Good post. I rarely hold anything these days due to all of the swirling uncertainty. However, the risk vs reward on this one is simply too great for ME to pass up. I'm holding long too.
In Reply to 'BioHedge' Don't know about predictability but certainly a healthy move. Nothing can go up every day. There is an increasing amount of noise on the board and many who claim to be timing the stock exactly. That is a tough road and one that leads to ulcers.
I know a guy who shorted 50M ounces of gold in the early eighties and it took two months for the position to finally work out. At one point he was down 150M and his boss was none-to-happy. It all worked out in the end as the price of gold collapsed and the position ended up making the firm 880M. He got a good Christmas Bonus but he didn't like what it had done to him and his family.
He told me that two month period took years off his life and ended up retiring within two years. This was a professional commodities trader with a PhD in economics and the backing of one of the largest companies in the world. That is why I tend to preach against trading unless you really know what you're doing.
CTIX is in a strong long position and I'll keep all trades on until something material changes my mind (which I don't expect to happen). I'm hoping for a big exit and good ending for all.
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