CRS

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Triplethought
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CRS

Post by Triplethought »

I never got into the second lot of CRS. I notice it is at $33.57 today which is lower than many people's second lot. It wasn't mentioned in today's update (but was listed in our holdings).

Sol would you still recommend buying the 2nd lot in the $31-34 type of range? They had announced earnings since the original recommendation and are showing a loss with decline in revenue and increase in COGS (which is no doubt why they the stock is still down).

I always get nervous buying stock in a company that is losing money, despite what the graph may look like unless there are projections that get them to cash flow positive.
Current atmospheric levels of CO2 (400ppm) are much lower than 500 million years ago (3000-9000ppm).
Bionic Daughter
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Re: CRS

Post by Bionic Daughter »

I too would like to know if I should buy more shares below the last recommendation.

June 24 was the last official instruction in Market Update, "Deploy another 1/3rd in the 37 to 39.00 ranges." Then July 7 reported fills, "Fills were reported in the 37.00 to 39.00 ranges for an average entry point of 38.00, dropping our average entry price from 38.34 to 38.17"

Today it dipped below 31.5. Would this be a good buy? Or are we just hanging on waiting for it to improve?

:|
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Yodean
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Re: CRS

Post by Yodean »

I have my two lots of CRS. It's a good company.

Monthly - slightly oversold.

Weekly - slightly oversold.

Synthesis - likely some consolidation with bullish bias, prior to next leg up;
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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