Sneddon on CMG :)Basically, on BNN Market call to-day, Hap (Robert) Sneddon, portfolio manager
and technical analyst, CastleMoore Inc., opined on a purely technical basis that:
1.) The chart doesn't look like it needs to be sold.
2.) If considering buying, he would be bit cautious because of his views on the market.
3.) An 18 P/E multiple is reasonable for the tech sector.
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To view the segment use the following link , and fast forward to the 17:36 mark.
https://watch.bnn.ca/market-call/august-2009/market-call-august-4-2009/#clip200017
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Note: he doesn't really know the company....
2009-08-04