overbought

  1. 13,252 Posts.
    Having sold my cxm and agreeing with planner about being over bought. there are a few things to remember with cxm, about the options and shares in escrow on the market at the moment there are about 50 mill
    with 150 sharesin escrow and 50 mil options due in dec 08. Now this is not knocking cxm but facts you think the market value is about 41 mil for shares on market,
    so times this by another 4 and suddenly cxm has a market cap of over 200mil which compared to other iron
    ore juniors is up in the higher levels. But l hope for everyone cxm is as good to them as it was for me but there is nothing wrong with taking profits. and don't bother saying l am down ramping as it is good to hear all sides not just fan mail about a stock.
 
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