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Corrections Corporation of America Message Board

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  • GenJackripper GenJackripper Mar 6, 2007 3:53 PM Flag

    2/07-08/07's Gap-Up was closed today.

    tt99, the General deliberately avoided mentioning in yesterday's posting what he's gonna mention here 'cause he didn't want to cause you more anxiety.

    But since you've expressed the hope that, from here on ahead, it'll be "onward and upward," he'll point out that CXW's next (still) open Gap-Up is a 12�er that dates back to 1/18/07's i-d h of $47.00 and 1/19/07's i-d l of $47.12. It was established on a volume that was 236.32% of its then 3-month ADV, so it ain't ekzakly sacrosanct.

    While, were it to occur in the near future, a dip to the realm of $47.00 to close it would take CXW below its 50-day simple and exponential MAs, it would still be above its 150-EMA, 200-EMA & 200-SMA (all of which the General tracks and records), so that prospect wouldn't necessarily violate any major "technicals."

    Hope that this bit of unfinished "housekeeping" doesn't rain on your parade.

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    • Thanks General - no rainy day parade for me.
      If it happens, it happens. My point is that this company, properly run (like now), should not be hit too hard on any recession. We'll always have close to a "full house".
      Besides, going back to our "good/bad" old days in the late '90s and early '00s, one can find several gaps up, and down, that haven't been filled. But those days, and the cost to me, and many others I'm sure, are long gone and a lifetime ago.
      Please keep on with your semi-regular "tracks and records". I do find them interesting and certainly informative - both pro and con.

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