RecapYesterday late spike up with high volume.
Today premarket active with upside.
early morning huge volume and up 10% that buyout is imminent.
Traders start to pile in in anticipation of a quick 20-50% upside, obviously most on margin or with a stop loss.
The shorts are buying as well to artificially drive up SP. then the next report hits.
Shorts dump so fast and trigger stop losses and margin calls.
The exchange halts the trading, yes not Cxr management, and after 5 minutes it resumes.
after all the hype we lost 10% and now Cxr is trading with no buyout premium.
So we finish the day at the level we were trading at two weeks ago, big deal.
A ten year old will tell you that this is manipulation.
My question and it's one that none have asked, why are the shorts so set on destroying Cxr. You know that this will never stop and that is the very reason that I do believe that MT has to sell. With its small share float he has no chance against these animals. If anything today's action truly manifests the absolute need to go private and reaffirms my conviction that this buyout is very near.
I want one good point from the shorts on this board as to way Cxr is uninvestable at the current price and non of their arguments so far make sense. The same old bull