I'm aware of the differences in sell/buy lines between .055 and .065. Have you also noticed that the total sells to buys ratio is 2.481:1 (11,151,737 sells to 4,495,000 buys)? As I'm sure you are aware, looking at the number of buys and sells in isolation will rarely give you a true indication of strength/weakness unless it is tested. For instance, have you noticed that in the past 2 weeks that the sellers are selling into the smallest signs of strength?
I'm not saying that CGM has not held up reasonably during the past month but that it could spike in either direction based on what I can tell from my limited observations of the trading action and the charts (not necessarily up in the ST as some have suggested).
Make of that what you will and GL with whatever works for you.
CGM Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
