CURA and New Jersey Swan EventThis is one of those swan events that no one expects and comes right out of left field. It seems to be politically motivated as the vote was 2 to 1 with 2 abstaining (hmmm). The impact on the stock price is devastating. Combine with the fiasco of the release of the financial statements and this could hit the $2's when the statements do come out. Oops, just hit new 52 week low and did go below the $3's ($2.97) on large volumes. Shorts are in full control mode.
If you are considering an entry point to increase your position, wait until the financial statements come out and the dust clears on this current mess. I may buy a little more then, but do what you feel is comfortable given your financial position. Don't listen to pumpers like blackspade who tell you it's time to buy, time to buy just days ago. This is still a great company and my largest position, but now is not the time to buy in my opinion. GLTA