Someone's view on CSHK, though it was interesting: from StockDD
Here are my two cents why this stock is not "taking" off. . .
1. The press release, while public, was already known by people here and on SI that it was coming. We
knew the software worked according to independent evaluators. The price might have already
absorbed that part of the release's impact.
2. No hype here or elsewhere. No posts like "BUY BUY BUY CSHK!!!!!!!!!!!!!" I personally find
that to be great. When the price runs up ahead of reality, people might burned in the process. We
essentially scare away long term investors.
3. Day traders follow the maxim, "sell on news" and they did, and I'm glad some of them are gone. . .I
hope.
4. This press release didn't have any numbers. How could it?!?!? This stock will start it's steady climb
as the software and kitty litter go to market, deals are signed, and money starts coming in. Until then, we
are all buying in now at these cheap levels.
I for one, picked up some more shares. We can all agree that when the products begin to sell, we will
then see the price increase. Until then, the price will probably fluctuate a bit. I like where this company is
going. Maybe the slow rise that will come will deter the day traders and keep in the investors. |
