CDDD now set for a nice rise; cargo bays loaded fully....
Yesterday about this time, after-hours, I saw a bunch of CDDD being offered for sale. In rapid sequence I bought twelve blocks of shares (5000 each) ranging from $.61, $.63, $.64, and $.65. All bought from someone on Island. Why did they sell so many???
Today I was apprehensive that many more might be put up for sale, though my TA told me that such was very unlikely --- that today was a solid bottom, and sellers would be reluctant to part with CDDD.
I bought more this morning at $.62. I've been loading up all my cargo bays since Thursday, 10-25-01, with my average buying price being $.63.
Notice that right now, after-hours, Friday, ask is up to $.68, and there are only 2,700 shares there. Yesterday there were many blocks of 5,000 for sale.
Things appear to have changed, decidedly changed.
Next two weeks should be quite good for CDDD. I'm anticipating at least a 35% gain on my purchases, and with very little trouble exiting the large position. That would make my anticipated selling price $.85.
There is a chance, however, that CDDD will race up to $1.00, and then burst past, to, say, $1.15 or so. In fact, it's a fairly reasonable bet.
Sooooo...., pushing the sell button at $.85 is going to be a bit tough.
Have a good weekend!!
And, Stay tuned!! |
