Napp- I hear you on Q4 earnings, but with the market always pricing in the future, I'm surprised the stock has not moved up anticipating earnings upswing for next year. Unless the fast money just assumes the rates will retreat as fast as they have moved up.
I agree. With rates on the rise, the analysts are not moving up estimates. Can anyone guess as to why this stock is not moving up with rates close to 70,000 a day for Med routes, and closing in on 60,000 a day for Carib-US Gulf runs?
All of my shares have been purchased lower than today's closing price. If it drops from here, I'll be happy to buy more as the company is in better shape today. I do look for it to move up in the coming weeks.
why wouldn't you want others to short this? With rising cash flow, and a deal which will add to earnings will only force shorts to cover as the stock rises.
If your bullish, why wouldn't you want others to short this? Growing earnings, and a deal which will add to earnings will only cause shorts to cover as the price rises.
My take is that rates have been dismal for the last couple of years, and have nowhere to go but up from here. Europe is getting better, and China is not falling off a cliff. US economy is slowly improving. Herb has said that rates can rise very quickly, and it appears this is happening. Who knows if rates will stick long term, but we should get a short term boost in the near term. I have increased my position by about 30% in the last week, and will hold for the long haul.
LINE appears to be doing OK as they announced increased guidence on production for 4th quarter, even with inclement wheather in Texas. Also, they have increased dividend coverage ratio. I did take my position in the low 20s when all the negative articles were running. Barrons is nothing but butt wipe to me, and I saw lots of big brokerage houses giving the thumbs up on LINE. I'll take their word over some hedge fund paid shills. This is what makes a market. Good stuff!
I like to use fundamental evaluation, but will look at technicals for possible confirmation of stock movements. I am bullish not because of charts, but because earnings are projected to double for 2014, and iron ore prices have held, and even moved up some since last quarter.
I'm going to keep holding. Its been a nice run for me, as I have held for a couple of years. Guy at MS downdrades to equal from overweight. Its only a couple bucks down from 52 week high, and their earnings are projected to more than double from 2013-2014. Best run steel company out there. I would buy either NUE, or X, on a pullback.
Cramer has been wrong on this stock telling people to buy a couple of years ago. He is wrong now telling people to sell it.
LINE has worked out well for me also. Like the monthly payout. I am long ETP, and always buy on weakness, as that has also been a good strategy over time.
I sent him an e-mail today asking him if he has covered, or willing to short more since this run up. Of course I thanked him for knocking down the price so I could load up in the low 20s, and will be continuing to hold. Haven't heard back yet.
They have been bad mouthing LINE for months, trying to know it down. I wonder when they will finally go away!
Sorry for you, but this stock is not going to provide a better opportunity, and I'm not talking about a few 1-2% retracement. If you sold, and made a profit, then good for you. If you recently bought, then you must know that it had been knocked down by shorties, and short hedge funds, and articles in Barrons, which is nothing more than butt wipe. Where are these people now? LINE has not been taken down by the SEC, reported growth in earnings, and pay a double digit divi. Better yet, if they can consumate the merger with BRY , then stock will make for a lot of happy campers that bet on this side of the trade.