What's up Doc..., page-29

Generally my posts have more to do with charts and what's beneath the surface than continual chatter and hype. My bad rhyme (doggeral) is oft designed to focus and ridicule those who add nothing but "I think" or "I hope" or "I expect"

Several years ago as the price ran towards 5cents I said .... a capital raising .... at approx 4cents and then down. Most here quoted the "PAID consultants" who wrote reports with valuation of 7.2 cents (from memory).... and so it goes. That's how the industry works and how company's raise capital and "hopefuls lose money".

CDY's chart is difficult but think that the weekly displays a large pennant after the 5 cent top.
Draw a line from the top at 5c and 4.6 highs and bottoms at 2.2cents and 2.3 ....... potentially forming an a,b,c from the 5cent high although the move up so far is overlapping and not impulsive therefore I think its an 'd' up to approx 4 cents with an 'e' back down to approx 2.4 before the pennant ends.

Now this aint carved in stone and sometimes announcements alter the pattern..... buttttttt.
CDY seem to me to spend more money than they make and will possibly need another raising before long.

Daily volume was large 02/Sep, need to run past 3.4c with at leat 7+million ie greater than the retracement on the 3rd. At these prices it's easy to move this market especially as most buyers are "all in" or "all talk"