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mfo

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mfo

Re: None

Monday, 11/14/2011 11:00:38 AM

Monday, November 14, 2011 11:00:38 AM

Post# of 4588
Crickets chirping today on the CAMS board

The movement down on news probably has to do with the short interest and MMs as far as manipulation:
http://www.otcmarkets.com/stock/CAMS/short-sales

At some point this will rebound, the drop on news defies logic, but I've seen the same thing happen to stocks with an existing revenue stream, that are expanding, with no dilution and frequently reporting good news.

We seem to be reaching support levels at the 4s with 10.5M(3s)/5.8M(5s) on the bid/ask today. We could be at or near the bottom and ready to tip back the other way since people will take the opportunity to average down.

With the low float and frequent news, CAMS seems like one to keep an eye on.

GLTA & CAMS
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