CID, Cicada Ventures

 

Cicada Ventures trades under ticker CID in Canada.

There's no website we can find, or operations, however that doesn't bother us because much more importantly it hit $0.02 today, for only the 2nd time in the past 5 years, on unusually high volume:

The $0.02 print today isn't shown on the chart above, however it has happened as of this writing.

What can be seen on the chart is that volume spikes occur every once in a long while but don't typically lead to anything more significant. 

Possibly this time it's different.  We don't know, or offer any such opinion.  We can state that it's not a bad idea to accumulate such stocks then wait and see what happens. 

An example is Balto Resources (BAL.H), which is another Canadian penny stock that seems to have nothing going for it other than a chart.  And an almost 4000% price gain over the past year, when it had the type of flat-lined left-for-dead chart that CID sports now:

We're not stating or even suggesting that CID is the next Balto.  Some of these type of trades work exceptionally well while some disappear and become nothing more than a write-off, so it's important to never buy too much and to spread the risk around.

We bought CID for $0.015 and BAL.H for $0.05 in October, neither diarized herein. 

These stocks and charts are presented only as examples, and because CID may be the type of accumulation play some of our readers look for. 

If you're aware of similar charts, please send them to us.  Contact info is in the fine print below each post.

 

 

 

 



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