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Olin Corp. Message Board

  • flyboy_dunk flyboy_dunk Mar 2, 2009 3:42 PM Flag

    bout out of bullets

    got in @ 10.13 today

    average cost now 13.23

    lets hope the upgrade today will slingshot this company in the right direction!

    have a gooday,,,,,,,,DUNK

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    • Its only been a few weeks but the street dot com put a sell on this . I dont see their reasoning as sound . They said they felt that in this market the negatives were equal to the positives but should carry more weight . It also went negative on market watch as if fell on chart fundementals but was not rated a short .TdAmeritrade has a reduce on it . However many solid brokers have recently followed the S and P analyst and put outpeforms , buys on this as has been reported on the board .

      We have looked at the all data chart and seen this is the level thte stock bounced off in every major down market event verified by
      . We overshot a little on the downside like always but were firming . We see mark to market is coming off the market improves the pension plan takes pressure off .

      I have to think as people batten down the hatches money goes into stocks this year . People are in a 33% bracket would be crazy not to fully fund their IRA's Keoghs , SEP's ahead of tax time to the limit . The press is full of it people will put $$$ in wherever its at all possible . I see a near term bottom here . Remember we get our dividend checks Tueday of next week and are 1/3 of the way to our next ex date . That always gives buyers a little euphoria . No dividend worries here unless they aquire someone and we know they handle aquisitions well .

      The dividend is payable on March 10, 2009 to shareholders of record at the close of business on February 10, 2009. This marks the company's 329th consecutive quarterly dividend.

      Olin Corporation is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. Chlor Alkali Products manufactures chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, potassium hydroxide and bleach products. Winchester products include sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

    • I have seen short squeezes before trigger by high yield dividend payouts. Most shorts do not want to pay out close to 2% dividend each quarter.

    • yup that's right shorts have to pay out divies.

      it sure would me nice to see every thing settle down.

      volatility is good (but lets be ease)

      have a gooday,,DUNK

    • We must of been short raided. I do not see them sticking around very long for a divy payout. I give it 2 months and we should see trading north of +12.

    • Maybe someone believes the dividend is vulnerable, like most other companies. Or it's fear the recreational ammo market will be legislated out of existence. Or maybe it's sector rotation into juicier "early cycle" opportunites. Who knows. Anyway, the price seems to have stabilized, which is a good sign. I'll be buying more if we can break 9.60 on good volume.

    • i don't think that the market is pushing this company down

      i something else or someone else is

      this company is in to good a shape for the crap

      other companys with good numbers aren' taking a hit like this

      just my opinion

      have a gooday,,,,,,DUNK

    • I was looking at the long term chart seeing the major low support points in the 9 level I never figured we had much of a chance to fall into the 8's .

      If this isnt the bottom I deserve to loose the money . Hang tough when you look at that chart you can also see the stock has a shorter cycle in later periods . I imagine this is do to the current product mix . Bleach and ammo are at record profits . Caustic soda will catch on as companies cant stay at 0 inventory builds for long . Were ok remember millineum back in 2002 ran down to 8 then was sold for stock worth 20 two years later that went to 36 . Just believe becuase its true . OLN was a good buy at $15 its just a steal at 9 for those with money they can park and wait with . I am not saying we need to be aquired we may see OLN aquire ..but the stock is bargain priced here .

    • WOW,,,casey

      when i got in @ 14.2499 didn't think it would got to 12.00

      then averaged down to 14.1966 didn't think it would even go under 14.00

      averaged down again @ 10.13 to an average cost of 13.23245

      still didn't think it would surely go below 10.00

      and now that brings up to date:(

      low for the day 8.98 and closed @9.05 who'da thounk it

      have a gooday,,,,,,DUNK

    • Geez. Anyone willing to test the waters at 9.50?

    • can you believe this??????

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26.46-0.22(-0.82%)Sep 16 4:02 PMEDT

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