RE:RE:All InThat's conviction for you! I'm in well above my limit for any stock. Did that on BTE at the lows and was well rewarded (had both a core and trading chunk on BTE as I do with CXR).
We all know the tight balance between risk and reward. Buffet, Lynch and other great investors ALL buy when people are scared and selling.
Those of us "all in" or "highly overweight" on CXR know this. There are risks but at sub $40+ on a $100+ stock, many of us are willing to wait for the storm to pass and for the numbers to speak for themselves.
That large acquisitions with the $400M free cash flow is going to start screaming pretty soon!
While we wait for the upswing, just have fun! :-) (or buy as I have been!) Enjoy the coaster ride people, that's what the whole market is becoming, one BIG roller coaster ride. If you are a long term investor, buy and hold on this one. Check again Christmas Eve and remember that at the beginning of November, this had been trading less than $40 CDN! $30 USD!!!
This isn't a smelly penny stock, just one caught in one hell of a storm but with a strong captain at the helm and insiders buying, I'm not seeing any reason to be worried at these prices! Yes, above $100, the stock was in danger. At sub $40, it's a no-brainer.