The chart is identical to Nov. 2014. Despite countless new contracts and beating earnings every qtr. since the 2014 bottom, CBI is still getting shorted huge and dumped on any little bounce.
Nothing will stop CBI from heading to $30...NOTHING!
CBI is firmly in the clutches of the shorts/puts and management once again is too disinterested and weak to do anything to help stabilize the share price. Shorts have no fear of these guys.
Just the facts.
CBI is a full blown trading scam and is headed lower no matter how many contracts they announce or earnings est. they beat, or shares they buy back.
CBI IS DOOMED!
CBI trades like a profitless bio penny stock.
Thank the disinterested and weak management for allowing it to happen.
WOW....CBI is dead.
16.8+ million shares short as on 9-15....NEW RECORD!
That is a staggering 17.3% of float verses the sector avg. of 5% (despite CBI having a P/E 50% below the sector avg.).
Something is VERY WRONG!
CBI has been targeted for destruction and there is nothing anybody can do (except management...LOL) to prevent the plunge.
Short at will.
Going much lower.
Could see a P/E of 5 before it bottoms.
Lifeless value trap with a massive short position...not something anybody wants to own in this market.
JEC and FLR approaching new 52 week lows.
Despite CBI having a significantly lower P/E, it looks like CBI is also getting ready to tank back under $35.
No support at any level just like last year.
Management watched short interest go from 2 million shares to a staggering 16 million shares (15% of the float and 3X the sector average) in 7 months last year and did nothing to protect shareholder value.
Now the stock is just a manipulated toy subject to that massive short position and the options that go along with it.
Classic dead money value trap.