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joseph cioffi's Source Page - Associated Content
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
Joe,
From XTEX message board:
Re: ?
by: ex_delhi
Long-Term Sentiment: Strong Buy 09/28/05 06:36 pm
Msg: 141 of 141
IMO the stock was caught up in the run of energy stocks, although it has no oil or gas production. It was probably a little high at the $46 level back in early August and should have been trading around $40. However, the selloff recently to sub-$38 levels is an overcorrection. Should be trading at $41.50 to $42 by year end and $46-$47 by middle of 2006.
Agree?
saw that yesterday. I contend that the entire group has been in a corrective mode since late july/early august. The correction was interrupted with Katrina where alot of these stocks rallied briefly. I will post a chart of XTEX and blog from there.
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