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REX American Resources Corporation Message Board

  • joetong419 joetong419 Oct 31, 2008 4:58 PM Flag

    RSC 22% return today...

    but afterhours gave up some of that % gain (still going on).

    Must have been management buyback? At about 3:59PM RSC was up <$1. Or, perhaps, somebody's short-covering? Volume over 100K are rare.

    However, RSC should not be singled out, as most depressed stocks also had gains (BBY and LVS).

    Maybe news coming out about maximizing shareholder value sooner than we led to believe? Or, lose all the gains next week?

    Never expected these gains to happen today, as before the markets open, S&P futures were down 20. Who knows what November can bring - can't be worse than September and October?

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