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Corrections Corporation of America Message Board

mince38 38 posts  |  Last Activity: Sep 13, 2014 7:26 PM Member since: Aug 5, 2001
  • mince38 mince38 Aug 21, 2014 2:16 PM Flag

    How do you feel now????? You just lost 8% in 2 hours. Are you going to borrow money to buy more since its an even better buy now? Ive been trading since the 90's, what I tell you guys is from experience. Why are you so touchy? Notice Im not bashing or pumping. Im "HOLDING"

    Sentiment: Hold

  • mince38 mince38 Aug 21, 2014 2:13 PM Flag

    No. Im just saying price will pull back to the sma or else price stalls and waits for the sma to catch up. They usually meet for a "kiss" (touch) sooner rather than later Look how soon it started happening. this price action this afternoon is much quicker than I would or anyone could have anticipated. Thats why most day traders get buried.

    Sentiment: Hold

  • mince38 mince38 Aug 21, 2014 2:11 PM Flag

    You dont understand my point. Im EXACTLY on target as we watch this " puppy bleed red all afternoon back to the" revision of the mean". This could just be the shorts attacking again but the 8sma doesnt ask those questions. Price and the 8sma always meet for a "kiss" sooner or later every several bars or so. Its ok, we all have to start some where

    Sentiment: Hold

  • mince38 mince38 Aug 21, 2014 1:38 PM Flag

    Heres the link. I see 3-5000 vehicles. Not 1000 cities. Am I correct? I also hope this guy Ma Jing really exists! -)

    http://finance.yahoo.com/news/first-208-kandi-brand-electric-123200086.html

    Sentiment: Hold

  • mince38 mince38 Aug 21, 2014 1:28 PM Flag

    facts, roller, this should be a very interesting afternoon as the biggest volume today on the 15 min charts has been an up bar but the largest/widest candle has been a down bar. This should be an interesting afternoon as you clearly have 2 groups working today. The gappers who glommed this thing up at over 21 and the sellers who have been unloading it all day till 1:20. Already we are in the red at 1:22 and volume is already almost 4m! Either a short fake out just took place and the longs are going to reverse this sharply or we are in for a bloody red afternoon. Who has the popcorn going???? -)

    Sentiment: Hold

  • mince38 mince38 Aug 21, 2014 12:58 PM Flag

    Facts, Thank you for the info. But I am already on page 2 or 3 of google search for this company and can find no evidence of this accusation being rebuked. In fact the latest news is actually a press release in disguise about because they have a sentence there that said consumers can "enjoy" the cars now. That means the co. is releasing all the news we are going by. I cant find anyone who is actually in China writing an unbiased article on this company. Would you know of any newspapers or any links. I'd feel much better buying this thing knowing sources other than the same :motley fool, seeking alpha and the street are doing the reporting! I am not a pumper or dumper. Im just concerned no serious people who manage big funds, or George Soros type people are not commenting on this company at all. Lets remember this co got listed thru a reverse merger. It could be at 50 next week. I want to be wrong, believe me! As a technical trader we seem overextended today anyway. I want to be wrong there too. I will feel much better when this co. has an International presence. Anyone agree?Ok, lets go to 80 plus if I am wrong. Im just woried because this sounds too good to be true and all sources of reporting are getting their info from the company only from what I can see. At least the spread is only 3-7 cents today from the hour I have watched it. Id still for longevity bet on my alcoa aluminum-AA to be here in 3 yrs from now, and its got a penny spread and similar stock price. Id actually love this co to come to the usa and use Alcoa. Jesus, would I make out great! I really want to feel better about this before I rate it strong buy.

    Sentiment: Buy

  • I know many of you do not believe in technical analysis. I am going to prove a very simple concept right now. Put up both a weekly and a daily chart of KNDI. Now add an 8 simple moving average to the chart. Thats all. Notice this stock(and almost all others) will always seek to return to that area, that line where the 8 simple is. We at this point are what is called in trader jargon "over extended." Its not a guarantee we cant break todays high by end of session, just that the odds arent with us at all. Notice on the daily or weekly chart that whenever you got more than an inch away from that line, it always pulled back. Over 90% of the time. And we are certainly further away from that 8 sma line than weve been in a long time. If its only away from the price bars(i use candlesticks) on just the daily, thats a big confirm, but on the weekly as well, really means this stock is going to need a rest very soon. Maybe as of today or end of day. Isnt it amazing how accurate this stock stays near that 8sma. Is it math or do the mm's look at the charts the day before. Ha! Even the best traders cant answer that. But it works. I'd love to see this go to 25 today and be wrong. But odds dont favor it till at least next week or 2. This is what I traded with for many years and its better than almost any indicator you can buy.

