Yes - supply and demand - more people want to sell this stock than there are people that want to buy it. I guess you need to ask yourself why you would own CVU when you can own real companies like Boeing, Honeywell, UTC.
200 MA is $11.33 - blew through that this week - not good technical action - like I said next resistance level is $10.20 - tested that today but didn't break - if it does, watch out below, we are probably going to $9.00. Unfortunately for CPI management, there is really only one thing that is going to move this stock - that would be good earnings when they report in early June. Until then, the market is in a wait and see mode - and rightly so because the "results" just never come through. They can publish all these silly press releases they want about "$3M orders from Textron".....but at some point they need to convert this stuff to EBITDA. But if it makes anyone feel better, I have upgraded this from strong sell to sell, based upon the 25% drop in stock price. I'll upgrade again to hold at $9.00.
Wouldn't you be quiet if your chart looked like this one? Back down below 200 day MA. Next resistance is $10.20. Expect to see it there before next earnings release/end of May.
Honda Aircraft Company announced today that the HondaJet has received provisional type certification (PTC) from the United States Federal Aviation Administration (FAA). This achievement indicates the FAA’s approval of the HondaJet design based on certification testing, design reviews, and analyses completed to date.
“Provisional type certification for the HondaJet is a tremendous milestone for the program, and we are pleased to reach this significant step toward customer deliveries and entry into service,” said Honda Aircraft Company President and CEO Michimasa Fujino. “Honda Aircraft has completed nearly all of the testing and reports required by the FAA, and we are very close to achieving final type certification for the world’s most advanced light jet.”
A provisional type certificate is a design approval by the FAA and is common for business jets when final certification is near. Honda Aircraft has demonstrated that the HondaJet is safe for flight and meets the airworthiness standards defined by the PTC.
Melvin Taylor, manager of the FAA’s Atlanta Aircraft Certification Office (ACO), said: “It is a pleasure for the Atlanta ACO to issue Honda Aircraft Company a provisional type certificate for the Model HA-420. It is a milestone event for a first time aircraft manufacturer to receive its first type certificate
What the heck was that? The Q4 results are a total joke. Mgt is hiding behind A-10 to create some fuzz. This company is a mess, management must go. I can't wait to hear the dance tomorrow morning at the conference call. This stock price will go to single digits soon- who is stupid enough to own this stock? Certainly not management - they just create confusion, and make silly charts that say everything is beautiful and wait until next quarter again.
Sentiment: Strong Sell
CPI Aero Inc., Edgewood, New York, has been awarded a $49,000,000 indefinite-delivery/ indefinite-quantity contract for T-38C Pacer Classic III aircraft modification kits. Contractor will provide 74 aircraft kits used for structural modifications to sustain the T-38C Aircraft. Work will be performed at Edgewood, New York, and is expected to be complete by Feb. 23, 2021. This award is the result of a competitive acquisition with four offers received. Fiscal year 2014 aircraft procurement funds in the amount of $5,642,202 are being obligated at the time of award. Air Force Life Cycle Management Center, Hill Air Force Base, Utah, is the contracting activity (FA8211-15-D-0001).
Shun: Transitive verb. to avoid.
After the in over his head CEO spoke at the investor's conference and bored them with overly voluminous and repetitive childlike slides, the investment community continued to shun this stock. Much like it has been shunned for the past 5 years during a roaring record setting Bull Market
Sentiment: Strong Sell