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Cardinal Health, Inc. Message Board

  • markofbklyn markofbklyn Jul 12, 2004 5:35 PM Flag

    another day, another 52 week low

    guess what cah dropped again. don't worry by the end of the week the stocvk should be at 39 based on the previous drops. i belive this is just the begining of more drops for cah. i belive there is more news to come(bad) which will send the shares lower. all along i said sell. now i say more than ever sell and sell into any strenght this stock is overpriced. i belive it will hit the high teens by the end of this year.

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    • The fact that all of you geniuses are going the same way makes it inevitable that CAH will bounce soon, very soon, like tomorrow.

    • wecouldlivebesidetheocean wecouldlivebesidetheocean Jul 12, 2004 6:08 PM Flag

      Finally, some common sense to save this board from all the other Romper Room advice posted here. What idiot would try to swing trade a stock in a massive dump like this one? Do these rookies actually have real money laid down on these positions?

      I agree with your analysis, this stock had no bounce in it today and the shorts are not afraid of getting squeezed. Combined with the institutional dumping, CAH is not poised to recover any time soon.

      I'm not sure if it hits the high teens, but I would not be surprised to see it challenge its multi-year low of 28 before it's all over. Depends on what other bad news is out there--inventory write-off? aggressive accounting for acquistions? Smart money will wait and see.

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