Looks like another group of "investors" who are going to be left holding the bag on a momentum stock that has failed. When momentum investors depart, you need to find value investors to buy, and they are very patient on their entry. CYMI is damaged goods.
If Infrastructure is correct, and DUV has a limited lifespan, why would value investors jump on board?
I am a trader, pure and simple, with no position in this stock. My positions are listed on my thread. When infrastructure speaks, the houses listen, and what I posted came out today. That, together with morgan stanley, caused what happened today.
As I said before, I will be looking for a trade. I will go long a tick above todays high, and short under today's close. If it keeps falling, cabot will sell and that will cause more panic. |
