I also don't know somehow we are at the same boat.

I was thinking to withdraw the Q on that day but I missed one more step to click ok at confirmation message.

Thus, I grabbed at $0.190.

However, I'm optimism to company outlook and Taisan debt is really very low. The fundamental doesn't have any problem to investors.

Now only awating BBs to push and surpass $0.240. The rolling PE of Taisan is only 4.7 undervalued counter.

Hi knightrider,

I Buy because I think the situation is right for a rise.

I'm a trader, I've no intention to hold this counter long-term.

My target price is $0.215. The highest I would hold is until $0.245.

I don't know why you hold this counter since IPO, but as both a trader and investor, this is not a Good Idea.

As a Trader, I would sell immediately when a counter is listed, or Buy 6 months later where there is enough data to do a proper Technical Analysis.

As an Investor, I would wait for the company to be listed for 1 year, so that I've enough information to do a proper Fundamental Analysis.

I guess you are still in the red since you hold from day 1. You may want to average down and get out in the next High.

Good luck.

China Taisan Technology Group Holdings Ltd (the “Company”) announced that its wholly owned subsidiary, Jinjiang Lianjie Textile & Printing Dyeing Industrial Co., Ltd, has entered into contracts to acquire new machineries as a move to increase the production capacity at its existing plant. The CAPEX Plan mainly includes the acquisition of 1 unit of heat-setting machine, 6 units of dyeing machine, 8 sets of fabrics face finishing equipment and other miscellaneous items. The aggregate contractual values of the machineries are about RMB211.2 million. The heat-setting machine and dyeing machines would provide additional production capacity to its existing plant by an estimated 3,500 tonnes of finished products annually; whereas the fabric face finishing equipment adds value to the products by enhancing its texture and aesthetic variation. It expects the delivery of these machineries by end of 1st quarter 2011 and utilisation should commence in 2nd quarter 2011.

It also announced that it has since utilised only about S$87,000 in participation of trade fairs and putting advertisement on trade journals. It noted that its marketing efforts have instead been more effectively carried out by its sales representatives. As such, the Company is of the view that the general marketing activities which were originally envisioned at the time of the IPO are currently not major contributor towards driving its business forward.

The estimated acquisition costs for additional fabric face finishing and processing equipment  has been finalised at approximately S$28.0 million (or about RMB142.6 million), up from the S$14.0 million previously announced on 6 December 2010 due to an increase in the number of equipment eventually contracted. As such, it intends to allocate more funds to acquiring additional fabric face finishing and processing equipment.