RE: RE: good jump Kingyahooniv, playing the market is a game of psychology. I made money because of the stupidity of others. So, I have both CAN and SOC and several other stocks. I said CAN would hit $2.99 by the end of the week. Did I just come up with a number?
The market's fall is long overdue for a major correction and it would get worse. Look at GCE and WTN and all others. I had them, but sold GCE and WTN last week, Since, both have come down about 15% after appreciating 200% in the past 2 years. On a 7-8 buck stock, that is a lot of money. CAN will close lower and still go lower. It does not mean there is anything wrong with the stock. It is the market and China, despite its progress and cornering several mineral mines in Africa, it will cause the problem. Here is not the place to explain..
I will buy more of CAN, but not right now. I did not buy big, just enough not to sweat unnecessarily. CAN will come down quite a bit by Friday. If you guys believe otherwise, you might just be right. After all, that is how things are.