Maka
You've got to have your other thinking head on as well, no offence mate, you’re missing the immediate bigger picture as to why CNN price isn't moving vertically, there’s lots of interest now in CNN, considering they’re getting more customers and expanding the key core of the business. The majority of the world stock market is on tenterhooks even at this low price many people are fearful getting into the market now, they wait for a correction of some sort, a major crash 70% or just 10% 20% loss, who knows. If the market does cracks, in CNN even if it stays where it is, you’re not going to lose much are you, and it’s not going to take much of a move to get it back on track and up, the business is most likely to keep going.
Lots of clever traders has bought into the market lately even at .001c, who is buying and why! That’s because many who are watching the story of CNN understand, that this is a business that’s going to or has potential to grow much larger, long term investors are going to buy larger chunks when they can get them. Larger and larger lots will reduce the stock-trader numbers. There’s never going to be a better time to buy CNN than now. You can’t get more rock bottom than now. I think traders should stop being negative about it, I believe this tend to put of a lot a potential traders who would otherwise want to invest and wait. This is the key word, be prepared to wait a while.
If you want consolidation to effect any price change, you’ll also expect to get a reversion to the current price as soon as possible, hence wipe-out your capital, if the general market mood stays the same, this is what’s going to happen, nothing more and nothing less. Reconstruction is not a sure thing for upward price stimulation, there’s not much volatility in this market you cannot expect anything more for less. Perhaps your wishes isn't what you’ll get.
CNN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held