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You're showing your blind hubris, my friend, and can't see that you and the other recent longs have completely taken the CMRC insider's bait. About a month ago CMRC announced a 3 for 1 stock split knowing people would pile in to buy the "split run". They just happened to to pick out the close of December 23 to be the price the split would be based on. Funny but with holidays this falls a mere one trading day before lockup expires on 12/27. Call me cynical, but I can't help but think they had a hint the run up would peak to facilitate their massive dumping of insider stock at or near peak prices. Typically before an IPO lockup date, the stock will decline quite a bit, starting perhaps a week or two before the lockup date, with Market Makers and knowledgeable investors selling or shorting knowing from experience of the anticipated decline. CMRC insiders knowing and fearing this fact, IMO in a stroke of brilliance spring the magic words "3 for 1 split" and not only preserve their fat payday but entice a mo-mo panic buying spree that in my 12 years of investing and trading I have never seem previously. Their plan has worked to perfection, perhaps beyond their widest dreams, and they all know they are only one trading from completing their con game and cashing in their huge monetary windfall. Oh, and you are too generous, I PRESENTLY do not own any shares short, but I anticipate that changing in the very near future. In the mean time you "sophisticated" longs keep buying and I will assure that you will buy a lot of dumped insider stock starting this tuesday. Cheers all. |
