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Pep Boys - Manny, Moe & Jack Message Board

  • bluebloodedtrader bluebloodedtrader Oct 11, 2008 8:29 AM Flag

    new low ,then rally

    It looks like PBY experienced a classic intraday reversal, as the shares made a new low then rallied back into the green by climbing 24% from its low on the day to its close. It could of been an capitualtion.Back in 2001, the shares touched these levels before only to run up more than 600% to the $27 area. Will history repeat itself? Another point..FMR sold its entire position in PBY according to a 13 d filing out on 10/10/08---these guys dumped about 1.7 million shares of stock---now that their selling is exhausted, the stock should see a nice bounce since this selling pressure had put a huge strain on the share price.Another question:For every share sold this past month, there was a buyer--who has been accumulating PBY shares? The smart money?

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PBY
9.61+0.19(+2.02%)Dec 26 4:02 PMEST

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