Well, it might be because longs believe that the selling has been overdone, and are nibbling, buying, and truck-loading. Today will either affirm or refute their belief.
I bought 25% of what I have at $64 and change, with the rest at $67 and change. The value there/here is compelling, IMHO. Time will tell if it was a good move, but SNDK has a great product, in a good sector, and seems to execute well. I had owned it closer to $100, but sold right under that mark. With many others I have not been so lucky. Then again, this one may go the way of those before too long. Hope not though. A WDC buyout would certainly make sense to WDC at this level. I wouldn't bet on it though. Good luck, longs.
New coverage at "Buy", by someone. Good luck, longs.
Lucky guess. My broker's page shows the close at $44.56, not the $43.77 that Yahoo shows, making the gain a hair over 7% for the day. Congrat's longs. Good luck going forward.
We'll see how she ends, but I'd be surprised if it wasn't over 7% at the rate we're going into closing. New inter-day 52wk high, no matter what. It looks like it's going against anybody short. We'll see.
Great? I don't know about that, but it shouldn't be a bloodbath. After all, they still have a huge backlog of work. It sounds like the miss, has to do with the different mix of building cars for lease, versus building for sale. This is something that the analysts probably haven't been able to accurately quantify. Management is going to have to determine the best mix of lease versus sale going forward. I'm taking it for granted that demand stays constant or improves, which I believe is the case. Good luck, longs.
Funny, I saw that after I posted. I cut and pasted what was in the article. Far be it for me to edit the professionals. ;-)
The West Virginia train explosion is generating fresh new reports/opinions that the tanker cars that were being used may have been old. If this is true, it may hasten the rush to replace them with newer versions. That's probably what this little pop is about. IMHO.
From one article:
"United States Federal Department of transportation is considering tougher safety regulations for railway transport of crude oil, can ignite, causing huge fireballs.
Government’s response to a series of fiery train crash, would phase out hundreds of thousands of elderly people increased the number of other highly flammable liquids and crude oil tanker in July proposed rules. It is not clear how old tankers in the derailed train."
BTW: Check out how Yahoo had the headlines timed. Last week, using the same article, they show two negative pages, thereby driving the stock down. Today they show the last page, of the same article, as the positive story, stock goes up. Nothing suspicious there. (SARCASM)
Tough one right now. An article last week served to take it down a bit. Article today serving to bring it up a bit. The buy was this morning when it was at $116 or so. You've got to be nimble, and with deep enough pockets to deal with the volatility. The story's still the same for TNH, it's the outside storytellers that change their tunes according to who they want on the dance floor.