Capstone Green Energy Corp (fka CGRNQ)

[hopester]

Hits new 52 week low intraday.
As earlier stated yesterdays volume looked to be climatic. If it was,, it doesn't mean there's a trend change about to occur. Instead a lengthy period of backing and filling ( base building) is required after the multi-year downtrend CPST has been in.As much as years may be needed .

The general market is in full blown corrective mode and the best to be hoped for with cpst is that a lengthy base building period begins. Otherwise, more new lows are to be expected.

Greece is the tipf the iceberg. The Euro must fall to even greater lows. Contagion is a fear. The dollar will strengthen against the EURO and hurt multi-nationals.... especially industrials and especially those cos that are not FULLY diversified geographically.

This correction is going to get very nasty.5-10% is conservative.

Here the Fed is in a huge pickle. They can't tighten should they need to and there's no room left to lower rates.
This inability to act could roil markets and the coming drop will take no prisoners.

Any rally of stocks should be used to lighten up and that goes for CPST too.