[quote:7830963884="alfredsokol"]As far as true Over the Counter pink sheet style stocks in the 10 cent range, I have had no luck and would recommend stearing clear. However, for stocks that are $2 or above I have had very good success. I bought both ACF and PVN for $2 and sold at $10. I just don't trust the stocks when they go under $1.[/quote:7830963884] well i was asking that because im right now doing some research on a company called SUREBEAM CP with the ticker SUREE. I need advice if its a compnay that is worth buying or not. Chahine
I checked them out briefly. They are a very tiny company with very small sales figures. That is a problem right there. They are in an industry that has a lot of competition and that has only a 6% growth rate in earnings. They lost a great deal of money in their most recent quarter. What is it you like about this stock?
[quote:d0961053dd="alfredsokol"]I checked them out briefly. They are a very tiny company with very small sales figures. That is a problem right there. They are in an industry that has a lot of competition and that has only a 6% growth rate in earnings. They lost a great deal of money in their most recent quarter. What is it you like about this stock?[/quote:d0961053dd] yeh i do agree with you ilooked over and i came to the same conculsion that at this point in time it was not worth looking at them. I came across another one which is VLGC - virologic inc. ur taughts about them. chahine
Another scary one to me, Chahine. They have no history of operating profits, they are in the murky world of "biotech". They're coming off a big loss. I can't see what would push their stock price outside of a merger or an announcement of a new product. Without specific inside information as to one of these events, I would again steer clear of this one.
even though penny stocks are attractive because you can get so much for so little, I would beware of dabbling in them. If you must, I would suggest doing some research prior to investing in them.
[quote:426986be00="alfredsokol"]Another scary one to me, Chahine. They have no history of operating profits, they are in the murky world of "biotech". They're coming off a big loss. I can't see what would push their stock price outside of a merger or an announcement of a new product. Without specific inside information as to one of these events, I would again steer clear of this one.[/quote:426986be00] sounds good to me. Well what im doing right now is did research of all stocks below 5$ and 1 by 1 looking at the lucrative vs the 1 that are straight to the garbage vs the 1s that could change depending how they react and make changes in their sector. 1 that im particulary interested is CHU its a leading chinese telecomunication firm. tell me what u think about it. i think its undervalued by its market capacity and potential of growth. Thnx Chahine
Now that one looks a great deal better and deserves more research. They have some nice sales growth figures and decent earnings.
[quote:ac1a97be97="alfredsokol"]Now that one looks a great deal better and deserves more research. They have some nice sales growth figures and decent earnings.[/quote:ac1a97be97] i do agree with u on that. but not even looking at the financial aspect of the business i should say that this company being in the leading market of telecom in the worlds biggest growing economy is one big factor i think to own it on a short period or even long. I will be doing some research on it and will try to keep u posted on my findings and u can always give me inputs of potential errors i might be doing in my analysis. chahine
I agree with your reasoning. Let me know what you find out and I'll be happy to discuss it with you. In case you haven't noticed I am rough on all these stocks unless they can really make us some money!
[quote:4ffeb00cd5="alfredsokol"]I agree with your reasoning. Let me know what you find out and I'll be happy to discuss it with you. In case you haven't noticed I am rough on all these stocks unless they can really make us some money![/quote:4ffeb00cd5] through a friend i found some information that matched the research i did this afternoon maybe can interest u. just for ur info CHU hit new 52 week high today which i think is a good sign. the report is copy pasted below with some editing for i don't want to reveal the persons identity who gave me this membership info free :wink: China's Second Largest Cell Phone Provider Is Two Announcements Away From Doubling China Unicom Has Almost No Competition There are 221.4 million cell phone users in China. It is the largest market in the world for cell phones - bar none. The United States ranks second with upwards to 200 million. But there is a stark difference between the cell phone market in China and the United States. In the United States, the mobile phone market is competitive. People have several options when it comes to choosing a cell phone provider. There's Cingular Wireless, Verizon, AT&T, Nextel, T-Mobile and Sprint PCS to name the big six. Competition is the name of the game in the States. That's not true in China. Until 1994, there was only one game in town - the government-owned China Telecom. It had a real monopoly on the industry, controlled prices and kept a stranglehold on the entire telecommunications sector. It wasn't until China's State Council approved the creation of this month's pick - China Unicom - that competition was allowed in China's mobile telecom market. Today there are three cell phone providers - China Unicom being the second largest with nearly 76 million subscribers (or a 34% market share). That's a big improvement from 1994. But consumers are still