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08.19.09 TimelessWealth.net issues technical trading idea with Sinoenergy Corporation, stock
symbol SNEN ($1.32); update on Wireless Age Communications, Inc., stock symbol WLSA.
Dear Subscriber,
TimelessWealth.net has issued a trading
idea with The Sinoenergy Corporation, stock symbol: SNEN ($1.32).
Earlier, a
report issued at $1.19 on
Global Ship Lease, Inc., stock symbol: GSL, resulted in the market
rallying more than 41% in five trading sessions; to date up more
than 75% ($2.09). Our trading idea with The Quigley
Corp., stock symbol: QGLY, offered gains in excess of 108% the
trading session following our report.
The Sinoenergy Corporation seeks potential reversal in trend
following Wednesday's trading session, where a reversal signal
candle formed as a result. We believe SNEN shares a relationship
with earlier trading ideas GSL, QGLY, respectfully, in the sense
that the market will look to rebound from oversold levels. The
following entails our
annotated chart on The Sinoenergy
Corporation, stock symbol: SNEN.
The Sinoenergy Corporation is a
developer and operator of retail compressed natural gas (CNG)
stations as well as a manufacturer of CNG transport vehicle,
natural gas conversion kits for automobiles, and gas station
equipment in China. The Company manufactures a wide variety of
pressurized containers for use in different industries, including
the design and manufacture of custom pressurized containers used
in the petroleum and chemical industries. Sinoenergy's retail CNG
stations are mainly located in Wuhan, the capital city of Hubei
Province. The company's major pressurized container and CNG
equipment manufacturing facilities are located in Qingdao,
Shandong province, the People's Republic of China.
The Sinoenergy Corporation embodies a
book value of $3.65/share based on their
most recent quarterly filing.
Assuming Wednesday's trading session's close ($1.32), the book
value represents a potential return on investment (ROI) of 176%.
The company's quarterly statement, as well as
shortsqueeze.com,
report issued and outstanding shares amount to 15,942,336; free
trading, 7,580,000.
The Sinoenergy Corporation's market capitalization, as of
08.19.09, is $21,043,884.
Competitors, including
Gushan Environmental Energy Limited (GU) with market
capitalization of $170,170,000, deem Sinoenergy Corporation
undervalued. The industry capitalization average is $149,050,000,
meaning The Sinoenergy Corporation would need to trade at $9.35
just to meet the average.
Wireless Age Communications, Inc., stock
symbol: WLSA, and our undervalued investment idea, progressed
towards the announcement of a new corporate identity, a
name change to Sunbay Energy America.
The name change will be reflective of the company's efforts in the
renewable energy sector as they acquire stake in Sunbay Energy
Corp. and progress towards plasma gasification facilities
throughout North America. Due to the current majority stake
ownership Newlook Industries holds in Wireless Age Communications,
Inc. a time frame of 60 days has been granted towards the approval
of this name change, as well as
the cancellation of restricted common stock Newlook Industries is currently in control of (as
previously announced). The TSX must approve of the transaction
given Newlook's controlling stake in the company at this point in
time. Please remember the Connecticut projects are to be revealed
shortly as well, including details pertaining to strategic
alliances. All the best.
Sincerely,
Edward Stevenson.
Timeless Wealth Staff.
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