REX American Resources (REX)

[PetterGG]

Soon time to rebuy?

Lately, I been thinking about rebuying a good amount of REX for a long term position. It is hard to say whether we have hit the bottom in oil or not but I am hearing more expert saying here in Denmark that this might have been the bottom for now. One of the things indicating this is the weekly reaction to the inventory report. Even though it is still negative the oil shorters do not react on it much anymore and insted we see an increased buying interest.

However, the future is as always uncertain.

But, I am starting to consider buying REX again. I would like to have shares before REX reports their next quarter. PEIX did awesome last night, and even though the report period is not the same, then REX generally suprise even more positively than PEIX and GPRE respectively.

What about you guys Value1008 and catkin, who are among the most active. What is your plan for a rebuy and what are your thoughts on the outlook for the next quarter. I am hoping for hints regarding a future dividend or an aqqusition since their dollar warchest is still quite full!