Although I would not really call CLMT a dead cat, I do think the bottom has not been reached. I looked at the charts and saw some support under $27. I think there was another post earlier that said somewhere above $26. I have been wrong before but I think we will at least test the other day's lows.
This cat is not dead(CLMT). This Co. may suffer set backs, but it has always landed on four feet, my largest gain in my portfolio today. A solid Co. with proven leadership, looking forward to see what the future holds, Lord willing, for anyone on the fence, give this Co. a chance, I believe You will be happy you did, GLTA Longs!
Investment decisions like most other choices involve probabilities. I've decided, macro risks considering, that the downside for CLMT is now offset by the long term potential. Previous sentiment was hold. I bought more today.
I would like to buy but i think it is too early, that chart is ugly, way below 200 day moving average, 20 and 50 pointing day and might cross 200 soon; was oversold and now starting to rise on the macd; and seasonally the stock market is weak through sept/oct; would rather watch and wait; i think 26-27 is more a support level
You are wrong. Every huge dip on CLMT has been bought up nicely thanks to the sound fundamentals of the stock. I expect us to be around $32 before Sept. I'm sure these last few days have been painful for your short, can't wait for more shorts to burn as CLMT keeps on trucking towards $35. But keep deluding yourself that it'll go down, if it helps you sleep at night.