We could see a upward movement in price any day now
Due to the tax loss selling experts that have already sold and are waiting for the 30 day waiting period. They certainly want to get back in before the Congress actually gets serious about passing the extenders. We all know that the Congress is a worthless bunch of oldtimers taking advantage of the system and will take as long as they can to make it look like they are doing there job. They will be praised at the end when they get it done just in time. The question is whether just in time is before Christmas so they can spend more time with family and friends or will they take it right down to the end and pass it after Christmas. Either way, selling now is taking a BIG chance at not being able to buy back in, at these prices, I see an upward movement starting very soon because of Thanksgiving and Monday being the 26th. 30 days would be the day after Christmas Seeing that Christmas will fall on a Tuesday and New Years Day will also, both Monday the 24th and Monday the 31st will be short low volume days. There are not many trading days left to be able to buy back in after the 30 day waiting period, if they want to get back in before years end and more importantly, before the tax extenders is passed. The price will start going up next week if not sooner. You better get in by tomorrow or Monday at the latest before the buying starts to move the price upwards.
I can not envision why would anyone buy the stock given the poor track record it has shown up to this time. New equipment and better production for a week or maybe two weeks does not tell the entire story.
Cut it out MENE......yer being logical, based on the volume past few months, and the plants track record........you obviously forgot where you are, but...its the Holidays season.....so yer forgiven!!!!