Railroad Indicator: On Track for Recovery [View article]
Jakester,
BNSF was down 0.95% on 9/23. Hardly what I would call a slam. BNSF is down another 1.05% today (as of 1:30 pm). I would call a 2% drop in two days a buying opportunity.
I guess I'm just not ready to call this the beginning of a 10% to 20% pullback, as some bears are opining. But I have been wrong before. It's still too early to panic.
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Jakester,
Sep 24 13:28 pm
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All Comments by Michael Delaney »Railroad Indicator: On Track for Recovery [View article]
BNSF was down 0.95% on 9/23. Hardly what I would call a slam. BNSF is down another 1.05% today (as of 1:30 pm). I would call a 2% drop in two days a buying opportunity.
I guess I'm just not ready to call this the beginning of a 10% to 20% pullback, as some bears are opining. But I have been wrong before. It's still too early to panic.