Replies to post #8957 on China MediaExpress Holdings, Inc. (fka CCME)

[Sulphur Mt.]

as far as i'm concerned (no, i'm holding for more), the natural resistance was reached at 17.50, as it will at 20 and 22.50, etc. traders just trading the odds. doesn't mean it won't break thru 17.50 by end of day

[SaltyDawg]

Pretty much of the same mind-set here.
Todays' action kinda confirms its Momo and day traders nipping this off. Up 1.10 to .50 with no real shorters and high volume.
Definate manipulation / rinse and repeat.

Frustrating to boot.

[chensiona]

I can't speak for the traders but I can say I think its only a few more days until we are added to the RegSHO list because those 100 share sells hitting the bids are naked shares imo. They came on especially strong once we pulled below $17, probably trying to scare the traders to sell. (Seems to have slowed down now)

I think today is just the start of our new uptrend and I think this might be the week we make the the IBD 100, if only I had $1 for everytime I said that, lol.

[Headley Lamar]

There's a lot more percentage gain (and much easier gains) to come from letting CCME run 100-150% from here rather than keep mugging it for 3% to 5% gains

That's not necessarily true. There is a fortune to be made in manipulation if you have a lot of firepower and have a stock that is still susceptible to manipulation. Over time CCME is going to continue to build up institutional ownership as it becomes more well known and it will continue to set new, higher floors. Eventually it will stabilize and the manipulators will have to give back a lot of their gains, or even go negative, depending on how much skin they have in the game when things turn against them. The moment that the stock tips out of their favor and they lose control could be any time, perhaps even in coming days. They can’t cheat the laws of supply and demand, that much I do know.

[pedro45]

It is pretty frustrating to see these short covering bursts fade away followed by the exit of the momo crowd. A reasonable valuation remains elusive.

[pedro45]

Unbelievable to think the stock has traded more shares in 4 hrs today than it did in the last three days last week.

Not many are investing in CME, they're just trading it.