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Pep Boys - Manny, Moe & Jack Message Board

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  • shorthighcoverlower shorthighcoverlower May 5, 2009 11:07 AM Flag

    Next leg up starts today !!

    Impressive relative strength evident today. the shares are strong despite a selloff in the overall market. I am inclined to believe PBY's correction via profit taking has finally run its course and the shares are set for a nice rally--mark krieger

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    • right on mark,

      Whats your take on the SPX? I look around and everyone was calling 87x support. Now we are north of 900. Gotta believe we now have a significant market tailwind.

      Looks like we may be getting an early 200x redux when PBY did the same thing and ran to $12.

      History repeating itself? Gotta think so and the macro environment is even better for used cars with nobody buying new ones.

 

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