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AutoZone, Inc. Message Board

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  • devil_take_the_hindmost devil_take_the_hindmost Feb 19, 2009 5:06 PM Flag

    SERIOUS FRAUD IS TAKING PLACE IN THIS STOCK-DESTINED TO CRASH

    I agree Autozone is overbought, overhyped by the media, and kind of a pyramid scheme with all the buybacks and
    increasing debt notwithstanding the fact that multiple stores say their business is DOWN.

    Even if it is not fraudulent this won't end well in my experience.

    It certainly looks and smells like a manipulation but what is the fraud? Please be more specific.

    Thanks

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    • No fraud. Justa classic short Squeeze. AZO looked like it was on the verge of breaking down and got loaded with shorts.

      It gapped up and got on an alert list and Day traders Piled on to create a squeeze and si nce it was up many shorts also Piled on hoping fora partial or Full gap fill.

      But Since most stocks were down this stock got squeezed back to close to another 52 week high.

      Now if the general market is down some longs may have to sell But that Gap up at 137.80 I think will be strong support.

      I am short Via 140 puts.

 
AZO
814.22-1.76(-0.22%)3:11 PMEDT