Wednesday, October 27, 2010
CSR reports lower guidance and earnings
China Security and Surveillance announced somewhat lower than expected earnings and guided sales and earnings down a bit for the coming year. Yesterday after the announcement the stock took opened lower and then rallied after the first 20 minutes of the day just as I was going to sell it, so I decided to wait and see. It's down again today to $5.35 per share. I'm going to give it just a little more room to stabilize, but if it goes down tomorrow or at any time goes below $5 it's time to get out of all shares for now.