chinese ipo EFUT on fire!
EFUT closed @ 11.40
EFUT is a chinese software company that currently has 500 customers, many of which are China's largest corporations. There are about 3 million outstanding shares and 1.1 million shares in the float.
With revenues at $5 million (usd) and $750,000 income, this is a recently profitable company. With only 1.1 million shares in the float, this is a volatile stock. For good traders, this can be a very profitable stock to trade.
Buy under $10 (most preferable) or a break above $12. I would not hold this stock pass $25 (which gives it a 75 million market cap).
Remember i gave ya guys SWAT @4.70 and it went to above $9 in less than 2 weeks. SWAT got potential but it had little revenue and was not a profitable company. I feel that EFUT could get to $20 (doesn't mean you should wait till $20 to take profits) but we'll see. Another way to play this stock is to buy below $10 and sell somewhere above it.
Day or swing trade. Please play small or you can get hurt. Don't chase the stock but set a limit order so it can come to your desired level of entry. You really do not need to chase it because it will be very volatile.
EFUT is a chinese software company that currently has 500 customers, many of which are China's largest corporations. There are about 3 million outstanding shares and 1.1 million shares in the float.
With revenues at $5 million (usd) and $750,000 income, this is a recently profitable company. With only 1.1 million shares in the float, this is a volatile stock. For good traders, this can be a very profitable stock to trade.
Buy under $10 (most preferable) or a break above $12. I would not hold this stock pass $25 (which gives it a 75 million market cap).
Remember i gave ya guys SWAT @4.70 and it went to above $9 in less than 2 weeks. SWAT got potential but it had little revenue and was not a profitable company. I feel that EFUT could get to $20 (doesn't mean you should wait till $20 to take profits) but we'll see. Another way to play this stock is to buy below $10 and sell somewhere above it.
Day or swing trade. Please play small or you can get hurt. Don't chase the stock but set a limit order so it can come to your desired level of entry. You really do not need to chase it because it will be very volatile.
posted by beanie11111 | 12:31 AM
16 Comments:
hey pamfla,
I try to help our swingtraders and longer term traders, but my top priority is the daytraders. I try to pick stocks that all three groups can benefit.
I did not say EFUT is my new favorite! I don't like low floaters in general, but it can be fun once in awhile. Please play small on these kinds of stocks.
Would you buy WFMI at this time? I missed it last quarter when it droped and kicked myself.
lee,
no i wouldn't. Their (WFMI) growth has slowed dramatically. If next quarter is like this, it's finished. But of course you can buy for a daytrade or swingtrade. I'm not touching it either way.
SAI: let's buy some if it takes out 19.90
NOVL: entry already triggered! Do you remember what i said yesterday?
NOVL: sorry, my bad. It has NOT triggered! 7.20 is the number
SAI: once it takes out 20.00, it's all aboard!
Make sure you got some funds once SAI takes out 20 . Every trader and their grandma will probably dive in. lol
NYX: going to 100. You don't believe?
stock tip #2, BSX
Breaking out NOW.
EFUT: don't buy this today even if it goes under 10. I get the feeling that we will have a market correction next week.
is this a breakout in OIH?
BRLC: holy sh%t, you probably want to be in. Only 400 million market cap on a company that will make 600 million in revenues this year!
short , intermediate, to longer term play.
Let's buy this puppy only if it takes out $8 . You know there is a possibility that even if it does take out $8 it could still fall back later in the day if the market keeps on dropping.
Your call.
anonymous,
very likely OIH is breaking out. Swing it if you like but don't hold it into year end.
SMSI: i personally believe this stock is headed to $12-13
EFUT going to $20, this could be like a chinese TZOO--------1.1m float 2.6m o/s .43 eps for year ended 12/05 IBM
partner, eFuture has over 500 customers, 30% of the
top 30 retailers in China and 30% of top 500 retailers
in China.
Financials:
http://www.sec.gov/Archives/edgar/data/1329365/000119312506179875/d20fa.htm
IBM connection:
One Chinese software company that IBM researchers are
working with is efuture Information Tech Inc., a
developer of retail technology. IBM wants to help
efuture make its supply-chain-collaboration software
more compatible with major business applications used
by multinational companies. Also, IBM hopes adapting
software such as efuture's to the collaborative tools
built into its middleware products, such as IBM
WebSphere, will boost its sales in China.
http://informationweek.com/story/showArticle.jhtml?articleID=51000468
EFUT and SAP from 09/20/06
here is EFUT and SAP article http://www.e-future.com.cn/ArticleShow.asp?ArticleID=266&BigClassName=English
SAP hands with eFuture to promote Chinese retail information industry
eFuture Announces its Debut Listing on NASDAQ Market
Capital
Wednesday November 1, 9:00 am ET
BEIJING, Nov. 01 /Xinhua-PRNewswire/ -- eFuture
Information Technology makes its debut listing on
NASDAQ with symbol: EFUT.
eFuture Information Technology Inc. (eFuture), a
leading provider of integrated software and
professional services in China's supply chain front
market, announced the closing of its initial public
offering of 1,133,500 ordinary shares at $6.00/shar,
raising 6.8 million dollars.
The ordinary shares began trading on the Nasdaq
Capital Market on October 31, 2006 under the symbol
"EFUT", shares of eFuture climbed 16.67% in their
first day of trading in US Tuesday.
eFuture is the first Chinese software company listed
in NASDAQ CAPITAL MARKET, and also the first software
company in the front supply chain market, therefore,
it will spark the interests of domestic and overseas
investors sooner or later.
Adam Yan, eFuture's Chairman and CEO, says: ''China
has enjoyed and sustained economic growth for many
years and now China's market is huge, particularly in
retail and consumer market. Therefore, we have
established three basic strategies. First, Upon
China's growth opportunities of next five years, we
will constantly solidify our leading position and
expand our and market share through organic growth in
the front supply chain market, particularly in retail
and FMCG (Fast Moving Consumer Goods) markets; Second,
efuture will take the lead in outsourcing,
international business, SAAS service through business
model innovation. Third, we will not miss any
opportunity to acquire companies, which can increase
our shareholder's value.
About eFuture
eFuture Information Technology Inc. (''eFuture'') is a
provider of integrated software and professional
services for manufacturers, distributors, wholesalers,
logistics companies and retailers in China's supply
chain front market.
eFuture's customers are centered in the retail,
automotive, general household appliance and consumer
goods industries. Its solutions are specifically
designed to optimize demand processes from finished
goods to customer checkout, and to address supply
chain management, business processes, decision
support, inventory optimization, collaborative
planning and forecasting requirements. eFuture 's
software solutions business is enhanced and supported
by its consulting services and ongoing maintenance on
existing software installations.
eFuture has over 500 customers, 30% of the top 30
retailers in China and 30% of top 500 retailers in
China. And eFuture has also been selected to provide
the retail software for upwards of 500 retail stores
(Mickey Space) that will be selling Disney products in
China. In addition, eFuture provides products and
services to Proctor & Gamble, Ford, Panric, Haier,
Gucci, Suning, PARKSON, SOGO, Wangfujing, Homeway,
Orient home, and other large companies operating in
China's domestic markets.
For more information about eFuture, please visit
http://www.e-future.com.cn......... English channel.
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