Perhaps it was due to Craig's downgrade valuation to $2.29
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What was Craig's basis for a $2.29 valuation. Even PT had an 18cent dividend (I ignored the even worse case scenario.)
As TV's and computers start coming together most of the content might eventually come down the fibre and the network will be a near monopoly except in the big centres.
Almost certainly a good business (imo) but I guess the question of regulation and cost of construction are two very big factors that might make it expensive at these prices.
Disclaimer; hold(way more than I should) I guess time will tell. Should have listened to Phadreus though and waited for a turn in the price.
Well, this is not advice, but the chart displays a well defined downtrend, with lower highs and lower lows.
i personally wouldn't enter until this trending changes direction
Sitting on a 12.8% loss at the moment with an ave buy price of 2.71. This stock is getting a beating, entry point is difficult. I thought my buys at 260 ish and 275 ish were good, but timing the market - you know what they say. All you can do is buy more if the price drops and you invesment reason hasnt changed - long term CNU is a buy in my books. I have taken a risk regarding comcom, but i think it will be more in favour of CNU shareholders than the $8 mark.
Have you heard the announcement from the Feds?
I know people sort of dislike the discussion of macroeconomics because they feel the thread has to be micro-focused on CNU itself, but this is once again an event to show why such micro-focus may not be good enough to understand what is going on.
Not that an event like this determines the future of a company forever, but if you come here often you probably are not the type of people that can just leave the share you buy alone. Under that frame of reference, I stand by what I said earlier about the coming back of strong dollar which would affect all shares in the world. Brokers and speculators would be a lot more careful in their speculative-based investment activities. When there are too much money circulating around, people are less cautious about their decisions. Therefore this is exactly what a healthy economy needs right now, a return to rationality and correction.
If that is the trend coming, then I will think twice about putting money to CNU regardless if someone is saying how cheap they are. Cheap is relative to circumstances; in a tightening cycle of the monetary policies you cannot use the same judgement as when you are living in an expanding cycle.
P.S. Some people suggest the market is irrational; the market does not think at all so it is an irrational thought to think about the market in that way. The market only reflects actions, and even we cannot determine the thinking behind those actions we could check if they align with our own belief. For me, I check OGC as proxy of gold and FPH as proxy of USD; and right now they are pretty consistent with my belief since the beginning of this year.