Drifting down on larger than average daily volumes, notwithstanding the general's gap-filling (almost hit today). Could it be possible that "knowledge of the numbers" is causing selling by some in-the-know? Maybe, maybe not. The next few days should tell.
CXW's M-C is currently shown as $1.636 billion, which would barely qualify it as a mid-cap stock. By some sizing ranges, it might still fall within the small-cap range.
Before the market's opening on 1/25/06, the company announced that earnings for 4Q05 & FY05 would be released on 2/09/06, so the last session before its published pr was 1/24/06, when CXW closed @ $43.26.
Reckoned from 1/04/06, CXW's 'peak' day (when it established its current 52-week high), here are its % declines a/o its close on the days noted. The parenthetical number is CXW's average % decline PER TRADING DAY during the subject interval:
Obviously, CXW's rate of decline since it peaked, has accelerated since the major market indexes started south. Is that because:
a) those in-the-know learned what they may have learned on the 12th, or is it because
b) the market's weakness has exacerbated what those in-the-know may have learned back on the 5th, or is it because
c) CXW just wants to tidy things up a bit and has picked this period as the time to do it, or
d) none of the above.
� While Howard Baker has achieved immortality for having asked the oft-quoted question, the author of the question was his counsel and former campaign manager, Fred Thompson, who's not only a professional actor, but subsequently represented TN in the U.S. Senate as well.
� There is an inconsistency in some indexes between what was/is reported on the Y!-F Quote site (which the General records on a daily basis) and the figures that are archived in an index's Historical Prices page. This discrepancy mainly applies to i-d-hs & i-d ls, NOT to CLOSING values.
The data for the DJI, as recorded by the General, indicates that it peaked @ 11047.76 on 1/11/06 (along with the NAZ & the S&P 500), whereas its Historical Prices archive shows it peaked on 1/12/06 @ 11070.10.
� To compare apples with apples, the General has used the figures, for calc'ing purposes, as they're recorded in the respective Historical Prices archives.
General - as usual, very thorough in detail and logic. Many thanks for your interesting updates. BTW, does this morning's quick drop to $40.81 constitute "filling the gap", or must $40.73 be actually reached, in your opinion? Just curious - is close OK, or is that still only good for horseshoes?, Now let's get on-side for a good CC on Thursday. tt99