Thursday, July 24, 2008

AutoNation (AN 9.39)

AutoNation reported results this morning followed by a vibrant Mike Jackson on CNBC. It looks like the stock will open higher today and likely attract some more attention. Definitely try to pick a shot today for another 25% stake.

Likewise, news from Ford (F 6.03) sends another message that perhaps the automobile industry has hit the bottom. General Motors (GM 14.62) is up over 50% from its low.

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