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Does anyone know any fundamental reasons why CHP dropped from 61.38 (7/5) to 45.06 (7.18) or why it is, as of 11:00, at a day low of 45 1/2 retesting that low? All the news I can find is good including Value Line's 4.21 statement. Fortunately, the 45ish lows are above the 50 day moving average and near the important 6.12.00 high of 45.13.
Thanks for your response. My Telechart 2000 charting program does show a 6.19.00 split so I believe I am taking it into account. The day low, as of 11.30, of 43 3/8 does violate some support. Are there any fundamental reasons for this drop that anyone knows?
I haven't bought in yet and am happy its dropping. Great company and earnings growth ahead. It just split ,had a pre earnings runnup and now profits are being taken. The lower it goes the more points to be made on the way up on the next rise. Hard to figure when the bottom will be hit though.
Should we sell too? Stockjungle.com's Community Intelligence Fund just sold 1200 of chp at 34 1/8. I'm not sure of the exact details, but the fund is in some way derived from a community that numbers in the ten thousands. See for yourself: stockjungle.com