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Thursday, June 3, 2010

The cheerleaders come back with JOYG

In today's jump ball, we have JOYG. They beat numbers, and raised guidance, and said good things. Who didn't know that? Apparently Wall Street, even though Goldman topped JOYG yesterday!

“Although all regions showed gains, it was especially encouraging to see order rate improvement return to North America, as these customers pursue strong global demand for metallurgical quality coal. China orders were a company record on strong expansion programs from continuing customers and from new customers as we broaden our customer base, and these orders reflect the benefits of our multi-dimensional strategy for China. Finally, our Operational Excellence programs continue to improve our processes and add to our bottom line performance.”

Oh that's right. We had the intellectual dimwits selling JOYG and BUCY last week. And then, they dumped the steel stocks also.

Sometimes stock prices are wrong. And sometimes they are wrong in size!

Oh My!!! Some cheer for Wall Street!

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