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Corrections Corporation of America Message Board

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  • guywithbaldspot guywithbaldspot Dec 10, 2007 9:17 PM Flag

    Onward and Upward?

    Thanks for the response General.

    I know there were a few stories which gave the incorrect impression of the stock's performance and earnigs, which could have affected the price for what seemed like an eternity. Also, maybe the $30 mark acted as a psychological ceiling for some people who were waiting on the sidelines.

    I'm in for the long haul and don't even look at the stock price on a daily basis, but I was getting a bit concerned that we were below $30 for as long as we were. Anyway, I think (and hope) we'll continue onward and upward in 2008.

    Good luck to all the longs, and I hope you shorts take it in the shorts!

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    • You are welcome, g-w-b-s.

      Not that it has any importance or significance, but on November 29th, the day that the "technical" Buy signal was triggered, CXW traded that day from an i-d l of $29.13 to an i-d h of $30.03 high, closing @ $30.01.

      If you want to check on how well Sperando's rule is working, you can check back after a month, or a quarter, or a couple of quarters and see whether it's been a good call or not.

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