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Re: The Night Stalker post# 2976

Friday, 01/01/2010 1:25:45 PM

Friday, January 01, 2010 1:25:45 PM

Post# of 18730
While the market may drop soon (may have started last 20 minutes at the close yesterday???) and suck COIN down with it, I have taken notice that Coin is up about 20% from its recent 52 week low (but is still selling for 1/2 of the recent price used to raise huge amounts of equity cash), and the CEO has posted several SEC reports the past week showing steady buying by him of COIN common stock for his personal IRA since the recent low, and the last buys he made were at about .69/share, which is above yesterdays close! So if the market drops, and Coin follows, it might be time to get dry powder ready for this puppy, as it looks (chart wise) ready to move. Only question left in my mind is will the markets pull back and wait for early earnings in late January to set the direction for the markets next 3 months once the earnings direction looks clear?

The COINU units, while having very low liquiity, bounced up nicely yesterday too. Disclosure, I am still long on the COINU I bought at about $1.13, and I nearly bought COIN at .56, but hesitated too long.