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Compass Diversified Holdings Message Board

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  • mthiker2004 mthiker2004 Jun 17, 2009 10:37 AM Flag

    Whats going on with the last two days?

    I think a very small part of today's move was the result of the breakdown of $7.90 resistance. $7.90 held for two prior price declines, so when 7.90 broke today, I'm guessing a lot of sell orders hit driving it down more.

    I think the most likely news will be an acquisition announcement soon, which I consider to be favorable news, not negative news.

    I've owned CODI for a while now, added at 8.35 and will add more in the low 7's, assuming it goes there, which I think is likely with the current downward momentum.

    Good luck to all.

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17.87-0.24(-1.33%)Jul 28 4:00 PMEDT

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