The analyst for HAL are expecting a bad quarter. They announce on 17 Oct. If you can be patient until then you may get a great opportunity to pick up some CJES very cheaply. I expect HAL to drop the sector and CJES will follow. The earnings for CJES will be announced sometime in Nov. I will not be surprised to see CJES drop below the 200ma currently at 18.98 before earnings. I do expect good earnings from CJES for Q3. It seems this stock always goes lower than I expect but then again it could reverse as soon as I post this. This can be a frustrating stock to own. In any case good luck.
I am not surprised that we are at the 200ma and the lower BB. This area should offer strong support. But, the question is will we be surprised by further downside? With this stock maybe, wish I knew. In any case whatever I buy at these prices will be converted to cash anywhere near any quick bounces to the 18ma. I have to be prepared for it to go lower on bad HAL earnings and a general pull back in the markets which may reflect lower earnings for Q3.My crystal ball is getting very cloudy...
Dont forget the shorts have a lot of skin in the game. This is not the last time they will have a go at running the price down. We have to wait for the Q3 results , which i hope show increased profits due to wireline service aquisition.