CSX Left Out of the Bullish Tide

Filed under: Stocks to Buy

CSX Corporation (CSX) isn’t partaking in this afternoon’s bullish sentiment on Wall Street. It’s too bad, because the railways latest earnings report would seem to be the type that would spur some buying. The market can fool you, though;that’s why it’s hard to be a trader, especially in such volatile times.

The selling I’m seeing feels more severe than is necessary, but you have to wonder what others are expecting from the company in the near-term future. Perhaps those on the bearish side of the aisle know something we don’t, as they say. Still, if we are eventually to come out of this rough time (which we will), than buying on dips can be a useful strategy, even if it involves suffering through a period of pain.

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CSX Left Out of the Bullish Tide originally appeared on BloggingStocks on Tue, 13 Jul 2010 16:40:00 EST. Please see our terms for use of feeds.

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Wall Street – Business – Market sentiment – CSX Corporation – BloggingStocks