We are 13% down with Nasdaq this month from its high so hopefully we are near the end as the worst scenario analysts think it needs to drop towards the 15% figure. Cwr like others in the sector dropped disproportionately with others and I think it just went into well oversold territory. The last update was great but didn’t reflect into its sp as one expected but went into reverse gear with nasdaq. Selling at this level would be very unwise imo as a result of fearing it may go further down is blatantly wrong. For now I am holding strong in the three Amigos (cwr itm and afc). But watching closely this week. GL
The posts here are quite good and all have different views and valid.. Nasdaq is not far from 15% correction that was expected to hit before recovery. Next week will be crucial for this to happen if it will happen from fed to tesla q4 results … Buying cwr and others in the same sector is a gamble but having dropped so much with nasdaq expected to recover after the 15% decline reached …then the odds are favourable here to buy these shares at this relatively low valuations and RSI below 30… Contrarians could be right too but I feel our odds are better than them at present even if we see more decline in nasdaq but the rebound from there will be very strong imv..so holding or buying them probably is reasonable now….of course I like to think so having bought recently!
Today’s decline is not necessarily cwr issue but the market as a whole had a bad day obviously due to the market ongoing correction in usa…particularly nasdaq. Added far more today here and ITM before the close… Today’s was an opportunity to too up imv .. It’s bizarre to expect any of these shares to not decline in a day like this! Next hopefully we will have more positive conversation… GL holders
Wyndrum….” Dai, the RSI is in the 90's so its defo got to retrace but if there is an RSI tomorrow it could spike further. ” RSI 88 Moving average…bullish Bollinger band…the bullish trend likely to continue.. GL