With this dip... One has to be careful, not take a full position. But there is going to be anticipation before earnings again, especially given the positive results last report. I can't see us in low 17's before earnings, where we are now. We'll see. Very volatile and one has to be careful but I think we are getting some more giftage with the lower driftage following a down NAZ today.
Exited this morning to complete the trade. I'm wondering about the cold spring and what's in store for the summer. Another thing I want to llook at this weekend is the pps seasonality, given the buisness' seasonality. On the upside, several firms' targets were recently raised to 20/21. But I don't understand the impact of potentially lower DR demand in the summer, what drives it, and Enoc's earnings sensitivity to same. See the Motley fool article just published the other day. Don't know the credibilty of the author, but the seasonal temperature piece seems worth looking into/worth caution.
Once again, we have the same trades. In a bit too early and out a bit too early, but still profitable. I am likely going to the annual meeting in a few weeks. Let me know if I can pass on any questions.