RERE: is a takeover on horizon - Howard Howard,
If you look at my prior posts re: CMK, you will see that I gave back a chunk of what I made on CMK. I couldn't argue with the facts that the coal market had changed; CMK was hit hard. A rule in investing is to not get emotional or fall in love with any stock.
Having said that, when I liquidated my remaining position at $1.50 ish; I bought at .60 and .90 ranges thinking both times it was a low and turnaround was going to happen. Wrong both times and lost money.
But overall, CMK has been one of my best performing stocks. It gave investors many opportunities to make money. It is doing so again.
Can't argue with the momentum and price rise, can you ? Volume is there. So you can participate, or sit on the sidelines. I am back in. Am glad I am back in. The trend is your friend...
Did we see the absolute low at $0.17 ? I think so. What do you think ?
Buy low... sell higher... trade along the way. If you really believe in a sustained run, hold a core position.
Knowing when to sell is one of the hardest things.
SD