CYSV and CATP
Any profit on a cat these days is fine; downward chopping markets are great for filling up the house, but they're hell on signals: to wit, my current APCC "investment."
CATP is a real hell-cat: now that it's dropped below $5 and is marginable (and shortable) only by professionals, wise-guys, and Canadians, it's a hell-cat with tits, or dugs, if you will. I think that cats breaking through the $5 barrier are probably best left alone till they percolate down into the $3s, even the $2s, at which point I'd wait for a strong signal, buy, then start fantasizing around the clock about double or triple-digit returns. But for now, I'd hazard the guess that any CATP volume less than 1m is suspect, particularly after yesterday's failure.
Ivan |
