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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (49789)	10/18/2012 12:50:30 AM
From: Spekulatius	1 Recommendation Read Replies (2) \| Respond to of 78742

Re CSX - I think it is a play on coal, industrial demand, housing and higher diesel prices at the same time. UNP is the better franchise, but the price is a bit rich. I just happened to be that the market overreacted (imo) to CSX earnings release, so the stock was available at a decent price. For me, buying stock, is a little bit like going fishing, I put lines out (GTC limit orders) and at the end of the day, I check what i have on the hook or not. A little bit haphazard but the market is often a little irrational in the short run, and you get stocks a few % cheaper than just buying at prevailing market this way (or you end up with stock that you shouldn't have bought because you missed some news and didn't pull you limit order ).