where is the +2mln seller, page-2

CFU has had major resistance and support at 18c since late 2008, and it would be a big battle for it to break through this level. I've been casually watching the buy/sell side depth today and noticed the sellers are in control at the 18c level. That is, whenever the buy side hits 17.5c, someone always dumps onto that price and pushes it back down. But there is some very strong support also at 16c, had an order in there since I think last week and has not hit. And, as history has suggested, CFU is the type of stock that will travel in a sideways channel for months on end before breaking out of that pattern.

IMO it still looks like it's stuck in a downwards pattern since late September 09, looking at the charts 18c is roughly in line with the downtrend. It really needs to solidly close above 18c on high volume before any move higher IMO. I think the best way to tackle CFU is to scalp it for a couple cents between 16.5c and 17.5c until a breakout is confirmed.