Hello all,IMO Continental Coal this week has become a day...

Hello all,

IMO Continental Coal this week has become a day traders game. So much speculation that It can hit double digit within this week, has made it extremely risky for people who want to buy now and hold for the long term. The company is great for a long-term hold, however the price now is not a good entry price IMO. The volume this week has been HUGE, filled with day traders, who will simply leave when very healthy profits have been made. The buying over the past week, signals to me to believe that the share price can still come down a fair bit, before stabilizing near 5.5-5.7c. Many big buyers could quiet possibly hold the share to see how it went today and from the results, they could quiet possible exit tomorrow with a slightly lower profit.

My assumption is also backed up with the current market depth, 40m Buyers and 60m sellers.

Take care for now, don't get too overly excited with this share for now! IMHO