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Thank you, your finding makes sense Will monitor.
From TA chart, all indicators still support the soaring except Stochastic turn starts turn south.
Anyway market sentiments may differ from FA, as TA always reflect momentum with price mix.
Thank You Very Much. I appreciate you take the effort to highlight.
ROI25per ( Date: 01-Aug-2009 11:26) Posted:
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Beware of this stock
A classic example of channel-stuffing
CHINA ERATAT SCORE HIGH IN FIRST QUARTER RESULTS
Revenue grew by more than 50%
Overall gross profit margin rose to 31.6%
Net profit increased by 24.7% to RMB35.4 million
How can that be in this kind of environment??? This Q better than last Q?
If u look carefully into the balance sheet and cash flow; it tell us the reasons
Trade receivables has increased to 237,226,000RMB from 167,726,000RMB, this increased almost equal to the revenue increased. That means they recorded it as revenue as they stuffed all the goods at all the retailers. The goods may be still lying down there and not sold to customers.
This receivables are potential bad debts. that's also why net cash (used in)/generated from operating activities dropped to negative (17,847,000RMB) from 43,488,000http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_61A2891FE6836DA04825760400369EE7/$file/News_Release_FY10Q1_FINAL_2.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_919CF3E50C99FFE14825760300351414/$file/Results_Announcement_2009.06.30_FINAL.pdf?openelement
Interesting stock, always goes in reverse direction.
Watch out !!
Now vol shoot up to 19601k price surge to 0.155 !!
It's time to shine!!
Yah lor, I think happens to all of us... sigh, no crystal ball lah... haha...
I think vol still low, but can feel something is on the way. watch it out everyday at least twice a day.
Recently lots of counters come in a sudden, like Oceanus, Samko, China Zaino, Sing Holding, Yanlord, Ezion..... the wave were so fierce and strong, once you close your eye, it surged up to 10 -20 % ! By that time do you still dare to enter? Don't chase is the common advice, but it is really so? Yanlord from 1.95 up to 2.03 sold off, scare correction, next day upto 2.10, too high, dare not chase, now 2.18 and will advance to 2.30 in time, who know? Watching friends making money. This is my personal experience these few weeks.
Cheers
Finally volume and interest coming in. Will this laggard finally break it's resistance of 0.160?
Not too sure... but I do believe in this stock. Just waiting to rise. Maybe BB noted this opportunity as well. Haha
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Something catch my eyeball, just a minute ago, big boy comes in take 1000 lots at 0.15
Any friends would like to share what is happening?
Thanks...
This stock quite lethargic although fundamentals solid. Hopefully more pple will start to realise that this is another HX n Sports in the making. PE all less than 1. Incredible...
I think this stock has got similiar potential to Sports. So if you're patient, will reap the rewards. PE of Eratat, Sports n HX all under or abt 1 if I'm correct.
Good mgmt. Good cash position. Good potential.
Resistance is 0.16, once it breaks will way up. Fundamentally strong, but no energy to push, today volume is so small, yesterday reached 0.16 then retreated back to 0.155 and finally closed at 0.15 after 5:00 pm. Shit!
Vested at 0.15 no patience to wait wanted to quite.
Any advice ?
I consulted my auditor friend, not bad. But no call here. do your own analysis.
huge vol today... worth to go in? hmmmmmmmmm
1 of my friend rec. to buy tis stks..less share than sport..much more easy to push..now is moving...
ahem... 
ahem...