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Jarden Corp. Message Board

  • deeremanuk deeremanuk Jun 8, 2008 7:40 PM Flag

    June 9th Rally

    I am making a bullish prediction for Monday. I think the jobs report wasn't nearly as bad as the 5% to 5.5% unemployment rate indicates. Pull out the teens and it is really in line with current trends. Then we had the comments by Israeli Cabinet minister Shaul Mofaz (saying his country will attack Iran if it doesn't abandon its nuclear program) causing the oil price to spike. I think this doesn't reflect facts. The Israeli's don't threaten they act. This is now seen by the media as bogus. End result, a rally, and this coupled with the huge insider purchase filed Friday, will help incite some of the shorts to cover. With 13.5 million shares short, it just takes a small fraction to propel the stock up. I'm looking for $20+ by the close.

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