RE:RE:Wow - This why you use stop losses
I think your right. However when Iranian oil hits the markets WTI "could" tank to under $40. Whether it should or not COS tends to follow the price of WTI.
Also there seems to be no shortage of COS holders willing to unload thier shares like a hot potatoe. It doesn't make a lot of sence to me though thats what makes a market - stocks overshoot on the upside and downside.
Right now COS is probably overshooting on the downside though this has been a wicked downtrend with a lot of velocity. No telling where the bottom is for sure. Could even be we already saw it.