RE:When to buy CXR from a technical analystHey fdfd12, interesting thoutghts. Thanks. Why $20? Why not $18 or $22 or $25, etc.? What about if reaching $20 is just short covering wanting to get out before things get worse and volume dries out making it difficult to cover a a later moment?
fdfd12 wrote: It is $13 CAN right now. This will drop a few more dollars on Monday and perhaps up $1 on Tuesday as another poster wrote yesterday. I totally agree with this.
In the long run, it, unfortunately looks like CXR will be75% bankrupt.
The only way to play this $13 stock is wait for $20.
If it hits $20, then it is cleared of bankruptcy.
Once this thing pays off its debt, it can go well over $100.
The debt is a problem, the BIGGEST problem.
Lattice agrees on that also.
Wait for $20 and don't jump the gun if you have a $2 up day to $15.
This is only a dead cat bounce.
You probably won't see $20 until the month of November (if we see it at all).
Please friends, this is a ticking time bomb and be careful.
We are here to help each other.
WAIT for $20, until then don't buy.
If 5 years from now, if it is $150, it doesn't matter if you bought at $13 or $20.
$20 is the signal that it will not go to $0.