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Re: BigOnChina post# 3389

Thursday, 11/04/2010 12:23:23 PM

Thursday, November 04, 2010 12:23:23 PM

Post# of 9448
With regards to CCME there will for sure be profit taking come Monday, maybe even substantial since I believe a decent amount of people are expecting a dividend annoucement and if we don't get it, I'd expect some people to deleverage and that would scare off the momos.

With that said, I'm not too worried as a long term holder because regardless with what people do on Monday CCME will have another qtr under the belt to solidfy its reputation which will in turn bring in more institutions and maybe even the official IBD 100 ranking. And if they were to announce the dividend....well I'm sure you can guess.

Overall even with a pullback there is still a lot more upside than downside IMO.
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