I just wish the seller who is determined to keep the price low would give up!!
The last 3 days the stock has opened quite well, and firmed for the first 30 minutes or so. Then the seller(s) come back and belt the proverbial out of any rally - hitting a few bids and then putting in a series of innocuous looking offers - getting paid and then topping up the sell side for the entire day.
Beats me what is going on, management has re-affirmed 2008 outlook. Citigroup has ALS at a 14.5% eps growth for 2008, and a gross yield (on todays close) of 10.30%.
The 8 brokers covered by FN Arena have the stock rated from hold to Buy/Outperform and an average target price of $12.70.
For better (and I hope not)/worse I bought some more tonight at $10.00.
Let's see what happens...........
I just wish the seller who is determined to keep the price low...
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