I have been otherwise engaged of late and to be honest, I feel that CCC on HC has definitely overdosed. Even if you do not subscibe to the TA view, it is of no use what so ever to over analyse the fundamentals.
CCC is an early stage producer with aspirations. This reinforces many an investors' appetite and scares probably just as many. The simple truth is (to my mind), that CCC has been well and truely played to the advantage of those who secured shares at a much lower prices.
Many of us held through the retrace and feel cheated because we feel that we fought the good fight. A lesson learned I reckon.
As a forum contribution, all I can offer is the following... For me I have adopted the following creed:
(1) If it goes up I will hold with stop-loss positions
(2) If it trades sideways I'll consider my options
(3) If it goes down I'll trigger stop positions and consider the options.
For me CCC has bottomed and the 2 year chart reinforces this beautifully. As for the fundamentals, well nothing has changd to alter the fact that we have income from production, with a huge up-side potential.
Cheers, esp. AIMHO.
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