limited in choices. Bad news for them. But if you look at this situation from point of view of the three Chinese cell phone providers, life is great. There are 1.3 billion people living in China today and 221.4 million already have cell phones. While that's a lot, it's only 17% of the total population. In the United States, about 50% of the population has a cell phone. If China reaches the same level of penetration as the U.S. there will be 650 million cell phone subscribers. All that business will have to funnel to the three cell phone providers - China Unicom included. That means, in the coming months and years, CHU can expect to increase its subscriber base two or three times over. As an investor, this is great news! You want to put your money in a company that has the potential to double or triple in size. China Unicom has that potential. The only question is, how much longer will this rapid growth phase last? CHU's Cell Phone Business Will Double by 2007 According to international telecom expert hot telecom, demand for cell phones in China will be strong for several years. The company projects there will be 439.7 million cell phone subscribers by 2007. That's an annual growth rate of 18.7%. If China Unicom grows with the projected market, it will have 150.9 million subscribers by 2007. Remember, it has about 76 million now. So we're talking about doubling its current base in just four years. Is that an unrealistic expectation? Hardly. In the first six months of 2003, China Unicom grew its subscriber base by more than 9 million. It also increased its total market share in China by a point and saw its total usage (the minutes subscribers spent on the phone) jump more than 40%. And remember, only 17% of all Chinese people have a cell phone now. That number will improve each year until it rivals other modern countries - like the United States. There is no doubt China Unicom is in growth mode right now. Demand for cell phones is high in China - and it isn't going away anytime soon. But can China Unicom translate subscriber growth into improved sales and net income? Top and Bottom Line Growth For fiscal year 2002, CHU recorded $4.9 billion in total revenues - an increase of 38% from 2001. And more importantly, the company used those sales to bank $551.5 million in net income - up 2.4% from the previous year. And in the first half of 2003, the numbers look even better. For the six months ending June 30, CHU raked in $288.8 million in net income on sales of over $3.86 billion. That's an 11.6% and a 77.7% increase respectively. China Unicom is successfully growing both its top and bottom line at a double-digit clip. That's exactly what I like to see in any growth stock. There is no doubt China Unicom is a profitable business. Will it keep up this torrid pace? Who knows? But with cell phone demand on the rise and only three authorized cell phone providers in China right now, there is no reason to think CHU's sales and net income won't continue to rise. But even if demand slows down a bit in the cell phone market, CHU is well positioned to grow thanks to its two other businesses. Two Other Reasons to Own CHU Right Now Besides having a 34% market share in China's mobile phone market, China Unicom also has a 12% share in the fixed long distance market and an impressive 15% share of the Internet sector. As China's economy continues to grow, more and more people will be able to afford luxuries like a phone and Internet access - things we take for granted here in the United States. As it stands now, only 17.5% of all Chinese citizens have a fixed phone line to make domestic or long distance calls. And only 4.1% of the people have access to the Internet. But both of those numbers have been growing at a double- or triple-digit pace over the last four years. Fixed phone lines have grown from 108.7 million in 1999 to 225.6 million in 2003. That's an annual growth rate of 20%. And Internet penetration has been even more spectacular. In 1999, only 3 million people subscribed to the Net. Today, more than 52.6 million Chinese citizens have at least limited access. That's an annual growth rate of 104.6%. And between now and 2007, Chinese Internet users are projected to total 125 million - more than doubling in the next four years. And just like with cell phones, China Unicom's top and bottom lines should increase right along with the market. It certainly has in 2003. In the first half of this year, CHU's Internet business added 33.8% more customers, increasing from 7.292 million subscribers to 9.754 million. As you might expect, that led to sales rising from $158.2 million in the first half of 2002 to $190.5 million in 2003. CHU also increased its outgoing long distance minutes by 52% for domestic and international calls combined. Pretty impressive. And in the first six months of 2003, CHU's market share in the long distance market improved from 11.5% to 12.3%. The bottom line with China Unicom is simple. As China's infrastructure, economy and telecommunications industry improves, so will CHU's profits. This is a company with a dominant share in China's cell phone, Internet and long distance markets. Those are not bad sectors to be in as China makes the switch from being a primarily agrarian country to a fully modern one. And the best part is, China Unicom is both growing and fundamentally sound. In fact, CHU is a bargain at current prices. Fundamentally Sound The average company in the wireless communications industry doesn't make a dime in earnings - so they actually have a negative price-to-earnings ratio. American rivals Sprint PCS and AT&T Wireless, for instance, are out 53 cents a share and 