CMTX.OB update, big mover on small volume
On October 30, 2009, with the stock at $0.12, I posted a small work up on CMTX.OB, the Washington, DC area financial news & advisory firm (that post was a little short in it's effort to meet the groups post criteria, which I caught too late and apologized for) and today's move, no matter my prior brevity, merited an update.
As a trader, and seeing it clip $0.25 today, I'm taking a small piece off the table, about 20% of the position, as I expect the stock to settle in a bit. Alternatively, since trade volume is so thin in the name, any continuation could lead to nice gap jumps. Regardless, I trade with a business plan I stick to and you all trade however you trade.
Fundamental picture still nice here, and the balance sheet is tidy, but management and investor relations are horrible at follow up (and I'm based 10 miles from them). SmartTrend product appears to be tracking on or ahead of expectation, however, I still love to learn more about the Legarde or Legrande Capital Management business initiative.
GLTA
Disclosure - Long @ $0.135, sold 20% of position today. |
