Nsom...respect your insight, but I gotta respectfully disagree with your contention.
Cemjq vaulted past a buck this morning on the momentum of big money. The Big fish were ask slapping because all the selling at the bid had dried up.
Professionals do not ask slap if they can feed at the trough at the bid. They are also not as trigger happy as retailers...they have the luxury of time and inside information at their disposal.
Whilst retailers didn't vault Cemjq up, they can certainly temporarily (I stress temporarily!) displace the PPS when they decide to offload. MC had many followers and garnered much respect. As such, when he decided to offload, a minion of minnows followed suit.
The professionals who are monitoring this board saw today's event as an opportunity to scoop up shares at the bid. MC (or any of the other minnows) offloading will not effect Cemjq's endgame. If the powers that be (not us!) see value in Chemtura (they evidently saw value this morning when they vaulted it past a buck!), then Cemjq will continue the strident march towards a buck and beyond.
Folks there are no guarantees here...we all have to follow our own counsel at the end of the day. Madclown was a valuable contributor to the board and I'm grateful for his astute observations.
It's all about the endgame...if the PPS can't withstand a retail exit, then Cemjq's PPS was never going to bust into the stratpsospere to begin with.
The longs are here for stratospheric heights, not 10 steps up an old rickety ladder. Time will tell if Cemjq is an old rickety ladder or a stratospheric nose bleed.
Good luck to MC and all the remaining longs. Here's hoping for some nose bleeds up ahead:)
AI
