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Genesee Wyoming Railroad (GWR): Move your stop loss to $41 and keep your eye on our strike price!

Posted August 8, 2008

Genesee Wyoming Railroad (GWR:NYSE) is rapidly approaching our sell target. Move your stop loss up to $41!

by J. Christoph Amberger

Baltimore — (TFN): “Use current lows to buy this railroad stock,” I ventured to viewers of Hot Stock Pick of the Week on June 26 — and: “Buy Genesee Wyoming Railroad (GWR:NYSE) below $35 a share with a target of $45 by year-end.”

The way I phrased my buy recommendation may strike you as overly convenient, considering the stock was trading at “below $35″ the day we released our recommendation… and “way below $35″ a couple of days afterwards. But Hot Stock viewers had a chance to buy GWR between $34 and $31 by the time Independence Day rolled around.

I picked this stock because it met all my “DGS” criteria. It truly is a “damn good stock”. If we’d had launched our premium service, Hot Stock Confidential, back in June, it would have made the cut for our paid subscribers. You got it free…

On July 22, GWR was getting closer to our sell target. I asked to adjust your stop-loss at around $39 just in case. Today, the stock hit an intraday high of $43.05 on news that its second-quarter net income of $15.4 million was up a whopping 43 percent from $10.7 million earned during the same period in 2007.

We’re still hanging in for $45 a share. Depending on how the markets develop, that may happen next week. In the mean time, let’s pull our stop loss from $39 up to $41. We logged our entry price for GWR at $34.19. Our stop loss would get you out with 20% intact, $45 with 31%. If you bought lower than we did — well, good for you!

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