written by reader CRNT bought after the drop

By cjc612, February 14, 2020

I recently dumped a lot of my money into CRNT (5G backhaul company). Earnings just came out and EPS dropped so everyone freaked and the price went from around $2.20 to $1.81 in a couple days as the news slowly leaked. To me there shouldn’t be any reason why it wouldn’t bounce back to my trigger sell price of $2.07 for a quick return in the next week or so. Someone comment your thoughts because I keep my money in cash usually until I see move that I am most sure of. My plan B if more bad news comes is just to buy more because its a solid company with a solid contract that will drive the long term price up.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 Comments
Inline Feedbacks
View all comments
krinkle
Irregular
February 15, 2020 12:37 am

Right. We think similarly; I’m not expecting much until later in the year. However, positions are definitely being taken, and I’m finding it difficult to get in at the low price I originally took. Fortunately, I am holding plenty. I’ll buy more at 1.77 if we get there.
Good luck!

Add a Topic
6279
👍 68