The Golden Lounge

[cagney]

Now reloading 500k floater CTIB $1.83/$1.85 for 4-day play thru Monday, or pop whichever comes first. Hedge fund timing play to target $2.50 for avg. size pop on convergence of 2 data sets.

Data set #1: Days between pops.
As established before, CTIB pops on 100k volume days. Its 12 for 12 this year, starting Jan. 3.
The days inbetween 100k days this year: 3, 13, 22, 2, 15, 2, 6, 21, 19(it was the biggest), 7, 9,
now today is day 23. CTIB has not gone more than 22 days this year without a 100k/pop, so 1 day overdue already.

Data set #2: Tandem with CTTY.
Now adding to the drama is this mysterious tandem with 400k floater CTTY observed over the past 2 months.
On June 21, the first tandem move, CTTY popped first at 10am, then CTIB followed around noon.
Since then, CTTY has been the leading indicator on 2 follow-on pops, and CTTY just popped over the past week.
CTIB pop delayed most likely to wait until after earnings, which were yesterday.
Earnings out of the way- if hedgie was going to take CTIB down the short route he would have done so this AM already.

Chart:
http://finance.yahoo.com/q/bc?t=3m&s=CTTY&l=on&z=m&q=l&c=ctib

Data:

CTTY
18-Aug-05 12.08 17.90 11.80 17.23 3,818,000 17.23
17-Aug-05 8.70 12.29 8.53 11.90 1,020,600 11.90

20-Jul-05 17.27 20.39 17.10 17.80 1,914,600 17.80
19-Jul-05 15.51 18.50 15.51 17.71 1,330,900 17.71

6-Jul-05 12.35 17.40 12.22 15.69 6,003,500 15.69

21-Jun-05 4.00 22.58 4.00 16.50 8,689,200 16.50


CTIB
??? 18-Aug-05 +++ ???

20-Jul-05 2.03 2.59 2.03 2.50 649,700 2.50

6-Jul-05 1.91 2.45 1.81 2.02 328,200 2.02

21-Jun-05 1.80 4.74 1.67 3.00 2,217,100 3.00