The Golden Lounge

[cagney]

Re; NYER. Being a bagholder on a manipulated stock is no fun- ONLY time to get in is at the bottom, or for the bounce, IMO.

I think hedgie saw he wasn't getting any play from daytraders like last time(the Yahoo In Play list would have helped) and decided to drop the big short on it right there at $3.10. Where he will want to cover it a big guess, but he took it all the way back down to $2 last time.

On the last go around I was trying to grab the rebound but missed it and came up 10 cents short on the target, and hedgie sucked me in as a bagholder for 8 weeks:

http://www.investorshub.com/boards/read_msg.asp?message_id=6013048

http://www.investorshub.com/boards/read_msg.asp?message_id=6019864

Then then no-fun part is where you have to feel around the bottom looking for the next pop, which started 10 days ago and ended just now, IMO:

http://www.investorshub.com/boards/read_msg.asp?message_id=6589102

I'll be watching for the chart pattern the next few days looking for the rebound shortcovering signal at NYER, just like what just bounced yesterday at BDCO and FUEL...

For the next 5 hours at least, I think RITT $3.13/$3.15 is the best bet on the NAZ. Then something has got to give at CTIB- they got that 500k float stretched so thin now just a little prick will pop it(they make balloons by the way)- there's probably less than 10k free trading shares out there by now, the majority of which I will try to go in and suck up tomorrow if nothing else big pops up on the radar:

Hedgie has popped CTIB at least once each calender month this year, except for June, and there are only 10 trading days left.

CTIB has now been at base camp with money on the table for 18 days without a pop and 39 days with only 1 pop(a record):
The longest hedgie has gone without a popping it this year is 22 days.
The previous record longest spell it has gone without 2 pops is 35 days.

With nobody selling and everybody waiting for the pop here, the risk/reward ratio at CTIB is phenominally small. Just a free 30% ride for anyone who buys a ticket.