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W.W. Grainger, Inc. Message Board

  • missmarket30 missmarket30 Oct 16, 2012 1:45 PM Flag


    today people are just covering and trying to get out by pushing it higher - tomorrow it will be sub 200.

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    • Aren't you the one who was pushing CRR stock long at near 100/share and then in the 80s when now it is now in the 60's where it has languished for months? Yes, of course you are, Missmarket! I remember the handle!

      You did the same thing with CRR stock, except on the up-side, making multiple rather hysterical upside predictions on the stock price (which were, of course, all dead wrong) without backing up your 'prediction' with any substance. A slight miss with a growing company in a slowing economy is not going to be a catastrophe for this stock. Short term, the market is in correction, but price action was actually quite encouraging after the dip under 200.

      IBD gives GWW a composite rating of 95, an EPS rating of 92 and a B+ accumulation/distribution rating. The stock is 5.5 percent off its 52-week high and recovered today to 1.3 percent above the 50-day moving average, indicating strong support at that benchmark level. The stock also closed 12 points above the low of the day.

      You say it is people 'just covering and trying to get out by pushing it higher,' whatever that means. A far more likely scenario is institutions buying the dip and fast in mass programmed purchases.

234.49-0.24(-0.10%)Aug 30 4:02 PMEDT