my gosh these rails get beaten with the ugly stick every day! obviously it's going to test the 52 wk low technically, fundamentally i think there should be a significant amount of buyers as transports should rally with needing to move infrastructure inputs from A-B.
The infrastructure companies that will benefit from the stimulus plan haven't even been identified yet. Heck, the stimulus plan wont even be approved for weeks. First shipments of materials will be in 2010, maybe. With the CSX pre-earnings warning, the BNI downgrade,the last railfax report, and current market condition, who would build a long position now! Everyone's taking profits from the short term 15% run since Xmas.Many don't see it going up further before a downturn. My opinion.