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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: Labrador who wrote (5631)11/9/2019 12:28:06 AM
From: richardred1 Recommendation

Recommended By
Labrador

  Respond to of 6275
 
Yesterdays 40% haircut. This for a company that should still trade at 10X earnings next year. I personally find this attractive, and yesterdays drop overdone. The company is still looking to sell some automotive assets. Upon a possible sale. This could help an IMO already stellar balance sheet. I won't mind adding to this company if conditions present themselves. IMO institutional investors were dumping. Today's total volume caught my eye. Especially block trades of 29K 24K 65K block on red ticks and a 68K block on a green tick. The company Might have some tax loss selling to go? We might get a dead cat bounce also?