Many, many, many, and I mean MANYof us (Jean D, Mogul, Fred, Mars, Puff, Barb, Swiss, West and many others) bought and held CLIC after it's debut in October. As far as a double goes, we all felt CLIC would provide the easiest double yet, before the end of the QP. We waited, waited and waited some more. It never lived up to it's potential. Not yet anyway. Problem is....CLIC's last earnings report wasn't stellar, so many bailed (not stating any of the above) including myself.
Until they post blockbuster earnings, or sign a major player to a contract, CLIC will have a hard time seeing it's 52 wk high again IMO. Their in the right industry, but they need to perform. I believe the CLIC longs of yesterday would not hesitate to jump back in once they accomplish either of the above. Until then, I'm on the sidelines. It's on the radar screen though. Good luck. Happy Trading.
KM |
