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Tuesday Morning Corporation Message Board

  • mrmonarch2000 mrmonarch2000 Dec 20, 2008 8:38 AM Flag

    TUES probably going higher long term

    Lots of reasons to believe that, not the least of which home builders and BBBY. If oil and mortgage rates stay down, then all things housing related should do nicely in 2009. Indeed, the whole economy should revive.

    Nevertheless, sold out my entire position between 3:50 and 4:00 yesterday. Why? First, because I saw those last 10 minutes as a fluke brought about by forces having nothing to do with recent developments. Second, no insiders bought and the last remnant of short interest wasn't covered @ $1. In this market I need to see smart money corroborate my opinions. Third and most important, I now see even safer/greater upside potential in alternatives -- a whole host of alternatives that remain crushed on an intrinsic value basis.

    Good luck to whoever bought my shares.

6.67+0.35(+5.54%)May 24 4:00 PMEDT