CCME - Talking about Psychology and perception: Even a super long like me perceived CCME as risky at $8 and became very comfortable when it was $18. Strange psychology.
BTW - This is officially the crazest stock I ever watched and participated. It is crazed in all regards: the insane amount of comments and articles generated all over the boards, the insane amount of the comments and articles I read regarding a single stock, the insane amount of short positions, and insane amount of time I spent watching the tapes.
It is like a long season of CCME Superbowl play off, just one team and two sides (LONG and Short).
(PS: Chicago bears lost to Packers, and did not get the chance to go for THE Superbowl.)
"CCME - Psychology and perception play a huge role for sure. At $8, the stock was "too good to be true". At $30, many will think it's cheap for a stock of this quality. At $50, people don't want to miss the train and they all scramble to hop in. "