Take this with a grain of saltI love cans long term prospects in a big way, almost feel like buying now BUT....
The writing is on the wall for a potentially massive drop in the markets and I want to direct you to the HXD. In 2008 the HXD hit $40.00.. With the Fed out of bullets and the problems that Europe is facing (I have been advised by a friend who makes big trades for the banks) that its most likely a very Bearish market for the next while.. Probably at least a year. We could very well retest the horrible lows of 2008!
Now, hopefully there is a nice bounce on Monday for retail dudes to move to cash. Try hedging some of you cash on the HXD that presently trades at $11.. Lets load on CAN after the crash, this is a great play but not in a bear market. I have not shorted this stock, its too much of a risk. The company is solid and is positioned with a great chuck of land and some cash..
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