Friday, December 12, 2008

AutoNation (AN 9.50)

AutoNation will find support at $8.10, incidentally right where the pre-market has it priced.  I'll show it the door if 8.10 can't hold.

Just short of posting it I'd thought that the White House would step up and provide the funds for the bailout out of the TARP money.  I think it's likely that they do but how the auto stocks will ultimately react is up in the air.  Seeking alpha but managing beta.  I've a very itchy trigger finger.

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