Will go to 60 soon and then 80 after basing for a week The 5 day chart shows no sign of a blowoff top at all. The buying is orderly and the fundamentals are great. If this company were a POS it would be down 30% today, but it isn't The smart money knows the potnetial here is massive and that the time to buy is now. Go ahead and try to short this losers. No one has the guts to stay short. As soon as this upticks all you guys will cover cause deep down you know I could be right, but don't want to admit it.
forget fundamentals, forget 5 day chart and forget orderly buying and even smart money....i wouldnt short for the reason that there might not be enough reward for the risk...these are not dropping back to last weeks levels so perhaps buy on a day like this is me best guess..or stay the fudge out at these levels.....peace
A stock TRIPLES (15-47) in 5 days and it is not extended? Oh lord it's 1999 all over again. Way to go Ben, you're going to ruin the momo crowd. Everyone is now jumping into these pos China stocks? Oh well I guess PT Barnum was right, there is one born every minute. Good luck fellas, you are most certainly going to need it.
I now am the proud owner of 100 short CHNR shares at 44. I'll add higher when it appears to stop moving. http://www.forbes.com/2007/10/05/ch...uity-cx_jc_1005markets2.html?partner=yahootix
well, i've now got a (small) short position. i'm thinking it gaps (up), traps, and craps but i do have stops in place if i'm wrong. these shares were hard enough to get; i have no guarantees i'd be able to add later.
needless to say, my stop didn't get hit. gap, trap, and starting to crap. let's hope. i can't find any more shares, but c'est la vie.