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ThomCa-ching

05/26/10 11:22 AM

#31865 RE: Starlost #31856

If everyone did, everyone would be happy. Everyone remembers the "blue skies" sentiment from that one online chartist. Although CBAI does good stuff it does have alot of shares, not seeing a profit, and still in debt is a major drawback to reality. Supposedly the debt was going to be paid off around the grand opening, and dilution was going to stop. As far as I can tell neither has happened. With the reduction in initial storage price, it tells me they don't have alot of customers yet. This concerns fundamental investors.

I think today is just a play, look at the rest of the market, everything went up today and slowly is creeping downward again. Despite CBAI having a negative beta it still is trending the market dynamics. This is an artificial movement because of the oversell condition the last few days and weeks.

Is it up from here? Who knows. But either way I think its a trader's play. Remember that analysts are still predicting the markets globally to fall another 30%. But CBAI doesn't follow the markets so good.
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holter

05/26/10 11:29 AM

#31869 RE: Starlost #31856

Pitman33, Momentum is the key to knowing when to sell.