Macro level? They just bought 500 million in debt. Is that 'macro' enough for ya?
Greece is a wonderful place to visit. And if there is no Euro, it'll be rock bottom cheap to visit. They should start their own airline or like make a sweatheart deal with Virgin airlines. Casinos have been offering cheap extras since forever to just get you through the front door to gamble. Without being tied to the Euro Greece could do some serious tourism.
Seems to me the more you try to figure it out, the less you know. Guess it's kinda like what the famous inventor Thomas Edison said about inventing the light bulb. Just before finally developing the bulb someone asked him ; So, how close are you to inventing the light bulb or words to that. His answer was " I now know 5000 ways NOT to invent it'. Same with stocks if you ask me.
That's when the X-mas merchandice comes through. Obama hates coal, so we know that'll never be the same. At least while a Dem holds power. China has its own problems and cheap labor there is drying up. Cheap oil while good for fuel pricing on engine fuel is slowing down. On top of new regulations concerning the shipment of it. (Higher costs of tank cars and slow orders of tank trains). Housing really isn't doing better on new builds, so lumber isn't going anywhere. Car companies have tons of unsold cars, so car related stuff isn't going anywhere. Money for rails in Washington is now going towards health care related entities. I'm not able to see the figures for men in operating who are sitting at home collecting benefits, but I'm sure it is a drain on the bottom line. And if X-mas doesn't somehow really pick up car loads you can bet there'll be thousands of men around the system sitting at home collecting benies.
Hard to believe it has dropped to 98. But, historically speaking, 90 is where it's going. What sucks is that those rails are rusting away whether you're using them or not.
beck, hard to say. If you're looking at it within the last week, I'd say to wait later this week to buy in lower. Thing is, this has a bit of a habit of running up quite a bit after it touches bottom. Friday was the 'flush' bottom. As it rose nicely later in the day. The same bunch that ran it up Friday were no doubt looking for a little pull back on Monday to acquire more shares on the cheap. But, other buyers came in and ruined the party for them. Today, those buyers just dooved in not letting these prices get away from them. With that thinking in mind I'd say there is a very good chance this sees 10 within a couple weeks.
Just a guess, but what might have occured is that the front runner buyer of this company backed out of the deal. Only to have been immediately replaced with another. Serious buying going on now. Could be it doesn't stop until it's over 10 bucks.
Ever experienced a plugged toilet finally letting go. That was today. Absolutely some big buying going on at the end. Be hard to imagine it being taken down again now. Big money like that doesn't come in without reason.
Well, when you compare the sector to what's been happening here something sure smells. I sell a stock when it goes crazy up without something to account for it. AND I buy a stock when it drops and there isn't anything to account for it. In this case that 100 million stunt was accounted for once the stock dropped below 8.30, and then some. I was out selling this to my friends today once it hit the old low selling mark.
Thanks for the link. Ya, going to be as short a time as two weeks before people catch on here, or as much as a year. But it's coming.
Near as I can tell someone has bought 3 to 5 million shares of this the last 4 trading days. With 50 million shares out there that's a large chunk.
At this dramatic drop if someone was interested in owning it they'll be buying up shares on the cheap. Once they get passed the reporting number of shares they'll have to declare it. The cat will be out of the bag then.