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Old 06-22-2009, 03:58 AM   Nav to Top  #1
ShaggsTheStudd
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Default AAP - 3 year trend, will it continue this year?

Check out this chart on AAP

AAP - Advance Auto Parts, Inc. - Google Finance

I don't know if it means anything, but the stock seems to take a dive this time of year for the past three years, after having a long slow uptrend from the previous years dive.
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Old 06-22-2009, 03:41 PM   Nav to Top  #2
ghoshdd
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what is your price target on shorting this AAP? Why it is short candidate?
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Old 06-22-2009, 05:31 PM   Nav to Top  #3
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Originally Posted by ghoshdd View Post
what is your price target on shorting this AAP? Why it is short candidate?
This is one of those things where we are simply shooting in the dark. My first responce is "look at the graph, decide for yourself." If the dip happens like it has happened in the past, $35 seems like a reasonable target.
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