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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 0.940-6.0%Dec 29 3:58 PM EST
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To: GrumpyGus who wrote (404)12/15/2015 10:06:44 AM
From: RuddyMongooseRead Replies (3) of 12350
 
Message #404 from GrumpyGus at 12/14/2015 8:46:54 PM

Ruddy, no matter how you spin it, it is not dumping when the stock is going up. You may be taking profits, you may be exiting a position because it has hit your target, you might be selling to get your initial profit out and let the rest ride free. But dumping implies getting out at any cost, as happened to a large degree after the ZEN PEA announcement. As I mentioned earlier, do you think the millions of ZEN shares sold during the run up were dumped? Of course not. But you know when they were dumped? When the Streetsweeper article came out. Boom, selling at any price.

Grumpy, since you seem to have a problem with the word "dumping" let's just call is strategic selling. Whatever you call, I believe there be selling going on by a few traders to reduce their position because they are traders and not long term investors. Dumping in this case is quietly and secretly selling into a rally that you helped create. I agree they are taking profits and they are doing it at the expense of the sheep and soon to be bagholders who are buying into this faux price rally.

Grumpy, what is the reason for CCB's price rise in the past two days? What do you think justifies a 10%+ increase in CCB's market CAP in less than 48 hours? Was there some material news that I missed?
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