Post by
Calgaryrider on Jul 06, 2015 1:37pm
The invisible hand @ $1.37/1.38.
This pig continues to trade with a very clear bottom of $1.37.
To me there is clearly some big fish accumulating at these levels, nice and slow, and not allowing new lows to be established.
This has been going on every time these new lows have been tested, so, several times.
Interesting stuff.
Is there an activist investor acumulating a position in CUS over time?
If I had a position in this bacon-ater, I'd potentially be holding just to see how this plays out.
If you bought at $4 or $5/sh, what's another 20%, right?
If you're new to CUS, it's nothing short of gambling....remembering that the house of cards are always stacked against you....not that you can't win, but you 'probably' won't.
Comment by
peterm on Jul 07, 2015 11:20am
First time you haven't been right. Also first time I wish you were right. LOL
Comment by
Calgaryrider on Jul 07, 2015 6:42pm
How this is still tracking oil prices is beyond me. It's again ONLY a chemicals business now.... There is evidently no bottom here. Statistically, a very interesting story after the NATO sale.
Comment by
ocean112 on Jul 07, 2015 10:52pm
it's not tracking oil - there has been a clear downtrend for a few weeks. Market worried - if no deal (they can't reach an agreement) - then 7x multiple is warranted at which point this goes to $1.05 to $1.1 for about half a year until they start slowly going back up.