Coming out of their holes It never ceases to amaze me how one decent news release brings out all the new pumpers who were hiding for months on end when this stock tanking. It happened last year with lots of "this stock will be $10 next year-" wrong - it actually hit
.99 cents.
Myself and a few others have held this stock for quite some time during the good and bad times. DO you really think when you post a crazy pump that its going to increase the price because 200 people read it on this board?
Day traders add to the violatility of this stock.
Remember that cline is pushing close to 250 M shares o/s (they actually may be higher after the debt deal). I have been selling on pops to try to minimize losses at this point. I don't see this mgmt team hitting their targets. Remember for 2011 they were supposed to do 1M tonnes but rather did 30K for a 97% miss !!! - and also the 3M run rate was supposed to be achieved at the end of 2011 and now is first half of 2012 - if anyone believes that I want to sell you some nice land in Chernobly - its peaceful with not a lot of people or animals.
Hoping for 3 bucks a share to get out of here !!
Pasta