Burlington Northern Santa Fe Corp (NYSE:BNI) Can Move Even Lower Before it Reflects W.Buffet's Buyout!
November 03, 2009 10:54 AM
Burlington Northern Santa Fe Corp (BNI) has fallen a lot in recent days and is only looking to make another similar fall as soon as the stock breaks down, out of its consolidation zone.
Burlington is trading at just over $75 today but the underlying direction is down. Downside target objective is $10 lower at around $65, Burlington can offer good Put buying opportunities as well as more complex strategies counting on a rebound later this month.
In fact Warren Buffett is buying the company for a $100 a share which does confirm that Burlington will rise
in the long run.







