Slow bleed from $5.50 back to $2.50. With the stock off ~30% from its post report high, the bulls have gone awful quiet. I would think if you liked it at $5.50, you ought to love it at $3.90. Double down!
DOW 15k and still the shippers are in the tank. Don't fight the FED would be so much easier if the shippers were participating. On a percentage basis, shippers have gone up 100% since the first of the year. They would have been a great buy. However, comparing to the indices since the 2008 melt down, they are a disaster. The indices are back in nominal terms and the shippers are at record lows. So the question becomes are the shippers a screaming buy or are the indices a screaming short? I don't have a position right now, but have toyed with the idea since January. Shoulda woulda coulda.