Another bull trap ...MUUUUU
MUUUUUUU, MUUUU--love the sounds of my lover ( stockhousepunduit) when he gets rimmed .
But the most revealing is the SECOND COMING HERE of THE JESUS ...geeeesus.
Good TA or bad TA?
Sorry to say , the OVERRIDING TREND is the
ACCELERATED downtrend from Apr high.
The upper resistance line is around $ 2.3
JUST HIT that ceiling and down to to basement we go.
Exactly as the previous dead cat bounce topping at $ 2.6
= the same upper trendline then .
GOOD 2 days TA met the BAD 3 months TA.
The easiest, the safest , the most close to reality , and the most successful
investing method is 'follow the trend"
That method does not require a"prediction call" , which is just an risky opinion ,
,is immune to Fairy Tales and psycho - BS of the likes of GOD
Trend is a NET result of all the fighting forces
Follow the trend . it is your ( OR RATHER MY ) friend .
This WAS just another ( like TENS of such before ) bull trap.
https://1.bp.blogspot.com/_oqKj7JIlUso/S00S0vA_SMI/AAAAAAAAAZA/4yb5wYXDiio/s640/Bull+Trap.png
VERY BAD STORIES LIKE CMK DO NOT CHANGE OVERNIGHT..
Only in Fairy tales frog turns into prince instantly.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29979360&l=0&pd=0&r=0&msg=3
You can not beat CONSISTENT, NUMEROUS drops on 3 times aver vol
with up- bounces on aver volume.
You don't even wanna know how many strong levels of resistance there is on the way up..
=====================
So, is there at all a TA hope , an up-trend in CMK?
Yes, to find the overriding ( the 6 months downtrend ) uptrend
we have go back to 2 Y chart.
https://chart.finance.yahoo.com/z?s=CMK.TO&t=2y&q=b&l=off&z=l&p=s&a=v&p=s&lang=en-US®ion=US
The long term trendline support is at
$ 1.75 from Dec 09 , 30 c low.
30c to 1.75 in 2 years is GREAT 300% return.
As I said here
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29968743&l=0&pd=0&r=0&msg=3
The great 700% CMK growth story consists of 300% PPS growth
(30c - $1.5) AND 400% DILUTION BETWEEN 2008 - 2012.
JAN 2008 = 73M SH
NOW 217 M SH = 300% MORE
WILL BE 250M EASY BY Q1 2012 AND AS MUCH AS 350 M IF LONGWALL
So, basically CMK
WAS a great SUSTAINABLE story AT UNDER $ 1
And very bad story at $ 5
.Not sustainable over $ 1.75.
That SUSTAINABLE trendline will bring CMK eventually (
if will hold )
to around $ 2 in 8 months = Jan 2012 .
Yes , we will have a mine .
Yes ,PPS will fluctuate long term around $ 2.
End of story... or :
If $ 1.75 will not hold than there is just pure air below
Huge cliff , my buddies on Bay St may go for,
The last line of defense = the last trendline there is
- is at 60 c.visible on 5 Y chart.
https://chart.finance.yahoo.com/z?s=CMK.TO&t=5y&q=b&l=off&z=l&p=s&a=v&p=s&lang=en-US®ion=US
Impossible ?
Quite the opposite . Just recall very real GCE in year 2 ,3 and 4 (2006-2008)
https://chart.finance.yahoo.com/z?s=CMK.TO&t=5y&q=b&l=off&z=l&p=s&a=v&p=s&lang=en-US®ion=US
CMK year 2,3,& 4 = 2012- 2014
GCE didn't dilute in Y 1-3 as much as CMK did and WILL.
Neither GCE dsappointed then AS MUCH as CMK.
Neither GCE has as bad mngment and coal quality and location disadvantages as CMK
So, 60 c.is MUCH MORE LIKELY than the RBC /TD target $ 3 - 3.5
Especially after coming 100% sure - MORE DISAPPOINTMENTS and more dilution.
Any other than above approach , view is just a delusion.
