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CNES...moving fast!!
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[QUOTE]Originally posted by yourdiligence: [QB] CNES looking for its new base. Hopefully .0008 + A little food for thought for those who believe in merits of noticing patterns and yes recent history with this security: They said it would never move because of 10 + billion O/S it has... They never said it would ever run past .0010 once it moved they were silenced... CNES made a strong move to just under .0030 within the last few days... but of course there is no reason to believe it could do .0050 + right based on history of last 30 days??!!!??? lol * accumulation before explosion (has further accumulation occurred in last few days) * nice handle formation occurring as we speak * stronger base/greater number of shareholders * greater awareness in investment community * demand for issue is far from dead--in fact demand has outstripped supply on multiple trading days. Note partial fills and assortment of MM antics even today as per posters * many MMs want-in on this action both because of volume and realization with FCC approval that this co. is not fluff and Wall Street is looking for a clear leader in AMR industry to lead way * Goldman Sachs and other MMS majors show that there is institutional interest IME and solely my personal opinion the early February run and latest run are a delayed reaction to FCC certification. This is a case where major PPS rise has occurred after the fact and speculation has increased because contracts are not just a pipe dream when you have FCC certification. Sure the co. has a great deal more to do but progress has been made and FCC certification is inherently 'progress' that can lead to further developments. I've enjoyed this ride because CNES is my first pick that I've made mainly on my own technical DD. I saw an opportunity in Nov./Dec. to buy-in at cup/saucer bottom and it hasn't disappointed. I really don't care too much whether 'big news' or not comes at this point because technically some great things have happened and are still formulating. I personally believe there is more behind the scenes because according to a number of sources CNES has done a fair amount of PR and developing relationships with other industry members and FCC certification is no small matter nor is 10-15 million of RD and substantial number of years to get there. [/QB][/QUOTE]
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