RE:RE:RE:RE:CXR isn't a stock. It's a drug! My best friend...Don't forget, classic investors will defend their stocks to the end. We have the "strong bulls". As a contrarian, I LOVE finding them. The truly strong ones have researched the company, know how many shares each insider have, know all the products, market shares by heart etc etc.
Notice here, you have NONE OF THAT! All these guys think that switching clown suits and doing acrobatics will make this thing reverse! Bullboard dynamics don't change directions of market forces generally unless the garbage is picked up by fool mainsteam media and clowns are taken seriously. It can have a huge impact on SP. So if all the multialias guys here put on short clown suits, they could drown out reason and intelligence. Happens all the the time on penny stocks and the old-timers SHtGang know this.
And let's not forget the other type of bad actors, guys are paid to pump or bash. They are brokerage clowns paid to pump or bash depending on what their bosses tell them. Sadly, I think we have more fooled investors that don't have enough experience to know better to know when to cut loses on complete garbage. Well, experience comes at a price and it's going to cost them.
Don't get me wrong. I hope I'm wrong and that guys underwater can regain something but that this point, I only see pure garbage here and I have ZERO trust for the insiders! Not with everything we know today that is FACT!
Craigbad wrote: Its almost unexplainable. So many longs were defending the company before the last earnings given the two news releases issued and said there was no way they would guide down. One long even said it would be illegal if they didn't disclose they wouldn't meet guidance! Yet, some of the same people are still here defending management and i just don't get it.
Fool me one shame on you, fool me twice, shame on me.
Cxr is a toxic drug for which the addiction is just too strong to kick for some. The denial is just as strong as with any other addiction it seems.
Blazesb wrote: My friend just won't listen! Except for CXR he is an otherwise sound and sober investor and a good one.
He'll wade through Linamar and Magna's earnings reports to weigh just which is the better buy as if it matters which, to him, it does. REIT yields, ETFs with low volatility--all buy and hold decisions for the long term--and he does just fine. Safe and sound all the way...except for freaking CXR!
"What about the oil patch?" I would say last February/March. "These things are beaten down--oil's making a bottom. Why not pick up a few and see if they'll come off the floor?" "Nope, might go out of business. Too much debt." "Well, CXR is leveraged to the eyeballs, what's the difference?" "It's a growth play. Gotta pay a premium for growth..."
Three weeks ago he calls me up and says what do you think I should do. Understand, I don't say what I say here. Instead I say 'It's your money. If it's keeping you awake at night then, as the saying goes, 'sell down to the sleeping point'.
There was a point last spring where he picked the newest bottom as his entry point. CXR was around $60. A day later he got out because 'it didn't feel right...thought about it all night'. A few days later CXR falls off another cliff down to the low forties. My friend feels like a hero. And that should have been the end of it. But nope, back in he goes, makes a few points, sells, buys again, scalps a few more points and...here we are in September and CXR is his single largest holding. His 50 grand is now15.
Don't post and say 'your friend is an idiot'. He is. He knows he is.
CXR is not a drug stock. It's a drug!