    Sentiment: Buy

  • mince38 mince38 Aug 20, 2014 10:37 PM Flag

    Why would net operating cash flow decrease for any reason with this stage of a company? Where is Warren and George when you need them. I'd love to get their opinion!!!!! Look at the streets latest commentary on their cash flow which is in the minus column. Why?

    Sentiment: Hold

  • mince38 mince38 Aug 14, 2014 5:09 PM Flag

    facts, The govt contract is the only reason I am even bothering to follow this stock. Can anyone supply us with a real news article from a real chinese newspaper that can confirm all of this? Abd also, maybe they are just shorts spouting BS, buit 2 or 3 guys said that this co. is not even listed in China in the list of top car co's in the battery car biz! Is this true? Could anyone supply a link? Dont be fooled by institutional ownership, its a good sign but Enron had plenty of that too,didnt they. This stock is either going to 50 cents and trade on the bulletin board or its going to 100. Thats obvious. So dont call me a spammer or dumper. I am not. Im looking for any reason to get in despite the flaky price action and accusations from getting alpha.

    Sentiment: Hold

  • mince38 mince38 Aug 13, 2014 3:44 PM Flag

    With this lousy rebound today after getting hit huge yesterday, you may be right. Im also concerned about the murky financials seeking alpha spoke about. Does anyone know the authors credibility who says they sold cars to their own subsidiary to boost sales numbers!!!!!!!? As well as selling batteries below cost. Id be so much more comfortable if they had several centers in the usa, so we can either walk into one or hear from somebody that could verify they actually have what they say. And btw....if it looks too good to be true......". You think all the big institutions are not supporting this for a reason. Do guys like Soros or Buffett own one share? You mean they couldnt find this thing? LOL Seriously Id love to ask one of them what they thought of this co. Forget all those stodgy clueless mutual fund managers.

  • mince38 mince38 Aug 13, 2014 3:39 PM Flag

    I PRAY you are right but the weak rebound today after big hit yesterday is a minor red flag. Spreads that are over 7 or 8 cents are also red flag. I think watch and wait is the thing to do. Why? No sophisticated investors on this board and nobody has talked to management in the co and we are another continent away. Id have felt much better if this co was in the US as well. We could walk in to one of their centers and see with our own eyes. LETS ALL THINK ON THAT!

  • mince38 mince38 Aug 13, 2014 3:34 PM Flag

    kelbarjaj, then you might agree with my previous 2 posts that this could be another Enron. Of courser this stock is very undervalued....................IF the financials are not fudged. I am so tempted to buy in with a small stop but these guys are hitting stops every week. Fluctuations and wide spread are not good indicators. Big plus: WEEKLY CHART IS STILL ABOVE 8SMA. If it goes much below that which would be about another dollar down move, I think we are in trouble.

    Sentiment: Hold

  • Thats red flag number one. Number 2 is the spread which should never be more than a nickel. I personally dont like getting alphas accusation on the murky financials either. My previous post explained very calmly what happened when I put good money into a stock with murky financials and flow charts and spreads that were always too wide. NFI was a stock I bought at $60 with a 2b market cap and daily volume over 1m. But murky financials and wider than normal spread should have taken me out. It didnt. The stock went to zero. This is an American stock exchange traded stock even alpha and eventually Kramer touted. All of it was smoke and mirrors. It went from 5 ot 80 in 2 yrs and then went to zero. Something to think about as sometimes the "smartest guys in the room" (think Enron!!!!!) take their time in squeezing every investor they can. Or, the company is honest but the market makers have "picked out" this stock. Would you feel better if this stock went to 34 and then buy it, or get cut in half to 17 and then buy it??????? Bargain? Or momentum? Which do we want? Or is this just a pump and dump. I cant figure it out. Thats a big red flag if some of you look up my posts going back 15 yrs I dont cry wolf for nothing. If I get in, I will have a fairly close stop which is what they are hitting most days anyway, so how can one play this safely? I dont know!

