China Technology Global Corp (fka CTGLF)

[alan webber]

$911 - wow

There has been a whopping $911 traded today - some people post as though the stock is under pressure.

We had 500k and close to 1M share being traded so the trading this week really is nothing.

The general USA market has been hot and so easy to make money o just pick a nice looking chart and buy. It will not last too long but while making money is so easy they few at the moment are buying slower moving stocks.

The general rule it to buy in quiet time and sell to strength in wild times. Most do the opposite as now actually is the time to buy CTGLF as it is so quiet however there are just too many stocks going up now - in a day or week the general market will correct and they more will be interested in some longer term plays.

Look at how many stocks now are trading way above their top Bollinger band...they get so over extended that many will have big pullbacks.

look at AGT http://tinyurl.com/47nbu see how it ran and got too high..

URIX is doing the same right now http://tinyurl.com/3sg3n

The point is there were so many stocks that did a double in the last month that people keep moving and chasing the next one.

CTGLF made a double in October and pulled back then again a double in November then yet again in December. Very possible it will do so again this month. And it has been making higher lows.

Some people see almost no activity for a week and they just can;t seem to stand it. While actually it is fine as it is part of consolidation for the net run higher.

Right now with little activity the buyers are not upping their bids. IF you wanted to own 300k of the stock and the trading was less then 100k and maybe 25k then you may just sit at a low price in case some market orders came in. But if other buyers step in front of you and the price goes up then you chase the stock. Think of last month how people fall over themselves after it goes above 11 cent. Funny as those people are not around now but they will be back,

Some just do things in a panic - yesterday MAMA was at 2.30ish and started moving and it created a buying panic and at one point the stock was over $5 on no news - only rumor or maybe buyout - just silly but people love to chase. Anyway at the moment this lack of activity is because the general market is so hot and just so easy to make money. That will not lat long as you know.So today someone just felt they really needed $911 and sold at a low price -- rather meaningless isn't it?


tibbsc - that person who says they have shares does not - they just are bored and love to post.