Cline Mining target slashed by 1/25 days ago KOL printed 2 gaps
The lower 46.4 .Price now 47.6
According to TA 'rules" gaps have to be filled.
If so,
KOL shall go 2.5% down.
So, stocks lik
e CMK shall go like 5% down
CMK and may other coals have their own little gaps down the chart
https://finance.yahoo.com/q/bc?s=KOL&t=5d&l=on&z=m&q=b&c=
Note :on this particular chart that gap will not be visible by tomorrow.
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Yesterday's 6.6 m sh (most likely STRAIGHT) sale was unusual by any measure.
TA guys usually do not go against good TA ( as it was 1 day before)
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29938357&l=0&r=0&s=CMK&t=LIST
So, some major BAD fundamental fact could be a suspect.
Maybe mngment leaked a bad news to friendiles.?
The ole guys may need to change their diapers more often
Perfect job for GOD- he may catch some of the private ( parts) leaks for himself.
LOL
Looks ,slashing target vs co-conspiring broker's target by almost 1/2
by TD was the fundamental factor.
EIGEN'S POST
"So the good folks at TD SECURITIES slapped a >>SPECULATIVE BUY<< rating with a 12 month price target of $ 3.50.
They issued their report on July 5, 2011."
I said months ago , CMK will NEVER surpass pre-production speculative bubble high
Same as GCE did not in 2005
-- pre prod high $ 18
--Near the high the underwriting GCE brokers were issuing $ 22 target LOOOOL
--3 Y later GCE bottomed at 40 c LOL-
missing on promises.....BUT only a fraction what CMK misses
https://finance.yahoo.com/q/bc?s=GCE.TO&t=my&l=off&z=m&q=l&c=
Good to know , the TD anals got as knowledgeable as me .
$ 3.5 may / may not be the 2013 up target ,
But more important question for now is :what is the 2011 down target ?
As my deep coming next analysis will show $ 1.1 is possible.