I know there were a few stories which gave the incorrect impression of the stock's performance and earnigs, which could have affected the price for what seemed like an eternity. Also, maybe the $30 mark acted as a psychological ceiling for some people who were waiting on the sidelines.
I'm in for the long haul and don't even look at the stock price on a daily basis, but I was getting a bit concerned that we were below $30 for as long as we were. Anyway, I think (and hope) we'll continue onward and upward in 2008.
Good luck to all the longs, and I hope you shorts take it in the shorts!
Not that it has any importance or significance, but on November 29th, the day that the "technical" Buy signal was triggered, CXW traded that day from an i-d l of $29.13 to an i-d h of $30.03 high, closing @ $30.01.
If you want to check on how well Sperando's rule is working, you can check back after a month, or a quarter, or a couple of quarters and see whether it's been a good call or not.