Today's action was nice...It felt good being up 2%...but I think that it must be kept in the proper perspective. Up 2% seemed like up 10% because of the brutal selloff we have been experiencing.
We have been plunging for over a month now...I believe that the stock is just having a technical bounce. It was due.
It would be tempting to start averaging down on a day like today, but that thought passes quickly. We are in the eye of the hurricane, and there is another leg down to go I'm afraid.
The fundamentals are bad across the board and the market is selling off. I wish the news was better, but another wave of selling is coming. I'm waiting for my price target...any short term buying will only delay that date.
I nearly fell out of my chair seeing your title "Lets keep a level head"... coming from you that is funny. I am now convinced that you are a short. You claim to own NS and bash it because it is going down, you won't sell but claim you will average down at much lower prices (the thought of locking in a capital loss and re-entering never crossed you mind?). NS recovers and you bash it, you never respond to the numerous posts where real investors mention that the asphalt business is like 17% of NuStars overall asset base......ummm, yea, your short.
Forgot to add...you keep claiming that NS has plunged...during the "hurricane" of a storm that the stock marke has gone through over the past 6 months, NS is down around 15%. Look at credit insurers like MBIA and Ambac before you loosely toss out words like crash and plunge.