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Message Boards Settings Pep Boys - MM&J (PBY) - Quote Info
Re: Disclosure     31-Oct-09 10:59 am    
The fact that ORLY held on to 90% of it's gains from Thursday is a testament to the sector and it's future. I am trading PBY daily/weekly at present and the volatility is what's allowing me to make a lot of money. However, that's why I'm nopt worried about the small dips. LT PBY will continue to creep up ......we're seeing high volatility but higher lows also. I will be greatly surprised if we dip and stay under $8.50......could hit $8 if market drops another 200-300 points but this sector is solid as will be confirmed by future reports from the sector. MDS caused a lot of negative reaction to the service side with their report on Thursday. I just took a day trip yesterday and drove by about 50 dealerships that I could see from the roads. It was a stark contrast to what I was used to seeing and a strong confirmation as to why the retail, service and commercial side of this sector are going to blow away their numbers for the forseeable future. I bet a counted somewhere between 2 and 3 dozen dealerships that used to have 100-200 cars on their lots with maybe 1 or 2 dozen cars now. It was sad seeing them parked 30-40 feet apart just to fill empty space.....going out of business, being shut down. Their customers are going to have to go elsewhere......MNRO CONSERVATIVELY estimated .5 to 1.5% same store growth PER QUARTER YEAR OVER YEAR FOR NEXT 5 YEARS.......I have said for over a year now that we wouldn't see the benefit of the dealership closings till end of this year with most starting next year......I am even more convinced now that MNRO will prove their projections way too low. That's why Cramer is such a fan of MNRO. I believe most of the money has already been made in MNRO. The play is now PBY...........for the first time in quite a while I really believe now that PBY is going to blow awat their EPS projections on 12-07-09 and beat their revenue forecasts with a small sales increase. This will be the catalyst for PBY moving solidly into the $10-13 trading range. I suspect we will hit $14-18 by this time next year easily.....I will continue to trade but plan to take a large position and hold 2-3 weeks before 12-07-09. Keep in mind, Monday should see PBY bounce up as it wasd again oversold on technicals with Tuesday being the day they present in Vegas. We could easily see a run to $9.50+/- by Tuesday evening. DaninFW
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  Subject Author Rating Time of Post (ET)  
 
Got in at close: 8.78/share.
frankie_g_9... Rate it 30-Oct-09 04:05 pm  
 
the party started 8 months ago at $2.5 Now the ...
erbium_dope... Rate it 30-Oct-09 05:25 pm  
 
I tend to agree,PBY may be turning the corner...
b7476d21709 Rate it 30-Oct-09 07:10 pm  
 
Re: Disclosure
daninfw04 Not rated 31-Oct-09 10:59 am  
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Pep Boys - Manny, Moe & Jack (PBY)

Chart for Pep Boys - Manny, Moe & Jack (PBY)
At 2:36PM ET: 8.505 Up 0.005 (0.06%)
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