The Goodyear Tire & Rubber Company (GT)

RobinMorris (77.66) Submitted: 1/11/07 2:02 PM : Start Price: $24.82 GT Score: 4.34

My foolish performance has been mediocre of late. Basic reason is that I shorted a few large caps and was caught on the wrong side of the market these past weeks. (Also had a bummer called DRL which now seems to be coming back strong?) However, in the real world I have been watching GT for a while. It was an earlier successful Long foolish pick of mine. A few days ago I considered that the recent run up was overdone and so I shorted (with Real $$$). This has proven a bit hasty as I am currently under water. Certainly I was shorting a Mac truck running on Goodyears .... the darned thing would not stop (going up). But today I felt, in a foolish sort of way, that perhaps the tide is now turning (or the gear changing ...) so I select it as a short pick. The daily and 60-minute stocs are overbought so here goes .... Target foolish covering exit is in the $23.00 area. And that's where I will exit my Real $$$ as well.

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