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Keep pushing it...
Interesting price moves here. Shorts are taking advantage of the light trading and year-end sell offs to push the price down. The accumulation continues suggesting a sharp rebound at some point in the near future. IMHO.
I had a lot of shares here too - at a lower price point. Seems to be caught in a Tesla updraft. Amazing.
I have that feeling as well. It looked like somebody tried to paint the tape a little at the end of the week, but there is just too much good news to ignore and the SS is not horrible.
Honestly don't know what to think at this point.
I do appreciate your take on the chart as well. I'm constantly learning new things and have found charts to be one of the few things that don't really lie. They can occasionally be off due to significant events or a misread - but they often tell the tale of the tape. IMHO.
Well I always appreciate CEO investment in a company. It really is telling when they are as committed as this one seems to be.
The AH seems pretty interesting as of late. Not sure why though.
Not being a super proficient chartist, what makes this one line up as parabolic? What gives it that edge?
Yes the ride is real here, but where it stops - nobody knows.
Just when I think I'm out... it pulls me back in for a million shares.
Thanks for the recap.
and awesome SS.
Okay, but that does not begin to explain the billions of shares traded unless you've missed something.
OTT is the wave, here is the article referenced earlier:
December 3, 2020
Using the TipRanks database, we’ve pulled up details on three compelling stocks that fit this profile of low share price and huge upside potential, 100% or more, according to Wall Street analysts.
Cinedigm Corporation (CIDM)
We’ll start with Cinedigm, the LA-based entertainment company specializing in content marketing and distribution along with digital cinema. Cinedigm is an independent studio for film, TV, and digital production. The company distributes digital media across a variety of content networks.
Back in June, CIDM shares showed a sharp spike when the company announced its partnership with Vewd, the world’s largest OTT software provider for Smart TVs, a growing segment of the digital viewing world. Customers are shifting away from cable TV and more and more toward streaming. A working relationship with a Smart TV software company would give Cinedigm access to Vewd’s installed customer base – more than 300 million Smart TV sets.
Revenues in 2020 have been fairly stable. For Q1, Q2, and Q3, the top line came in at $7.74 million, $6.02 million, and $7.18 million. The Q3 number holds the middle spot in that range. Earnings, however, missed expectations. At a 23-cent per share loss, the EPS came in 17-cents below expectations. On a positive note, CIDM reported a year-over-year sales increase in its core business of ad-based video on demand of 27%.
Covering the stock for Benchmark, 5-star analyst Daniel Kurnos points out a few reasons why he thinks Cinedigm "is becoming a much more intriguing investment proposition, particularly at these levels: 1) Organic growth is still building, with the legacy channel lineup strategy on pace to achieve the 30 channel milestone 12 months ahead of schedule; 2) A new highly accretive, streaming roll-up strategy is emerging that Cinedigm is in the best position to execute with minimal competition; 3) No credence or value is being given any more to Cinedigm’s digital projector inventory or Starrise stake, both of which should ultimately benefit in a post-COVID world."
In line with his bullish stance, Kurnos rates CIDM a Buy, and his $3.50 price target implies room for a stunning 573% upside potential in the next 12 months. (To watch Kurnos’s track record, click here)
Currently, CIDM has 2 reviews on record, making the stock a Moderate Buy. The shares are selling for 53 cents, and the $2.75 average price target suggests an impressive 418% upside on the one-year time horizon. (See CIDM stock analysis on TipRanks)
OBA - you might be right, but then again, somebody seems to be seeing something. We both need to do a little more digging methinks.
Yep.
This could be the big one!
That is real money.
Hopefully we get some buzz like an electric razor instead of the smooth and silent shaves of the past here. All this needs is a PR - because the EV market is insane right now.
Exactly... A little news would go a long way here!
I want to believe...
Not much - one hit at 8:02 am for just over half a mill.
How is there a premarket trade taking place here on an OTC stock?
Already showing premarket strength.
Don't really care about the politics here. The fact is that he is now focused on a strategy that does not involve taking care of business. His Twitter storm last night shows where his focus is. Both KODK and Fannie Mae stocks have uncertain political futures currently. In my opinion.
So if this is the next OTC mystery runner, this will be epic!
I want to believe in a political win for the company and believe KODK deserves it; however, Trump is going to be focused on making pardons and getting one himself. Other things are going to start fading in importance for him.
MMs do this all the time when the picture is fuzzy. I sold scared when I first started too. Missed out on $185,000 once. Learned my lesson.
Boy CT is really after this one. Makes me wonder why.
Holy volume Batman!
SB, that was gratuitous in nature; however, not wholly unappreciated. Lol.
By the way - look at the volume!
The new partnership is another great feature to be looking at too. I was actually surprised it dipped so low and I managed to get in during the .70s. The debt restructuring is great.
Trying to hold it down. This one is straining the rope!
In my opinion, but these dips happening Monday and the early part of the week. You won't get better prices as the news gets more and more amazing. Needless to say - this looks ripe for a merger or takeover and the shorts are accommodating. All IMO only.
Dec 1st to Dec 4th trades 6 billion shares on no public company news while the entire OTC churns. Seems like a good bet.
Well one thing is there was 6 Billion shares traded in the last four days. People might be curious about that.
Is this the next runner? Seems like all the pennies are moving right now.
I mean, we just traded 200 million shares in thirty freaking minutes!!!!