InvestorsHub Logo
Followers 212
Posts 7861
Boards Moderated 1
Alias Born 01/03/2005

Re: None

Wednesday, 06/15/2005 7:58:53 PM

Wednesday, June 15, 2005 7:58:53 PM

Post# of 33394
Charts. Some thoughts.

http://stockcharts.com/gallery/?CIRT

If you look at the 3 months graph, previous to this one we already had 3 distinct bottoms, in this order: at 0.028, 0.03, and 0.032 respectively. Today's new bottom @ 0.034 (if it is indeed as I believe a bottom), aligns well with that trend.

I don't think it would go any lower as its hard for me to believe that after all the latest great news anyone would be that stupid to sell at these prices. In fact, the decrease in volume, tells me that there are no more morons left, and the MM's formulas tell them it's time for a new cycle. MM's are clearly shorting the stock (the perfectly shaped peak and valleys trend is the best proof). MM's are ever adapting. After the naked short selling became illegal, (some Hedge funds are still practicing it using oversea exchanges from what I read), the MM's found this new formula. Accumulate near the bottoms, and sell near the tops, and not the other way around as they used to do when naked short selling was still legal. The more frequent the cycles, the better for them. They all know very well about the power of compounded interests (gains).

In fact, I care less. People that: (i) care to read the PR's and SEC releases, (ii) are able to understand basic 101 financing, and (iii) know about basic charting rules, right now are accumulating. The others, oh well...

Mike

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CIRX News