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Bullboard - Stock Discussion Forum Counsel Corporation CXSNF

A financial services company

GREY:CXSNF - Post Discussion

Counsel Corporation > quite often an unexplained run up to a new high
View:
Post by gibbonsj on Apr 29, 2015 1:08pm

quite often an unexplained run up to a new high

will be followed by a retracement of as much as 30% after which sp recovers 10% or so and if it is a good company sp will edge up from there. Let's see if this applies. We're off the high by 24% as of today but thin volume is misleading, 100 shares moves sp a lot. The thing to do is look at the 6 month chart. If the trend is up then all is good. I may have posted that view before. That of course does not mean booking some profit is a bad thing to do.
Comment by alltruth on Apr 29, 2015 1:34pm
charts have nothing to do with this stock...this stock currently trades on momentum which is why it hit $3 originally and why it recently ran up .80c in 4 weeks only to fall agressively again...the masses dont know anything about CXS yet and until they do fundamentals don't apply.  This stock should trade at multiples higher than it does as a growth story...it won't trade at those ...more  
Comment by gibbonsj on Apr 29, 2015 1:50pm
LOL, I'm not talking charts I'm talking decades of experience. Still I think you're such a sly little cutie pie. The first rule of using multiple aliases is you simply have to keep them straight.
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