The conference call went very good. Pretty much every analyst went to bat for the company and showed disdain for the price action today and joy in the company’s turn around ability. I’m very confident in holding these new shares going forward.
From a technical basis, XPO still looks good on the weekly chart and on a daily basis the stock is moving higher back above its 20dma as I type.

A very nice buying opportunity was presented before this conference call. I did find out why the stock dropped. It was because of a 1 time tax item. It was not even a theme of the call whatsoever.

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .