Great trade if you made it. Since your post at the beginning of...

Great trade if you made it.

Since your post at the beginning of the thread, AXM is down 5.25% on the close. Not such a good trade.

Theoretically, you could have made 36% on CMR from 6th Jan to 7th Jan 09. Some even said at the time that the chart looked to be breaking out from the down trend. I am sure glad I didn't throw any more of my hard earned into CMR on the 6th of Feb.

At this point in time I really can't see todays trading as the beginning of a sustained uptrend. The fundamentals aren't going to support it unless there is something else that somebody knows that we haven't been told. Don't be naive, IT happens every day and it sticks out like dogs b...s on the charts when it is followed up with an announcement. I hope I'm wrong about the direction of the sp over the coming months. If proven wrong then I am back in, but there are a number of boxes that will need to be ticked first.

Sure there might be some volatility that can turn a quick profit. But mine aren't big enough or hairy enough to be playing the game on this stock at the current point in time.