Jiesen tries to take over the world

[New-born baby]

ENG and REGN

By the way, what did your friend end up doing with the $$, NBB?

Sorry I missed this while on vacation. We put the money in Canada, and made about $414 on StormCat Energy. Then we put money into ENG and REGN. ENG paid off to the tune of about 11%, and we are up about $30 on REGN. The rest is in cash. Mr Market's picks are too pricey for this $2770 account. Considered buying BEL for $2.93, and am kicking myself for not doing so. Considered ALTI at $2.91. ZICA-put a limit order in for $2.55, but it didn't fill, and truthfully, I am not sorry (at this point). I want to consistently get base hits for this friend. Another friend I put into KBH today. I hope I am not sorry for it later.

Any other picks you'd like to throw up on the board?
God bless Jiesen.

[New-born baby]

Amln

AMLN is also at the top of my list right now, and if it pulls back another $1 or so, I may jump back in with both feet instead of just one.

I take it you did not buy any more AMLN. If not, I'd wait for the $16.50 mark, because I don't think it will be too long before she comes down to this level.

[jiesen]

I take it you did not buy any more AMLN. If not, I'd wait for the $16.50 mark, because I don't think it will be too long before she comes down to this level.

Actually, I did pick up more shares at $19.4 (mentioned it in the AMLN thread). I don't believe we'll see it fall quite that far. My stop is at 18, and I don't expect it to get hit. Monday may give us a better clue though, since more script data will be out then. Short position has increased from around 15M shares to around 25M, without the effect you would expect that to have. When they need to cover (and they will) AMLN will take off.

[New-born baby]

Don't know what to do right yet

Actually, I did pick up more shares at $19.4 (mentioned it in the AMLN thread). I don't believe we'll see it fall quite that far. My stop is at 18, and I don't expect it to get hit. Monday may give us a better clue though, since more script data will be out then. Short position has increased from around 15M shares to around 25M, without the effect you would expect that to have. When they need to cover (and they will) AMLN will take off.

Jiesen,
I don't know just what to do about AMLN just yet. Probably I will just sit on this thing until it sorts itself out. I could double or triple my position, but would have to see a double bottom on the chart to do that. I am upside down in a big way on this one. Never liked being upside down very much.
Here's the chart anyway. Not pretty.

AMLN will not go up in a reversal. I think she'll make a double bottom. You know, go up from $16.50 to $18, then back down to $16.50. We shall see. . . .

[New-born baby]

Amln

Tremendous $2 surge this morning. I'm still underwater . . . .

[jiesen]

Tremendous $2 surge this morning. I'm still underwater . . . .

My 19.4 position is now helping, rather than hurting. Because my initial position was 21, I'm also underwater, but not by much... Anyway, $2 up today must mean our Monday script number have come in higher than expected. I'll find out for sure and report back here.

[New-born baby]

Thanks Jiesen

My 19.4 position is now helping, rather than hurting. Because my initial position was 21, I'm also underwater, but not by much... Anyway, $2 up today must mean our Monday script number have come in higher than expected. I'll find out for sure and report back here.

Jiesen,
You are tremendous! Thanks. Now please get our KBH up out of the water. BMHC, TOL and KBH are all taking it hard today.

[jiesen]

Hey, take a look at AFT!

They actually made some money this time! Now I remember why I bought this one...

http://biz.yahoo.com/bw/050802/25341.html?.v=1

Axesstel Achieves Profitability
Tuesday August 2, 8:00 am ET
Revenues $37 Million, EPS $0.01, Gross Margin 12.2%

SAN DIEGO--(BUSINESS WIRE)--Aug. 2, 2005--Axesstel, Inc. (AMEX:AFT - News), a leader in the design and development of fixed wireless voice and broadband data products, today announced positive results for the second quarter of 2005. Revenues for the second quarter of 2005 were $37.0 million, an increase of approximately 369% compared to revenues of $7.9 million reported in the same period last year and an increase of approximately 27% compared to revenues of $29.0 million in the first quarter of 2005. The company reported net income of $.3 million or $0.01 per diluted share as compared to a net loss of $1.0 million or ($0.13) per diluted share for the same period a year ago, and a net loss of $1.4 million or ($0.10) per diluted share for the first quarter of 2005. Gross margin for the second quarter of 2005 was $4.5 million or 12.2% compared to $1.0 million or 12.4% reported in the same period last year and $3.6 million or 12.3% in the first quarter of 2005.

