I have been in and out of this issue several times. The light volume is a common thing here and hard to buy when the volume is light. I have noticed the volume has been increasing as of late to triple volume or better. It was shorted once to a low around low 5s on very small volume numbers. This current news along with the completed business to be pr before the end of the year could mean accumalation. Everyone who knows this issue knows when it moves it moves big time 2-3$ in one two days. I got some this morning again after many attempts. I don't think I would short here. I could be wrong, JMO
>>This current news along with the completed business to be pr before the end of the year could mean accumalation<<
Wrong. CKCM's 50 MA is $6.21, and the company released this news to keep the stock above this level. As you can see it is not working as major distribution is taking place. If CKCM closes above $6.21 today I will buy.
Sounds like a plan. When the stock trades like this as it has many times, it is difficult to buy any substancial blocks at low prices, unless they sold it am short. I would say "according" to the trading patern (movement on volume)that the stock will trade above 6.25 before the cls. I also see a run in the short term as well. I see over 7.00+ by weeks end. I am not ditching nor pumping the stock, just following the trading paterns. If it does not see over 7$ by weeks end It "should" see the Jan effect and go over 8$ or better to the old 52 wk high.I could be wrong. JMO