at 33.29. The bounce seems a bit overdone to me, considering the 1.24 ann dividend, so I'll take a sure 15% or so gain on shares held about two months.
might get back if it goes below 30
A bird in the hand is worth 2 in the bush.......nice, but out 1 day too early....if not up on Monday, then run will likely continue on Tues. new lunar phase......otherwise, after Mon. look for short-term reversal Tues. JMHO
This was a $50 stock a few short years ago when natural gas prices were high.
I think $27 was the bottom. I had called this price- within $1- as the bottom back last fall about a week after the earnings call.
I think the momentum has shifted to positive now that the dividend cut has occurred.
It looks like the State of IL is also being a little more utility friendly today.
Natural gas prices also seem to be going up and the Obama administration may make it tougher to burn natural gas and coal going forward.
If you're a short term trader, get out a little today, but get back in at $32. I don't think we'll see $29.
If you're a long term investor, try not to sell more than 1/3 of your holdings in a single day.
Good move IMHO. Everyone seems excited about future output. It will take years for this to happen and be very, very expensive. Wait until people start drawing