Q: I happened by accident to check the trading on CSU at 2:30 today (Monday). Volume was 0! I thought there might be a cease trade order on the stock but couldn’t find any. It appears the bid just couldn’t meet the ask so no trades. Do you think a base is being formed?
Any thoughts you have would be appreciated.
Jim
Any thoughts you have would be appreciated.
Jim
5i Research Answer:
CSU continues to decline, but it is trading, with about 85,000 shares today so far. It was rated 'New Buy' last week at Desjardins, with a $5,300 target. It is hard to predict when investors will relax here. Many have big profits and are scared. But we think it should settle down, assuming earnings are OK.