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Corrections Corporation of America Message Board

  • toptalk99 toptalk99 Jun 17, 2005 9:54 AM Flag

    Opening Trade

    Hey General - was that you doubling up with a buy on the opening today?
    83,800 shares at $39.37
    Onward and upward.....

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    • tt99, you need to bear in mind that the "odd-lot" Ripper is merely a 1-star.

      Had he been at least a 2-star, he might've been able to consider investing by round-lots.

      A technical point. CXW's 50-EMA crossed above its 150-EMA in yesterday's session, while both EMAs (as well as its 200-EMA) have been in an ascending tracking, recently.

      According to master technician Victor Sperando, when a stock's 10-WMA crosses above its 30-WMA and they are BOTH in an ASCENDING tracking, it signals a "Buy."

      The General relies on the chart site to alert him to such "events." Said site does not have the capability of selecting weekly MAs, only daily ones and only exponential MAs, not simple ones, so the General substitutes the 50-EMA for the 10-WMA & the 150-EMA for the 30-WMA.

      If you go to that web site, click on the left-most top tier menu's hyperlink and input the aforementioned MAs in the places provided and check off the box to their left to superimpose same, then select the 3-months chart term and substitute "cxw" in the symbol window and click on "Go," you'll get the picture (of the 'red' line crossing the 'green' line).

      Maybe Victor or one of his devotees had the opening order. :-)

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