Monday, February 1, 2010
Buy, buy, Bucyrus!
On January 12, I said to sell this name at 66.66 after Cramer touted it on my bye, bye, BUCY piece.....after advertising on July at 28.92, and retouting before Halloween at 49.
So now it's time to buy it again. It's ready on the charts, gold is bouncing, and at under 54, its a buy and not a bye! You also get another catalyst---I think it gets touted on Fast Money tonight.
The stock is a favorite number of those guys, and the option activity leads me to believe that they need a pump in their back pocket, and they are already talking up the material names, so they'll group BUCY in that mix.
At least, that's how I see it.
But in any event, the stock is ready on the charts, so I'm back in!
Posted by Palmoni at 1:33 PM