HELP! Guidance Requested on CNTN

[rgrbic]

Looking to see if someone can offer their expertise on CNTN. I'm not sure if anyone else is in on this one, other than ronjeremy, but this one is just falling like crazy.

I've been trying to decipher the Level II quotes to see if I can make some sense of the upcoming movement. I got excited this morning when I saw numerous 25K bids, which led me to believe that there was going to be a buying surge. That did happen, but then before I knew it, the bid price started dropping. Am I actually making some kind of sense with this?

Now I'm wondering what my next step is...average-down or take the beating and go lick my wounds...

Thanks in advance,
Bob

[TonyM]

That's the penny stock life, music stops and no chair.

[Luc1Grunt]

Fake bids are a reality. Level II has been around a while...specialists know the drill. Happens routinely...but pennies.....Jeesh man.The only time I play them is when they are overhyped on stock forums and get in early and out just as early. TonyM cited one of my favorite lines.....better have a chair when the music stops. Guaranteed that many will not. Poor lemmings. Hope your trade goes well, honestly.

[rgrbic]

Thanks for the support guys! I know it was a bottom dweller, but it showed up on my filters! And it did what it was supposed to.

I think the problem came into play when I showed up, the music had already stopped and there were no chairs available, so I stood next to a bunch of other people that were without chairs, and kind of looked around and said, "hey what's everybody doin'? Okay, well I'll just stand here with my thumb up my ass as well!"

I'll let you know if I make it out of this one...just watching the charts right now to see where it's going to move to.

Thanks again,
Bob

[rgrbic]

TonyM / Luc - Out of the kindess of your hearts, did either one of you just make the price jump up about 6% (.93 to .99) around 2:30pm? If so, thanks a bunch! You guys rule! Anytime I can return the favor!

Bob

[TonyM]

TonyM / Luc - Out of the kindess of your hearts, did either one of you just make the price jump up about 6% (.93 to .99) around 2:30pm? If so, thanks a bunch! You guys rule! Anytime I can return the favor!

Bob

Not me, I wouldn't touch any penny stock. By the way, the word "kindness" does not exist on Wall Street.;)

[Luc1Grunt]

TonyM / Luc - Out of the kindess of your hearts, did either one of you just make the price jump up about 6% (.93 to .99) around 2:30pm? If so, thanks a bunch! You guys rule! Anytime I can return the favor!

Bob

Not this guy...I don't do pennies very often. Usually when I need to get a tax loss!! Kidding. Good luck.

[Albert0373]

Back down to .92; are you still holding on to your shares?

[rgrbic]

Hey Albert.

Oh yeah, of course I'm still holding onto my shares! I'm waiting for the music to start again! Must be some sort of power outage...I should be hearing some sweet music any time now!

...my therapist told me that this type of positive thinking and speaking will generate positive karma and... well I didn't catch the rest of what she said... I was too irritated by it and wrapped my hands around her throat!

I'm kidding...no therapist here...maybe I should have one after this foolish trade.

Thanks for all the good luck!
Bob

[kingfisher]

Let me see if I can quote a friend correctly

(losing trades=knowledge lol)

Win some loose some. Just learn from your mistakes.