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  4. Creative Edge Nutrition Inc. (FITX) Message Board

Watch the CMF, large quantities of insiders former

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Post# of 56324
Posted On: 05/20/2014 10:56:42 AM
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Posted By: otctrader
Watch the CMF, large quantities of insiders formerly restricted shares are being sold into the market then repurchased at a discounted value due to the selling pressure caused primarily by the quantity of shares available to MM's to sell. This is the end result of SS and with the very large quantity of shares still available to be sold into the market this type price action will continue until PPS has been driven down enough that share buyback (probably by the same insiders) once again, drives PPS up. IMO,this is not a reason to sell holdings despite the rhetoric on zoning or compliance issues (if any) which will get sorted out. This is far too large of a revenue generator not to be resolved. I know many are not into charts, but if nothing else, watch the CMF, it speaks for itself.

This is crappy business for shareholders but on the other hand it levels the playing field because you can also accumulate. Once again, watch the CMF, look for bounces at support levels in the .04 = .0414 range then again at the SMA200


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