nottheSEC (72.43)

Has "discretionary" been redefined or is Mr.Market in love with furniture,Auto dealers and chicken?

June 30, 2009 – Comments (4) | RELATED TICKERS: ZZ , FBN , SAH

FURNITURE 

IMHO all.If you look at Furniture Brands, Lazy Boy and Sealy respectively FBN,LZB and ZZ  you will see 3 companies dealing with no consumer confidence and products that are totally discretionary. Yet

....You will see the go up with no news i.e Lazy Boy LZB

.... Analyst recs for Sealy and Lazy Boy and in the case of LZB low earnings expectations they were sure to beat

... In the case of Sealy there is no reason for this comapny to not be bankrupt tommorrow yet we have 10% up swings in a week. FBN is also not a float by much.

 AUTO DEALERS

Was there any reason for Sonic automotive (SAH) to go up from $4 to $10 the last 2 months. I know car sales are picking up just this month but most of the movement was two months ago and again discretionary. Other dealers have gone up similarly like  Asbury Automotive Group (ABG) but not as dramatically

CHICKEN

Why is is that Pilgrim's pride has been a 20 bagger despite bankruptcy. I know the owner Bo Pilgrim is dedicated but darn.