Global Crossing Airlines Inc. (JETMF)

[warrenbuffetjr]

Hey CXZ - Wouldn't want to be short here tomorrow!

CXZ has a long history of bumping off stop-loss players, as well as unleashing painful tricks on those who take shorted positons in $CXZ ~ today was no exception!

This stock is forming its historically powerful consolidation needle which will easily punch through its $1.02 resistance tomorrow. The last time CXZ formed this same needle pattern was on 12/22/2010 and 12/23/2010. On that occasion, the consolidation needle had backed off to $1.87 and held, on 12/27/2010 it splintered resistance to rally over a short two day period to its 52 week high of $2.81. -- For a rather healthy 50.2% gain.

The recent incident in Japan, which we now know was caused by technicians who failed to upgrade the 50 year old nuclear plant to handle excessive storm conditions, was followed by a similar needle pattern back on 3/17/2011 and 3/18/2011 where CXZ pulled back and then shot from $1.06 to $1.51 in two days trading (same formation, same time period but only a modest 42.45% gain). However, the fear of a lower uranium spot price led many institutional investors to close their positions, thwarting a short-term recovery rally on CXZ shares, at least for the time being.

GOOD NEWS:
So, here we are today CXZ... and at close of market today we were left with the EXACT same mad bullish pattern that has once before taken CXZ to its 52 week high!

What's going to happen tomorrow with the share price of CXZ? Well, to answer that is simple:

The CXZ stock price is set for a massive BULL reversal like we have not seen here since 12/29/2010. The analyst reports coming in are claiming an $80 per pound Uranium spot price set to hit this year! When CXZ last tested its 52 week high, analysts had a target of only $73/lb on Uranium. That $7 difference in the uranium spot price projections equates to $700,000,000 in increased valuation for the reserves owned or controlled by CXZ. In turn, that, along with China, India, France (To power Germany), America and Russia all expanding their nuclear programs in the short-term equates to a substantially higher valuation for our TICKER: CXZ

Needless to say, if you are short on CXZ... Today was your last chance to cover with a profit! If I were short here, I would "buy to close" with a market order at open tomorrow AM, regardless of share price. The CXZ stock is set to break the bank on short positions.

Unfortunately, for naked shorts, and there are a bunch, the markets have closed... don't get caught standing there naked under these BULL conditions... Cover up folks!

Take those reins CXZ and GIDDY UP!

WBJ