Post by
Jambalaya54 on Feb 28, 2023 11:03am
Profit taking or bear raid continues to the downside.
I have a hard time believing that any new money will be enticed to enter into SXP without thinking something is wrong?. So far, a 23% drop from it's high after excellent full year results and very decent 4Q does not appear to be slowing down? Let's see if there is a revision in the projected target price from the analysts when the smoke clears?
Comment by
HermannHaller on Feb 28, 2023 11:32am
It looks like the consensus estimate for this year has gone down to $1.12 from $1.21. So I get that momentum guys don't like to see negative revisions, but I think the move in the stock is ridiculous. I bought more this morning at $6.10. GLTA
Comment by
bucheroncapital on Feb 28, 2023 12:30pm
It's not profits taking , it could be some kind of manipulation to get some smal holders nervous and acquire cheap stocks ! I am adding bit by bit daily , it sounds like an opportunity to buy a good company with good numbers at a decent price