Cardinal Resources Inc fka CDNL

[dabullishbear]

Here's my 2 cents. Last weeks price action was a little unjustified. It moved too quickly and too suddenly and started attracting a whole new group of buyers. These buyers were chasing and hoping to get rich quick and ride this thing to .02+. I think a bubble had been created and MM's were aware of it and used it to their advantage. They have been walking this thing down all week and forcing the get rich quick crowd to jump ship in droves and masses.

We started off last week at a price of .0115 and that was primarily longs steadily moving the price upwards. Since then longs have been buying more and adding to their positions. I believe at the current price of .0125-.0129 we are back to mainly having longs in control like it was pre .0115.

I think we start to see that steady climb we once had before all over again. And will last until the hype builds up and the get rich quick chasers come back into play.

Who's ready for the next leg up!?