    Sentiment: Hold

  • mince38 mince38 Aug 13, 2014 3:20 PM Flag

    Does anyone remember a company that dealt in real estate finance called NFI? About 11 yrs ago. Northstar Financial. They had a market cap of 2b. They always had merky financials and even murkier "flow charts." But because their earnings were exploding up each quarter we all looked to a mysterious website that someone put up to "help investors understand the company." Long story short the stock rose from like 5 to 60 over 2 years. Thats a long time for auditors to catch something. It sputtered at around the $60 area when the website appeared. It then very slowly nudged upward to about $80......but it often had an unexplainable 5-20 cent spread for the stock almost every day. . Sometimes as much as 40 cents on some days.AND IT TRADED OVER 1M SHARES DAILY! Long story short the stock was 'allowed" to drop rapidly but not alarmingly to $40 in 2 months so nobody got scared by any one days decline. At that time all the alanlysts jumped on it saying the p/e and the book value was so rediculously undervalued. I think the book was like .70 to a dollar! And that we were in the middle of a huge housing book so how could the stock do badly, they all asked us to ask ourselves. I believe get alpha (?) was also touting it big time. Maybe kramer too. It promptly went to zero in the next 3 months!!! One of the best pump and dump jobs Ive ever seen because I myself took a big hit. If I only knew then that ecen 8 or 10 cent spreads daily are a big red flag for any stock under 100, I would have saved myself a lot of heartache. I am dying to buy into this stock, but if any of you read my previous post about getting alpha's report on them fudging their revenues by selling batteries to themselves, I think we have 2 red flags. The spread which indicates manipulation and also this financial. Maybe we should wait.

  • mince38 mince38 Aug 12, 2014 3:52 PM Flag

    are they the subsidiary pointed out in this article on alpha? http://seekingalpha.com/article/2334455-kandi-technologies-10-q-reveals-phantom-sales-growth-and-other-serious-concerns

    Sentiment: Buy

  • mince38 mince38 Aug 12, 2014 3:50 PM Flag

    Thank you. You make sense. And no, it is not 5 yrs the market is shrugging off news like this. Its a few yrs its grinding up but as a day trader I remember the big dattraders would use every "hint" at am interest rate hike to drop the dow over 100 at 9:30 before bernanke even got a chance to speak and then miraculously it would rally back almost into the black by the time he gave his "benign" news. Do all of you forget just 6 months ago the euro union announced it might split up as the euro was so weak. Not only did the dow and naz not care look how far its moved up. You mean Europe isnt broke anymore? Are they just playing the printing money game like we are? Maybe thats why stocks are all drifting up, not because of any real value but because thye inflation is showing in the stockmarket first. In other words a 10 dollar stock last year now needs 12 dollars to buy it because it still only gets you $10 worth of food today. (or less!) Anyone notice that its almost $5 for most brands of cereals and $3.99 for plain loaves of watery pre-packaged english muffins or bread. Maybe the dow "will" reach 22000 before bursting because by them a box of all bran will be 6 or 7 bucks. And does anyone really think that the religious fanatics in the middle east have just gone away? There is no discount built in for terrorism or massive currency fluctuations. Why??????? I might as well be a buyer too if we want to play musical chairs.

    Sentiment: Buy

  • http://seekingalpha.com/article/2334455-kandi-technologies-10-q-reveals-phantom-sales-growth-and-other-serious-concerns

    What do you guys make of this? Not only implications of selling to themselves, but.....reselling batterys below costs to boost sales numbers. #$%$! I was about to buy in today at this fabulous juicy $17 number but now am concerned. Opinions please.....

    Sentiment: Buy

  • Do you guys remember the duays that if such an action as this was even hinted at the dow would drop 200-300 points on a dime? Why is global news not mattering anymore? As an aside has anyone seen what AA is doing. They have back orders for cars and planes for 5 years as of last year and demand for aluminum has started soaring this year. Is this a $50 stock in 12 months?

    Sentiment: Buy

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