GREY:CRIUF - Post by User
Comment by
Pandoraon Oct 11, 2017 8:51pm
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Post# 26802237
RE:research note
RE:research noteHermannHaller wrote:
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.
I did not do it on my own -- which I normally do -- I instead took my brokers advice. Your ps could be a little off base.