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CE Franklin Ltd. (CFK) Message Board

  • rcch12342003 rcch12342003 Oct 12, 2005 2:54 PM Flag

    What a sell-off today

    Increased oil price. Increase activities in Calgary. Projected good earning. Oct 27 CC. Among all this positive news, the damn stock is down almost a dollar. Does it mean it is going back to $8.00. Somebody knows something that we don't know. What is going on here ? I am going to sell all my holding to drive it back down to $8.00.

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    • < Does it mean it is going back to $8.00. Somebody knows something that we don't know. What is going on here ?>

      It's called a bear market!
      The S&P, Nas and Dow are all broken (TA)... the mentality is now "sell the rally", no longer "buy the dips".
      Set targets at the low end before you buy and adjust daily... IMHO.
      Look for good companies to get very cheap... example: CFK $8.60/$9.40 range would be nice :)

    • After a nice short-term trade yesterday, I see this no-news blowout as another opportunity. Risk-free? Of course not. But still worth the 5K I bought at 9.99 and 10. I see no reason beyond volatility and speculators' fear to justify the decline.

 

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