What a day to be a bull What an exiting day we ha

What a day to be a bull

What an exiting day we had both on the tape and on the message boards.

I've been commenting on CDEL's behavior this past week and it looks like I'm not the only one that noticed their large bids in the 3's. If you take a look at the hourly chart below, as well as the time and sales, you can see that a little after 12:30 a one hour bear raid commenced in an attempt to clear out CDEL and UBSS who were in the low 3's.

Bear camp 1 is trying to shake out investors and dumping airshares into bid. However, bear camp 2 is taking all the shares that they can capture down at these levels. It would be one thing if it was only retail money defending support, but it is another thing when another institutional trader who knows the games is stepping up to the plate.

Bears tried their best to break 3 cents but ran out of ammo and were reversed back up to .034. With NITE as the low ask sitter I think that they are the primary culprit today. Notice for instance the 500 share bidhwhack at .0315. Does that look like the work of someone legitimately exiting their position or just an attempt to force a lower print? Obviously it it not the former, and institutional traders laugh at those games and say I believe in TECO give me more of those air shares because I have more money than you can throw at me and I will short squeeze you in due time.

After hours the bears did their fake selling routine to trick retail into thinking that 800,000 shares were dumped at .0237 after the close. 

Today we actually got a MACD cross, albeit very microscopic so I can't really make a big deal about it. If we can get some follow through and a real deep cross over to the upside it should make a case for momentum traders to jump on board.

Couple this with the fact that multiple news catalysts are on the short term horizon and what we have is an oversold stock that is itching to explode to the upside.

Expect to see more bashing and more attempts to bring the stock down in the days/weeks ahead as the bears will no doubt go scorched earth in response to their most active basher being named in a civil complaint.

[IMG]http://i.imgur.com/7mKif.png[/IMG]

[IMG]http://i.imgur.com/Ftsuf.png[/IMG]