C at this level

Discussion in 'Stocks' started by cubsguy81, Apr 8, 2010.

  1. Yes, 5 is a very significant number. A close above 5.23 would be bullish. That was the closing price of 8/28/09. Usually, shorts can't use margin to sell below 5. So it's a battle here. However, huge positions by Soros and other billionaires that have massive positions (in the hundreds of millions of shares) will hold it up.

    I'm long in the upper 3's after the "big boys" put their shares in. They're in around 3.15, and this is a long term "home run" for those with patience.

    C has stated in its 10k that the board could do a reverse split, due to so many shares outstanding. Not sure if they'll do this, as it will give the shorts a field day, although it would entice more funds to jump in.

    We'll just have to wait and see. For now, the $5 mark is key...
     
    #21     Apr 16, 2010