SUPER-Special Friday Chart Right Here
Rise Up, Traders!
CloudWeb Inc. (CLOW) was an unplanned treat for us yesterday, gapping up big at the open and punching to a 91% close.
There were a few minutes there where traders were looking at a bona fide HOME RUN. It tasted real good after weeks of Wall Street leftovers.
So I’m thinking, why not play the same stock twice? The chart is in pure vertical lift mode right now. We don’t know where the sky will end up:
As you recall, CLOW is that web hosting company out of England. They run sites for the National Health Service and others.
No Obamacare web site jokes here. Over in England, they complain but the system seems to be part of the landscape. It ain’t broke yet!
Anyhow, that spike from near zero to 14 MILLION shares yesterday tells the real story on CLOW.
Big volume often leads to big price action. CLOW wasn’t even a $0.10 stock a few days ago. Suddenly here we are staring at $0.60!
Can’t really tell what’s gotten your fellow traders so hot and bothered here. Maybe it’s news that a Chinese investor is buying in big now.
Mr Liao Zhi De has accumulated 81% of CLOW and seems to be using it as a holding company for his other web enterprises.
No idea yet what his plans are but the remaining 19% of the company just got “interesting” — he’ll want to complete the set or let those shares RIDE.
Let them ride, those minority shareholders get to share whatever he has planned for the company. He’s throwing assets at CLOW now. It’s good.
If he wants it all, he’s going to have to pay a premium. I think that’s what the volume spike is all about. People are realizing CLOW is in PLAY!
That vertical lift is going to get a lot of copycats as we look for the ultimate ceiling. Trends like this run as long as they have to. This one is wide open.
Can a real trader resist that kind of opportunity?
Happy, Happy, Happy Trading!
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