OTCPK:CNZCF - Post by User
Comment by
Str8Shooter88on Feb 06, 2017 2:15pm
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Post# 25805694
RE:RE:RE:RE:RE:RE:Spin off.....
RE:RE:RE:RE:RE:RE:Spin off.....Agreed. It could be suddent with no warning. It's a chance a flipper takes. Flipping isn't always black and white. Flippers can keep a position here, yet flipe the rest and buy other stocks that are uptrending. Then come back with profits and still buy back in. If news hits, then they are hitting the ask, but still able to buy. Like i say more than one way to skin a cat. Some will sit and hold even during retracements/accumulation phases. Others will sell a portion or all and make money with that money and then come back to buy even more. Depends on your risk tolerance is all.
dart321 wrote: I agree again. Since this consolidation started I think it's safe to say flippers are responsible for half of the volume, jumping in and out but the other half is accumulation. Every day that flipping is getting harder and harder to buy the paper back. In my opinion when this consolidation started we had 7 to 8 million loose paper out there. Now my estimate is less than 2 million likely closer to 1 million. Now put substantial news out and the stock spikes to $1.25/$1.35 and climbs from there quick. In my opinion that is what is likely going to happen. Just don't know when, I do know it will likely be sudden with no warning.