Wednesday, June 20, 2007
With the real estate market malaise that we warned you about, and with interest rates ticking higher and gas prices, its obvious that adults don't have the same amount of $$$ to buy expensive toys. Thus Harley Davidson (HOG) is exhibit A as the type of company that will struggle from future sluggish sales. Short Harley Davidson, up to 66, with a buy stop above 70. If we are right about this one, the downside is almost 20 points to the low 40's.
Posted by Steve at 9:01 AM