CTI Industries Corporation RawGreed award winner of the day

dots Posted on October 3, 2005 , filed under Stocks | Print This Post

Update : It doesn’t appear to be going up today.

This one’s not quite as bad as Baidu.com. CTIB, CTI Industries Corporation engages in the development, manufacture, sale, and distribution of novelty products, specialty and printed films, and flexible containers. On Friday CTIB enjoyed a huge run up. As this article points out, CTIB has a 600,000 share float. This past Friday, CTIB’s volume was over 8 Million shares or over 13 times the total number of tradeable shares in the company. I’ll be watching CTIB today. If the stock continues to climb, it looks like it will be forming the third wave in the Elliot Wave Pattern before following a downturn.

Symbol: CTIB, CTI Industries Corporation
Intelligent Investor Strength: 9
Chart Strength: 9
Speculation and Greed Strength: 10

RawGreed Strength Rating: 9.5

Target Short Price: over $7.50
Target Cover price: $4 within 1 week, $2-$3 within 1 month.

Notes: This is a stock full of greed and speculation. If CTIB breaks $7.50 today I will short 1000 shares, if shares are available to short.

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1 Comment »

Comment by cp
2005-10-03 21:10:51

How did you manage to get shares to short this pig?

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