Tom,
I think the SUNW trap has sprung, but will only get 'confirmed' when it sees 52. That level it bounced off of was a nice 'interior' bullish support line started at the low point last October. (Interior support/resistance line defined as one that is above/below the long term bullish/bearish support/resistance line that defines the overall bullish/bearish trading channel limits.)
I'll try to get to BIKE.
Ahem, down here is the South, we don't consider Racing (that's NASCAR to you, Sir!) as a leisure activity.... it's big, BIG business.
That particular stock issue is the pet of Bruton Smith the owner of the Charlotte, Atlanta, Texas, et al (that's Latin for 'and others', boy.. not what the gator did during Al's last fishing trip) Motor Speedway's. Typically the events are sold out, for seating, three to six months ahead of the event day. We're talking 100 thousand+ seating capacity facilities here. Concession and souvenir sales are phenomenal. With a mix of the Classic stars like R.Petty ('The King', to you..) and newcomers like Jeff Gordon there is no sign of any kind of de acceleration in interest. The industry seems to be gradually phasing back the old, obvious linkage to tobacco monies and ties. With the introduction of sponsors like Tide and Kelly Girls and Leggs, the fan demographics are widening.
Ben A. |
