|
Sir, how could you come up with such a 2X or 3X number? The estimated earning for CPTL is about $0.77 (it is still a forcast and uncertain) for next year. The earning estimates for CPTL have been very accurate and come to the same or within $0.01-0.02 in the past several quaters. Given a P/E of 20 for communication companies, I could only see CPTL a $15 stock. If my memory serves me well, CPTL was a $8+ stock in less than a month ago. How many people would be so happy to sell for more than 50% profit in such a short time? I guess a lot. So, a big selling, if not fast falling, would be the most likely in the next a few days, perhaps Monday. It might go back to $9.5-10. I do know CPTL is a great company with good management, and will very happily long CPTL. But I am thinking exit on Monday, shouldn't I? Anyone comments? |
