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Originally Posted by leilomo
seeing at how it's gone up around 100% in the last 5-6 trading days or so, do you think people will start taking profit on this stock or will this keep going up in the mean time?
think it'll dip before it goes up again? waht are your thoughts for a near term buy?
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It could possibly fill the gap left when it gapped up at 90cents. So there is a chance the stock could retrace to 90cents. (keep in mind it also gapped up twice already, and did not retrace)
Keep in mind insiders hold a very large chunk of this stock.
And some key information (the consultant report and the #2 horizontal well) will be released near the end of January (projected).
I think the current prices of a dollar is a good buy.
I saw what happen during the initial Utica shale discovery, all the plays in the area moved up to Considerable levels, it was insanity.
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I just think, at current prices, CQM is a good reward/risk situation. It won't be a dried turd for months.
If the horizontal well is proven successful...this thing will move fast. Then again, it can also go down.