68 cents a share each. But China Unicom made more than a half a billion dollars last year and trades for just 16 times total earnings. Not only is that fantastic in the wireless communications industry but it's also about two times better than the broad market in general. The average company on the S&P 500 has a P/E ratio of 31.9. CHU would have to trade for $14.02 to be valued the same (assuming its earnings stay flat). And if that happened, you would double your money. But not only is CHU trading for a discount to earnings, it is also cheap relative to its sales and book value. The average company in the industry trades for 1.8 times sales and 1.1 times book. China Unicom is selling for 1.34 times sales and right at 1.1 times book From a value perspective, there is no doubt China Unicom is cheap right now. Couple that with its growth opportunities, and this is a stock that should take off in the coming months. So why isn't CHU a $14 or $15 stock now? CHU's Ace in the Hole There are two reasons investors haven't dumped money hand over fist in CHU stock. For the better part of the last year, China Unicom has been in the process of upgrading its cell phone business. It is moving into the CDMA market - which is the newest and fastest cellular technology. CDMA cell phones are all digital. They are faster, quicker and more efficient than older analog phones currently used in China. The best way to think of CDMA technology is to liken it to the Internet. Ten years ago if you wanted to connect to the Net, you had to use a dial-up connection. It worked, but it was slow and inefficient. Thanks to improved technology, now you can pay for cable or DSL connections - which are much quicker and user friendly. CDMA technology is to cell phones as DSL and cable is to the Internet. CMDA subscriptions increased more than 16 times in the first six months of 2003 compared to 2002. And by the end of this year, look for CHU to announce it has broken even in the CDMA market. If this happens, Wall Street will go nuts. Every analyst in a suit and tie will recommend CHU to their clients - and its stock price will soar. But until that announcement comes, people are waiting. No one is brave enough to buy now. But now is exactly when you should speculate - before the rest of the world pushes its price sky-high. Besides its cell phone, long distance and Internet businesses, it also has a wireless paging business. And it is bleeding money right now. In the first six months of 2003, it lost more than $60 million. China Unicom is in the process of trying to sell its paging business. And it should be able to do so in the next 12 months. When it does, look for the announcement to spark a buying rally on Wall Street. As long as China Unicom remains one of only three cell phone providers in China, you can bet business will flourish. I will look for its subscriber base to double in the next four years. Plus, the ace in the hole will be the new CDMA business. Once it turns a profit, watch out. This stock will be hot. Action to take: Buy shares of China Unicom Limited (CHU:NYSE) under $8. They adviced to buy it below 8$ and my friend bought it at 7.35 or so and he is enjoying a sound positively growing profit. I thank to the provider of the report. i did some research on it and i think its a safe long term bet. :D
I like the logic. The market is growing. China Unicom has a decent operating history of increasing growth and earnings. This definitely seems like a well-reasoned purchase.
[quote:3261764c8e="alfredsokol"]I like the logic. The market is growing. China Unicom has a decent operating history of increasing growth and earnings. This definitely seems like a well-reasoned purchase.[/quote:3261764c8e] i entered the market at the price of at 8.86 yesterdays. bought 100 shares lets see what happens. they are up already to 9.00 now lets see how far they can go. i would say at least around 11 or 12 :twisted: Chahine
I happen to like stocks in the $8 range and have seen many of them go to $10 or $12. Just keep an eye on the company every day and make sure you don't hear any negative news.
[quote:b864c5a4f5="alfredsokol"]I happen to like stocks in the $8 range and have seen many of them go to $10 or $12. Just keep an eye on the company every day and make sure you don't hear any negative news.[/quote:b864c5a4f5] sounds good to me. but i think the this stock has a good potential to go up. Thnx
I think you may be right. In fact, I hope you are! :D
[quote:ce5e696127="alfredsokol"]I think you may be right. In fact, I hope you are! :D[/quote:ce5e696127] What do u think about the WHT stock on a short range quick buck trade. Chahine
you guys probably think that i have a lot of stock a list of them and asking u guys you advice.... well its kinda true i don't have a list but just if something grabs my attention i look into it and find out about it sometimes result in lucrative like CHU. which btw went up to 9.01 from 8.85 :twisted: the reason im doing a lot of post is that i have no eperience in stocks and im starting to understand it and starting to go into the details of it. im hoping that in the coming 6 month i will be able to multiply my capital by 3 or 4. hence i have more capital, so that i can start looking into more stable and long term trading strategies. "specially into Buffett's value investing" im a big fan of Buffett and i think his technique is unique and will run over time. I hope to achieve it with ur wise advices Chahine
Woo hoo CHU is up to 9.26 good decision...... 8O later
No need to apologize for posting! The more posts the better. The WHT is a gold producer. I'm not sure I'm sold on Gold at this point.
