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Author Topic: CTRI
swingtrader
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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.
Posts: 38 | From: spartanburg | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Art
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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.

Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
swingtrader
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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.

Posts: 38 | From: spartanburg | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
swingtrader
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btw Art good pick with DIO i picked up 10,000@.18

[This message has been edited by swingtrader (edited February 11, 2004).]


Posts: 38 | From: spartanburg | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
jkandas
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Art,

how do you differentiatte between justified Sell off and Panic selling. What TA to use ?


Posts: 36 | From: hillsboro, OR, US | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
jkandas
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Art,

how do you differentiatte between justified Sell off and Panic selling. What TA to use ?


Posts: 36 | From: hillsboro, OR, US | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Art
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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.


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weatherford
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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??
Posts: 8 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
   

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