Here it is why the stock is down today so badly, I could fine no other news about the stock
ACAMPORA TURNS DOWN THE HEAT
LONG-TIME uber-bull Ralph Acampora of Prudential
Securities finally added some negative spin to his unusually
upbeat market predictions. On Monday, he expressed
doubts about some market sectors -- especially basic
materials and nonairline transportation. Still, the pundit didn't
back off his forecast of a 10,000 Dow by next June.
"We think that it's time to become a prudent bull by selling
out of those sectors that look suspicious and to rotate into
those areas that still look attractive," he said in a note to
clients. The sectors he's worried about are railroads, trucks
(and parts), aluminum, chemicals and footwear. Some of the
companies on his hit list: Nike (NKE), Union Pacific
(UNP), Reynolds Metals (RLM), Air Products (APD)
and Cummings Engines (CUMN).
.....................................................................
my opnion on this analyst he is a looser he is late in the game, old stuff that footwear is slow, NKE is down from its high of 75 to 50, so thats a 30% drop, and he says now to drop NKE after dropping 30%, good morning to you where you sleeping all summer long?
and yes maybee some bad news will befall us who knows, but for the recrod before the bad news is here, the managment of FEET is saying that everything is on track, so if we get bad news, it should be a lesson to us that managment down there are a bunch of lyers, i want to say this now before the news hits us that this is my test if they are telling the truth or not |
