a daily tab on the company that would be great. You never know when we may very likely get the "inside" scoop before the market does. It happens all the time... example PGHI. 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.
posted
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
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!
posted
PSU... you are right on PGHI... although I think we will see a brief consolidation period (with PGHI)... possibly 10 plus trading days of sideways trading before that final move and then breakaway... We've been slightly overbought for a while now and I'm ok with consolidation.... I don't see it going too much lower at all. mach
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).]
posted
Hi match well i dont have anything to contribute on this topic i just wanted to ask you or if anyone else knows, if you can recommend me any good book about how to calculate and understand the TA of any stock or to do DD on perticular stock i went to BarnesNobles tried few books but didn't get it...can you help me here?? anyone?
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