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Corrections Corporation of America Message Board

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  • playthedivs playthedivs May 16, 2011 2:43 PM Flag

    Prison stocks getting beat

    Share buyback has nothing to do with this disaster, usually it is a buy signal. Both GEO and CXW started bleeding at exact same time with 20-40X volume so I believe jboneny's comment on debt ceiling may be the crux. GEO only briefly hit its 5% stops so the bleeding was controlled early. Hopefully we just turned around at 2:28. Big money is bailing on small/mid caps. Have another position with an 11% haircut today, totally sick.

 
CXW
13.87+0.05(+0.36%)Sep 30 4:04 PMEDT