Unlike most posts I have read I try to offer a little analysis with my posts. I spend 2 to 4 hours each day researching stocks. And I realy like chx. I am hoping for record profits. Year ago EPS was 1.49 and this year estimate is 1.40. I think it will beat estimates for each quarter; I would love for it to beat the
.68 of sept '97 but I doubt that will happen. Will chx beat 1997 eps of 1.49, most likely. I never want to post all hype. We will find resistance through the 17's and serious resistance again at 20, regardless of earnings. CHX ain't AOL. Once we are past 20 at about the 24+ level we need a split announcement to ever see 26-30. However, like any stock sometimes earnings doesn't matter, momentum and director timing is key. In the past thirteen years they really have never had an opportunity to do any thing like this with the stock. It will be very interesting to see how it is handled.
Do I plan on buying more chx? yes Has volume the past couple of days bothered me? yes Do I like the fact the stock is up 3/16 ? yes When do I think we will see 20 ? End of summer rally
Caution statement: Remember I'm just an ol ag teacher from arkansas and this is only my humble opinion. By the way I do own some AOL and hell yes aol is overvalued--it is and will be a momentum play. Hype, hype and more hype...but you've got to love it.