"We are very pleased to have reached a significant financial milestone in the second quarter by achieving profitability," said Mike Kwon, chairman and CEO of Axesstel. "Over the last year, Axesstel has accomplished major strategic objectives by expanding our customer base worldwide, diversifying our product portfolio, and enhancing our manufacturing capabilities. Going forward, we will strive to solidify our position as a leading provider of high-quality fixed wireless products by growing revenues through new product introductions, expanding current customer relationships and acquiring new customers in markets worldwide."

Significant recent developments include:

• In July, Axesstel announced it will supply Tele Barta with the AXW-P1900 Fixed Wireless Phone to support the launch of their CDMA2000 1X fixed wireless network in Bangladesh.
• In June, Axesstel purchased manufacturing capabilities in South Korea and moved volume manufacturing to China to reduce production costs, increase manufacturing efficiencies and expedite product introductions. The company also announced it will supply Suntel with the AXW-P800 Fixed Wireless Phone to support the launch of Sri Lanka's first CDMA2000 1X fixed wireless network.
• In May, Axesstel strengthened its management team with the appointment of Clark Hickock as chief operating officer and built on marketing with the addition of Kim Haneke as senior director of marketing.
• In April, Axesstel expanded a supplier relationship with Telecard Limited of Pakistan and opened a representative office in China.

Third Quarter and Full Year 2005 Guidance

The following statements are forward looking and actual results may differ materially. Please see the description of certain risk factors in this release and Axesstel's reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks. Based on the current business outlook, Axesstel anticipates revenues for the third quarter of 2005 to be between $34 and $38 million. Full year guidance for 2005 revenues continues to be at the high end of $135 to $145 million. Axesstel continues to expect to generate an operating profit for 2005.

Conference Call

Axesstel will host a conference call today, August 2, 2005 at 10:30 a.m. PDT (1:30 p.m. EDT) to discuss the second quarter 2005 results. Participating in the call will be Axesstel's chairman and CEO, Mike H.P. Kwon, David Morash, president and CFO, and Patrick Gray, vice president and controller. To participate in the conference call, please dial the following number at least ten minutes prior to the scheduled conference call time: 800-862-9098. International callers should dial 785-424-1051. There is no reservation code required for this call. For those unable to participate in the call at this time, a replay will be available from August 2, 2005 through August 11, 2005. To access the replay, please dial 888-562-0853. International callers should dial 402-220-7338.

About Axesstel

Axesstel is a leader in the design and development of fixed wireless voice and broadband data products. Axesstel's product portfolio includes fixed wireless desktop phones, payphones, voice/data terminals and broadband modems for access to voice calling and high-speed data services. Axesstel delivers innovative fixed wireless solutions, currently based on 3G Code Division Multiple Access (CDMA) technology, to leading telecommunications operators and distributors worldwide. Headquartered in San Diego, California with a research and development center in Seoul, South Korea, Axesstel is listed on AMEX: AFT. For more information on Axesstel visit www.axesstel.com.

[jiesen]

bought XING Dec $10 calls

Just bought a few options on XING, just in case. I still think XING might pull it off, and wanted to give it a few more months before giving up, but I want to keep my downside limited, so options are the way to go for me.

[Lyehopper]

Just bought a few options on XING, just in case. I still think XING might pull it off, and wanted to give it a few more months before giving up, but I want to keep my downside limited, so options are the way to go for me.

Jiesen what do you think of PACT? .... technically speaking? .... It's one of my long picks in the contest, and I own it in my portfolio.

