CPLA

[admin]

Again, the self-updating chart:

• These kind of rallies run out of gas at some time. We're now at $73.74
• Obviously, they had good earnings, but this good? This isn't a double digit growth story (FY EPS guidance was upped 5%, for instance), although they do have a 2%+ dividend ratio and a very healthy balance sheet.
• Let's see what happens tomorrow, looks like a temporary trading short to us, the 20%+ share price reaction seems a tad overdone.

[admin]

It indeed sold off the day after we wrote the above, but it has gone back up. When time is available, we'll delve into this as we feel a correction is coming, although the higher than average volume is a little worrying from that perspective..

[admin]

We pulled the trigger at $76.85 (see here).

Here is the static chart from when we shorted ($76.85, as it happens):

And here is the dynamic (self-updating) one so one can see what happens next: