RE:New Contracts! $350 million....Despite the announcement of new sales, and increased revenue (over and above initial guidance), the stockprice for CAE fell today.
There appears to be no love for this stock, and I'm not sure why.
Nevertheless, I picked up a few more shares at this price.
It's closing in on the bottom of a trading range, a pattern which it has been in for the past several months. I expect, sometime soon, based on previous trading patterns, that the stockprice will begin to move towards the top of the trading range band (at which point, I will lighten up again).
GLTA