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Terex Corporation Message Board

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  • texasbroker2000 texasbroker2000 Jul 15, 2008 1:36 PM Flag

    Bottom Here

    It's hard to predict the bottom here...three years ago this one was at $20. They've expanded capacity and debt in anticipation of filling global demand that might now be a pipe dream. Expenses are up and demand is slowing....not a good combination.

    I was long up until last week and went short just prior to the 10% decline. I'm typically not a short term trader but the momentum was hard to fight.

23.99-0.77(-3.11%)Oct 24 4:02 PMEDT