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.

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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!

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