Post by
KnowledgeSeekr8 on Oct 13, 2016 5:15pm
Q3 results are the make or break now
Now that the strategic review is over and yielded very little positive news after almost half a year. If these Q3 are not at the very minimum in-line with expectations I've got a very bad feeling we will be seeing $2 - $3 on this stock by years end. There isn't much hope for us if they come back with declining sales, profits or further write downs. Just one of those 3 and I predict we will see another one day 40% dip from where ever we are by then. I, like many of you, am down so much now that I don't even see the point in selling on the very slim chance there is some type of rebound in the next 12 months. GLTA longs out there that have been put to the test.
Comment by
MustardTiger88 on Oct 13, 2016 5:26pm
I'm down almost 90% now so I'm with you, no point in selling now. This stock doesn't follow fundamentals at all. Even with the write-downs, declining sales, etc., this stock is still worth much more. Sentiment is what has depressed it to these levels. No company with revenues close to $1 billion trades at $4.
Comment by
PROtrading on Oct 13, 2016 5:52pm
Enron did... You're saying you are willing to burn the rest of your market value on this stock? Guys, do you think the court appearances will yield anything positive?
Comment by
Juice004 on Oct 13, 2016 5:36pm
It's all going to depend on the future outlook and if there is another writedown in Q3. If they miss sales or earnings in the quarter I don't think it will matter much. Good luck to you too buddy
Comment by
smallshort on Oct 13, 2016 7:33pm
Marky1, have you ever gone through one that didn't make it? Several longs here this with a commodity based stocks, like AR. AR hit lows min January 2016 like all resources stocks but rebounded to better values but CXR is not commodities based. And are you still listening to BNN for investment advice?
Comment by
YOLO77 on Oct 13, 2016 7:40pm
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LaticelnExile on Oct 13, 2016 7:44pm
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LaticelnExile on Oct 13, 2016 8:18pm
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Comment by
rad10 on Oct 13, 2016 7:41pm
Marky - stock market is not for you as a physician I would advise you to stick to indexing or GICs. By the way - it might NOT come back......................