How do you think all those old retired or semi - retired apiarists who were in at the beginning when CZZ was a co -operative think of today prices . Many will still hold the original shares they were issue on joining the co-operative as honey producers.
Many of the original shareholders won't sell even if the price reaches $50 / share, they will hold the share till they die or CZZ is taken over and their shares compulsory acquired.
The top 20 shareholders hold 34% of the shares nearly 30% ( nearly equal to the top 20 shareholders ) of shareholders hold between 1- 5,000 shares - there are still a lot of small shareholders 'riding the boom' and many will be the original share holders . Do you think they are thinking of ' short selling ' or selling at today prices and buying back next week or next month.
Any one short selling CZZ will very quickly get squeezed! You can see from todays price movement a short seller could quickly lose $3 - $ 4 / share
CZZ Price at posting:
$19.37 Sentiment: Hold Disclosure: Held