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FreightCar America Inc. Message Board

  • osur_top_fan osur_top_fan Nov 8, 2009 4:12 PM Flag

    Will test $20 tomorrow. That is the 200 DMA.

    Most covering is done with old shorts and new ones want blood. Institutions are bloated with shares and arent interested in accumulating at this level.

    They were accumulating months ago in the mid teens. No one accumulates after earnings suck so badly.

    I worked for M. Lynch. I know the mind set.

    Just forget it. Look for an entry around $17 at best. I recommend a sell and buy there. No need to ride it down.

 
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