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Dorman Products, Inc. Message Board

  • moneynow27 moneynow27 Mar 11, 2013 11:10 AM Flag

    Why is DORM still rising, after reporting a weak quarter?

    It really doesn't make much sense to me. No, I'm not short the stock, I wouldn't go short in this market, but I do expect the stock to retest the $33 range, which may be a good entry point.

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    • I probably don't need to tell you what a fool's errand it is to make sense of the daily machinations of the stock market. That said, I do believe that $33 is a good entry point, which is why I reestablished my position when it touched that level a couple of weeks back. As to why it might be going up, well, the stock was recently added to the S&P 1000 at the end of January. This brought attention to a well performing stock in what is still a great sector, IMHO. When investors look at the financials of the company, they generally like what they see. I sure liked what I saw last year and only sold it a month or so back because I sold everything in an investing tantrum over the lack of sense of the market (My own foolishness). DORM was a baby in the bath-water. When I saw it hit on earnings, I snagged them back. I did the same thing with SPLS last week, when it dropped to the low $12's. Those two are the only individual stocks that I presently own. Good luck.

 
DORM
41.29-0.38(-0.91%)Feb 10 4:00 PMEST