Tim, Come on..CAML has been "breaking support levels" on the LOW side regularly for months. Is not the fact that they CLOSED at a BUCK yesterday just another instance? If breaking the low end of support levels was the criteria for selling, no one would own any stock in this company (other than Danny , his wife and Ms. Fitzgerald, who did not have to pay for it). Besides no one that uses any of the classical indicators for judging the quality of an investment would go anywhere near Camelot. When a thorough investigation is performed there is not so much as one positive indicator to be found relating to Camelot and it's suitability for investment.
Another problem with your logic, Support levels mean little to someone investing purely due to speculation. Look at yourself, everytime Camelot shows a firm downward trend, you buy!
Your logic further falls apart when you indicate that you think that someone actually in the position of making buy/sell decisions would make them on the basis of one posting on one obscure forum, without verifying the facts...come on Tim!
So please don't blow smoke about support levels and protecting the investing community as your primary reasons for correcting me!
Camelot can be considered no more than an extremely high risk, ultra-speculative stock. If one has money that they do not mind losing, go ahead and put it into CAML. If you operate on some irrational "gut feeling" that there is going to be a "break out" (NOT justifiable by any facts), fine buy CAML. Otherwise go find a decent investment, as revealed by a good analysis of the companies history, as well as financial and stock performance, that actually shows some positives!
You have never find any way to correct me when it comes to the important statements that I have made concerning the facts about CAMLs dismal track record (as well as the highly questionable history of it's officers) , numerous failures in the market, continuing large losses based on operations, declining revenues from sales, Danny's chicanery with financial data, or other really pertainent information. However, as soon as the opportunity to pick nits arrises, I hear about it quickly.
As you say...
Good trading |
