TAKE A LOOK AT THE CHART see the bull wedge price will move up from here. unless we have a complete collapse. 28.55 will move up from here. Zack's trying to slow move down so clients/big boys can load here.
Today's downward action won't last long maybe a day. 1.6 billion free cash flow. totally debt free in 4.1 years if they wanted to be. Can buy back all shares in 5 years if they wanted to. started position 28.56 also sold jan 25 puts for 2.96, annualized return of 14%. if the market continues to miss price i will buy more. Historical p/e 14 earnings target of 3.07 this year =43 average price. 2013 $4.40 eps at 14 X Average PE $61.60 Note that i say average pe.
WHY WOULD YOU SELL, ANSWER YOU WOULDN'T UNLESS YOU NEED THE MONEY DESPERATELY OR YOU ARE TRYING TO SQUEEZE THE LAST PENNY OUT OF YOUR SHORT!!!
10 year low P/E 4 2009 DOW at 6500, OTHER THAN THAT IT WAS 8.
CURRENT p/e 7.92 !!!!!!!! WHY WOULD YOU SELL?????
ANSWER: LONG MORON OR SHORT MORON EITHER WAY YOU ARE STUPID!!!!!!!!!