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Alon USA Energy, Inc. Message Board

  • rogerclaraw rogerclaraw Sep 11, 2013 1:40 PM Flag

    The new trading range for ALJ

    Before the dilution, I made money swing trading this stock and the trading range was the low $12s up to mid 13s, I feel pretty sure that we will get back to those numbers in a few weeks, but for now I trying to figure out the new temporary trading ranges and it looks like for now the range will be tight. My guess is $11-$11.50. Some of you have a lot more experience dealing with dilution prices and how long it takes a company to regain the pre dilution p/s. What are your opinions as they relate to the current trading range and how long it will it take for the market to forgive the dilution.

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    • After the past month or so of getting in too early.watching another big drop and cursing myself, I got an average of over $1.00 and took it. I think we safe in thinking we will get back to over $12.00 soon, but where will this bottom be?

    • After almost a week, it looks like I missed the bottom by .25 or so and the top looks to be $11.20 or so. I got in at $11.25 and that took most of my powder. It does look like we are in a down trend, but this is too good of a company to go much lower unless the whole market crashes and it could.

    • alj is definitely getting cheap(?) I lost a chunk of $ in this @19, now picking up at this price seems like a positive.
      Will move in and out from $11+/$12+ for the time being to get my $$ back.

10.56-0.86(-7.53%)Feb 5 4:02 PMEST