I won't argue with you about the nature of the potential upside... and can't, because I know absolutely nothing about this stock other than what a stock chart shows me...
But, what a stock chart shows was enough for me to buy it for a chart trade, and, that I happened to be watching it exactly at the time when the price dropped like that ? No accounting for luck, is there...
FWIW, CMEY's chart is developing into a classic "pincher" chart... and it sure seems to be taking its time, winding up tight... which I think is all and only a good thing...
Probably some others who who've been watching it a lot longer than I have were caught unawares when someone dumped a pile of cheapies, so I'll stick with "I'd rather be lucky than good".
FWIW, my view of the trade suggested that the "dumpage" that took place appeared that it was a single tranche of shares being shorted. I don't think there are that many shorts out there trading who are that totally unable to read stock charts... and the timing seemed remarkably random...
You're saying there are some "big things afoot" here ?
So, there easily might have been some payment that was made in shares to some service provider... lawyers, accountants, various other lackies of different stripes ? That would generally be more than enough to explain shares being shorted... that will be covered later with shares issued in payment for services...
Can you give me a nut shell version of the DD on "big doings" in this stock that I now own ?
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