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JET METAL CORP Message Board

  • ye_bi_se ye_bi_se Jun 26, 2012 12:15 AM Flag

    RIP CXZ lower lows and no bottom

    Turn out the lights and call it a day. Just no bottom in sight!

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    • I've been buying deep value stocks since 1987. Let me teach you something. RSI = 18.63, This is at absolute extreme of oversold. CXZ is 16% under 10 DMA, almost all stocks after a two week freefall turn between 10-17% under 10 DMA. This is hugging bottom of bollinger bands all the way and coiled like a spring. The short interest may look small but that was as of end of last month. It's now loaded with novice retail shortsellers. With the low volume this trades at it can turn on a dime. If you were following today's trades you noticed that several times there were equal amounts on all exchanges to walk down. That is a sign of accumulation. You need to be very careful here.

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