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Re: alan webber post# 2110

Sunday, 07/24/2005 9:28:08 PM

Sunday, July 24, 2005 9:28:08 PM

Post# of 7974
I am not posting to argue with Alan Webber but I do want to point out that there have been many, many days where the open price of a given day is below the open price of the previous day. Alan is technically right in saying that this is not a gap down, since the price generally will close above the previous days low and I apologize for calling this occurence as a gap down. However, this practice is good for a short. I believe shorting by MM'S is a distinct possiblility. EG, A short occurs near the end of the trading day say at .115 the opening price the next morning is .10, the short covers for a significant gain. This process over the last year could net huge gains with this stock. Take a look at how many times the stock has opened lower than the previous days close. Alan and others have much more at stake in CTGLF than I do, but with the pattern of this stock I just can't see how MM's are not shorting this stock. Just my two cents. Still holding long and my belief is the same as almost everyone elses here that this stock will explode sooner or later.

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