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The Goodyear Tire & Rubber Company Message Board

  • mitchad1 mitchad1 Oct 1, 2012 8:55 PM Flag

    Bad News for tire companies

    I like the stock (GT), but asian countries are cutting production and Thai gov't is buying above market prices. Spot Rubber up from lows of 120's to 149 just this evening. If you own GT you might want to sell some or all into strength, cover with at the money calls, or buy puts. This is not a short term phenomena and may last until the end of year - the asians are declaring the bear market is over in rubber. Watch how this thing trades ......

    Earnings should be good this quarter and if there is a big pop you probably want to sell some or all. OK - I have done my part for full disclosure, now if you are long it is time to do your homework. Never never take a poster at his/her word without checking the pertinent facts.

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