Post by
Money10179 on Dec 07, 2015 1:03pm
TA
what were you guys saying about the sp not following the chart? Only reflects past performance? To help guide you towards future price movement. it will keep dropping until big volume comes in to buy, until then it will continue to drop until it finds real support. My "negative ta" was spot on imo
Comment by
adamchess on Dec 07, 2015 2:15pm
Does volume become lower if investors and smart money decide to buy and hold for long-term gain? Seems like CXR should be valued over $100 CAD and US with over $6.00 US EPS. On par with Home Depot selling at $135 USD. Future growth looks good as well at high single digit, and product expansion, and pay down debts. In 5 years EPS likely $15 USD. Helloooo $$$$$$$
Comment by
Money10179 on Dec 07, 2015 2:19pm
My guess is if it sells of on low vol, the big guys are still holding as it has not yet reached their buy price yet and they r still up. Maybe less concerned over short term price movement when you are in at a good price. when more vol piles in, it will be at a point in price where they see a bottom forming. i dont think we have reached that point yet as vol hasn't stepped in
Comment by
adamchess on Dec 07, 2015 2:31pm
I was suggesting current volume may be good if a certain percentage of investors have taken their stock out of circulation on a buy and hold strategy.