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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.

Company Info:

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. CSX's principal 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)
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