CTRI hit its 52 week low yesrterday and today. looks decent for a reversal but is bck to back lows a good or bad thing? im thinking bad but im not sure. any comments would be wonderful thanks.
Posted by Art on :
Need to find out why it is so low, then assess if it is an overeaction (panic sell-off) or a justified sell-off. If justified don't buy.
Posted by swingtrader on :
http://biz.yahoo.com/iw/040211/062981.html thats the only news i can find on it and its not bad news. So i really dont see any reason why its selling off.
Posted by swingtrader on :
btw Art good pick with DIO i picked up 10,000@.18
[This message has been edited by swingtrader (edited February 11, 2004).]
Posted by jkandas on :
Art,
how do you differentiatte between justified Sell off and Panic selling. What TA to use ?
Posted by jkandas on :
Art,
how do you differentiatte between justified Sell off and Panic selling. What TA to use ?
Posted by Art on :
quote:Originally posted by jkandas: Art,
how do you differentiatte between justified Sell off and Panic selling. What TA to use ?
TA won't tell you. Have to determine the cause of sell off. Sometimes this is based on rumor, which you can't find out about, but the rumor proves true. Look at SCLD - had a sell off prior to the earnings report, which was based on rumor of a bad report, which proved later to be a true rumor. I, and many others, were not aware of this rumor, and simply thought SCLD was oversold. Now, with some panic sell off, SCLD is attractive.
Posted by weatherford on :
I've been following this stock also. May not be anything to read into, but....they have had 2 recent resignations in the midst of their stock falling......you never know whats going on??