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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krinkle
7 months ago

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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krinkle
7 months ago

This is a copy of my previous post regarding CRNT:

Well, I committed to the unthinkable. I listened to the missed earnings report and happily discovered that Ceragon is an Israeli company. (Lots of brainpower in the tech industry.) These people don’t sound like slouches to me, and they have the lion’s share of the world market in getting companies and individuals on board with 5G with a presence in 130 countries. India was not able to move forward as expected, which should surprise no one.

Hopefully, their backhaul Solutions are Gaining Traction in North America. I expect good things from CRNT, although it could be a while. However, I’m a very patient woman, and at $1.80 a share, I can afford to wait.

2/14/2020 I’m happy to see that I’m not the only investor who likes going out on an occasional limb, once in a while. LOL

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