===============
BTW; a one picture getting the essence of Dr.Hudston 'state of the world"
article - here
https://reddragonleo.com/wp-content/uploads/2010/05/bull-and-bear.jpg
Dr Hudston article here
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29985147&l=0&r=0&s=CMK&t=LIST
======================
ADDING NEW , SHAREHOLDER'S QUOTES TO THOSE HERE
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29979360&l=0&pd=0&r=0&msg=3
May God save us, all.
give me a f*ing break - management explicitly stated one thing, and the results are the diametrically opposite of that e management of this company has proven its inability to navigate towards profitability
, I have noticed a drop in the holdings by the big boys
CORMARK went >>NEGATIVE<< on CMK
This is no WTN- time startup -to -takeover - 6 years LOOOL= keep your TO BS for your children..you will have to make it or die ....ALONE geeesus
Dale Hendrick sold 723,000 sharea @ 3.50
I don't trust anything from his mouth.
TD: Losan value 13c/sh,RBC 19c/sh- fire sale below 10c.
, I'm down nearly 50%
I am frustrated to no end with this company's management.
disgustingly low production and e lofty goals
Mr. Bates, do society a favour and please resign
Retire already - God knows you've taken enough of our money to do so.
And while you're at it, take the rest of your team, too, including your lousy PR personnel.
A man can shovel 4-5 tons in 8 hours.
With 400 employees Bates should of been able to dig his 35,000 ton in a month by HAND.
December "production Start - B.S.
their best seam is a dud now?
This is a very bad joke of a company.
The so-called friend Godman....is now officially a liar.
So Godman, or whoever you are, get the f.. out of here
put that yerk on ignore and never reply on his crap
Godman isn't the liar. Look to Cline mining for that accusation.
It would be great to see one damn sign of competence from that lot.
Most people - myself, particularly - are pissed because they were mislead.
If management couldn't deliver on guidance, then DON'T SHOOT RANDOM FIGURES to people.
. Cline is a dog
going to trickle down and stagnate at the $1.50 level
frustrated with crappy management and bloody well entitled to be
Stick your head in the sand, and refuse to deal with reality.
. Let's see if there is a mircale.
We all been duped!! Plain and simple
Valuable lesson learnt.
waiting around still "costs" us, n'est pas?...value of time
"robbed" of about half
My entry price was $3.79 and I might not ever see that agai
CMK turned out to be a major disappointment
THE SHAREHOLDERS GET IT AT LAST AND STARTING TO TALK LIKE GEEE LOOL
( hey ... easy ..that's my job )
Please , do it orderly .. do not jam the exit .geeesus .. ... watch it,!!!
do not stampede over GOD and especially over my brand new baby lover .. LOL
random quotes :
Could someone tell me how this equates to an exit rate of 3 million tons by 1st quarter 2012???
CLINE MANAGEMENT change the story on each PR.
Can you believe ANYTHING they say?
Bates and buddies are in over their head,yet reward themselves at shareholders expense.
the DEVIL or GOD himself__will be able to find much, if anything, for their pumping adjenda in this latest ""Disclosure"" from the wise, old men!
The coal being produced by CMK is the equivalent of Hemlock lumber compared to old growth Doug Fir
I must say that this is turning into one of my most disappointing investments of 2011.
oh by the way GODMAN is a liar, ( GEEESUS _ FINALLY YOU GOT IT ?)
he never probably has "spoken" to the CEO
GODMAN is a horrible person for saying these lies............just horrible............
you should be ashamed of yourself...........
Ben Kates was insulted by 350kt prod /2011 and said it was super conservative LOOOL
. All bad. More troubled waters ahead.
Another PP is a certainty and stock will be at $1.50 or less.
Unbelievable that management can get away with lies and deceit they have put forth
( hey ,my lovely lover - this is your next homework in the legal assistance course
-for the previous one on me you got " D" LOL)
. MasterBates and company have absolutely no creditbility.
They must go. This stock is a short
i see this stock falling further on higher employment costs
for the extra 100 people and less revenue for 2011
this is one of the worst investments i have ever made..............just lessons learned............
broken promises time after time..
.they might even break promises in teh future (WOW ! ! ,what a discovery LOL)
...........its complete BS to me......
....Substantial additional funding will likely be required
HARI-KARI
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29978345&l=0&r=0&s=CMK&t=LIST
this is all bad news and that's why the stock has been getting hammered
a loss of $8.2 million made up almost entirely ($6.1 million) of stock based compensation for management, ( WEL,L co wil lose $ millions 2011 ,but insiders are perfectly happy ...geesus)