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Tuesday, February 01, 2005 12:13:23 PM
I don't know where Round got the $80 million figure, but if it's true, I believe that stock prices in the dime to quarter range are possible.
I also agree with you that placing stop losses as the stock moves up would probably be a prudent approach. I've seen emotion carry a penny stock to over $20, but emotion cannot sustain a stock price. If CTKH has earnings that justify a dime it's very possible that emotions could carry it to a dollar or more. If you take advantage of emotion and get out near the high, you may be able to take a huge profit and still have double, or more shares when the stock price settles back to where it belongs.
Gary
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