STMTS thanks for the chart. I see on the stochastic the %K is aloready turning to cross the %D. CEY has a history of sharp rebounds after sharp sell-offs, as you chart shows. I bought in yesterday at 2.10 and thought I was getting a bargain, but broke my rule against averaging down to buy in again at 1.805 because I feel the fundamentals for CEY are just too compelling - that and the technicals (bollinger, stochastic, RSI, although I havent checked MACD histo) indicate its in oversold territory. It might not bounce back tomorrow but it'll bounce next week.
The beauty of this company is if it doesnt bounce quickly, it will increase over time because its a solid company.
One factor I havent seen posters factor in is the strong financial position of the CEY. In this market there has to be a premium for that (well I know a few companies getting pounded for poor financial position!).
CEY Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
