John, yes I know exactly what that runup to $6.75 was....
I happened to have my eye glued to both the quote page and some chat rooms that day. If you remember the week or two before, CXI had been steadily ticking up from 3.5 to 4.5 etc. Suddenly around 5.5 or 6, cant quite remember, CXI was called as a "buy" in DTOL (Daytraders Online). A friend told me in a chat room that it had just been called and I could only think, "Oh my, I'd better get out of here ASAP", as when a stock is called as a buy in DTOL, the stock does a mad rush up and then crashes down. That is exactly what happened. I put in a market sell and got out right around 6 3/4. Then I waited for it to stabilize because the next thing that happens to a DTOL called stock is those that bought around 6.5 or higher are then disillusioned, angry, etc. and so they sell at a loss, not knowing anything about the stock really, just that they are "down" and ready to move on.
Of course anyone watching the stock is now nervous. Do they dare buy in? Will it crash again from wherever it is now? And thus the daytraders/scalpers are born, taking their .06 profit out daily and making it look like the stock can't get anywhere which either further disillusions anyone thinking about the stock or makes people who bought in at, say 5, finally give up.
To the best of my knowledge there is no negative information, nothing that we "should know but don't know", everything is progressing just as solidly as it ever was before with exactly the same fundamentals in place. At these prices I will average down and keep buying in.
I think we have a winner here and patience is what is required plus continued word of mouth effort in getting people interested. Does anyone know anything that I don't know?
Charger |
