Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi Bernhard,

Yeah, a huge drop about halfway through the trading day with several times the average trading volume. Someone wanted to get out in a hurry, suffering a 12%+ drop by the close. Although I think the stock was overvalued at $27, the sudden downturn midday before earning certainly stinks, I agree.

I've toyed a lot with selling some of my holdings. I've done it before with MSA, and saw the stock run up another 50%+. I'm not sure if CNXS can sustain the growth that a mid-$20s evaluation demands, but I'm hanging on to have skin in the game to learn.

Regards,

Tom
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.