GREY:CXSNF - Post by User
Comment by
a4shahon Nov 06, 2013 7:39pm
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Post# 21883126
RE:Fabrice bought more
RE:Fabrice bought moreYeah, I bought some as well. Usually, people put in a lot of stop losses on companies that have had a good run. The big guys can see this and they hit the stops allowing them to accumulate shares of a solid company at a cheaper price. As these "weak hands" are shaken out and stops cleared, it allows for the stock price to resume the upward momentum as very few sellers remain.
Also, HCG just reported excellent results. Even if CXS meets it's expected results, it will be a 150% growth rate (per share) compared to last year. If it beats by a penny, earning will have tripled as compared to last year.