C/NET (CNET)

[Lone Wolf]

That's true...these plays are like roller coasters...they leave you with that ill feeling in the gut but they're exciting as hell!!

[no shorts]

That’s me... in at 7.44 then shook out at 7 before the second jump above 8. Ate my losses and moved on. Better than holding till low 6 at least

[Lone Wolf]

Damn...now even power hour yet. I know the folks who got shook are now mad!! lolzz

[cbsstanley]

I'm Thinking 6.30 to pick more up.

[no shorts]

Snagged some. Let’s keep this moving up!

[Lone Wolf]

Weeeeehhhh!!#

$CNET

[getoffyourass]

picking up steam here

[no shorts]

Really moving now

[cbsstanley]

Out at 7.05 Buying back on drop.

[Yo-Yo]

Oh boy!!! Got a gusher

[cbsstanley]

Ouch to the Shorts..... Going higher.....

[TechnicalTitan]

Oscillators or neutral exactly at the 61.8 percent Fibonacci retracement level or we need is volume we should break up

[stocktrademan]

CNET buy 5.945



















normal chart




log chart

[cbsstanley]

Shorts are going to get killed again.......LOL

[bcapps66]

Apparently I was just wrong HAHA

[bcapps66]

I think this pulls back even further today... maybe 3-4. This won't see $20... this is most certain.

[getoffyourass]

If I had said Wednesday that a move from $2 to $12 is gonna happen... that seems a little unrealistic.

But it happened.

[getoffyourass]

I expect $20+ this week. I've certainly been wrong before. The way it moved from $2 to $12.....
A move to $20 doesn't seem that unrealistic imo.

[getoffyourass]

Low float. Still holding huge gains from Wednesday's close.

[getoffyourass]

Maybe it was hedge fund investors keeping it in the $3-$5 range so they could load up. Then we saw the spike on massive volume to $11.90.
Then the ones that want to make money on a ticker having gained 1200% stepped in, cause it definitely needed to cook off for a higher move north this week?
Just my thoughts.

[getoffyourass]

Indeed. Finviz price target is $27+

[getoffyourass]

Well spoken sir

[Sukhoi]

That's why this isnt going lower , consolidation was on Friday, tomorrow should go back up imo

[bcapps66]

The blockchain news was obviously the catalyst but the run THAT high was because of short covering.

[Sukhoi]

Of course It ran becouse of short covering nothing to do with the Blockchain news... lol

[bcapps66]

No... I'm saying the reason it ran up was due to short covering. Now that it ran up 800% followed by Friday's pulled back of 30%, I think the shorts are drooling and will continue to short it.

[Sukhoi]

Completely agree , got some in the afterhours

[JP$]

IMO I don't think it sees $2. At the minimum I think $5. I believe this drop was well needed and quite easy to predict after such a large gain. Now I think it consolidates and grows. Many more large spikes and gains to come on this one.

[shotgun]

I will buy more when she hits $2 which should be sometime next week of thereafter

[CaptStockWolf]

I think you right too I never bought yet but looking for an entry regarding that situation

[Iamrich]

Many thanks for your reply. Will keep my fingers crossed as I bought shares at $9.61 and am still holding.

[JP$]

No one knows 100% what a stock is going to do or which way it will go that day. There are many technical indicators used to predict the movement and which way she will move but those also aren't 100%. My guess is YE$ this one bounces back either Monday or Tuesday and grows. The way it shot up after the news was the liftoff, it needed a natural cool down on the RSI metercreating more room for upwards growth.

[Iamrich]

What you're saying is that it will rebounce on Monday/Tuesday?

[BLULLISH]

On the same topic of trading every play the same strategy. Take for example MM's VNDM or BMAK... The belief of many traders is the VNDM or BMAK is always negative and so when they see it on the ASK they give up their shares too soon. Lol

This because they don't know when the worry about VNDM or BMAK..

Here is how it works..

Their is INACTIVE and ACTIVE VNDM or BMAK

INACTIVE *VNDM* OR *BMAK* IS ONE THAT JUST SITS ON THE ASK AND ANYTIME IT GETS SMACKED OR TAPPED SOME IT RUNS AND MOVES UP HIGHER ON THE ASK. SOME SHORTS OR MM'S MARKET MANIPULATORS US *VNDM* OR *BMAK* TO SCARE FOLKS INTO GIVING UP THEIR SHARES BY JUST IDLING ON ASK... WHEN THIS IS THE CASE... DON'T PANIC HOLD SHARES TIGHT...

ACTIVE *VNDM* OR *BMAK*- CHANGE PRICE LEVELS MANY MANY TIMES DURING A TRADING SESSION AND THESE MM'S ARE CHASING THE BID AND .

MY POINT IS THIS CONVENTIONAL WISDOM ISN'S ALWAYS THE RIGHT MEDICATION/APPROACH TO EVERY SITUATION..

ANYHOW... TO EACH HIS OWM... LATER BUD....

Love these money making plays....

[BLULLISH]

Well I road it from my Breakout Call all the way up $11.00-made several 10's 0f thousands holding till it hit $11.00

I all about taking profit, but one should not be to quick in taking profit with every play. If one does not want to do this forever sitting in front of a PC everyday watching L2 till ones eyes turns devilish red, waist destruction and turn 90 years, then one needs be able to differentiate between which play to take quick profit and the ones to hold longer that will retire you early.... Imagine loading this baby 95 cents, $1.00, $1.20 ETC and riding it to $11.00

Can't use the same approach with every play. I could have sold at $4 range with 300%+ gains but I for saw this breaking $10.00 so I held on...

WELL CONGRATS TO ALL WHO LOADED MY BREAKOUT CALL AT BOTTOM..

I SPECIALIZE IN 1000% TO 5000% OR HIGHER BREAKOUT CALLS

[BLULLISH]

Lol-hahahaha...Interesting

[Ivegotanace2]

If it trades the same Monday as today then it will be below $4. We'll see Monday morning which direction it's headed I guess.

[Lone Wolf]

Nah...i don't kniw whst flashed this across my screen Tuesday, but thought 'there´s one I havent seen in a while'. I remember when it ran big years ago along with a couple other i ternet plays....no action since til now.

Went in at $5.50 yesterday...sold in the pre...at $9.80...then bought a POS. lol.

Gotta love the workd of trading!

[angelo2112]

Shorts will cover Monday morning be ready for a nice pop is my best guess (-;

[bcapps66]

You're saying Monday's going to be a good day again. Good day as in today's short action?

[bcapps66]

Tickets to short or tickets to ride?

[angelo2112]

Monday going to be a good day again here (-;
Such a killer trade!

[getoffyourass]

1200% run, 38% pullback. Textbook low vol short attack. Grab your tickets for Monday.

[cbsstanley]

Made 130k and going to buy back on Monday and do it again..........

[cjstocksup]

fast flip out on the cover. gl everyone.

[bcapps66]

It didn't....

[BLULLISH]

Yeah-I made thousands and thousands of dollars
$CNET

[cjstocksup]

CNET should be a good buy EOD for a short cover.

[MrLucky]

Bought another whopping 50 shares at $6.

[chartanalyzer]

BSO. You are paper trading.