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Thursday, April 22, 2010 10:09:29 AM
Stocks move with supply and demand.
They also move 6-9 months ahead...they are a forecasting mechanism.
Smart money moves ahead of news and sells on news, dumb money buys on news when it comes out.
The reason the stock moved from .034c to .42c in February was that the supply was not there at .034c, and then news came out and all of a sudden the demand was there, with no supply, which caused the spike up.
Ultimately, CCTC will have a BIG up day soon, but there is still plenty of supply of stock to go around. The news that has been coming out has been news with very little in the way of substance.
Smart money is buying now, slowly accumulating the shares that weak holders are getting tired of holding.
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