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tons of buying at .0006 the last few days... today the ask was used up and now the bid is .0006 not many trades at .0005 the last week or so.... I think it's bottomed.... volume is up and it's ready to blow I think..... I'm trying to get in for .0006 but I only have a little spare cash right now....
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LOL....... I first posted when there was 1 MM left selling at .0006 when I was typing it went to 3 MM's BUYING at .0006 I was 10 min too late posting to get people in at .0006 including myself.... I got in at .0007
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probably cause it's been beaten down and stayed that way a while..... these always pop up and down..... this one was due...... but I think it's a crap stock overall.... but not as bad as some......
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Pick em low, I pulled up a 1 month chart and viewed the spikes and when it rises to a ceiling and pulls back that's where the buying stops and the tumble begins. The "panic sell"
if someone held for a change it would keep going up.... i.e. whoever sold 4m shares at .001 screwed up the whole run... if they held it would have went past .0012 and they could have taken their dump there....
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with yesterdays news about changing the company focus. I'm thinking this is a take over by another company wishing to be public. I'll be watching for a form 4 benificial change of ownership filing. The reason I'm thinking this is because the company market cap is only = to 1/8 of the asset value or at .0004 give CALI a market cap of $172,812k (based on the O/S of 432,030,283 as of 9/18/05) with $3m in assets backing that up. A reporting shell with no assets is worth 10x the market cap they give CALI! We shall see how this comes out in the coming days! I'm going to be watching this very close! I could very easily become a 5% holder of the O/S on this one in the coming days! if it stays down here!
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if it stays down here!
