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Today's plunge without news to 6.87 strikes me as excessive. Following the satisfactory Q2 there's probably been a bit of portfolio balancing, selling on the news, or simply stepping away from a stock without events on the horizon. And now, in addition to all the post earnings noise, which seems to have occurred without significant volume, mainstreet is beginning to hear about the inevitable prospect of rising interest rates. The fear around this prospect will probably be with us for some time. At some point, which may arrive sooner than later, when the inflation content on financial news sites starts to crowd out recovery metrics we should probably put bets on the other side, and continue to expect further above average equity appreciation, based, in part, on the salutary effect low capital costs have on stock multiples. For my part, will continue to add to long position in CBK, as long as we remain above 200 day m.a.
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Going forward with CBK into post crisis
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vanveldino | (1 Rating) | 30-Sep-09 03:25 am | ||
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That was a bizarrely interesting and yet very bori...
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michael_opp... | (1 Rating) | 30-Sep-09 11:10 am | ||
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You call Q2 acceptable after a 75% drop in ea...
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mnlonelybri... | (2 Ratings) | 1-Oct-09 12:14 am | ||
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There is something called the Great Rece...
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mrclean8240... | (1 Rating) | 1-Oct-09 03:44 pm | ||
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BS - They themselves have been usin...
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michael_opp... | Rate it | 6-Oct-09 08:33 pm | ||
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I couldn't have said that better myself.
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michael_opp... | Rate it | 22-Oct-09 01:19 pm | ||
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Still holding (barely) above the 200-day m.a. (6.2...
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bramybravo | Rate it | 15-Oct-09 03:23 am |
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