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|Subject: Re: Vulcan Material’s 7.15’s of R||Date: 1/30/2013 4:06 AM|
|Author: howardgt||Number: 34733 of 35498|
I think the whole industry is on a tear… Anticipating infrastructure projects.
Take a look at USCR. I received new stock as part of the BK reorg at around $10. It kept dropping and I kept averaging down (I know, I’m not supposed to do that :). Anyway, I bought at $8 and $5 and then decided to hold what I have and just forget about it as it kept dropping (no stop-losses for me).
It bottomed in the 2’s and it’s now around $12… I should’ve continued to average down as planned!!!
I took the elevator ride all the way down and now I’ll take it all the way up!
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