Couldn't agree more. The Name of this game is to make money, consistantly, and preserve capital. Anyone who can catch the wave of a stock like this and ride it into some very healthy profits had done extremely well. The thing that I cannot fatham is why people would be these sort of stocks at these levels??????
We have seen it before with the Tech Wreck, people buying stocks like DVT at $6, SNX at $15 - $16 and so on....PUL at over $1...ouch....I learned that lesson the hard way. So what is logic behind buying a stock like CMQ at these levels?
Nearly every company that went through the roof during the tech wreck is either broke or trading at some poultry price. They will never again see even half of the value they saw back then.
CMQ is already worth half a billion on nothing more potential...there are probably take away stores turning over more than this little gem.
Cheers
Bazza
CMQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held