Silicon Investor (SI) -- The First Internet Community

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: -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3486)	6/13/2014 2:53:22 PM
From: ItsAllCyclical	Respond to of 8288

CBI - Buffet owns almost 10%, diversified business on several levels, 3 yrs backlog, room to grow divvy and management acknowledges this. Good earnings growth and balance sheet looks fine. This was on my watch list a year ago but didn't pull the trigger. Yes I think it could fall further on profit taking and market pulling back, but bought an initial position here. Probably 1/5 to 1/10 of what I might like to own. If it goes up and I don't accumulate enough - oh well, but gives me room to add more on dips and keeps it in my mind. In general w/a stock that's falling hard I agree, but I don't see any major red flags. Up a lot in last year so I think it's more profit taking and fears of it's business being cyclical. TA wise still in channel, per H&S formation 70-72 could be seen ST, but then we should get a rally back to here or 77 prior to a bigger breakdown to 65 imo. I think a lot of buyers would be lined up around 62-65 if seen again. Ended up adding more ECA earlier today. Think it's getting a benefit as a laggard w/in energy, value play and bringing more oil to it's mix. Thanks for your feedback.