RE:RE:RE:Share Price and Stuffpuma1 wrote:
we popped $30 in a fairly short time and have simply retraced 1/2 the gain. Pretty simple in my mind: TA is a fact and in this whole market has been trading more on technicals this month. We are building a new base at this range for the inevitable leg up.
I agree. CXR certainly isn't trading based on fundamentals as of late, as is the case with most stocks. Panic selling has been taking place across the globe so I fail to see the logic as to why some think CXR should be any different. The bashers will take any downward price movement, for any reason, and place blame on the company. With that being said, CXR hasn't stabilize yet and didn't respond as well as I had hoped the past couple trading days. I actually sold at $45 since I saw a very lucrative opportunity in the oil and gas sector. I made some very nice returns trading one particular stock this week (you can probably guess which one ;) I will definitely be re-purchasing as soon as I see some stability but before Q4 earnings are released. I am still as confident on my long-term CXR view as I ever was. The next couple years will be very rewarding for investors getting in at $40. Good luck to all!