No replies to this topic

[slupert]

"On Wednesday afternoon we find out whether or not railroad company CSX (CSX_) is still carrying full loads in and out of Florida. The Dow transportation average set a new all-time intra-day high on Friday at 7468.05 but the transportation sector is 30.2% overvalued with an underweight rating, as 76.5% of the 170 companies in the sector have sell or strong sell ratings according to www.ValuEngine.com." First of all, adequate disclosure, I have a LT position in CSX and am hedging into earnings. I'm still LT bullish on CSX and the transports but I agree with the valuation concerns at present levels. this sector might provide some earnings short opportunities. (JMHO)