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Re: trader53 post# 9117

Monday, 03/29/2010 4:21:36 AM

Monday, March 29, 2010 4:21:36 AM

Post# of 64338
This kind of technical analysis is quite entertaining my thoughts. I guess there no point in arguing about the figures but there's one element you left out of you reasoning: the fundamentals. If people find out "the truth" about a company and they like this truth, the scenario is very likely to be the one you describe. If there's some major clue about the company being not trustworthy, there may be no third wave whatsoever.

I think it's important you mention that if you talk about scenarios. I hope you agree.

I think CCTC is quite safe though. They are working hard and they're going to grow. These joint venture plans are proof of their efforts. So that's why I'm starting to like this stock. Your TA scenario and my own research about the company fit quite well together I think. I need a little more time to figure out a few figures about CCTC but chances are high that I acquire a few share this morning. That's the reason I got up this early. A little more research before the rally starts... ;)