Be careful. I think the momentum has changed to positive. I was in complete agreement with karen as well but the election and the Fed action today is putting a big liquidity injection into the economy. This is unbelievably bullish and all ships will rise. I still agree that the fundamentals are weak and management is fast asleep but............ No short here yet. be very careful on shorts over all.
If I hear someone say the exact same thing one more time I'm going to be sick all over my desk.
The market goes up when the FED takes action. *GASP* *REALLY?!* Who knew?!
The facts remain about the company. The FED buying bonds only helps in the interum, for ALL stocks. It doesn't change anything except how day traders react. 1 month down the road everything will be right back to where it was 1 week ago. If you're suddenly bullish b/c the current stimulous you better be ready to be suddenly bearish come December.
“lot of the value managers are very good and very skilled. The thing that troubles me, though, is that some of the best value investors are on the short side. In the history of man, the markets have never been better than they are now for shorts. But some of these fellows are out to destroy businesses, such as when a business needs continuous access to capital markets—whether it is Bear Stearns or Lehman or, believe it or not, Goldman Sachs [GS] in 2009, and General Electric [GE]. Shorts, with present methods of communication that include blogs and cable television, might be able to bring any of them down.” ——An interview with Marty Whitman