Re: Hold on tight!
in response to
by
posted on
May 05, 2010 04:07AM
This conspiracy stuff typically seems to be associated with pennystock forums. Can anyone hand me some proof that CMM is being manipulated?
CMM went up almost in a straight line from 27 cents on the 4th of Feb to 83 cents on the 27th of April. That is a 207% increase in less than three months. Now we've had a 25% retracement to 69 cents which is an extremely modest correction after such a bull run.
And straight away, there is manipulation? Define manipulation! If someone decides to short the stock, is that manipulation? No. It's just a legitimate way to make money - whether you like it or not. Happens with all shares.
If you're worried about such a minor correction already, then you're obviously to close to your screen and should take some time off. Go to the park, have a picknick with the Mrs...
The story is oh so simple - CMM gained a lot, gets a healthy correction and underlying value will be the main factor for people to buy on dips again. Mind you, last time CMM had a correction was from 4th of Jan until the 4th of Feb and retracement at that time was 50%, after which the long bull run happened. Nothing to worry about, so wipe the sweat off your foreheads and relax.