Timing the market
Timing the market. It's difficult at the best of times and we're told time and again that you should never try but that doesn't stop us. So that being said I think the worst is behind the auto sector. Yes we're still on shaky ground but if you want to be ahead of the curve instead of constanly playing catch-up you have to look at the positive signs. Daytraders probably should ignore this blog because changes to AZO aren't going to happen ovenight, there are just too many moving parts (pun intended). But for you long investors looking for a stock that has been pummeled than this is the one.
12/04/12 AutoZone 1st Quarter Same Store Sales Increase 0.2%; EPS Increases 15.7% to $5.41
This stock's last quarter beat the street and it's still went down. Why? Probably because this stock will trail the auto sector just because it's very nature.
GM is reporting a modest improvment in profits http://goo.gl/wsBDo,
F is hiring. http://goo.gl/fM7Hf
The German and Japanese auto sector is up. http://goo.gl/tUZ6S
If you look at last year's graph, you can see that the last half of last year was a waste of time. Consider this as an oporunity to get in on the "ground floor" ( if you want to consider $350.00 the ground). Yes, I just got in on this floor.