been watching this name since the ipo in 08. great company but what a terrible time to go public. after mar 09 lows i was heavy oil stocks and unfortunately never started accumulating cfx. completely missed the breakout from 14 to 22.50, constantly and stupidly refusing to chase.
after last earnings report i couldn't resist anymore and have been waiting for any kind of pullback. i think the recent market weakness has pulled it nicely off the 52wk high, and i think comparitively speaking cfx has held up fairly well in this terrible market. however i'm still not sure the market has put in a near-term bottom, and could potentially pull cfx lower too.
with further market weakness in mind i am buying very small. also the fact that i'm a broke college kid doesn't help much for volume. dipped in today with 50 shrs @ 24.50, want 50 more but just don't trust the market right now. sitting on the cash for now in case the market lets me add the additional 50 for even less.
wondering if anybody else has been buying/adding at current levels, and if not - why? i love the fact that this is a very quiet board; several very knowledgable contributors without all the spammers and bashers. thanks, and good luck.
I bought it first at around $23.50 in 2008...right before the crash. I then kept on accumulating a bit....bought a lot ~$6 to $6.50 and then enjoyed the ride.
I recently bought some more ....the day before earnings at $24.15. It has been underperforming recently (in the last few days when the market was up) but seems like the technical resistance that we observed before the earnings. I think anywhere below $25 would be a good buy...and with the market volatility could very well test the recent lows around $23...
well it seems that B of A has a reduced rating although they still hold to the same earnings and revenue. So it looks like it might be made more public soon. I decided to hold when I saw there was buying interest. Hope I'm not sorry. But the Rales Bros did a super job with Danaher!