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Re: None

Tuesday, 06/15/2010 2:19:40 PM

Tuesday, June 15, 2010 2:19:40 PM

Post# of 34471
I have a different theory, and one that may upset some people. This stock is range bound, and everyone knows it so nobody is touching it. What's worse is that retail investors who were looking for a 2-3 month pop are learning that this stock is completely stuck in the mud and dumping in mass to pursue other opportunities. That is why we can't get any momentum even when the market is up huge.

Nothing moves this stock because there is absolutely ZERO institutional interest in it at this time. Don't ask me why, I don't have any theories to explain the absence of interest.

If there was any substantial accumulation going on there would be price movement. That is not happening and you're lying to yourself if you try to tell yourself otherwise. Why would every other stock move when it is accumulated but not CCME? We don't trade in a different universe with different laws of supply and demand. There is no covert operation designed to undermine us.

What we have is no demand. What we have is a lame duck. Period.

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