Dripping down again...
Tommorrow the DOW technically is expected to correct.
Macro Picture:
Downward spiral in recession to depression: Layoffs, heavy personal debt, wealth cut substantial, war.
Micro Picture:
Bush puts in liquidity, interest cuts, war looks rosy, mutual fund managers buy in unity to shake out shorts, suck in bullish longs, THEN, quick SELL to guarantee 15% gain for the year, for their clients, although managers know recession is here. This leaves FOOled longs holding the BAG. A common manipulation scheme with price controls.
CLQ picture:
-those of you who thought I was hurt from a short at penny stock levels can be relieved, as I'm not that stupid.
-the FACTS:
-no revenues
-weak NEW company IQ2, mother company is flustered with own problems
-still 500K monthly burn rate
-no experienced CFO, small staff
-heavy options dealings diluting shareholders, leveraging to the hilt
-MF throwing the baby out of the craddle with a hyrdro company, who now also do asset tracking and location: what else is there?
-shows MF's reluctance to reassert his prior PROMISE of using his own funds
-traders coming into CLQ is TOTAL speculation, complete gambling, many inexperienced
-again FLUFF, no fundamentals, CEO intellectual not meant to do business: Stay in the lecture hall
I can only see this China deal as hyping this stock up, but intraday, CLQ is a trader's stock....hype it up and up, for the...trade.
For those who are long, don't let this increase fool you. Get out while you can and trade.