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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

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Post by aatwal on May 16, 2012 1:56pm

Support

Support at 0.60 for now....noticed not too much selling into the bid, and but the ask at 0.60 keeps refreshing from TD.....let's see if remains here than could bounce off this support level, if not and closes below 0.40 to 0.50 is the next support level......
Comment by bond46 on May 16, 2012 2:40pm
next support  at .45, three years back. Bates likely has nightmares these days, what a travesty, the man would perfectly fit as a pigfarmer.
Comment by DropnPop on May 16, 2012 3:00pm
what happen to this company why it keep dropping ? cmk @ .60cts is it good to buy yet ? please give some advice ? thank
Comment by riverrocks on May 16, 2012 3:02pm
According to this board 0.60 is the teme to sell and never come back. But i will wait untill 0.40
Comment by retiredrcaf on May 16, 2012 3:05pm
Your portfolio says you are down 87% with Cline, but I am sure that is a mistake and you made off like a bandit, right?
Comment by DropnPop on May 16, 2012 3:05pm
thank for the information i almost buy it last week then some traders here mentioned to hold off because it will go to .60cts oh boy , they were correct .... thank to that person ok , i will wait more ... thankyou
Comment by whitehorntiger on May 16, 2012 3:10pm
all of us deeply underwater have nightmares though. But I still believe it was due to the market and price conditions. asking a simple question, if the coal price is over $200, will CMK be today's SP? I think it's a correct decision not to produce too much coal at this time, why they have to produce and sell at loss? yes, there is a risk if coal price remains low while CMK is burning cash ...more  
Comment by riverrocks on May 16, 2012 3:18pm
nope its right on the money. ahh but its not over yet.  
Comment by aatwal on May 16, 2012 5:37pm
I guess so far I am right in terms of the share price support levels...now the close was below 0.60 I expect more selling coming in and we could move into the mid to high .40's very quickly as more people would have given up on CMK....watch for the volume spike and support to build here....I am still not confident yet that bottom is reached at the moment  as volume has been avg. to say ...more  
Comment by bond46 on May 16, 2012 6:52pm
Watch Greece for a bottom. If you're looking for a bottom watch the developments in Greece. Greece is going back to the polls on June 17 and if a left wing party takes the majority of seats in Parliament, Greece may exit the Euro. In the meantime, the Euro will be going downhill and when it hits $1.18, it may reverse. For the next four weeks Europe will be in turmoil and the Euro shorts will ...more