Post by
JustforFun7 on Dec 07, 2015 11:27am
Shame to give this all back
getting pulled down with the market in general? Weak because of the high debt and uncofirmed net income to pay it down? Downside exaggerated by computer algos who make up most of the market and trade a trend direction until it is way over done becuase they don't know when to stop? Tax loss selling?
Watch for a crazty run back up in the other direction as soon as some new money breaks the direction. Unfortunately if this is being pushed by energy break down / market breakdown (coming off highs in US again, fear of Fed decision effects)), this could go alot lower until the earnings come out.
The energy breakdown was foreseeeable once OPEC decided to keep the spigots open. Reserves have to be written down, some companies have to be crushed so that future oil production does not spring back once oil prices move higher.
JFF7
Comment by
Money10179 on Dec 07, 2015 11:31am
thats what i think too. the scary thing is there are no clear catalysts in the near term for cxr and a lot of doubt. Add that to negative TA and it doesn't look good. My guess is MT knows what the chart is saying and thats why he is scheduled to be on bnn (which every ceo does when their stock is tanking)
Comment by
Marcel7 on Dec 07, 2015 11:39am
1. MT does not look at the GD chart buddy. I would like you to show me a quote from a SINGLE CEO talking about the chart of their company. He is too busy running the business and making money to watch the TA. Idiotic. 2. Mondy10179 said this regarding his advice to sell into this being self-serving:
Comment by
Money10179 on Dec 07, 2015 11:42am
wether or not he is looking at the chart, I can promise you he is aware of the stock price!
Comment by
Marcel7 on Dec 07, 2015 11:45am
Of course he is aware of the stock price. He bough a million dollars worth at not much lower than this.
Comment by
Money10179 on Dec 07, 2015 11:48am
What is a CEO's job again? Oh yeah... To get maximum returns for shareholders
Comment by
Money10179 on Dec 07, 2015 11:46am
like i said before, i don't care what anyone else does (sell or buy). i am not against this company, nor am i a basher. i am positioned to gain or breakeven either way right now. I have more calls than puts so it would serve me best if this went up actually lol