Has anyone noticed of late the virtual procession of micro cap, day trader "favorites" going off?
Every day, another one takes a significant run...50%...80%...100%...you can throw a dart at any of the old day-trader specials from the last 3 years and with a bit of patience, get a massive return.
Today it is GPN, NWT, AZS and GDA's turn...more recently we have seen WMT, CXY, MLS, MHL, PEN, GCR, EXM, MPO, RSN, RAW, BLR, PDZ, AEX, MMB...in fact I could go on and on...all make very big, often non-news related runs.
The point being, that is is a fairly safe bet at the moment to re-vist old trades and run a basic assessment on where they are...it is certainly a worth while exercise to put them on a watchlist.
So why on the CVI thread?
Well, CVI is one of the few "trader favorites" that is yet to have its run...and by that I mean several days of 40%+ gains...ehich then hold, consolidate,then run again.
This of course is a rather arbitrary analysis...but strangely enough, at times enouh in certain market condistions.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
