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Investors, WTF? Coleman Cable -42%
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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Aug 15, 2007, 03:18 PM
 
Check out the stock of Coleman Cable Inc (CCIX)

Quote.com - Stock Quotes, Charts and News - Summary for COLEMAN CABLE INC (CCIX)

These must be panic sales, totally unfounded since the company is still making money even if the profits have been ~-70% to the last quarter.
PB.
(Last edited by Powerbook; Aug 15, 2007 at 03:26 PM. )
Aut Caesar aut nihil.
     
Mac Elite
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Aug 15, 2007, 03:20 PM
 
Takez de monees and ron, Gomez, befor dey check mis accontes!!!

Never put money on EGHT too. Fiddle by numbers going on there.
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Clinically Insane
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Aug 15, 2007, 03:32 PM
 
The end of the world is neigh.

-t
     
Mac Elite
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Aug 15, 2007, 03:35 PM
 
I never said I won't put money into such companies. In fact I made most of my stock profits with plummeted stocks (like Apple's!). I'll have a look at CCIX tomorrow morning, maybe I put 10.000 in it, just to see what happens...

PB.
Aut Caesar aut nihil.
     
Mac Elite
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Aug 15, 2007, 03:45 PM
 
doh the market is unstable at the moment. Read the news like.
Anyone who denies climate changes naturally is a Climate Change Skeptic.
     
Clinically Insane
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Aug 15, 2007, 03:53 PM
 
Good idea to be SHORT right now, or at least have a short trading bias.

"The natural progress of things is for liberty to yield and government to gain ground." TJ
     
Posting Junkie
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Aug 15, 2007, 04:57 PM
 
If the stock price only dropped 42% after profits dropped 70%, that means the P/E has improved.
     
Mac Elite
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Aug 21, 2007, 05:48 AM
 
Update: I went in on Friday. 1000 CCIX shares for some ~8500 Euros. :-)
Let's see what happens...

Regards
PB.
Aut Caesar aut nihil.
     
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Aug 21, 2007, 12:27 PM
 
Originally Posted by turtle777 View Post
The end of the world is neigh.

?
     
Clinically Insane
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Aug 21, 2007, 02:18 PM
 
Originally Posted by Mithras View Post

?
Yes.

-t
     
   
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