We had over 2M shares traded in less than 2 days. There is absolutely no logical reason behind this almost 50% retracement in 2 days. There is no news except for the expectation that a financial report will be released by end of this month.
So, based on this action I believe somebody knows something about the report and it's not good. I did sell some of my shares earlier this morning.
wanna know the reason why 90% of people loose there money in the markets? just read this message board!!! IDIOTS..no offense, but if u have been holding on to this stock without doing your Home work..u deserve to loose all your money
I think more people are realizing that real companies don't hang up on shareholders and have real offices where their website says they have offices. Until CHFI demonstrates their existence and the potential of being a good investment this will just be used as a trading tool for some. IMHO.
While I am not happy about the share drop, what is more interesting is the massive increase in volume. You still need buyers and there seems to be plenty of people willing to buy at the lower price. What does that mean? I can't believe MM's are just going to gobble up these shares to keep the stock liquid. Something is up alright, but I am not sure its going to be bad news.
there's a definite positive divergence between price and accumulation and distribution. Iow, while the pps is going down the acc/distrib line is going up or staying the same. Meaning someone is accumulating the hell out of this stock otherwise the acc/dis line would be diving just like the pps.
yeah, something is up alright: someone's getting cheap cheap shares at the expense of weak holders. Otherwise this thing would have taken a dive long time ago. Instead we see someone coming late in the session, almost everyday this past 3 wks, picking cheap shares and sending the price up at the close. People in the know are expecting good news. Most of us though are in the dark and desperately selling shares dirt cheap.
Hold on everybody and don't forget that Annie bought 300,000 shares last October? @ $4.96. Methink she'd want her money back and then some!!!