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Re: retiredtech post# 12744

Monday, 05/07/2012 5:08:21 PM

Monday, May 07, 2012 5:08:21 PM

Post# of 139626
Bottom Line $CMGO - VERY UNDERVALUED

Most longs here will be holding for much higher prices and/or AE spin-off.. the increase volume over the last few days have brought new investors. My outstanding questions would be; what kind of investor and what will they do on an uptick?

Short term investors most likely would be selling in the 0.0075 – 0.0085 range, if they got in at the bottoms to take profits and/or “free role” profits. Key – little to none of the position will be kept.

Long term investors will be holding current position and buying on the dip and/or provide support, this population may also take profits on upticks to lock in profit. Key - majority of position will be kept.

My opinion of how this has been trading looks as if much more long term investors are stepping in and the float is getting consumed by this type of investor(s).

As it’s promoted within IHub, it potentially brings short term investors which look for short term gains. With this stock being lightly traded, minimal volume can control/swing this stock one way or the other and bring the “same old story” view point.

Bottom line here is that the charts are turning positive and we are seeing the bid support increase, with little news and/or fillings. As we overextended we should have a few days with volume in the .0075- 0.0085 range. Once we get over 0.01 and holds it; we should have a few days with volume in the 0.0125 – 0.015 range.

We all want profits with decrease risk, the way we all view and play this stock is key.

Wish you the best of luck.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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