Savvy Trades and Investments

[SSKILLZ1]

CCNI

I wouldn't be surprised if sometime between now and the end of the year if it goes higher then where I sold. But I think it is gonna consolidate for a week or two. it doesn't have to though it is not overbrought too badly. In fact with and rsi of 68 it wouldn't of even met the criteria for my study.

CCNI to me is getting near fully valued because earnings are going to be taxed next year, and even with growth I get .08-.09 fully taxed, even given a over the counter a 10 pe I get .85 FV. Could it trade at a pe of more then 10 that is certainly possible. I think it could trade up to $1.00 with not being really overvalued. Could it get there in 2014 anything is possible. My selling at .84 was not technical in nature it was me selling because the stock hit what I perceived as fair value.

Although I wouldn't be shocked for this to spend a couple of day in the upper .70's as long as it closes above .75 the positive trend is not broken on the technical front in my opinion. The chart is still promosing as long as it closes above .75 which was heavy resistance and now is support. .84-.85 is proven to be the new ceiling for now. So that is my technical read, but I sold for fundamental reasons based on hitting full valuation. All is just my opinion, and I could always be wrong though.