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AutoZone, Inc. Message Board

  • everfoxy everfoxy Sep 22, 2009 1:02 PM Flag


    The AZO chart looks like it has been hitting a series of lower highs over the past few months. I've covered some of my short position because it was too large for my comfort and because I need to leave at 3 and won't be around for the last regular market hour before earnings. I hope that when I want to add back to my short position, AZO will still be shortable. If not, I'll just ride down the short shares I'm holding onto.

    There are fewer shares so that could pump up earnings per share, but I think all that has already been priced into the stock price. AZO will go down IMHO. The question is whether it goes down gradually or whether it gaps down and whether it starts on its way down big time before or after September 30. Any comments by shorts on whether my reasoning makes sense?

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