Q: CSU is creating waves! If you held it, at what price would you cut your losses and exit?
5i Research Answer:
The current decline has not been matched by fundamentals, which makes us more inclined to BUY and at least HOLD. It has at new valuation levels, and we think should bottom soon. However, a break below $2,000 would be quite unnerving, but if this occured on no news would likely also be an opportunity. Right now fear is driving the bus so it is hard to guess where things will settle.