In the case of Cascadia Investments, Inc. (OTC: CDIV), no phrase is as relevant in describing the company’s situation as ‘One man’s trash is another man’s treasure’.
Recently, Cascadia Investments, Inc. (CDIV) was linked to ‘Monk’s Den’, a group manipulating the stock’s price. Rumor has it that this group’s leader, “Dr” Jerry Williams, may be the company’s CEO – at least a document that went viral over the web suggests so.
This can work out in one of two ways considering we are only dealing with a rumor.
Worst Case Scenario: Cascadia Investments, Inc. (CDIV) continues on a downwards spiral and is eventually investigated by the SEC for illegal actions that may have taken place.
Best Case Scenario: The rumor proves to be false and shares rebound emphatically from current levels. Remember that investors poured in tens of millions of dollars into this market in the prior months. Most, if not all of these investors, are realizing very large losses. If the rumor proves to be false, they will find great interest in purchasing additional shares at discount prices, ie. current price per share.
Monk’s Den has been instrumental in manipulating the share price of many stocks in recent months. Cascadia, which rose from triple zeros ($0.000s) to $0.70, was one of the original ‘plays’ the group had settled upon. “Dr” Jerry Williams also created a demand for 8000 Inc. (OTC: EIGH) stock by touting its stock at double zeros ($0.00s) and eventually helping it to over $0.40 a share. EIGH was halted after the company issued several questionable statements, including announcing a dividend to shareholders (a dividend they would be unable to pay).
We’re watching for a very specific signal in Cascadia Investments’ (CDIV) market before we enter on this trade. We need a sign of confidence that the price will rebound and move to the upside before we commit to the trade – call it our ‘entry’ signal.