WITNESS THE "BIRTH OF A 10 BAGGER"
Although C$MA looks like an overnight success, this play has been over 6 months in the making. It all started with a news release from May 9:
SALT LAKE CITY -- Coconino SMA Inc. (CSMA) believes the recent rapid price decline of its common stock ''is the result of aggressive and manipulative off-shore short-selling'' and not a reflection of its condition or outlook.
In a press release Friday, Coconino said it is ''moving ahead and doing well,'' and said its Ad-Hatters unit, which makes air fresheners, reported a ''significant'' profit increase in March and April, with a sales increase of more than 30% from a year earlier. The company also said its Enviro-Tec unit is ''profitable and operating normally.''
Coconino's Nasdaq-listed stock closed at 1 3/4, down 1/8, after reaching an intraday low of 1 5/8.
The company said it is considering several acquisition candidates, including a proposed reverse merger with a fully reporting company trading on Nasdaq. Coconino also intends to seek a Nasdaq Small Cap listing. The company currently trades on the Bulletin Board.
I make a remark about it on the IMMM thread: www3.techstocks.com
NOW ALL THIS was before the Mutual Fund acuisition, Air freshener sales increase, Uinta buyout by ERHC, Pickens connection, Coconino Oil & Gas startup, "reporting company" news and of course the "10 X the revenues" Disposal Well developments.
C$MA actually didn't become a PICK until it leveled off @ the .20 range last week and popped up 10% on October Crash day. Only THEN could I start makin' those TABLE-SLAMMIN' BUYS!
ALL THIS TIME, STOCK PRICE MOVEMENT AND DEVELOPMENTS have to come together in a unique mix to create THE BIRTH OF A 10-BAGGER!!!!
Situations like this come around once or twice a year! Now its time for everybody to make that FA$T, EA$Y money!!! And thats why I'm still BUYIN' @ .62, 'cause THIS IS FREE MONEY FOR THE TAKING.... ALL THE WAY TO $4! Any sells under $4 is LEAVING MONEY ON THE TABLE!!!
GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO C$MA!!!!
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