cutting losses on CRS

whodi · #1 07-24-2007, 02:37 PM

sold all 500 shares at 143.21 for a loss of 1.31 and a loss of $705

Jimmy K · #2 07-24-2007, 10:55 PM

daytrading crs? earnings should bring the stock back up nicely, think u panicked on this one bro.

whodi · #3 07-26-2007, 02:44 PM

Definitely didnt panic on this one Jimmy. That is the way I trade. I dont like to guess about earnings and my decision is looking like a genious now. Keep this in mind GOODS. You can trade a stock and study charts and have an idea of where its going, but you cant predict earnings. Its a crap shoot. If you hold AMZN into earnings, you look like a genius, but look at GOOG and now CRS. Stock is down over 20 points today.

Goods · #4 07-26-2007, 02:58 PM

Point taken. Can't argue with success.

Jimmy K · #5 07-26-2007, 06:01 PM

actually the earnings were very strong, they did miss their eps but the revenue is a record for the company, they project the rest of the year to be record earnings as well. i am very disappointed in the day it had, however, i will be doubling up tomorrow because this company is in a great position with metal prices being strong and demand from china through next year being strong.

whodi · #6 07-26-2007, 06:22 PM

GL with it Jimmy, I will be cheering for it to get right back up there.

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