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Corrections Corporation of America Message Board

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  • carlino62 carlino62 Nov 11, 2008 9:55 AM Flag

    Unexplained sellloff in CXW?

    I'm just starting to follow this stock. I've been waiting for it to break down soley based on macro economic conditions.

    I believe the U.S. will experience levels of social unrest that we've never seen before in the last 40 years. Gov't cannot handle what's coming. I believe this stock has a future in a future that's very scary for this country.

    I live in an affluent suburban area in N.J. and have had three burularies in my immediate neihborhood. I'm applying for a gun permit and have been told permit applications are at a high. Inner cities no doubt will become more dangerous,but the security of suburban life will change as people get more desperate.

    What we are facing in our economic future is a once in a lifetime phenomena. Life will change going forward for the worse. For those that believe this is just a rough patch and things will get back to normal soon I must say you are naive.

    I'm gonna start accumulating CXW at these levels. I'm not buying it all here because I feel their could be some more downside considering forced selling and fear selling.

    I've been a short seller for 1 1/2 years now and alot of sectors have been beat up so bad that the risk in shorting is no longer there in some sectors. MCD is the best short out there right now IMO. They can't keep giving away food causing great same store sales w/o eventually feeling it in their earnings. Don't believe the hype.

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    • I believe the reason why crime has been so low the last 10 years is because you could walk into a bank anytime and say you want a loan and they'd give you one. Why rob a house ? Why stick up a bank when you can walk in and be given the money legally ?

      This candy is no longer available. And you're right .... under Obama this is only gonna get worse. We must lock up the criminals in the future because they will be more violent as the depression worsens. If we don't lock them up and in fact let them go then we will arrive at anarchy. God help us if this is what Obama has in mind.

 
CXW
15.96+0.06(+0.38%)4:02 PMEDT