New Plays, Saturday, 04/08/2006
Most Recent Plays
by OI Staff
HAVING TROUBLE PRINTING?
CSX - $63.38 - CSX Corp
That was not exactly how I expected to enter CSX. The stock spiked up +1.20
at Monday's open to trigger our entry at $60.50 on the opening tick. I saw the
breakout forming but did not expect it to be so violent. Bear Stearns upgraded
CSX before the open and it was off to the races all week. CSX operates the
largest railroad in the eastern US and Bear Stearns thought increased operating
efficiency and higher volumes of
coal would raise earnings dramatically. BSC is
targeting $71 for the stock. Sometimes you just get lucky and sometimes you get
hit by the truck. This time we were in the right place at the right time.
CSX Corporation (CSX) based in Jacksonville, Florida, owns companies providing
rail, intermodal and rail-to-truck transload services that combine to form
transportation companies, connecting more than 70 ocean, river and lake ports.
operating company, CSX Transportation Inc. (CSXT), operates the
railroad in the eastern United States with approximately 21,000-mile rail
network linking commercial markets in 23 states, the District of Columbia, and
the Canadian provinces of Ontario and Quebec. CSX Intermodal Inc. (Intermodal)
is a coast-to-coast intermodal transportation provider, an integrated intermodal
company serving customers from origin to destination with its own truck and
terminal operations, plus a dedicated
domestic container fleet. Containers and
trailers are loaded and unloaded from trains, with trucks providing the link
between intermodal terminals and the customer.
Breakout trigger $60.50 hit Apr-3rd
Position 2008 $65 LEAP Call YYD-AM @ $8.30
Entry $60.50 (4/03)