Stock got hammered for several months following.
Let's hope this time is different but CBI never gets the benefit of the doubt and stock could go either way.
CBI always seems to take a hit on any negative news from those guys (see "flash" crash from a few months ago).
Hopefully CBI will address market concerns tomorrow and hopefully there is no bad news already out there.
CBI could really get wacked if any negative surprises.
But it does not even get it back to where it was trading just 7 days ago.
CBI gets pushed around like a penny stock and those July 17 Put numbers are just insane.
Hopefully sanity returns next week.
Here comes the next assault on $45.
CBI is trading just like it did for most of 2014.
Order news, earnings, buybacks, etc. mean nothing. CBI is a goldmine for shorts/puts and the stock has no bottom until they are finished.
If you are long, just forget about it until after July 17th and then see if it begins to trade "normal" again.
They announced they would buy back at least 10% of outstanding shares in 2015/2016.
Shorts/Puts still clearly stepping on the throat of CBI but management could break their backs with aggressive buying here.
The big Anadarko Petroleum/Mozambique LNG Development new from 2 months ago has now been completely discounted in the share price.
Shorts/Puts are clearly in control right now but that will come to an end and CBI should rally hard in the coming months.
WOW...They really want those $45's.
Crazy how easily this thing tanks considering all the high profile big owners.