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Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Convicted Felons Make the Best Holiday Cakes

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Only one of the people pictured above is a convicted felon.

Ah, yes. Martha Stewart served hard time in Oz, while Jon Corzine dines at fancy New York City restaurants gives the bathroom attendant a dirty look for daring to ask if he is having a fine evening; Life is certainly not fair.

Nonetheless, everyone loves a good comeback story–It’s the American way.

And Martha Stewart Living Omnimedia, Inc. sure has been a monster this fall. After a very steep, multi-year downtrend, the stock surged on very heavy buy volume over the past few weeks. What’s more, the stock has now digested those gains quite impressively, barely giving anything back. I am looking at $3.35 as the next minor resistance to clear, then $3.50.

Yes, the stock is on the thin side and low priced. But this figures to be a major reversal in the works, especially given the volume.

Any ideas on why the stock has become so hot? Buyout target?
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MSO

 

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10 comments

  1. pyromonoxide

    as I mentioned in the 12631, I used to dismiss Martha Stewart until she gangster-ed up and served some time. Now I have respect đŸ™‚ , she’s not one to be underestimated.

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  2. Randad

    JCP deal. Martha is conquering some of the exclusivity hurdles. perhaps her brand can find more outlets. i would never underestimate her ability to brand herself. nice work Chess.You always finding the special situations.

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  3. TheHarper

    Oh, the irony.

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  4. Sooz

    sorta like when she makes her own wrapping paper(hand freaken painted) and ties it all up with raffia and fresh cut roses from her palatial highly staffed and well maintained gardens by the seaside.
    “It’s a Good Thing..” (Martha S)
    ((wth))
    đŸ˜‰

    no position..

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