Back in May, I praised the management of Advance for following " Good to Great". What concerns me is that three wise men unloaded over 6 mil in stock in late May between prices of 42 to 45 a share. That's what I would call a MAYDAY CALL !. As an investor, common sense is telling me that everything from this point forward for awhile will be meaningless. I think the Street may be sensing it also. I believe in Advance, but actions speak louder than words.........I hate to think there is another book out there...... "Good for Greed" that I haven't read yet. This stock is definitely not a clunker, but I am afraid those three wise men are telling me this one is going to be parked and put up on blocks for awhile. Riggy
Anyone with half a brain should realize all the autoparts stock were overbought. Advance in particular has been loading up on upper echelon bureaucrats since the new crew took over. Just look at the SG&A expenses. But in the bureaucrats defense, anyone who's not unloading in the 42-45 range is an absolute fool. But it certainly was nice to see this stock moving as it did back in the good old days. But unfortunately, it was just an industry wide bubble!
CJ---Half of a brain doesn't sound so bad----the question is " Is the head half full or half empty?" Aside from that YOU ARE CORRECT. Unfortunatly there is also more crappy news attached to the auto parts bubble-----It's called DJIA