InvestorsHub Logo
Followers 4
Posts 665
Boards Moderated 0
Alias Born 11/17/2009

Re: value1008 post# 3913

Monday, 09/13/2010 5:34:16 PM

Monday, September 13, 2010 5:34:16 PM

Post# of 34471
Acquisition prices are typically a multiple of net income, so repressing the share price should not have a material effect on the final price, so I would say that is not a very likely scenario.

I think what it all boils down to is CCME is still relatively unknown (especially by institutions), has a small float and is a China reverse-merger which makes them a perfect target right now for short attacks. IMO, the shorts are driving the price down, covering, rinsing and repeating as they accumulate large positions. If that is the case then there is apparently no end to their greed, because the mid $8's wasn't enough for them. They seem compelled to take it down to the $6 range, which I believe can only be accomplished with a massive smear campaign.

Also IMO - how long this is allowed to go on is solely up to CCME management. Will they sit back and let this attack unfold or will they swat the shorts away? Time will tell.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.