OTCPK:CPPMF - Post by User
Post by
Rational43on Feb 13, 2021 1:56am
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Post# 32560832
Looking a lot like 2010
Looking a lot like 2010March 2009 CMMC was crushed, down to 45 cents.
It ran up all year to $1.80 by year end, than in January 2010 it ran up to $2.40. It consolidated there, dropping to $2.15 through Feb, before launching its next leg up in March to $3.50 per share.
Cut and paste the chart pattern from March 09 to March 20, and its pretty damn close.
While I think the more likely time frame is a 1999 scenario, with a longer more structural commodity bull market similar to that one, 2009 and 2020 both have the same massive money printing and depressed share price starting point.
History may not repeat, but it does rhyme.