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Saturday, June 19, 2010 10:56:37 AM
Currently at 88% SELL.
If the general opinion is negative, the chances are better that the stock will go up verses down.
Extreme bullishness, on the other hand, is bad for a stock.
http://barchart.com/snapopinion/stocks/CCTC
When CCTC was selling at 0.185c, the opinion on the stock was very bullish, with a 100% BUY rating. That was, as it turns out , the exact time to have gotten out.
Now that the opinion is the reverse, and the rating on the stock is at 85% SELL, it is the time to be BUYING.
This is a general view, and does not pinpoint the exact time to BUY or SELL. It is only one of several indicators one should look at and consider in making their decision.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p56297851617
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