Effective Collaboration - Team Research for Better Returns: Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ItsAllCyclical who wrote (3514)	6/19/2014 6:27:16 PM
From: The Ox	Read Replies (2) of 8288

The fact that the second time CBI dipped below $67 there was massive buying is very encouraging. I would guess there will be a lot more chop going forward but it wouldn't surprise me in the least to see this trend upwards. I would also suspect that there will be plenty more "hit pieces" put out by the same firm, since they claim their target price is $30 lower. They knocked 20% off the stock in a few days and will likely be encouraged by this. Fundamentally, I'll be a lot more concerned if they start to miss earnings targets going forward. Since this short attack was based after their large earnings miss, I would expect that there will be massive weakness if their earnings fail to deliver any time in the next few quarters. Not that CBI is not the only game in town and there are plenty of other players in the space that might be safer plays at this time. I would lean towards the stocks that show more strength in their charts.....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next