Q: On August 12th you gave $270 as a reasonable entry point for CLS. Now that it is around $250 and appears to be still dropping and potential for volatility in September would you add now or wait until it appears to settle?
Thanks for all your help,
Mike
Thanks for all your help,
Mike
5i Research Answer:
This is of course a timing question, and as such may be wrong or right. We think the current correction is just that, and nothing abnormal. Things were a bit too easy in the tech sector. But the CLS fundamentals remain solid. Next week may be volatile with some big AI players reporting but we would be fine adding to CLS in the $245 range. We would keep position size in line with one's risk tolerance. It remains a very 'bouncy' stock.