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One is doing very well..

September 19th, 2010 · 1 Comment

Noticed a monumental sell-off a month ago. How things can change..

Corinthian Colleges Inc. (COCO) went on a slide that seemed to suggest it had no longer a viable business. While things didn’t look great, it seemed exaggerated to us and we told you so on August 20.

Since then, the price has been steadily rising (a whopping 42% in total), but it’s still a long way from its former glory. Which is understandable, as there remains much uncertainty. But keep in mind that the new proposed regulation wasn’t as tough as expected.

If you bought we would lighten up at least a bit here.

Tags: COCO

1 response so far ↓

  • 1 Power One (PWER) sell-off overdone? — // Sep 20, 2010 at 3:38 am

    […] Falling knives will be falling knives. But at some point these worries will become overblown, $7 might very well be that point, if not before. Asset prices have a habit of exaggerating on the upside, as well as the downside, as we have seen with COCO. […]