CSX should blow its top any day now in anticipation of a potentially good earnings announcement within the next week or so....all eyes on CSX. Holders might be pleasantly surprised at the up-beat tone, considering that many staff were laid-off last year for a cost savings benefit and now staff are being re-hired this year.
Any whiff of good news, be it increased sales pipelines in North America, Europe or Asia, and CSX will explode. Currently CSX is displaying a heavily oversold and heavily un-loved situation that could turn on a dime.
With only 77 million shares, its a very, very tightly held register.