CKCM has been strongly bullish in the past two weeks. I think the stock was highly undervalued so I bought it at the low points a few times. The last trade was a buy at the low 16’s (point A on Chart), and I sold my last batch of shares at $19 (point B on Chart). I made over $2500 on that trade. I was afraid to hold it through earnings so I sold all my shares on Wednesday. On Thursday, the earnings report came out strong and the stock rocketed up over $3 pre-market. I missed out on a huge run up but I’m okay with it since I already made a good profit.
The stock prices are stabilizing in the low 20’s now. I’m watching the stock from the sidelines and may buy some shares again if it looks good.
Overall, the market has been picking up again. Look at GOOG run. You would think after the earnings report the stock price would come down a bit, but it’s close to $400 a share now.