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Forum - Wall Street Pit (CORELOGIC INC - CLGX)    Stock Due Diligence for All

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From: jjkool_01 (Rep: 1190) reply to jjkool_01Date: 11/26/2012 13:25
Forum: Wall Street Pit - Msg #2333658 - List CLGX msgs Thread #673469161 (Rec: 0)
continuing the daily climb 25.67>Re: 23.15 Had a great earnings report and increased guidance. On a normal earnings day ...



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Reply to jjkool_01 - Msg #2326336 - 10/26/2012 14:29

Had a great earnings report and increased guidance. On a normal earnings day this would attract buyers as evidenced by its big gap up at the open. What happened, as word on street has indicated, was First American Financial wanted out at this price level with some nice gains. So, they had 3.7M shares to dispose of and what better time to do so than into earnings volume.
There has been enough volume over these two days to provide for a partial exit. If they are done and this is why the dump ( I could find no other reason) then this could be a nice bounce play.
Current Price 23.15
Barclays increased Target to $30
NOTE: This message has been revised 4 times. Read original version of this message.
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