Good close today.
CC was virtually alone on the ask at the end, with 6700 shares showing.
The closing bid was 5 1/32, which means the conversion price did not decline today. In fact, the closing bid today will not count in the six lowest days of the last ten.
CC sold at least 10,000 shares today, and didn't earn any additional shares. They need to get the closing bid to below 5.00 to earn additional shares. Today, just before the close, there was over 15,000 shares lined up on the bid at 5.00. And a lot of the bidders lined up at 5, have shown some significant strength in the last week.
I believe we have seen the low for this sell-off. I don't know how high we will go, before enough sellers show up to sell with CC. My guess, is we are headed to above 5 1/2 by the end of the week.
tmoney, don't bother responding to mgv. He's a real small timer who isn't very experienced. I have reviewed his knowledge on stocks we both liked, and found his research and experience to be quite limited.
If we respond to him a lot, then we just might be guilty of his slur... that we are being "anal attentive".
I'd prefer we let our money do the talking... I have now picked up over 100,000 shares in the last five weeks.
Paul |
