SHORT "CBMX" Monday in premarket. Last Dec. stock popped 600% on bs news. I shorted it
in the mid 7's and mid 12's after the stock topped out at $14.14. Stock tanked back under 3 quickly thereafter.
The company is heading towards BANKRUPTCY. The CEO just bailed and his timing was perfect, as I'm pretty sure he knew he would never see his lofty salary again. Company runs out of cash end of next QTR.
This last pop was on ZERO news and purely manipulation. I started shorting the 5's and doubled up in the 7's yesterday between premarket and after open.
READ the last QTR report, or you can view my posting on CBMX board as to why this company is an awesome short play. I only wish they had taken it up into the teens again so I could of doubled up there.
FINALLY----Company had yet another REVERSE SPLIT just last Dec. 5th. Take those out and you are actually looking at a company with a stock price of .05 cents. The last split was to stay listed.