Looks like some funds are dumping. Option interest at $65 is only 2700 compared to over 11000 at $70, so I don't think its options pinning. Possibly it could concern new laws for work visas or temp workers. CTSH raised their guidance but maybe not as much as expected. End of day should tell. $62-63 should hold - looking to sell 62.50 Puts.
Gee I didn't know the buy back was finished. Keep shortin' and the buyback will take your money.
What funds? How much are they selling? No facts in your post. If funds were selling the volume wouldn't be so low. Funds sold a long time ago.
Thing is priced like a bond. Quebec pension plan doubling their stake(google it), Ontario Teachers pension plan starting a position, both are two of the largest, best performing pension plans in North America. Mutual Fund managers are like sheep.......
I wrote this post almost three years ago. Your really digging up history. I have traded the stock many times since. I just bought again at $32.90 two weeks ago. I don't hold gold stocks for long periods I like to play the seasonality trade.
I am long but hedge with calls and puts. I think we'd be lucky to hit $515 by June with a divi increase and better earnings. That's a BIG if. It can take a long time for a stock to repair itself.
in most countries he would be, except the U.S.
Its amazing how you always hit the absolute highs and lows. Its actually statistically impossible......