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Genesee & Wyoming Inc. Message Board

  • abbaman7 abbaman7 Feb 7, 2003 4:12 PM Flag

    Another Day, Another Dollar Lost

    Actually GWR lost $1.21 today for nearly a 7% loss for the day on a little over 50 thousand shares. No bottom is forming yet so we still have a ways to go. This will be a great $8-$10 stock in the near future the way things are going. We should have no trouble breaking through the 52 week low of about $15.70, perhaps as early as next week.

    To say that institutional investors have lost interest in this company would be a massive understatement. Fundamentals mean nothing when that happens as they essentially dictate which stocks go up or down. Unfortunately, we have picked a big time loser still heading south. I am beginning to think that perhaps there is nothing for Chairman Fuller to say to turn things around so this is just another company heading for the bone yard of once promising enterprises.

    Imagine how badly this stock will tank if he actually has more bad news to report. Time to review the 'buy and hold' strategy.

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    • you sure give up easy.I have held some stocks for 20 years,they go up,and they go down.If you are long,then you should expect to see declines,as well as up days.the over all trend in the dow and s&p is down for all the well known reasons,GWR is not immune to this kind of downward pressure.all the other RR have met earnings(except for union pacific),there is no reason to think GWR won't.You need to lose your defeatist attitude,quit whining.the fundamentals are how you judge a company,not by stock action day top day.look at the charts this stock dove down tothe $15.00 range,but then popped back up with in weeks.

92.87-1.57(-1.66%)1:29 PMEDT