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Cummins Inc. Message Board

  • sync2112 sync2112 Jul 26, 2011 1:40 PM Flag

    Comments on CNBC/Fast Money

    I am suprised how little has been said about CMI today. Its great earnings have really been glossed over. A few commentors on Fast Money went so far as to say to sell CMI or wouldn own it. Jon Najarian gave it some good praise but it suprises me that a stock still way under its 52 week high that just reported blow out earnings and guidance they say to sell. The tout some garbage that they think is undervalued? Tell me they dont try to blow the horn they are in!My guess is Cramer will really give us some props on Mad Money tonight.

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    • Its fast monkeys not fast money.

    • Fast Money guys are all yoyos !

    • one edit. i think it "shouldn't" go below 110 but it will likely close the gap we opened today and trade down at 107 at some point. if so, probably not a bad place to pick up some more.

      i hate saying this but something tells me it'll get back to the low 100's again. again, i hate saying that but i saw what it did after the last quarterly report. shot to 120 then all they way down to 92. granted, the overall market was down but still.

      here's hoping for the markets to stage another bull rally like it did starting in Sept of last year. cmi went from ~75 to ~112. wish i had been in cmi then :)

      • 1 Reply to blarneyj
      • I agree with most you say Blarn,


        I do think the downdraft before is tied to the overall downdraft. The soft patch as they called it. That said they are calling for the second half of the year to be stronger, we will see. Had the overall market stayed stabil I think would would have never seen sub 105-100 prices on CMI before. Same hold true here IMO. If we can get some stability on the debt deal I most certainly see us going higher this week. No doubt a huge relief rally will ensue.

    • one edit. i think it "shouldn't" go below 110 but it will likely close the gap we opened today and trade down at 107 at some point. if so, probably not a bad place to pick up some more.

      i hate saying this but something tells me it'll get back to the low 100's again. again, i hate saying that but i saw what it did after the last quarterly report. shot to 120 then all they way down to 92. granted, the overall market was down but still.

      here's hoping for the markets to stage another bull rally like it did starting in Sept of last year. cmi went from ~75 to ~112. wish i had been in cmi then :)

    • agreed. i watched the same segment. they are all wanting to get in the derivative play vs. the leader. guess they think it's too volatile or as you mentioned, they want to tout what they are long in.

      too bad karen wasn't on in that segment. she's been very bullish on cmi for awhile. if she's on tonight at 5, she will probably talk about it.

      cmi just doesn't get any love. everything about this quarter was a blowout. all the things you want to see. it just doesn't seem to be a 'momentum' stock. i.e. one that people feel have to get in or they'll get left behind. 2 consecutive quarters where they crushed everything, yet it's still at the same level it was in january.

      cmi shouldn't trade under 110 again unless there is an overall market correction. but there's not much we can do. buy some protection (puts) just in case i guess.

    • not the best day unfortunately for cmi to release their results ....on a better day it would be up 7 to 9$ ....industrials are the worst sector today and if i were holding i would be feeling a bit short changed today, when all said its only $2 higher than it was 19 days ago

 
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