Now you might ask.
Why would a stock like $CEI still exist trading on the Nasdaq? If on a split basis it's down from $250,000,000 in last 15 years and trading at $1.40's now?
Because NASDAQ doesn't want to delist this cash cow. Every year it gets Pumped/Dumped. They make that $
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No. No stock trades at that price.
But when you add in every time it was dumped and then reversed split and was dumped again.
It's down from a split adjusted $250,000,000. from 2005.
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You’re spot on. This is one of MM favorite P&D I have seen this movie before. Been hurt couple of times. But as you said volume is the key and entry at the right time with your PT established.
If people are trading cei and holding long that’s on them. The guys that are pumping this right now are not holding it long. Make your money and get out before you get left holding a bag. I’m still really new to this and I’ve figured it out pretty quick.
