REX American Resources (REX)

[Hornice]

I have been guilty of trying to catch a falling knife in the past. I have learned to be patient when finding an entry point. Rex did goup fast in April, and the share structure is what makes that happen and it is one of the main reasons I would like to buy into this company.

That being said, Rex was overbought and the usual profit taking was going to occur. For the same reasons that it went up fast it has gone down fast due to that profit taking.

I'm confident it will consolidate somewhere between $56 and $50. When we have I confirmed bottom, I will enter and add on the way up.