We got momo mojo, bro!
Professor Succo, regarding Harley Davidson (HDI):
1. Wait until HDI get the brilliant idea to, get
this, offer their bikes at the 'employee' discount!
That grounding breaking sales move should clear out
2. Stunning how the same names that were left for dead
in April now all of a sudden turned around their
business and are making great comebacks - it only
took 10 weeks to turn things around. Great companies,
I tell you.
3. This is pure speculative garbage. Like I have
said, the momentum players won't lose until somehow
(SOMEHOW) they lose..........
Longer dated puts are becoming very attractive on
names like HDI, RIMM and BBY in my opinion. Have a
nice weekend and remember don't waste too much of your
days doing research - it just doesn't matter.
We can also add GM to the list. A few weeks ago the company was among the left-for-dead... then Kirk Kerkorian buys some shares and suddenly there is value. A major analyst last Thursday capitulated on his sell rating on the stock and raised his target from $20 to $40, while only raising his earnings estimates by $.40. Therefore, he more than doubled his estimated P/E assumption. Reading his report, he gave no good reason for the boost except that the company has reduced inventories (by slashing prices and thus reducing future sales).
Analysts and media cannot resist getting bullish as stocks go up, they are paid to do so.
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