Post by
YouLose on Mar 11, 2016 1:04pm
Filling the GAP... afternoon target $43.50
We had a good day today with CXR gapping up in the morning and rallying above $46 for the first time in a while. I have to say, nice to see! Three cheers for our favorite stock!!!
We should be remember though, more often than not when a stock gaps up like that, the gap gets filled before the end of the day. This is something day traders are very aware of and always watching for. When we have a big gap like today, that can mean a drop down of over $2.50 per share!
That is why I sold some of my shares earlier, to protect against this drop. If the gap gets filled I will buy back in. If not it might fill on Monday, but usually a gap doesn't go unfilled for long.
I hope some retail investors find this information useful, I have no doubt I will be attacked by the pumpers for this post, but remember, they can try to control this board but eventually they will go away and us retail investors will be free to discuss the stock without fear of bullying.
As always do your own DD.
Defender of the Board,
YouLose
Comment by
fdfd12 on Mar 11, 2016 1:09pm
LMAO that is too funny. Yes good job Youlose. That was a good attempt at technical analysis. Most gaps do get filled B U T this gap is from 42.80 to 43.89. That is .09 and since it is very small, this gap may or may not get filled. I have seen a bigger gap on Facebook at $25 that has not filled yet and the stock is over $100.
Comment by
fdfd12 on Mar 11, 2016 1:11pm
correction 43.80 to 43.89
Comment by
YouLose on Mar 11, 2016 1:16pm
Well, $43.80 is still a very lone way off from the current price. Just saying if that gap fills we could lose over 5% of current stock price. Defender of the Board, YouLose
Comment by
fdfd12 on Mar 11, 2016 1:21pm
What do you mean "we can lose". You can't lose cause you sold. .09 is negligible if you knew anything about technicals. Only was this gap will fill is if the market goes to -100 for the day from its current position.
Comment by
Pj1958 on Mar 11, 2016 1:33pm
NUTBAR...you are just hoping , cause your kicking yourself in the a$$ for selling this AM. We may backtrack a bit....but Im not a trader , I'm a holder since almost IPO , and beieve in CXR.
Comment by
sunshine7 on Mar 11, 2016 1:16pm
Ulost wrote: "As always do your own DD" ... smartest thing you have every said. That lets U and us pumpers off the hook doesn't it. It also explains the recent climb in share price.
Comment by
Pj1958 on Mar 11, 2016 1:28pm
NUTBAR....We are not going away, as we are holding for the long term....on the other hand you sold so FO
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