SSI - Sino Strategic International

[motorway]

here you go

As outlined in the explanatory memorandum accompanying the Notice of Meeting dated 15
February 2008, the capital reduction and in specie distribution of GoConnect Ltd’s shares will not
be effected until the Company has received the shareholders’ approval as well as the favourable
rulings from the Australian Taxation Office (“ATO”).

We wish to advise that the ATO is in the process of reviewing our application for private and class
rulings in relation to the proposed capital reduction/demerger and we are waiting for their
determination.

In view of this circumstance, the Company has decided to defer the “Ex Return of
Capital Date”, “Record Date” and “Distribution Date” and they will be reset once we receive the
rulings from the ATO. We will advise the market of the revised timetable for the capital reduction
and in-specie distribution after we have received a determination from the ATO.

So I think it is on track
But that those dates are not set in stone yet...


On GCN

GoConnect Ltd (“GoConnect”) is pleased to announce the signing of a Memorandum of
Understanding (“MOU”) with Beijing’s Hope Software Co Ltd (“Hope”) to establish an equal
partnership in order to cooperate on the development and operation of a Business-to-Business
(“B2B”), online networking platform, for both businesses within Mainland China and
international businesses targeting China.

It is intended that this platform will become the
“Facebook” of the business world in China. GoConnect has already been developing an
online portal, www.bguanxi.com to establish this business.
The portal will be a B2B market place to promote networking between businesses, allowing
them to expand contacts and build relationships within a business environment. This will also
allow business people to provide and access personal information, business and product
information.


Hope, a substantial IT company based in Beijing China, with over 1,500 employees, is a
company soon to be listed on the Shanghai Stock Exchange and is a subsidiary of the
Academy of Sciences (“ACS”). The ACS is the pre-eminent state owned IT, scientific, and
engineering research institution of China, while Hope has a 20-year history and is
experienced in public service, government relationships, and IT research and design.


Working with over 200,000 of its national distributors, suppliers, and customers, Hope will
provide the initial Chinese business user database, which is integral for non-Chinese
businesses to ease their entry into the Chinese market.

 

[juw177]

I've been very patient with this one but it is frustrating that the little bit of demand to tip the balance has only appeared now (last time was at $1).

Now let's see how this plays out.

 

[rub92me]

I've been very patient with this one but it is frustrating that the little bit of demand to tip the balance has only appeared now (last time was at $1).
Now let's see how this plays out.

So far, so good. Buy side is building without being immediately sold down. Volume still low though, but at least there seems to be somewhat of a market now.

 

[rub92me]

Interesting article here with some background on gambling in China:
http://www.radio86.co.uk/explore-learn/business-china/4991/all-bets-are-on-lottery-games-and-gambling-in-china

From the article:

While China is undecided on whether to legalize more forms of gambling on its territory, it is also facing a virtual enemy, which takes the form of counterfeit lottery websites that threaten to undermine its entire lottery system. In order to vanquish this foe, the sale of lotteries on the internet was banned in China at the beginning of 2008. According experts, the move stemmed from online security problems, which made it difficult for buyers to distinguish between legal and illegal lottery websites because some counterfeit sites mimic in appearance state-run lottery sites, CRI writes.

Despite its evils, the online gambling market presents a major opportunity for the government to fatten its money chests. As yet, no clear information on the future of organized gambling in China has been imparted by the government. However, Researchandmarkets.com says that there have been subtle signs of China leaning towards the possibility of liberalizing the market somewhat to permit additional lotteries, as well as horse racing and casinos.

But in order to allow more forms of organized gambling, China needs to improve the regulation of its gambling industry. This year, China will issue the very first regulations designed to combat lottery fraud, which will be closely based on the experience of other countries. According to lottery experts, the fact that China did things in reverse order by installing a lottery system before putting laws in place to regulate it now presents a major challenge to the country.

If and when this huge country of 1.3 billion people does make the move to liberalize gambling, international gaming companies will be sure to be there - ready to jump in the game!!

 

[motorway]

due to be introduced by SSLA in April
2008. SKIM is in the process of fitting out the first outlet in preparation for the launch. Our strong
positioning in what will be the first legalised sports betting outlet in Shanghai and based on the size of the
illegal sports betting spend, provides us with confidence that future revenues from sports betting have the
potential to exceed revenues from all other gaming products for the Company.


