Coastal Financial Corporation (CCB)

[Ed Monton]

The chart for Conspace is a classic. If one had bought on the breakout and volume at the beginning of December, one could have realized a 300% gain from 25 to 80 cents. By the time the news of Conspace's increased profits was made public at the end of April the stock had already started to decline though the news provided one last opportunity to sell over .80. I won't be buying this one unless I see a convincing breakout above the 50 day MA with volume on the chart.