Amazing sell down in CNMC Goldmine continues. The stock had some weak buying with distribution in the 5 min chart combined with profit taking from the Big Fish last week, it was almost an instant text book answer that it got sold down yesterday and today. Studying the 5 min chart now, it looks like short term short covering and more downside to come. Be alert if you are holding this counter.
Ronald K - Market Psychologist - A Stock Market Opportunist