RE: 19 cents on its wayIf you think that there is no upside, and try to pick market bottoms and tops, are happy with a few pennies in short term profits and see .19 cents on the way, you should sell your holdings and short the stock.
Let's see ...if you sell 100K shares staring @ .24, your selling activities, based on recent volumes would probably drive the price down to say .20 Maybe the price would go lower and you could buy it back starting @ .18. However your buy back activities based on recent volumes would probably drive the share price back to where you started. Let's say for arguments sake you can make .02 a share on 100k shares 2000 bucks for a lot of risk and you'd end up with no CBR shares. I think there are many better short propositions out there right now, if you are so inclined try shorting Wachovia or Lehman or a host of other US financials
For me shorting CBR would be a very risky proposition, and indeed that is why you are not seeing any meaningful volumes above the stock trades (which amounts to swapping between accounts) of the market makers. I believe that any good news(and there is lots pending) could kill any small profit so earned and as I have said many times that I will continue to hold and even add to my position as long as management continues to successfully execute their business plan. I'm looking for bigger returns long term.