12631 member “smithers” notes AFAM as an intriguing setup.
And looking at the daily tine framer for the home health provider, it is hard not to see this one as a viable long idea on strength headed into Wednesday. Note the fierce uptrend followed by a recent benign cooling off period. I like it over $32.90.
On the short side, I am still eyeing Ford again, perhaps even General Motors.
Drop me your top tickers overnight.
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BYD, note the vol
Off the cuff comment on F. I ran some numbers prior to the last Detroit “love-in” and concluded that it was a thirteen dollar stock – based on global restructures, especially the decision to scale back operations and lose market share in Europe. So, I was totally wrong… the US market was much stronger than I predicted, and then there was the rising tide.
Not sure anyone is up to looking at the GM fundamentals.
Going short both companies is a sound “hedge”, but you better be equally long somewhere else – it’s that “tide” again.