cargo, How many have signed up for the 9:30 run?
We'll be watching. If there are 10+ on the starting line,
it might work until noon. If so, we may short another 10%
around 2pm, just to re-level the race-track. And, that
may trip up the 10k runners. Probably half will sell back
their 10k's anyway, when our shorts drop in.
If they jump back out fast enough, they will only lose less
than $100 , assuming that they reverse their day-trade
before copi drops $0.01 , which we expect for late Tuesday,
or before noon Wednesday, at the latest. Followed closely
by another 0.01 drop [to about 0.038] by Friday.
It will get stuck at 0.036 for a while, as we cover,
and then trend more slowly into the high .02s.
Then, flatline, until the 10-K is Filed in very late March,
or early April. A nice long break, to get our taxes done.
Our guess is that the Financials are not too good. Otherwise,
copi would be dropping hints, which is not illegal. Things
like 'still on target for possible profit by Q4', or some
other ~neutral statement that would not cause the SEC to look
around too much.
After all, copi's last quarter ended 7 weeks ago, and there
is no inventory to count, and everything else is computerized.
copi should have known their probable bottom line loss by the
end of last month. If it were better than expected, they
would be hinting by now. But, so far, no hints. Which is not
good news for longs. We are not too concerned, because we
should be covered by next week.
But, if the First Audited copi 10-K is not good, we expect
another pump&dump by late March, with the dump starting a
few days before the 10-K is public. Since too many insiders
get early hints. If there is another pump&dump, we'll be back.
Our early guess is 0.02 - 0.06 - 0.05 [short] - 0.03 [cover],
all within 2-3 weeks after the next pump peaks at ~0.06 ,
in late March, right before the 10-K is released. If it is
released late, the dump will be faster + deeper. Probably .01
We are saving this post, in case no others remember.
GLTA in 10 hours, when the Tuesday 10k Copi Race begins.
It will certainly be interesting. And profitable for 1 team.
Averaging-down is profitable, for shorters, only.