[jiesen]

Jiesen what do you think of PACT? .... technically speaking? .... It's one of my long picks in the contest, and I own it in my portfolio.

Hmm, interesting question, Lye. I try to stay away from TA mostly, but fundamentally I do have some opinion of PACT. Usually when I'm looking at PACT, it's in comparison to XING, since they're in a very similar market. That is, the macro factors that moves one up tends to move the other as well. I tend to gravitate toward XING, though, because there's much more meat, valuewise, to the stock. Management seems to be a bit shoddy with XING, and perhaps PACT is better-managed, thus deserving of the much higher multiples given it. But I still like XING for the fact that it's trading very near BV, whereas PACT is trading much higher, at about a 70 P/E! Both are in very lucrative Chinese markets, but PACT is actually a US corporation, and so is more readily analyzed by US investors. That doesn't necessarily make them better able to allocate capital, but it certainly makes it easier for them to obtain it.

But to get back to your question about the technicals, I'd have to say that PACT has shown a tendency to spike up pretty hard on its big contract announcements lately, and it's been awhile since it's happened, so you might be able to make out pretty big on this, if you just buy a little and wait for a pop. I'd sell a couple days into it, though, as it also tends to pull back pretty quickly. Also, if you do this, I'd recommend a pretty tight stop, since PACT is trading at a pretty rich multiple, and may drift quite a bit lower than you'd like to see if you entered now. The latest news from Thursday is encouraging, though, and the stock hasn't reacted much to it- not quite sure whether that's really a good thing or not- but if you got it here at 8, I'd say there's a pretty good chance you'll be able to get 12 for it within 3-6 months. Maybe if 7.5 gets hit first, though, take your bet off the table and try again to enter around 6-6.50. That's probably how I'd approach PACT, but then again, I'm still convinced XING is the better value of the two, so would be more likely to put my money in XING than PACT.

I was previously much more bullish on Chinese stocks, but seeing consistently disappointing financials coming out of XING (may just be a XING thing) has turned me off quite a bit, so I've reduced my position in XING from around 10% to just 2% now. With options, or on some decent quarterly info, I may try to re-enter, but I'm not focusing as much here as I used to.

Another good developing market telecom I like is AFT. I'd recommend checking into that one, and see if you like it- revenues are growing quite well with AFT, and they just announced their first profitable quarter. Plus they are headquartered just up the street from me, so I can run right over and bug them if I feel the need! (I've done it once, just to check that they actually exist and are hard at work.)

[jiesen]

Bought NGPS for 24.35

Just took a small position (~1%) again in NGPS today. I was thinking to go back in all the way on CMTL but couldn't resist the value of NGPS here at 24 and change. Besides, now that I have both I'm more diversified, right?

Anyway, I plan to sell between 32-36 or wherever it happens to be (assuming it's up) when CMTL hits the 15% for another notch on the $$MM streak.

[Runner]

Just took a small position (~1%) again in NGPS today. I was thinking to go back in all the way on CMTL but couldn't resist the value of NGPS here at 24 and change. Besides, now that I have both I'm more diversified, right?

Anyway, I plan to sell between 32-36 or wherever it happens to be (assuming it's up) when CMTL hits the 15% for another notch on the $$MM streak.

I'll join ya off a 20 band slip!!

[jiesen]

cool, welcome aboard and good luck to us both!

[jiesen]

... but then again, I'm still convinced XING is the better value of the two, so would be more likely to put my money in XING than PACT.

I was previously much more bullish on Chinese stocks, but seeing consistently disappointing financials coming out of XING (may just be a XING thing) has turned me off quite a bit, so I've reduced my position in XING from around 10% to just 2% now. With options, or on some decent quarterly info, I may try to re-enter, but I'm not focusing as much here as I used to.

XING is tearing it up today, on a fairly rosy quarterly "update."

http://biz.yahoo.com/prnews/050810/lnw004.html?.v=15

Who knows, those options just might pay off for me.