Thursday, February 15, 2007
Potential TOOOOOP?
Dear Readers, 12800 is an extremely important level for DOW and we have hit it today. SPX at 1455 is also pretty good level where advance can stop. BKX has come around levels 21.60 we projected since our safehaven.com article "biggest bank heist". And the Sell Pressure is now conducive to sell off to start within 1-4 days. At least a local top is at hand, but has a chance of being the TOP as well. GOod Trading.
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2 comments:
Boris,
The CBMX pop is a peculiar business so far, no news at all from or about the co., current speculations seem to be:
1. A wrong trade in the open set the whole thing off.
2. CBMX has been confused with it's parent co. ACTG by idiot traders and targeted by mistake on good news for ACTG.
3. Various buyout rumours, the wilder the better.
4. just the old pump & dump scam.
My intraday volume indicators do not show any major accumulation, rather the opposite.
Risk is, if this was just a mistake to start out with, that pump&dumpsters have seen their chance to latch on to it.
But as 1/3 (!) of the outstanding shares were traded yesterday, maybe something major is going on.
I'm obviously in this one for the long run chance that it will be a major winner, I've been expecting them to arrange either a serious change of management or else sell out sometime this year.
Note that CBMX is not optionable, so there is no chance of this being option related.
We shall see, said the blind man . . .
Regards,
Dear Cobbense, this stock seems to be very hard to play it seems to have hit all 4 upside targets and stopped a bit short of 5th at 2.10 missing by a little. Then it proceeded to go down to current 0.84 and has the lower lever supports at 0.50, 042, and 0.21. I do not know how to play it until I see one of these levels. Good Trading
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