Why would shorts feel the need to cover? Yes it was up substantially three months ago. It was .04 on a rise from a penny just days ago. Then dropped from .04 to sub penny like a stone in less than one hour. Millions of shares sold that day AFTER it went sub.
Charts look like *&$% and retail buyers with two or more brain cells aren't lining up to buy after that last dump.
IMO until there is a reason for this to go up (ie whispers of REAL NEWS) it's just a head fake. Even then, it'll be flipped to death by jittery players waiting for the shoe to drop again.
IMHO Whoever was involved in the fake run and dump put a lid in CNGJ for quite awhile. (Severe case of dumb_ _ _) Only NEWS will bring it back.
Be glad to be proven wrong ;) but I won't hold my breath.
C'mon insiders buy up these cheap shares!!! C'mon shorts cover by the millions!!!
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