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Registered User
Joined: 3/25/2005
Posts: 864
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CTDC is facing delisting. But, the stock rose above $5.00 today. Could this be short covering? Does anyone think this a great shorting opportunity? Or, is there positive news on this stock now that I am not finding?
Your comments please. Thanks.
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Registered User
Joined: 3/25/2005
Posts: 67
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mp,
I wouldn't short into the kind of momentum that it has been displaying unless you could find a low volume test and failure of highs somewhere along this leg up. And then i wouldn't hold the short for very long.
Just a quick technical observation. I know nothing of the company.
JG
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Registered User
Joined: 1/27/2005
Posts: 8
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Hard to research an out of country company.
They dont make reports like the home grown ones do.
So the indicators don't work has well.
Three basic indicators MA, MACD, STO, may show a short opportunity coming.
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Registered User
Joined: 3/25/2005
Posts: 864
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I really appreciate your responses on this one. But, Guys..
You are really overthinking this one.
Doesn't the words 'delisting possibility' mean anything to you?
If there is no further news (which I was wondering if anyone knew of) which would indicate that their situation has improved, this is an excellent shorting opportunity (or it was today when it was above $5.00 a share)!
Thanks again for your input, though.
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