I bought 50 shares of CAG at $26.28 on 9/18, 2 days before their earning release. So far, CAG always beat the estimated earning. So it does actually beat the earning on 9/20, however, on that day there is a bad news about job report so the stock is not going up at all. It does hit around $27 a share but I figured I should wait few more days before sell my shares and take profit. Unfortunately, the stock price keep going down day-by-day especially a little bad news about this company will bring the price goes down even deeper.
Then, I thought about my CC strategy by buying even more shares when the price is lower, so that's what I did, I bought 50 more shares at $24.65 on 10/8. The first two days, the price hit $25 but today there is bad news again due to Salmonella concerns. This volatility for this stock is just crazy, a little bad news will bring the stock price down while good news such as shares buy-back, good earning report, plant closure averted almost give no upward movement at all with the stock price. I will hold this stock for a few more weeks before decided to eat up the loss or keep holding it.
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