3M and Sell-off

Discussion in 'Trading' started by sabunabu, Jul 1, 2005.

  1. sabunabu

    sabunabu

    Anyone see this sell-off as a buying opportunity? Sure McNerney left but he still left behind a great management team/structure. What about the possibility of an aquisition?

    I personally see this as a buying opportunity. Thoughts?
     
  2. Brandonf

    Brandonf ET Sponsor

    3m has been one of the weakest stocks in the market for some time. I think the CEO leaving just finally provided the push to move it lower.

    Brandon
     
  3. I concur. It's setting up a beautiful short if it can fight back to 75 area.