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2024
May 11th, 2010 at 11:49 am
Aclend –
I think that this one is also a nice longer play. I think that if it can have average to good earnings it will move up, and that will probably be pretty extended because it is so undervalued right now. The stock is almost 20% off of its 52 week high, which it would most definitely test with good reports in 2-4 weeks. With bad earnings, it is already pretty oversold, so it would decline. Yet, the cyclical nature of things would lend me to believe it still would move up after a week of bumping along. A lot of it also depends on the market as a whole. Do you think the market is ready to go up or down? If up, then this is a no brainer. If down, then can ERTS buck the trend. I would say only with good earnings. I am pretty confident in this company, though.