"There is no such thing as support and resistance with thinly traded penny stocks. They are all manipulated by insiders, market makers, con artists, etc "
Carl Carl Carl... "Again with the negative waves. Have a bit of wine, a piece of cheese, some rays from the sun, it's a beautiful day, stop with the negative waves already." I'll give you a hint... Donald Sutherland . Name the movie. I'm sure you know john!
Carl, are you this negative about everything in your life. Sounds like you have been burned many times by these "insiders, market makers, con artists" and your here to save the world from them. You know I was only kidding when I said you crawled out from a hole, but now I have to wonder whether there may be some symbolic truth to it.
If you look at CY's activity closely you will note that all of it's movements have come just prior (Insiders) to and immediately after NR . After a flurry of positive NR the stock hit a high of $4.35. Keep in mind that this is a growing company. Since the Financials were to be released shortly the stock started to retreat, in my mind until yesterday, the day of the release. Now, just prior to that a new CEO is named. What this tells me is that we may have to wait 3 to 6 weeks before the next NR. With no NR CY will slowly drop, because most investors become distant with the stock and feel that no positive things are happening, otherwise they would have had a NR. Factor in Markets condition and you will come up with the severity of the drop in stock price. BUT THIS IS ALL SHORT TERM. LONG TERM THE COMPANY WILL GROW. AND THE PRICE WILL APPRECIATE CONSIDERABLY.
Now, This is where you hole dwellers come in. You take advantage of the natural trading pattern of a good viable company and use this Thread and others I might add to try and scare the little guys out of their money. You see, when the stock is moving up you guys are noticeably silent. You want it to run up so that you have a higher plateau to short it from. I have nothing against shorting a stock for profit. What I do dislike is someone pretending to be your friend, whispering in your ear how he is all to familiar with this type of scam, while he sneaks he's hand into your pocket.
You want an apology Carl. Ask your parents and then crawl back into that hole. Or you can come on over from the Dark Side.
Have a nice day
Good eh john. |
