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công ty CHINA INTEGRATED ENE Message Board

  • acorisk acorisk Jan 10, 2012 10:16 PM Flag

    1.7 million short reasons to freak out as the stock closes above moving averages

    appreciate thoughts and discussion on the following...I am not a technical expert, but it appears the momentum on the stock crossed an important threshold today to attract technical buyers / traders --- the stock closed above it's moving averages (about 40 cents) today, while it had strength at the end of the session. It is close to breaking out of the upper bollinger band. It had a 4.03pm trade at 48 cents with a decent share buy.

    with 1.7 million shorts, modest liquidity and a chart that now can attract technical buyers / traders....

    along with an investigation that appears by news (eg jobs) and advisors (shearman, wei (u.s accountant), christensen) with strong credentials

    along with a price that still has a P.E less than 1...

    equals a number of reasons for concern if one is holding
    cbeh short at this point in time... even so,
    glta!

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