GREY:CRIUF - Post by User
Post by
HermannHalleron Oct 11, 2017 8:41pm
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Post# 26802197
research note
research note
For those wondering why stock dropped today, as mentioned in an earlier post, there was an analyst downgrade yesterday. Q3 results are expected to be well below current street estimates due to weather. Also, there are millions of shares coming off of lock up before year end, so could be a big wave of selling in next couple of months. I would guess also likely to be tax loss selling now too.
Don't buy until 2018.
PS - anyone buying shares today might ask themselves if they should be trading stocks on their own if they were not aware of this information.