As we approach the 52 week low of $16.00, it appears to me,that the earnings momentum of an estimated over $3.00 earnings, will likely offer support to this issue from further decline (P.E. Ratio of 5.3 based on foward looking earnings).
I will cast my buy vote by placing another buy order at that price, so to average down my initial entry price of $25.50, except this time plan on buying twice as many shares as I did initially, since the long term trend on the price of the commodity remains UP, not Down.
Was expecting 3.00 earnings by December 1998, but I'm afraid I was being to conservative, looks like they will be closer to $3.50, Oh well. Averaging down was a great strategy and all those waiting for 12.00 a share got left, sucking wind. This message is a follow-up to my message of 2/24. Is good to be rigth once in a while.