Ry You Trade So Much But You No Do $1 Million? This is what some stumped long investors in China Teletech Holding, Inc. (OTC: CNCT) are asking since it got picked up by Daily Penny Stocks on Wednesday. Two days of super gains, not yet enough to get those who got caught on the Psycho peak, but still better than anything CNCT stock could have down on its own. With water, wine and calling cards helping to put money in the pockets of the Company’s books, is the recent trading pattern able to keep its better than normal good looks?
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CNCT Stock Quote
Market Cap: 10.61M
Last: 0.17 ▲ 0.089 (109.88%)
Dollar Volume: $918,064
Issued and Outstanding: 62,417,622
14-Day Rel Strength: 87.78%
14-Day Stochastic: 35.18%
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China Teletech Holding is a sexy company – its marketable, its growing, its capitulating when it comes to business opportunities and I want to have its babies. Selling water, wine or prepaid cell phones cards in probably one of the busiest cities in the world, how could you not have already loved CNCT stock when it was under .01 prior to Wednesday?
As of September 30, 2012, the last reported quarter, the Company had $3,372,544 in cash, $1,144,660 in current liabilities of which $755,433 were taxes payable, an excellent payable to have since its a clear indicator that you’re banking coin. During the 3 months ended September 30, 2012, they generated $8,562,535 in revenue, as compared to $3,093,734 during the same period in 2011, an increase of $5,468,801 (177%).
During the 9 months ended September 30, 2012, they generated $19,641,115 in revenue, as compared to $15,825,168 during the same period in 2011, an increase of $3,815,947 (24.1%).
Ry You No Love CNCT stock until it go Psycho?
Now that Psycho and Daily Penny Stocks have exploited the undervalued shares and exposed them to traders, CNCT stock will undoubtedly return to a level near where it originated prior to Wednesday. When that happens, traders can expect to swing in and out of some spectacular chances for easy double digit gains from time to time.
About CNCT Stock
China Teletech Holding, Inc. through its subsidiaries, is principally engaged in the distribution and trading of rechargeable phone cards, cellular phones and accessories within cities in PRC. Customers of the Company embrace wholesalers, retailers, and final users.
Last 5 Trading Sessions:
Bottom Line: CNCT stock is ready to see its share price pull back here shortly and end its debut and visit to the top 10 penny stocks traded list from the last two days. On the inside, CNCT is an amazing Company whose share price was well undervalued at .007 and should be watched for the upcoming dip in today or Monday’s trading session.
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