I think all the recent posters on this topic have included their analysis of why they think this stock may well fall further in price in the short term.
Most of this has been based on technicals rather than fundamentals - but in summary, the points raised by previous posters are:
- that the share price remains in a downtrend; - there is no support level at current prices, but there is potential support at lower price levels; - a fib retrace might suggest that the turning point will be at a lower level than current prices; and - volatility in global markets makes now a difficult time to trhy to pick turning points in stock prices.
And just to clarify my personal position - I don't see this stock as a sell, but I wouldn't buy it at the moment either. There's just too much uncertainty and volatility - and I don't think there's any harm in waiting a bit longer for the picture to become clearer in relation to COH.
I expect the share price performance of COH to improve at some stage and return to its highs, but that's not going to happen overnight, and it's not at though you'll miss the boat by waiting for a confirmation of a trend change.
COH Price at posting:
$46.39 Sentiment: None Disclosure: Not Held
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