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CSX Corp. Message Board

  • hooloweiner hooloweiner Oct 16, 2013 10:25 AM Flag

    What Da Heck? We down and markets are soaring!


    Beat earnings estimates and fwd guidance was positive,,,,,selling on the news?

    Guess you no longer reward positive earnings....being manipulated by the hedge funds that's for sure.

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    • Over the last week it appeared to me that the MM's and specialists bought more than 1 million shares more than they sold. While this kept the stock from dropping as much as the markets the last few weeks, they have a lot of inventory that must be sold off now.

      Once the buyers deplete this inventory the stock will move up. It should happen. Just give it a few days.

      p.s. this is typical for CSX. If you look at earnings dates the stock quite often moves in one direction immediately after earnings only to reverse and move well in the opposite direction after a few days.

      Sentiment: Strong Buy

    • I don't understand it. Earning are up, the market is up, but CSX is down. Doesn't make a bit of sense. What happened?

      • 3 Replies to spebudd
      • Had to sell it on loss @25.69. I will however, use this learning curve for future earnings and for their next morning move. I will start it today with observing and taking position in SNDK before close.

      • Noticed something since yesterday, pls let me know if it makes sense. I was short on JBHT yesterday, but JBHT recovered and went up soon after the open though has EPS miss of $0.03 cents. Noted that volume line before previous close was green proved next day morning up move.
        LLTC missed EPS $0.01 yesterday after close but there last volume line before close was green. This stock is holding up good today despite an EPS miss.
        Now CSX beats the earnings, guides up but volume line before yesterday close was red with more than 400K volume. Again looking at up two examples, it drove the stock down in the morning. However, stock is fighting hard based on results. I bought after hours at $26.25 and am since holding. Please let me know, if my observations are making any sense?

        Sentiment: Buy

      • CEO comments

23.41-0.72(-2.98%)Feb 11 4:00 PMEST