I started a new position in CMI and added to my EXK holdings.
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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts
Well isn’t that special.
Hey Fly
Recall when we all caught CMI at 22 bucks or so and released it at around 40.?How you were singing the praises of this great firm because of the new engines it came up with?
Apparently you and SeekingAlpha are on the same page on this one. Strange bed-fellows? 😉
http://seekingalpha.com/article/690341-4-reasons-to-like-cummins
Cheers,
-Diggah
Friend, EXK is going to report lower numbers and the chart is looking Bearish. i don’t like that long trade
This quarters earnings are no doubetedly going to be worse than March’s because Gold and Silver prices were higher then also. Now they are lower. And Production needs to stagnate for a qtr or two. Good luck with this trade, but I think you can get it at lower prices. Just my .02 friend
CMI is interesting though, I do like but not in but may consider a dabble