Post by
Scruggstyle on Jan 23, 2016 2:34pm
Share Price and Stuff
I've been having great difficulty thinking of anything useful to post on this board, as of late. I am a fundamentals-based thinker. In that respect, I am very impressed with everything that we do know or have been told, conce ring curgent aND future opwrations. Usually, Stockcoach posts what I am already thinking, and I could simply post "ditto" , and it would suffice. As far as the recent stock price movement, I am convinced that (in this current void of earnings information) it can be almost totally attributed to automatic trading algorithms, based mostly on momentum. On this point, I agree most with fdfd12, in that there is probably no variable that you can think of that can't be written into these algorithms - including movements in the IBB. This style of trading seems to be the latest craze. For those of you who haven't followed it much, take a visit to the Quantopian website, or google the Sept 4, 2013 article in Forbes magazine, titled "Quants-R-US? Algorithmic Trading Trickles Down To Individual Investors". As i've said, I believe that fundamentals wI'll rule - over the long-term. I am not shaken by short-term price movements. Although I have managed my own portfolio, in the past, I am now working with a wealth management firm, a partner of which most of you know. We talk on a regular basis, and they are following CXR very closely. I have a substantial amount of hard-earned money invested in this company, and as far as I know and believe: it is "full steam ahead". Longs just need to be patient. P.S. fdfd12, you are probably correct, in that it may take even longer this time to get the financial reports together for Q4, given the recent business combination. GLTA Longs
Comment by
Scruggstyle on Jan 23, 2016 3:16pm
P.S.: I hate this b.s. automatic spellchecker.
Comment by
puma1 on Jan 23, 2016 4:13pm
we popped $30 in a fairly short time and have simply retraced 1/2 the gain. Pretty simple in my mind: TA is a fact and in this whole market has been trading more on technicals this month. We are building a new base at this range for the inevitable leg up.
Comment by
cavinsin on Jan 24, 2016 11:36am
slightfan, future direction of the company will not be determined with the next quarter, It will take few quarters, to see how new acquisitions are parring out. At least that's how I feel about it.