CBI has once again become the weakest in the sector day after day despite having the lowest P/E (JEC has a P/E 2X that of CBI).
Shorts once again own this stock and will drive it lower and lower with any general mkt. weakness.
CBI is back to being down the most and then back up the least.
Hey management....WAKE UP!
Classic "merger" to grab every last penny before the lawsuits hit.
The street is not fooled, only under water pumpers pushing the sham.
HOLD and LOSE IT ALL.
"Celladon is expected to issue approximately 85.0 million new shares of its common stock"
All the news, all the good earnings, all the positive comments from management, etc. all meant nothing.
Shorts have owned this stock for a long time and will continue to hammer it going forward.
Only something really big will cause this value trap to trade in-line with sector valuations.
Management is powerless to protect shareholder value.
Stock down nearly 25% over the past 90 days (3X the S&P).
CBI stock is just awful.
What a great stock to own.
Management should take a bow...Nice job guys.
FLR has also missed earnings the past 2 qtrs. and has it's estimates for 2015 and 2016 cut.
CBI has beat estimates and has had earnings estimates RAISED.
Does not matter....CBI has a huge short interest and a powerless management.
and down it goes.
Shorts in full control just like the end of 2014.
Ready to buy again under $35.
Management is powerless.
Relentless selling....Classic CBI trading that could/should result in a test of the $32 low.
Then it might be a buy with a P/E under 6.
Any stock with a P/E of 7 (while the rest of the sector is much higher) has a management team that is simply not doing enough.
CBI trades like a profitless penny stock bio.
Chart looks exactly like Nov. 2014.
Expect the short folks to try and push it to a re-test of the low $30's.
CBI stock is just plain awful with a management that just does not care enough to fight.
Only stock out of 35 that we track in the energy sector that is down today.
Endless supply of stock for sale at every level just like the end of last year.
Looks like a test of the low $30's is already baked.
Plenty of ways to make money with this one EXCEPT buy and hold.
Even though FLR and JEC are both up today, CBI is still down and any little bump will get dumped.
Start buying when it takes out $35 which will happen.
Shorts are again crawling all over CBI because of the weak management.
Mkt UP....oil UP....Sector UP....CBI DOWN AGAIN.
DOWN 22% over the past month and now DOWN FOR THE YEAR despite beating qtrly. earnings, announcing countless new contracts, and having estimates for 2015 and 2016 raised.
What a great stock.
Shorts have no fear of this management and know they can basically take CBI down to almost any level they want with or without negative news.