Blog > US Stocks and Markets > Genesee Wyoming Railroad (NYSE:GWR) hits our profit target: Here’s what you should do
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Genesee Wyoming Railroad (NYSE:GWR) hits our profit target: Here’s what you should do

Posted August 11, 2008

Genesee Wyoming Railroad (NYSE:GWR) just blipped past our profit target of $45. Here’s what you can do to protect your gains and remain open for further gains.

by J. Christoph Amberger

Baltimore — (TFN): Last Friday, we updated you on our post-flood railroad speculation, Genesee Wyoming Railroad (NYSE:GWR) in Genesee Wyoming Railroad (GWR): Move your stop loss to $41 and keep your eye on our strike price! As a reminder, we logged our entry price for GWR at $34.19. Our adjusted stop loss would get you out with 20% intact, $45 with 31%.

In today’s up and down trading, the stock price temporarily moved past $45 on news that GWR was acquiring additional lines in the Midwest. While validating my original target in just half the time I thought it would take, you may have blinked and missed the crossing of the $45 rubicon.

There is another $2.50 or so upside in the short run. Is it worthwhile chasing? Maybe. Here’s what I think you should do:

Move your stop-loss up by another dollar to $44. When GWR moves above $45 (any day now!), adjust it to $45. This way, we will definitely get out with our initial profit target, and reserve the right to make more money as the stock moves further.

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Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

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