CMN ==> The Christmas Winner!

[Jaws57]

Cmn

SO CLOSE!!!!!!!!!! My sell order is at $29.00.
Maybe on Wed.

[mooddude]

Looks more and more like an ascending base. And it also looks that at least two of you want to sell it at or above 28. If it breaks out from that level after a new higher low then it has a potential to continue a strong move. Questions: Would you sell or continue holding in this case?

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     /\/  3low
  /\/  2low
 /  1low
/

[B.J]

I hope we can get Spike's input, but this uptrend seems very predictable, almost a sine wave with an upward bias. The MM target (I think it's about 29 or so??) was just outside of the upper trend, and now CMN appears to be heading back down to support at 24-25. This would appear to be very "swing-tradeable". Even I'd have a hard time messing it up

If it does poke above the uptrend line, I wouldn't figure it to be there for long.

[Jaws57]

Looks more and more like an ascending base. And it also looks that at least two of you want to sell it at or above 28. If it breaks out from that level after a new higher low then it has a potential to continue a strong move. Questions: Would you sell or continue holding in this case?

           /
        /\/ 
     /\/  3low
  /\/  2low
 /  1low
/

On the the MrMarkets picks I like to stay with the 15% sell order unless I am at home where I can watch the market. I try to let it ride in that case, but unless it gaps way up i wont make much more.
Anyway It appears to be going back down, I probably should sell and rebuy at the 50day but I gotta stick to my original plan for this trade.

[mooddude]

Here's some basic technical analysis, insight.
This is as big picture as it allowed me to attach.

[billyjoe]

CMN is holding well in this nasty market. There is still hope for better days.

billyjoe

[mooddude]

Any ideas on today's action or CMN in general? The price is up and the volume is increased from the last trading day though below average.

[jiesen]

CMN Sold!

Got out of CMN today at 28.9. Another 15%+ profit thanks to the Huge guy.
Give it up for $$MM! All the finest meats and cheeses to you!

You are HUGE!!!

[The Photon]

thank you very much

stoped out @29 - 20% - Thx Mr Market !!! - Photon

[Karel]

CMN gone for 29. $$$Mr.Market$$$ is H U G E ! ! !

[billyjoe]

Out at 29.03. Thanks Mr.Market , a couple more college textbooks paid for.

billyjoe

[mooddude]

CMN broke out of an ascending base on above average volume to hit a new 52-week high. Good opportunity to add shares, not sell. Considering your goals of 15-20% gain, selling a half of position would be a good option.

Some glitches in the newly formed base include: volume better be 50% above 50-day average vs. some 20% today (which is yet to see since the day is not over), last leg better corrected 10% vs. 8% it did.

On the positive note, the stock broke out with a gap, the length of the base is proper 11 weeks, 8 up days vs. 7 down days on above average volume in the base, base formed above 50-day average, prior uptrend was at least 30%, solid fundamentals (as MM noted), IBD's Relative strength line hit new highs. Intraday action shows a gap in the beginning with tight trading later on, which would mean accumulation during the day.

[RL]

Mooddude You are right on. I was not on this pick but sure looks like the right time to buy. I'm In thanks for your post.

[mooddude]

Thanks but don't take my opinion as a recommendation to buy. Think yourself why it would be a good/bad buy. I'm optimistic because I'm in myself

[RL]

I was In this stock back last july and august.Traded It about six times made a lot of mula.Did not have any thing to Invest when Mr Market bought, forgot about It.