InvestorsHub Logo
icon url

Watts Watt

11/07/17 11:01 AM

#134343 RE: CIMA7 #134341

Again, today's volume is very pathetic and shows no confidence in buying at these levels.

After all, it is the confidence of buyers and the strength of their volume of purchases which offsets resistance.

I just think it is time to hold. the time to buy was at 23 to 26, not now.

Further I feel that the tail of the Friday massacre has to be tested again before we can confidently rebuild the base.

You can't rebuild a base at thirty cents which is a mid point, not a basing point.
icon url

Crispy_2014

11/07/17 1:30 PM

#134350 RE: CIMA7 #134341

Yes I think we have at least one good drop left and a rebound before the numbers. Maybe another after. We may be surprised, but it is pretty clear we will not be profitable in 2017. This is still a longer play. I am holding some funds back to buy on dips.