Shares of Terra Nitrogen (TNH -11.2%) sink for the 2nd straight day, falling much harder than...

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marcia58 Comments (7)
 
sorry, but that doesn't make any sense . . . the previous two dividends were less than $2.00 each. what else is driving this stock down?
21 Sep 2011, 03:23 PM Reply Like

Wyatt Junker Comments (4503)
 
Down even more. This pig needs to go sub 130 before it gets interesting again.
21 Sep 2011, 03:23 PM Reply Like

davidingeorgia Comments (2713)
 
Yep...around about $110-115.
21 Sep 2011, 03:37 PM Reply Like

davidingeorgia Comments (2713)
 
Last 8 dividends paid by TNH were:
$3.75
$4.84
$1.36
$1.40
$2.36
$1.25
$1.63
$2.22

I don't think the sell-off is due to a cut in the dividend since that happens regularly with TNH and most every other company of this type that deals in commodities which fluctuate in price regularly and sometimes violently. I think the only "trap" here is the one that blurb writers fall into when they try to write blurbs about companies they're not familiar with.

Disclosure: long TNH
21 Sep 2011, 03:44 PM Reply Like

vivianna Comments (7)
 
Wyatt can you explain what you mean about your comment on TNH?
Much oblige.
21 Sep 2011, 03:55 PM Reply Like

Wyatt Junker Comments (4503)
 
'Down even more' means down over 18% compared to this snippet of 'down 11%'. As for the rest, it was patently obvious this thing got way ahead of itself.
21 Sep 2011, 04:13 PM Reply Like

vivianna Comments (7)
 
Thanks Wyatt. I think a good entry with TNH would be 125-130. You are right in saying it got way ahead of itself. I did lose a lot recently with TNH. Its a good lesson and one I won't make in the future.
22 Sep 2011, 11:43 PM Reply Like

Texasmike Comments (9)
 
I lost a lot this week on TNH. All I know is that if I had seen this Seeking Alpha article on TNH on the 19th I would have sold ..

http://seekingalpha.co...

Now I clueless about TNH. Sell what I have left? Did anyone notice a 17% swing [low to high] on Thursday ... some day-trader fast profits no doubt.
24 Sep 2011, 11:38 AM Reply Like