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Gold/Mining/Energy : Churchill (CUQ), PE of 3! -- Ignore unavailable to you. Want to Upgrade?


To: Ciao who wrote (46)7/31/1998 9:09:00 AM
From: Denim  Read Replies (2) | Respond to of 264
 
I'm far from being a pro, but here's my thoughts anyway. I hold no shares yet, but i plan to consider buying around 1$.

I just looked at the price chart from the last 12 months. Last May, the stock price topped when the company released the Q1 results. But the price had been climbing steadily for almost a full month before the news.

Right now, we may expect the Q2 results within a couple of weeks and yet, no one seems interested in buying. My conclusion is that the ones who 'know' something aren't eager to buy at current price, and we may expect at best only fair Q2 results, maybe only to support the current price.

Any thoughts?
Denim