The Golden Lounge

[cagney]

Now loading up on CTIB $1.43. Under a million floating. I am almost the only buyer today so far.

Hedge fund play thing popping 8 times in first 4 months of the year, 7 times over $2. Chart was looking very bullish overall until CTIB was shaken out 4/22 on this delisting news:

http://biz.yahoo.com/prnews/050422/cgf045.html?.v=2

But alls well that ends well, on 5/19 and 5/20
CTIB announced everything was OK, and even better than before:

http://biz.yahoo.com/prnews/050519/cgth026.html?.v=11

http://biz.yahoo.com/prnews/050520/cgf022.html?.v=9

The hedge funds loaded back up again bidding it from $1-$1.75
before allowing it to settle down. They don't need any news to pop it, now that the delisting problem is out of the way, its all cleared for takeoff. Now its all about sitting here and waiting for the pop, and with the load up May 20, the pump has been primed.

Most of the pops this year have come early in the month (1-10th day)... on a Friday.

Last year there was a major pop to $1.50-$4 in May-June timeframe. May-June has been good for these type of plays the past few years.

Also, the history of this stock this year has been...
WHEN IT BASES.... IT RACES... now its been a week selling in here at $1.35-$1.50 range, lower than its been in a decade so no inside sellers are coming to the table.

Tomorrow is Friday, its the 10th, of the month... CTIB has based... no inside sellers... the only question is with only 1 pop in May and none so far in June, with an 2005 average of 2 a month, does the hedge fund do 1 big pop to make up for lost revenue? I am betting no, I think they will just grab another 25% and save the rest for later.

My sell zone target is $1.95.