leole,
I have not held shares very long on this one since the price behavior continued to show signs of dilution or shorting,and I'm not a fan of fighting the trend.
It has a history of not being able to maintain any momentum on news,but that can sometimes change once these type of stocks get run into the ground.
What I mean by these type of stocks, are the ones that get shorted heavily to bring the price down and make some short a hansom profit.The pinks ususally get hammered in price from the company dumping shares into the float with endless dilution and or CDs out the wazoo.Those stocks are just a lost cause,and rarely stand much of a chance to recover.However,there is the rare bird where there is a game being played out.There is a chance that CJGH may be one,but all the signs are not in yet.I watched WNBD for a long time, and when the volume jumped during December 2007,I got real interested suspecting something was up.I made a little,but not the killing I should have made because it got off my radar.WNBD was not heavily diluting, but the stock could never get any momentum.That changed after the volume picked up followed by the first run and then the stock found support.
My point for the comparison is to simply say that there is evidence of price manipulation here.If we continue to see volume elevated down at this price,followed by a pop,then support,then we may have some fun.
Whoever is working the short will have a market maker help them cover and go long.You can't hide the volume it takes to do that,and there's the rub.
Just a baby bet me on this one right now,but I'm going to get real interested if I continue to see some good volume days.
ALL IMHO
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