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Re: nsomniyak post# 29632

Monday, 04/18/2011 8:20:25 PM

Monday, April 18, 2011 8:20:25 PM

Post# of 34471
That's easy: $11.88 support & $22.00 resistance if the news is good. Remember this: large holders +5% and the 22% institutional will have almost 3 months to figure out a war plan. Almost 100% of the float should be shorted by then guaranteeing a monster bounce & squeeze. Longs may enlist the services of a professional trader e.g., Joenatural with an $1M account to ensure a squeeze and move trading resistance up from the $11.88 level. Longs are pretty well pissed the way they have been shoved around by the media perceived fraud, other unsubstantiated allegations and unflexable reactive auditors who cannot resolve "differences" when the kitchen gets hot.
CCME fundamentals do not change, it will be still generating +$100M in revenue a year.
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