Oct. 13 at 7:33 PM
$CL Took my cost basis off the table at
$77 level. Still trading at >20x TTM EPS w/negative real top line growth, declining margins, and negative real bottom line growth. The fundamental case for this stock is much lower (GFC valuation bottom was ~7-8x EPS), but price is getting stretched far below 200dma and volume is starting to increase into the decline...potentially signaling some near-term capitulation selling.