I have been following CYMI for almost a year, and have traded it quickly for several trades before. I am a big JMAR investor, and thats my main reason for keeping tabs on CYMI....I have been waiting for a chance to jump in, for almost a month now.....On a trading basis, using hourly candlestick charts and stochastics I feel CYMI bottomed 1 hour ago, FOR TODAY. Now, this could become a daily bottom as well for a longer term move, or not. We will have to wait for tommorrow to tell that. But I think that we could bounce 3-4 points from here in 1-3 days........
On a fundamental note, I think CYMI is a great company that has been subjected to the whims of the momentum traders...at 98 (pre-split) it was way ahead of itself, and now that all the momentum players have mercilessly dumped the stock, it is way to cheap, IMHO, for the proprietary products they produce and their lead position in this field.....sooooooooo, I am trading it a bit here looking for that golden opportunity to load up, once the street realizes they have once again overdone it, this time on the downside....best of luck...;^) |
