As i wrote on the main cgs board, i bet one or more big hedgies is flooding CCME's market today with phantom shares to protect their big, foul short position.
But one day they'll finally move on to fry other fish.
The handwriting's on the wall for CCME: THIS IS ONE AMAZINGLY SUCCESSFUL COMPANY--SHORT THIS ONE AT YOUR OWN RISK!
Institutional buyers will eventually overwhelm the shorting hedgies, they'll cover, CCME will zoom, get onto the IBD list, and zoom further.
Mark my words: by Spring 2011 this will have an EPS of over 3.00, a P/E of over 16, and a pps over $50.
And you can buy today for a little over eleven bucks.