Russel Metals Inc T.RUS

What the... ???

[mbuch]

eom

[TimeBuilder]

Today's morning HIGH was $ 36.80  then the bottom fell out .... down $3.10 .... Agree what happened !!  Volume ...who is pressing ? Research is required to explain this kind of drop....???? Lucky that we got in Sept 14/2004 @ 12$$  few more added April 11/2011  Still a very GOOD long term investment for growth & dividend  IMO Regards to ALL holders OLD & NEW

[BearBullBrian]

I think this is a "sell on news" reaction. What else could it be? BBB

[JayBanks]

  Most action happened at the start of the day and then rose as the day went on, that looks like someone took home major profits. Maybe part of rebalancing in a fund or something, this has had quite the run it is likely it's become a larger weighting in many peoples portfolios. That's the best I can do at rationalization of it myself. I'm thinking of throwing a stop-loss on

[Freezerburn]

I think it's a "buyon", "sell on news" opportunity.

[TimeBuilder]

Hope you are correct in your thinking & this will/should  pop back up after digesting the numbers... TimeBuilder

[ol_griz]

Exactly.  I bought more on that dip as fast as I could.  I may hang on for the run, not just the bounce.  That was a fine report.