CCME-- on the mystifyingly strange trading action....
With CCME, i've suspected for quite some time that some Big Entity or Entities (some institution or hedge fund) has wanted to lock up most of the small public float for themselves, b/c they know this co. is amazing and that CCME stock is headed for the moon. Envying Greenberg and his Starr Int'l, this entity or entities wants AS MANY OF THE SHARES AS POSSIBLE.
How will they get these shares? By making the stock behave in the most "intolerably" bizarre and outrageously illogical ways as possible, and thereby to drive "insane" as many longs as possible.
In other words, this is a quite deliberate, utterly determined SHAKE-OUT STRATEGY of massive proportions, rarely seen.
Eventually this entity or entities will decide that they have as many shares as they can get for the time being and we'll see another HUGE run up. The entity/entities may then try to play the same game and see if they can't get a significantly greater percentage of that float by creating more down-up-down-up-down volatility.
Once they've locked up as much as they can, this stock MAY finally behave in a more steady manner, though even then the entity/entities may still be interested in whipping this stock around further for short-term long/short trading gains.
Meanwhile, we retail longs need only HOLD ONTO OUR SHARES. Eventually we'll be flying much higher.
AI
