Post by
TechTarget on Oct 20, 2015 5:25pm
GOOD NEWS CXR Holders! GROSSLY OVERSOLD again!
Last time I was here was to tell you about the grossly oversold conditions on CXR. Within a few trading days the rebound was impressive. How do these happen?
1. Market sentiment. For CXR, it's the whole health care sentiment that's in the dumps (for reasons we all know if you follow the sector).
2. Naked Short sellers Pile Driving. Several guys talk about this all the time on these boards. Craigbad being the main guy shedding some light on this market attrocities. t explains why these larger caps stocks are trading like penny stocks with HUGE unwarranted swings.
Naked shorters are "pro" traders that short using stocks they don't have, they have three days to cover (buy the stocks). Naked shorts attack stocks on the severe downtrend like CXR which have huge negative sentiment. Hence the spectacular selloffs we see.
The sell-offs trigger stop loses, margin calls and the rest of the "buy and hold investors" panic and sell to these modern day crooks.
Canada should make shorting illegal and ALL THE CANADIAN EXCHANGES should mandate immediate settlement to avoid this type of rampant white collar short selling crime that legit investors get robbed with. Let's make NOISE about this type of crime! The whole uptick short selling rules are broken and clearly don''t work!
In the meantime, little aggressive retail short term investors like me (and buds) can profit from the wolves killing honest bulls. i hate shorting and it should be illegal but since i can't change the laws or enforcement them, can only observe and profit by the misery these short seller guys create.
I bought a bunch of this oversold stock near the close at the 35s because I see a bit of a "baby cradle formation" (a new TechTarget TA TM indicator! :-)
It closed up from its 52 week low to 35. Baby pooped at 33 :-)
Tomorrow we're changing the sheets so don't be surprised to see a nice rebound! Also don't be surprised if this severe downtrend continues for a few more trading days. It all depends if the shorts get nervous and if they look at the charts, they should. But like all traders, GREED is a hard emotion for humans to deal with.
I love playing a stock like CXR because it's SUPER safe at these prices. Credible analysts have this as a $100+ stock, my own stock analysis tool has this as a $150 stock. Available at $35 because of this naked short attack! AWESOME!!!
Low risk stock, depending on the trading patterns I'll sell if the run falters or hold if we've got a confirmed reversal!
Enjoy people. I've been a "buy and hold investor" for years but my training this summer on highly volatile and manipulated penny stocks has prepared me to re-enter these larger caps like a jetfighter with a very nimble plane going into battle with big large enemy planes! I can fly my little investor plane in and out of trades without being detected by the big guys. My trades don't flick needles, their do (as we'll see in the coming days!)
TechTarget CXR @ 35 ULTIMATE short term BUY before the NAKED SHORTS DO!!!
If you are a long term shareholder, DO NOT SELL HERE! The naked shorts wlll gladly take your shares at these heavlly discounted prices and they don't we will! :-) LOL
Comment by
CJAlberta on Oct 20, 2015 5:50pm
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