CAOL started off strong today (including 48,000 shares of buying at 53 cents) and now look at it. It sure looks like the MM's panicked some "longs", and they just threw in the towel.
It never ceases to amaze me how they can seemingly manufacture selling. If only people had Level 2 with a service like www.mytrack.com, they could see all this.
The MM's sometimes actually lower the stock price on big buying, and fool people into thinking that the big blocks were SELLS, and cause a bit of a selling panic. It's amazing. They aren't SUPPOSED to do that, but they can and sometimes do, and people can easily be fooled.
I mean if you see 70,000 shares or whatever traded and they reduce the price, you naturally ASSUME (if you don't have level 2) that those were all or mostly sells since the price goes down, but it "ain't necessarily so". This morning was all buying or MM crosses it appears.
IS CAOL really a bargain here?
Well, we can definitely use some news soon, but still seems to me that this stock represents a nice buying opportunity if you have done your DD. We will see, I guess.
I honestly think (and it is only my opinion) that the MM's are taking advantage of a company that has been a little "too quiet" with a bunch of investors and traders who are "too impatient" for their own good. Simple as that. The fundamentals and game plan of the company will be confrimed when we get news, which I, like everyone else, hopes will come soon.
Do your own DD. I have bought more shares, or at least put in an order at .343. Hopefully it filled.
PS-- I have a long position in this stock.
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