To all my friends on this board Speaking on technical analysis, LOOK AT THE CHART BELOW. If this thing on Tuesday (Monday won't count since US is closed and volume will be low) goes below the LOW of the last 4 days ($43.31), then you have to sell if you are a short term trader.
This has nothing to do with fundamentals, just market panic.
The computers have that number as the recent low, and if that it breached, computers
from all over the cities will be selling.
Remember, we have held that for 4 days, so far. If we get there, and go lower this will go to
$40 in the same day. So it will be a -$4 day for CXR from $44 to $40.
We know the fundamentals, yes $6.50US for this year and over 100 countries etc...
Unfortunately, those computers doing the selling don't give a damn for our fundamentals.
As STOCKCOACH says, this market doesn't have it right and OFTEN makes mistakes or else all stocks would stay at the
same price and not move up and down.
Well, if $43.31 is breached, then the MARKET WILL once again be wrong and this will
drop irrationally.
Thanks for reading if you made it this far.
