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Fastenal Company Message Board

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  • hartstoc hartstoc Mar 8, 1999 12:08 AM Flag

    Getting out

    a PIG. I just can't decide. Fortunately, I sold
    most of it about six months ago at 46, after it
    dropped from 54 overnight by missing earnings by .01.
    Wish I'd sold it all, but I keep thinking that surely
    it will see a rally eventually. Not feeling so
    "surely" anymore.

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    • Big upswing come april earnings announcement. it
      appears that in light of the ongoing recession in FASTs
      sector they have been able to acheive significant
      revenue and earnings growth. This growth, which will be
      represented in their quarterly report, should show indication
      in the strenthening of this sector.

      April keep an eye on April 40 & 45 call contracts.
      Don't get out now, hold till after earnings.

43.75-1.81(-3.97%)Jun 24 4:00 PMEDT