CDE Drops Over 33% In Eight Trading Days, Adding Today
February 25, 2025
I think CDE (Coeur Mining) dropping 33% after a a good earnings report, and with no particular bad news to justify the selloff, is presenting a low-risk opportunity to add to our positions in the $5.10 area. Just on the stock, not including $5 strike LEAP options we own, we are already up 81% on CDE, and that includes this recent brutal beating of 33%. I like the odds, so am very comfortable adding today, and still think this stock could easily triple from here. Once it gets going, it will be hard to buy, because it goes up just as fast as it comes down!
