Post by
fdfd12 on Aug 13, 2016 8:38pm
When to buy CXR from a technical analyst
It is $13 CAN right now. This will drop a few more dollars on Monday and perhaps up $1 on Tuesday as another poster wrote yesterday. I totally agree with this.
In the long run, it, unfortunately looks like CXR will be75% bankrupt.
The only way to play this $13 stock is wait for $20.
If it hits $20, then it is cleared of bankruptcy.
Once this thing pays off its debt, it can go well over $100.
The debt is a problem, the BIGGEST problem.
Lattice agrees on that also.
Wait for $20 and don't jump the gun if you have a $2 up day to $15.
This is only a dead cat bounce.
You probably won't see $20 until the month of November (if we see it at all).
Please friends, this is a ticking time bomb and be careful.
We are here to help each other.
WAIT for $20, until then don't buy.
If 5 years from now, if it is $150, it doesn't matter if you bought at $13 or $20.
$20 is the signal that it will not go to $0.
Comment by
PANAGONINVEST on Aug 13, 2016 8:51pm
Hey fdfd12, interesting thoutghts. Thanks. Why $20? Why not $18 or $22 or $25, etc.? What about if reaching $20 is just short covering wanting to get out before things get worse and volume dries out making it difficult to cover a a later moment?
Comment by
fdfd12 on Aug 13, 2016 8:54pm
$20 because the first digit begins with two (2), It is a physcological barrier that has been broken which is the teens as in 19. If this stock can go from $13 to $20 (50%), then the damage is behind it. It is a sign that things are better now. $18 or $22 is OK too. I am using a new digit in 2 as in 20 dollars.
Comment by
Leoc378 on Aug 13, 2016 11:32pm
Thank you fdfd for your post, very insightful and useful going forward. one thing I would like to ask, is the 75% bankrupt long term is based on their debt. Thanks again.
Comment by
fdfd12 on Aug 14, 2016 6:39am
Yes yes what they are earning is not enough to pay their debt.
Comment by
Marky1 on Aug 13, 2016 8:55pm
Thank you for the heads up! I'll wait for $20 then! GLTA
Comment by
frankbanker on Aug 13, 2016 10:10pm
Can you give us the lotto numbers too Nostradamus? Lol
Comment by
fdfd12 on Aug 14, 2016 6:49am
People said the same thing when I said sell below 25. Signed Nosradmus