Wednesday, July 28, 2010

CTYX - Today's Record Volume Could Be A Prelude To A Significant Rally

Yesterday CTYX closed at an all-time low.  The stock had been selling off in a slow deliberate manner with anemic volume even though the company has released some very positive news.

Today the selling let up and investors took the stock up 66% on record volume.  This could be the start of an impressive rally for CTYX shares.

For one almost 25% of the authorized shares exchanged hands today.  That is a significant sum as we are not talking outstanding, but the authorized share count.  This signifies some intense accumulation today and could see some carry through into weeks end.  Investors obviously feel that this stock has hit its bottom and is ready to really from current levels.

There are man things to like about this stock.  For one the share structure is ideal for a sub $.001 stock.  We've seen stocks with these same share structure run to $.05-$.06 a share.  Those were stocks with half the value CTYX has.  What does that tell you?

It tells me that the potential for a gigantic gain is there for CTYX and its shareholders.  Today's accumulation could be foreshadowing a fabulous rally in CTYX shares.  One that will take this stock to $.0015 and beyond.  That amounts to an over 300% return from today's prices.

Add CTYX to your watchlist, I think this stock is going places.

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