Hey Chahine, don't hesitate to ask questions. It helps all of us learn more about stocks. Now WHT has some potential. If Gold prices keep going up, then this one will go up with it and with a purchase price of under $2 you will look like a genius. "Rising tides raise all boats". If the Gold sector increases, and the overall market remains bullish, you will be set. However, this company is no great year to year earner. If the trends I describe above go againts you, this one will drop like a rock. To commit a small amount of capital to it might be okay, to test the waters.
[quote:21d9e95a2a="alfredsokol"]Hey Chahine, don't hesitate to ask questions. It helps all of us learn more about stocks. Now WHT has some potential. If Gold prices keep going up, then this one will go up with it and with a purchase price of under $2 you will look like a genius. "Rising tides raise all boats". If the Gold sector increases, and the overall market remains bullish, you will be set. However, this company is no great year to year earner. If the trends I describe above go againts you, this one will drop like a rock. To commit a small amount of capital to it might be okay, to test the waters.[/quote:21d9e95a2a] hmmm sounds wise i think i will do that because according to me even though the US economy is starting to show some sign of recovory i think it still a good time to make money in these kind of stocks but i think u are right put a limited amount of cash in it. Chahine
Set a stop loss order for 8 per cent of your purchase price. Make sure it never expires. If the stock plummets, you are out automatically. Never risk more than 8 % in a speculative short term investment.
[quote:86ff1eec4f="HappyHarry"]Set a stop loss order for 8 per cent of your purchase price. Make sure it never expires. If the stock plummets, you are out automatically. Never risk more than 8 % in a speculative short term investment.[/quote:86ff1eec4f] Thanks HappyHarry that was one thing i didn't know but im happy that you adviced me that. Good to know. Wise trading which guaranties at least amount or minimal loss. thnx chahine
Yeah, Happy Harry brings up an excellent point. Use the stop loss orders for short term investing. Limits your downside to a set percentage. You may also want to have a sell rule. In the case of a stock like the one's you've been talking about, have a profit target, and when met, sell and take profits.
[quote:6233d1e3f3="alfredsokol"]Yeah, Happy Harry brings up an excellent point. Use the stop loss orders for short term investing. Limits your downside to a set percentage. You may also want to have a sell rule. In the case of a stock like the one's you've been talking about, have a profit target, and when met, sell and take profits.[/quote:6233d1e3f3] i do agree with. Will do that. Thnx Chahine
i found this stock that seems to show a cyclical pattern what do u guys think PCIS Chahine
Their earnings are announced on 10/30/2003. Check out their conference and see what they have to say. They are profitable and its in health care, so those are both good signs. Requires more research.
Steel is an interesting industry. They have a very hard time making money but the industry is essential to the future of the country. You cannot let all steel production go to foreign countries due to national security concerns. But if you're going to buy a steel company, it had better be an extremely efficient operator.
[quote:9dce8ccf49="KennethPenn"]Steel is an interesting industry. They have a very hard time making money but the industry is essential to the future of the country. You cannot let all steel production go to foreign countries due to national security concerns. But if you're going to buy a steel company, it had better be an extremely efficient operator.[/quote:9dce8ccf49] i do agree on that but in my opinion its an industry that will work now because its not that much dependend on the market movement its more independent.... compared to gold is the market moves up the gold is effected most of the time negatively and if the market moves down its effected positively. to my because of the market instability for the next year or so gold is a safer investment than steel. chahine
1 other stock i forgot that solicitated my interest but i was skeptical about. but i need second opinion on it called IPVO Chahine
Very tiny company. Looks like they're in Voice over IP. Definitely a fledgling industry. They made $9k in profits in the last year. So have I :) LOL
Woooo hoooo CHU up to 10.25 today. according to u guys what would be the maximum price it will reach. 15, 20 , 25 $ Chahine
Whoa! Nice profit there. If it moved that much up, I am willing to bet it can see $15. Hang in there, especially if the news is good. Congrats on your gain.
thnx i had some good advices from this forum which im happy to have followed. Thanks guys ;) :D
Glad it's working out for you :)