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Cenveo Inc. Message Board

  • bioanalyst bioanalyst Jan 5, 2000 9:08 PM Flag

    Current situation....my opinion

    Disclosure...I have already sold most of my MWL
    holdings a few months ago but still have some in my
    IRA.

    That being said, technically speaking, the stock
    doesn't look too good in my opinion. I believe we are
    headed down once again...this time I think we will blow
    past the $11 support level and at least retest the $10
    level. Last couple of days we have seen lower high's and
    lower lows. Hopefully this will shake out the last of
    the nervous holders of the stock and it can start the
    long climb back to the mid-$20's range where it
    belongs. Good luck to everyone.

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    • "Disclosure...I have already sold most of my MWL
      holdings a few months ago but still have some in my
      IRA.

      That being said, technically speaking, the stock
      doesn't look too good in my opinion. I believe we are
      headed down once again...this time I think we will blow
      past the $11 support level and at least retest the $10
      level. Last couple of days we have seen lower high's and
      lower lows. Hopefully this will shake out the last of
      the nervous holders of the stock and it can start the
      long climb back to the mid-$20's range where it
      belongs. Good luck to everyone."

      I still believe in
      what I said back then. I do not believe that strong
      earnings will boost this stock. Here is my scenario: If we
      get bad earnings, we drop and we drop big...single
      digits, no doubt. If we meet estimates, we stay even for
      a bit and then we slowly sink over the next several
      weeks. If we beat estimates by a lot, we take a quick
      jump upwards, maybe to $12, but then come crashing
      back down to at least the $10 region. That will be the
      bottom and time to buy.

      Just my opinion folks.
      Don't let my scenarios get you down. MWL is a value
      stock, however, and as you know by now value is NOT in
      favor on Wall Street.

      Good luck to everyone.

    • I think your TA is off base.

 
CVO
2.09+0.01(+0.48%)Feb 27 4:06 PMEST

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