http://realmoney.thestreet.com/articles/04/22/2017/hop-csx-it-jumps-tracks?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Ha-ha-ha, yeah I am happy to be out of that stock and for good. I don't think Hunter will turn this dog around but is likely to run it into a financial crises. This is an Eastern Railroad with distinctly Eastern Railroad issues, it's not a IC, CN, or CP. Not sure why anyone would merge with CSX when they could wait a few years and buy it at half price or lower.
Dog ate you homework?
Never too old to have a happy childhood!
BaltACD Dog ate you homework?
Yes and more than once. On the other hand, owning stock in UP has always been a pleasant experience.
CMStPnP BaltACD Dog ate you homework? Yes and more than once. On the other hand, owning stock in UP has always been a pleasant experience.
Don't buy high and sell low!
BaltACDDon't buy high and sell low!
If anything is going to give investors a bad taste in their mouths (and a less-than-favorable opinion of EHH), that would do it.
I would suspect that the type of stock investor that follows EHH around is the gambler - who hopes to buy low and ride the tide. They're hoping for a high spring tide, but occasionally get stuck with a low spring tide...
On the other hand are the folks who just want to have a steady investment....
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
tree68 BaltACD Don't buy high and sell low! If anything is going to give investors a bad taste in their mouths (and a less-than-favorable opinion of EHH), that would do it. I would suspect that the type of stock investor that follows EHH around is the gambler - who hopes to buy low and ride the tide. They're hoping for a high spring tide, but occasionally get stuck with a low spring tide... On the other hand are the folks who just want to have a steady investment....
BaltACD Don't buy high and sell low!
And the following cut,[in part], from the OP's original post, and linked article: "..Second, as can see from the red-labeled numbers, there is an Elliott Wave five-wave rise that appears complete. Once this occurs, history shows the next high-probability outcome is a three-wave pattern in the opposite direction, which typically retraces half the most recent rise. In this case, the rise has added 31 points to the 2016 low. Therefore, a 15-point correction should slice prices down to the mid-$30s.
Third, if the larger purple numbers in circles are accurately labeled, an even larger correction is due in the coming year or two, which would retrace approximately half of the entire rise from the 1980s. This would project to the mid-$20s; a catastrophic decline for investors who remain long and wrong after $47 +/-1 breaks..."
My thought is, that CSX's 'Roller Coaster' may be close to the top of the highest hill, and that long drop will be the biggest thrill of the ride. So if I was a betting kind of guy, I'd have NS warm up their 'rescue unit', and be standing by...might be a fire sale in the future in Jacksonville...?
Remeber there was a 2 for 1 split 3 years ago.
So how can I buy puts on this or short CSX?
It remains a good stock if you're a buy and hold investor. If you're looking for short term gains then the casinos might be a better option.
I couldn't help it got too emotional on how undervalued the stock was compared to rivals without considering that sometimes undervaluation is earned vs an emotional reaction by stock investors.
UlrichIt remains a good stock if you're a buy and hold investor. If you're looking for short term gains then the casinos might be a better option.
You just posted that without looking at the 10 year history of CSX stock valuations...I'll bet. Otherwise your hold for long-term is too long by any stretch of a financial advisors imagination.
I bought SHOPIFY (NYSE: SHOP) around $30 a share for 350 shares. Just a few years ago, look at it now. That is the type of investment I want to make typical in my portfolio which is already at 43% return for this year. :)
My money should work harder than me, not sit around in sloth land.
You're right.. CSX 10 year history sucks. I've only held a small amount of it for five years and over that time frame it has done ok.
CandOforprogress2 So how can I buy puts on this or short CSX?
Get a brokerage account and then figure out how to use it.
CandOforprogress2So how can I buy puts on this or short CSX?
Well, here are your November prices....
http://www.nasdaq.com/symbol/csx/option-chain?dateindex=5
I thought about puts but I don't think it's a good idea to take the opposite side from Hunter.
CandOforprogress2 Remeber there was a 2 for 1 split 3 years ago.
Thanks to Chris / CopCarSS for my avatar.
Murphy Siding CandOforprogress2 Remeber there was a 2 for 1 split 3 years ago. Remeber... a 2 for 1 stock split doesn't change the value of your stock.
Remeber... a 2 for 1 stock split doesn't change the value of your stock.
As far as Options go a Put Option is a cheap way to cover your behind if you own CSX stock and a better bet then a Power Ball Ticket.
At the time! However, over time as the price appreciates you come out ahead.
CSX has historically wanted their stock priced in the $25-35 range; when it goes to near double that level they will tend to spit it so as to return the share price to their desired range.
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