Exhausted at $370, you think it’s on its death bed at $700 next year?
Cintas (CTAS) anyone?
- Thread starter VicBee
- Start date
Beautiful hold! CTAS always kicked the competition’s ass!
Yesterday I was reminiscing with a friend about CTAS and, while talking to him, checked the price... 720!! Amazingly solid growth stock, I decided to put in a buy at 720 before premarket as my friend confirmed it's scheduled for a 4 to 1 split in September.
At open I only got a partial fill but still had a big smile on my face... opens at 760
. Total fluke.
At open I only got a partial fill but still had a big smile on my face... opens at 760
. Total fluke.Why?
My research is down atm. I'll get back to ya. It's a good company though, I had looked at it a few weeks back but saw something I didn't like.
Any feedback as to why the sell? Your call was ominous enough that I prudently sold -and it was the reasonable call considering my lucky timing. But I'm still quite bullish on CTAS as an investment, due to its time tested long that looks like some of the tech giants.
Like I said, it's a very well run company.
The two things that gave me pause were these. A large short interest increase, and the inventory increase.
It is somewhat of a Trump stock, so that plus the short interest might have fed the fuel on the ER. Nice chart for sure. Like WM.
That's why I looked it.
That jump in the short interest though.... it's a little off for a big granny type stock like this though. That spooked me. If you get back in, let us know. I'm totally not buying this whole "Trump stock" mantra that everyone is talking about however. All politics aside, and I have said it several times now, I think if he wins, the markets will correct some. Across the board.