I sold at $38.88.
I'm thinking about getting back in.
Anybody care to share an entry target?
I think that when the debt ceiling gets raised the market will spring back some and shed the down bias for a while. Where the low point before that comes is the big question in my mind.
....And on the other hand TD Ameritrade raised CTL to "hold" from "reduce" less than 10 days ago. They said their opinion is based on consensus of 5 individual stock analysts. After the last bump up I thought we had reached a bottom. Didn't think international news would effect this stock much - people gotta have phones.
Oops..... here is the link for that explanation of today's PPS drop. Can't say I understand it completely.
ex-divvy was more than a month ago...other factors making CTL go lower vs. competition.
Earnings might come in less than forecast.
Divvy cut possibility.
Too many mergers to digest.
Need positive results for CTL to go higher.
It will be a challenge; now to figure out where the floor is with CTL, if it can hold 52-week low of about 35.
Prayer time or buy more shares at lower prices for bounce >42-48 some time in the future.