Sorry to see your CGC earnings guidance. It is always painful when this happens but that is the price we have to pay for the higher returns equities provide. I am yet to find a reason for the moderate fall in the GUD price. Ironically enough I bought a decent chunk of GUD in the $11.30s yesterday morning and gave myself a pat on the back for acquiring something I thought was well priced. This reminds me why I am not a day trader.
There have been no updates from GUD and similar companies such as BAP have not been impacted by a similar fall. My guess would be a broker downgrade. I still can't understand why everyone rushes to the exit on a broker downgrade, as past empirical would suggest brokers are no more able to pick share price movements than the market as a whole. I actually think there may be some market inefficiencies around broker sell/buy calls and trading against these calls could produce market beating returns.
Curious to hear if any other posters know of the reason behind the 10% odd fall on no news?
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Sorry to see your CGC earnings guidance. It is always painful...
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