Any more metal comodity dependent stocks have earnings reports in the horizon? Unless some rediculous amounts of debt was paid off, or inventory was accumulated over the last quarter, costs are overshadowing revenue at an increasing rate here. 120 more quarters like this was certainly a good analogy. This was a great stock, but estimates of peaking any higher than low 50s by year end is nothing more than falling in love with this stock. Everyone here knows I was long earlier this week but we just got the best case scenerio. This will stay on my watch list and I already have my outlook calander to alert me 2 weeks before next qrtrs earnings. Where to until then?
Scuba (as always encouraging contrasting points of view)
Monday morning at 39.34, had a buy trigger at 39.25...... close enough.... and will liquidate again in the morning. I don't believe much in AH trading. Please see my previous post. I'm just scared of the increased costs in this quarter's numbers over last quarter with similar sales. This was a great play, but not a long term in my oppinion. but i have been wrong before and will be in the future. Here is the post with my guess of earnings.