Friday, October 19, 2007 8:11:03 PM
** CMTN annotated chart
- 3 million shares have traded below 0.10 (most at 0.05).
- it is likely that these are newly diluted shares, bringing the float closer to 4 million or so.
- much of this volume came in large blocks, that were scooped up at 0.05, without the price going lower.
- the only hope for this stock is that this is some sort of insider load-up.
- if dilution stops, and CMTN gets out of this channel, it has a chance for a decent rebound.
- 3 million shares have traded below 0.10 (most at 0.05).
- it is likely that these are newly diluted shares, bringing the float closer to 4 million or so.
- much of this volume came in large blocks, that were scooped up at 0.05, without the price going lower.
- the only hope for this stock is that this is some sort of insider load-up.
- if dilution stops, and CMTN gets out of this channel, it has a chance for a decent rebound.
Penny_TA's Technical Plays:
http://www.investorshub.com/boards/board.asp?board_id=7244
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Reverse Mergers:
http://www.investorshub.com/boards/board.asp?board_id=7308
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