CCTR - China Crescent Enterprises Inc.

Smarts · Nov 5th, 2009, 04:29 PM

Quote:

Originally Posted by dublbass

in @ .037 - fingers crossed for that .30 mark everyone's been talking of

I'm not sure how long you've been trading but I just want to tell you to be careful with penny stock companies that release PRs saying their stock price should soon be up some 900%.

I personally like the chart right now for a 1-2 day flip. That's just me. I don't "invest" or ever hold penny stocks longer than 3-4 days. I also wouldn't put any money in a penny stock that I can't afford to lose.

That being said, GLTY.

tonytheoak · Nov 5th, 2009, 04:39 PM

Quote:

Originally Posted by Smarts

I don't "invest" or ever hold penny stocks longer than 3-4 days. I also wouldn't put any money in a penny stock that I can't afford to lose.

That being said, GLTY.

I remember when I invested in CTIC...

They were trading at under 8cents a share, but my DD told me they were in for a major move up (it's now trading around a buck)

Since that time my meager investment of 15k into that stock yielded well over 150K.

All the while everyone scoffed.

I say definitely be careful, but do your DD. If you still believe in it...make your own decision...I'd hate to be one of those guys that let others decide for me...then blame them for not making money...or for losing it...

GLTA...

vtjohn · Nov 5th, 2009, 05:42 PM

Great call on CTIC; those biotechs can make ya or break ya. I've watched this one(CCTR) on & off, just was majorly turned off by the CEO's constant attention to stock price. Book value really means nothing in a penny; there's plenty of the big board stocks not at book value or NAV.

These pinks often move on news, but sometimes the MM's move 'em for fun too. Often the share structure is vague, and there isn't as stringent regulations for filings. DD is very tough with little info, or even misrepresented info.

This one doesn't pass the sniff test for me, but for those long here, GL!

tonytheoak · Nov 6th, 2009, 05:05 AM

Thank you,

I agree with you, as I too have been put off by the detachment mgmt has with their shareholders...I think we'd all like to see more substance in their press-releases, rather than the redundancy they've been shoveling us.

My hope is that when their financials finally do come out everything they've been saying is supported by positive numbers. It's difficult to give much weight to what they are saying without SEC statements and audited financials.

IF it turns out they are growing as much as they say they are I expect to see shares of CCTR in much higher demand.

Let's hope for the best.

Aussie0184 · Nov 6th, 2009, 11:16 AM

Been following NUBL and CCTR for long time. Finally kicking the bucket today and going elsewhere, i thought they both may pop because they was alot of chatter in other forums and chatrooms about good possibilities. This week the mood has changed and there is alot of talk about dilution to pay for acquisitions and even just employee pay and general day to day expenses. Pay the $20 for the routers investment review and see for yourself. I usually dont use indicators like chatter to make my moves but in this case all my DD has been telling me to get out for a while and have been sticking around just as a prospector stock. No longer, its off to the big boards for me.