Looks like CSKI's shares have been hit from the after shocks of the SAY (Satyam Comp) auditing scandal. I still think that investors and institutions acted rather irrationally with this one. Whose to say CSKI is facing the same internal problem? They are two different companies with two different management departments in place. Those late to the party can now pick up shares at a discount. If you pick up at this level, sell and cut your losses if it closes below the 200 day MA. This would signal a major trend change and void the base formation and the possibility of a real uptrend. If it shows support above the 200 day MA, it will continue to form its base and climb back up to the old highs and breakout.
Looks like CSKI's shares have been hit from the after shocks of the SAY (Satyam Comp) auditing scandal. I still think that investors and institutions acted rather irrationally with this one. Whose to say CSKI is facing the same internal problem? They are two different companies with two different management departments in place. Those late to the party can now pick up shares at a discount. If you pick up at this level, sell and cut your losses if it closes below the 200 day MA. This would signal a major trend change and void the base formation and the possibility of a real uptrend. If it shows support above the 200 day MA, it will continue to form its base and climb back up to the old highs and breakout.
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