CCO, a little more precise, buy at $24+

cco mar17 2011

Where you put your buy order is a matter of how afraid you are of being wrong. “Objectively speaking”, as if such a thing exists, $24 seems to be the more precise number. Suppose you do get filled at that level than you should expect a rebound of ( (44-24)xo.38=7.8) about $7.8 over less than 1/2 year, which happens to be about a return of 78% per annum. If the stock drops another dollar or two (to $22) it will not change the outcome one iota. If the stock does not drop below $25, your return will be zero. Simple a lost opportunity? the question is, is there another train coming by behind this one?