Today (as on many prior days) it looks like the real "nemesis" that CCME's stock must deal with is not shortsellers but those impatient, manipulative short-term TRADERS, running the stock up-down-up-down by 30 to 50 cents at a burst.
For a long time, this has been my real concern about the CCME stock (not the company). Every time its chart begins to look really strong, the short-term traders come in and chop off its legs. I mean, who has sold over 510k shares (some $8.8M) in just a little over 90 minutes today?
The shorts are out of ammo (unless they're naked shorting this), so it's the hair-trigger quick-fingered and fearful traders doing most of the damage here, imo.
No wonder CCME isn't already at $30 or $40. A bunch of trader-boys keep stunting its natural upward rise.
This is, IMO, one of the key reasons why the shorts piled onto CCME. They knew there were too many traders here at I-Hub and perhaps within the insitutions, manipulating the hell out of this stock, never allowing CCME to make a real solid upward run and re-set to a higher shareprice. Starr Int'l and CFO Jacky with their purchases helped the stock come out of the sub-$10 dungeon and re-set up to the mid-teens, but the shorts evidently don't feel the need to cover because they know the micro-term traders will bring the price back down for them.
Comments welcome... especially from any traders here messin' with our CCME.
I can see where you might not want to be long-term "buy and hold" investors, given your heavily conditioned trader temperament. But can't you at least be even a minimalist "medium-term" trader and let this stock run up for a few weeks?
There's a lot more percentage gain (and much easier gains) to come from letting CCME run 100-150% from here rather than keep mugging it for 3% to 5% gains.