A further development for the Company was that because of the Company’s operating track record and
number of outlets within our network, we qualified for both a licence to franchise our operations throughout
China and a national gaming licence. This provides us with flexibility as the Company considers its
strategic options for expansion in the future.

It is interesting to look back at the chart and mark certain zones
has Tricom , Opes "whoelse" etc ( direct and/or indirect effects ) etc...........

But what is more interesting is the mirror image recoveries since

April is ( from the half year report ) potentially a very significant month.

GCN ( demerger !? ) & SSI charts

motorway

 

[grace]

Well, looks like we have our sports betting now with Olympic style games as well. Now for a roll out of sports betting across all stores to get that turnover up.

Sino Strategic International Ltd (“SSI”) is pleased to announce that its new store at Hong Kou in Shanghai was opened on 30 April 2008. This store has been fitted out to a high standard to be the flagship store for SSI’s wholly owned subsidiary Shanghai Kelo, for the sale of the complete range of Sports Lottery games.

The opening of the store incorporated the launch of a series of new Beijing Olympic themed games and has received favourable local media publicity. Hong Kou has also been equipped to distribute sports betting games.

 

[motorway]

Is there potentially an increasing "Population of Interest"
regarding this theme ?

Gambling + China + favourable ? developments in GCN

esp if revenue grows from the base now established.

Also - Both stocks were sold down and out - the last "drop" involving opes prime , so the line of least resistance in that "population of interest" is one of increase---surely ?

Is there a steady stream of favourable events ?

Seems yes.

Could there be a Decrease in the "elasticity of Supply" ?

Such as the price rises existing holders will want to sell less quantity
with new demand tending to make supply rotate away.

Will the Supply Curve shift UP as well.. ?

Such that people start to hold and hoard such a "good thing""
So that at any price there will be less shares on offer .

( so even if price falls ... supply will not be shaken out )


Could there be an increase in the "elasticity of demand"

Such that if price does fall , it is seen as a buying opportunity , more and more shares are demanded than previously observed when prices fell. A Clear behavioral change ---> Sign of real imperative value.

Will the demand Curve shift UP too ?

Such that more is demanded at every price-------> A Gold Rush ( hopefully because there is real gold )


SSI to be seen as having significant long term potential and growth.
First mover advantage... lack of competition etc
& GROWING REVENUE..

------->

Charts will reveal.... Because DEMAND and SUPPLY draws them..
And all that matters is DEMAND and SUPPLY...

GCN has broken out and leads atm ....The last annoucement "interesting"" & a good response.

Still demerger in play at this stage too


SSI ...... moved up formed a hinge ( marked on chart )
resting there....

Area of adjustment . Waiting on that " new demand "

Some volume yesterday
that took out some more patient supply imo


I Want to see
The offers at .80 to .90 remain "Patient" ---->Behavioral Change,
and Demand ( rotating and shifting ) (have to ) respond

to the "good news"

esp Sports Betting


At this stage Supply has (imo) rotated away
It has become patient....

For how long ?

I want to see demand overcome this supply from this
Hinge--------A sign of strength

Following on from the '' Oversold Condition "


I hold both stocks

motorway

 

[rub92me]

It looks like there is quite a big buyer on the scene that is willing to notch up his bid every time the gap between buy and sell is closing to a reasonable level. Sellers are still very reluctant to part with their shares by the look of things. I'm in no hurry to sell myself, but glad it is moving in the right direction and I'm in the plus.

 

[motorway]

Is there potentially an increasing "Population of Interest"
regarding this theme ?

It is looking promising...

Chart-----.05 x 1 ( an arithmetic Scaled chart )

The three blue arrows earlier defined as potential accumulation..

So why are prices lower ? The dynamics of delayed ending... making use of
"conditions" .


The red arrow I do not define as distribution.

The last area marked with the blue line
is an extremely neat and tight formation
with an obvious rejection of the lows

Three zones of accumulation ...With two above the current price
Should mean a lack of supply

Should mean we see the dynamics at play now continue..

