Quote from michaelscott:
Where is my little b*tch holygrail? Looks like when you opened your mouth about CSUN, it went up 10%.
I do see CSUN being a 23 dollar stock in the future. However, I dont recommend buying&holding, but trading. This isnt an investment website but one about trading pure and simple.
The simple fact is that someone is throwing a bid under CSUN, its up 10% today on double the average volume and it will see higher prices. I doubled my position right when the analyst came out today with his "hold" position.
Its not the fact that the position he took was "hold", its the fact that he is covering CSUN at all. What is this Cowen and Company's interest and how come they dont cover SOLF? Something is going on behind the scenes. They are setting up for the conference call. All the bearish news is baked in so what will they announce at that call, will the analysts change their mind after the call? Oh time will tell, but I do believe CSUN is a stock that should be in its 20s.
Dont be a buy&holder though, trade and trade all the way...