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7 Comments:
GU would look attractive at $12. Today's sell off looks like overreaction. I won't be surprised to see it bouncing up on Monday. I am considering buying some right before the market closes.
I wish you luck, my friend!
:)
Why is it selling off so abruptly, I can't find whats causing it or I am just not looking in the right place.
investors are afraid that the rising cost of raw materials might cut its margin. This isn't something new. Commodities are rising for the last 2 years.
http://www.forbes.com/markets/feeds/afx/2008/04/24/afx4932786.html
TG,
Did you sell your GU ? what stops do you have ?
thanks !
Friday's sell-off was due to Jonathan Lebed issuing a sell alert. I am sure he is short the stock.
I thought that GU's proprietary technology included used cooking oil, so how can a rising price in materials affect them as much as a competitor?
Yes, I am still in, after buying 2x's more later in the day. I have never "followed" this Ledbed kid, so I am not familiar with how long he usually "keeps on" about a stock. I doubt he is out of his short tho.
I will buy a Put to hedge this new position until GU clarifies how rising prices will or will not hurt the company.
And imo, they need to address that ASAP due to the hit on share price.
Thanks TG,
I read a cpl of lebed messages on a message board. If the messages are any indication to when he is going to get done shorting.. I guess hes gonna go till this hits single digits.
I agree with you, GU needs an IR right away, and if that does not happen, there might be some reason for the drop - and out might be the way to go!
thanks for replying and happy trading
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