The 32-35 area has been my target for CDWC for a while, but if I am correct about the economy that target is too optimistic except for the near term. I suspect that before the year is over there is a good chance CDWC will be in the low to mid 20's.
I "picked $35 as the first target since that was the July lows, but it indeed could go lower, even lower than the October lows at the end of a Nassacre.
Good Morning All. Well that little exercise in the AH was worth about $300! Out here in the premarket for exactly a 1/2 bucker on CDWC. Does anyone have any news yet other than the BBOX swoon?
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