A delayed ending is often seen after a significant decline
( Think of sentiment after a significant decline---in conjunction with passive buying + something like opes prime "conditions" )


Demand and Supply dynamics are evolving as outlined in the previous post.

note how the chart tends to flow along 45 degree angles
A characteristic of P&F
and related to price objectives....

Horizontal zones both exhaust and generate.

Change of ownership and sentiment
means real support and resistance moves diagonally

congestion zones now represent "old" resistance..

( where is the creek ?---Where the volume comes in )


Should never means, must

motorway

 

[JTLP]

Motorway...i've gotta tell you...i love your posts. Very funny

But can you help a young soldier like me...are you saying that SSI has somewhat bottomed out...and is moving in an uptrend? That accumulation took place at the high 50's, low 60's?

Thanks

 

[motorway]

Motorway...i've gotta tell you...i love your posts. Very funny

But can you help a young soldier like me...are you saying that SSI has somewhat bottomed out...and is moving in an uptrend? That accumulation took place at the high 50's, low 60's?

Thanks

Hi JTLP .... It is my view accumulation of a passive kind

The kind that sits pat at the bid and if filled moves that bid lower

has occurred from just below $2.00

It is my view that the mkt fall and things like opes prime
made that an easy way to get stock at lower and lower prices

hence the "delayed ending" to the accumulation phase

under $1.00 and from the bottom
the behaviour changed

the easy low hanging fruit was no longer available

The current action is still in my view accumulation
We have not had a breakout YET

It is the sort of accumulation that is relentless
it chases at the offer BUT
it scales in with the express purpose of not moving the price up too far each day

STEALTH

If my view is correct there should be a vacuum in the overhead supply
and any real breakout will be the real deal

( a proper JUMP )

and the congestion zones will not act as real resistance

that was likely crossed at the red trend line..

My view only

for amusement purposes only

DYOR

cheers JTLP

 

[motorway]

This note focuses on a pointwise estimation of the Hurst exponent H, and on its reliability as a method to detect breaking signals inside a given financial time-series. The idea is that, although classical H can give information about the average scaling behavior of data, its estimation over proper subsamples of the original time-series can reveal variability which is perfectly compliant with sudden changes in direction that are typical of financial markets.

The behavior of the pointwise estimation of H is then analyzed on different proxies of market price levels (namely: log-returns, squared log-returns, and the absolute value of log-returns), focusing on the relationships existing with bursts in the markets and those observable in such indicators as well.

In this context we find that breaks in the upward/downward tendency of financial time-series are generally anticipated by analogous movements in the estimated H values given on the squared log-returns.

Or in other words

From the general formations on the figure charts we are able to detect accumulation or distribution, and we see, clearly marked, the lines of support and supply.

We can also identify the marking up and marking down periods to excellent advantage by means of these charts.

The most valuable feature of Figure Charts, however, is their horizontal formations, which, (in many cases have the ability to ) forecast .......It is in these horizontal formations, or congestion areas, on the figure chart that we find the greatest aid

Remember what is congestion
how is it related to empty and full ?

not only is the figure chart like the coastline of England
But it is also like the flow of a river

It is the change from dullness to activity (regardless of the
absolute, i. e., the actual volume), or the reverse, which is
important; and the manner in which the change occurs. These changes
put us on guard to watch for further indications which will either
confirm or deny the direction of the trend in which
the change occurs.

It is not important to really read the first quote
But for those who wish to go further in their understanding by reading past the "first line"

They may like to compare it and it"s meaning to the other quotes that date back as much as 100 years.

It seems to us, based on our experience, that Tape Reading is the defined science of determining from the tape the immediate trend of prices. It is a method of forecasting, from what appears on the tape now in the moment, what is likely to appear in the immediate future.

forecasting has a special meaning
different to prediction


OK also posting the three box chart
NOTE not one downside count is now active
or not been negated

what does that mean ?

