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To: NLWest who wrote (14452)1/13/2017 11:15:24 PM
From: RuddyMongoose  Respond to of 22811
 
Message #14452 from NLWest at 1/13/2017 9:13:15 PM

That 30M overhang is a big nuisance when the holders start getting restless. Shame for you they are traders not investors but that's to be expected from members of a trading site. I wonder when the next flush will happen?

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NLW, I agree that it is very likely that Chief and his TCC buddies are still deep into CCB and still holding a large part of those 30 million shares that they desperately want to sell. They obviously want a higher price but the one thing they desperately need is large daily trading volumes and they need new retail investors with new money to participate in a rally. Without the big trade volumes and new retail investors, the TCC boys can't unload all their shares without crushing the share price. The last larger rally in March 2016 just didn't have high enough volume to dump 30 million shares and the three subsequent mini rallies in June, July, September and December weren't enough either. If anything , the rallies got weaker after March not stronger. Things are looking tense for the 30 million trader boys. They need a big rally now to save themselves from a bagholderism fate.

I'm guessing that another price run is very likely coming soon. The CCB chart is looking a tad weak at this point but there are a few signs of life in the TA that point to a coming rally. I also considered several "soft" factors that have predicted all the previous price and volume runs for this company. Those same factors have been present for the past several weeks now so the odds of a price rally look even stronger to me.

I'm guessing any price increase will be unsustainable but that's just my opinion so do your own DD before you invest.