Well it is not a prediction
But a MEASURE as is the "count" on the 1 Box reversal

We also wish to impress on you the importance of using your 3 reversal figure chart to compare with your 1 reversal

What does it measure

the same thing "BOX COUNTING" ( google it in relation to the H exponent )
is used for now...the change in pointwise H exponent which


[In this context we find that breaks in the upward/downward tendency of financial time-series are generally anticipated by analogous movements in the estimated H values

To understand the simple and how profound it can be
I find takes work... not mere ideas but application

I anticapte a strong breakout from the current
postion


Fundamentals are what is thought
Sentiment is what is felt
Technicals are what is happening

Various feed-backs at work
We can see this at work in the market as a whole
these three factors weaving reality

PERCEPTIONS

DYOR
Discussion



motorway

Play what is in front of you
But know what the structure is.

PS the blue question mark relates to the question
of "character".. a move past that point change the definitions
suddenly it all becomes accumulation .... until it changes again

 

[motorway]

Interior ballistics
Exterior ballistics

( were common analogies used in trying to convey what a "count" was about )


Update of the 3 box reversal chart


A new vertical count --

( Exterior ballistics )

( The software is "objectively" placing them----Then you could call a P&F chart an Objective Wave Chart----"Objective" is a given )


As mentioned in the XAO thread

A P&F word is ostensible...........


Ostensible <----or----> Profound

IS always the question of every movement ...

ie... Is a particular movement significant ( or not )

in crossing ,eg, a Diagonal line ?

The question is the crossing ostensible ( only an appearance )
or is it profound !

Like Caesar crossing the Rubicon

like the proverbial "straw"

A "Critical Point"

That builds bit by bit
But then happens all at once ( non linear )

Well , It certainly appears so (imo)
P&F practitioners will take note of the
current "test"............

An old P&F saying is that
Price both repels and attracts volume..
ie one should not mistake volume with liquidity...


DYOR......always
Only for Discussion ( always )

Stocks will do what they will do regardless

I hold


motorway

 

[motorway]

The methods of determining
price objectives come from the science of ballistics and have been
used in Point and Figure analysis for many decades.

The distance
a bullet will travel can be calculated if the following factors are
known””the size of the powder keg that will propel the projectile,
the length of the barrel, the resistance the projectile will experience
traveling through the barrel, the air temperature, and the attitude
of the rifle.

The best definition describing this science was
written in an Encyclopedia Britannica article in the 1920s.

The
following passage is from the book The Point and Figure Method:
Advanced Theory and Practice (New York: Morgan, Rogers, &
Robertson, Inc., 1934):

Point and Figure Fundamentals

Exterior ballistics is that part of the science of ballistics in
which the motion of the projectile is considered after it
has received its initial impulse.

The above quote is from Thomas Dorsey

He in turn is quoting from
Victor de Villiers ( in particular the second book written in conjunction with Owen Taylor )...

Victor de villiers was a close associate of Richard Wyckoff

until they appeared to disagree on market technique and went their separate ways......... Ballistics was only one analogy used but one esp with vertical counts ( but not only )


some background for those interested....

Three degrees of meaning

Count
objective
Target

Prediction does not come into it....

an Objective measure ( that word "objective again )

As the P&F literature says
to be fulfilled or negated
and hence ---------> inform ( important point )
What do you think happens at turning points ?
What happens when stocks keep making and fulfilling their counts ?
etc

Remember the P&F chart is the chart that DOES NOT MOVE ( unless )...


motorway

 

[grace]

Yes Motorway, I noticed the turnaround in this one. I might get my money back yet hey? Dog of 07, ??? of 08.

 

[motorway]

Yes Motorway, I noticed the turnaround in this one. I might get my money back yet hey? Dog of 07, ??? of 08.

You are gracing the thread Grace

I would say looking very good
$1.30 might be the real "tipping point"

( That could signal a real break out of the congestion zone on the chart
and crystallize the sentiment )

DYOR

motorway

 

[motorway]

I would say looking very good
$1.30 might be the real "tipping point"

( That could signal a real break out of the congestion zone on the chart
and crystallize the sentiment )

Those antelopes I mentioned in the CXY thread
can sure be cautious and "Hesitant"

Is there good pasture here ??

Preliminary Report might tell us a few things
Volume was better today... I think it was a small parcel 55 shares ?
That made the close $1.10

The is the .05 x 3 chart
There is very good width on the .05 X 1 chart

We can see maybe what I mean about $1.30

With the increase of volume
this area of congestion
is growing in importance ..

Do not mistake a method of a charting
with a system of trading...

Something I find commonplace
esp with P&F

That is why I have turned off the red Os
even on this
3 box reversal chart.


motorway

 

[JTLP]

Hi Motorway,

Looking at your chart I think I am seeing consolidation around this level. Do you think people are accumulating stock atm? Or do you think that phase happened around the base of the graph (60 - 80 cent range).

Do you also think that this level it is hovering at now will act as support/resistance in the future?

Your chart seems to suggest that there are not many resistances on the way back up...1.60, 1.80 and the 2.30 mark...correct?

Thanks and I really appreciate the learning curve!

 

[nomore4s]

Hi Motorway,

Looking at your chart I think I am seeing consolidation around this level. Do you think people are accumulating stock atm? Or do you think that phase happened around the base of the graph (60 - 80 cent range).

Do you also think that this level it is hovering at now will act as support/resistance in the future?

Your chart seems to suggest that there are not many resistances on the way back up...1.60, 1.80 and the 2.30 mark...correct?

Thanks and I really appreciate the learning curve!

JTLP, I don't think those prices M/W has listed on the chart are resistance levels (although there could be resistance at those levels) they are more like a kind of price target taken from the count given by his chart.

The stock seems to be stepping nicely atm.
There does seem to be good buying at this level atm, I think someone is accumulating the stock still, it looks like they have exhausted the supply at the lower levels and are having to move up to get more stock, just my opinion based on my view of the charts.

This area should provide some sort of support in the future but with such a thinly traded stock prices are quite likely to gap through S/R lines. You should think of S/R as more of a flexible line (dynamic).

I hold

 

[motorway]

Hi JTLP

Always good to look at the 1 box reversal chart

These Boxes are the same size as on the 3 box reversal chart

.05 is if you like a "window" that we are viewing the fluctuations
through

SIGNAL VS NOISE

movements of .05 are unlikely in aggregate to be mere noise

( you can see the clear trends the chart reveals )

So you should always take notice of congestion and width

( The chart does not have to move sideways, in fact it does not have to move )

focus also on the trace of the purple line...

I have left the thick horizontal blue line
You can see the "resiliency" from below it
with the last move down only touching it..

between June and July ( the 6 & 8 )

A congestion zone formed
Price moved higher
and there is now the current congestion zone..

What must price be doing to form a congestion zone ?
It is turning back on itself

the trend is a trading range
the trend is "anti persistent"

If you have watched the daily action unfold
You could tell me who is in control

You ask my opinion , it is the buyers still accumulating

Are there any momentum players
Very few,,,,

look at how clear the pattern is up form the lows
The price is "working" higher..

You could get a very "explosive" move form a break out here
( "Interior Ballistics" Lot's of powder to propel the projectile Before it leaves the barrel )

Note that price has moved above an area of the highest volume "across" the chart , Note today had good volume ( increase )and look at the trade that made the close $1.10 instead of a $1.20

3:56:27 pm $1.10 ( number) 55 (value) $61

So your questions and my opinion

1) yes still only accumulation ( to distribute you make a $61 sale at the close? )

2) Yes if it moves up this areas should be strong support

3) ~1.80/.85 is an area that could be important ( only because others are looking ) It is also the area I saw as preliminary Support(demand) .

Move through that area with a "SIGN of STRENGTH" and
That whole pattern becomes activated .

The "change of behavior" you can see on the 3 reversal chart is very obvious

Do you know that SSI just got a good write up in GERMANY ?

( it is listed there ),,,,

They no doubt take a guide from the close here ?

Criterion ( The Australian ) gave it a plug too...

But in the market climate
and this "under performer"

small cap etc... Do the "antelopes" rush back in after many were sold or sold out ? (opes prime etc )

Breakouts are like avalanches
if they happen they happen all at once
But not really from nothing ( congestion )


I hope you follow all that
I tried to touch on a few aspects
the "" relate to P&F terms and method or related terms and method.

.05 are big enough steps to take the noise away
.05 is a fast mover , If it moves

Above all notice the width there is across now .
and also the way the purple line is tracing.
Also the behaviour of the Diagonal lines.


DYOR
motorway