ACAT gone parabolic

Discussion in 'Stocks' started by EliteTraderNYC, Mar 12, 2012.

  1. I think this is a short, agree/disagree?

  2. Disagree, for the following reasons:

    1. Technical: It's uptrending in an uptrending sector/group in an uptrending market

    2. Fundamentals: No Debt, latest EPS & Sales were great, has a popular new product (Wild Cat 1000i H.O.)

    I know it looks like "gravity" should pull those Candles back down, but...

    Don't Short Uptrends! You'll lose money!

    (I speak from lots of painful experience, believe me....)
  3. I agree with this, and disagree with the short idea. If you time it perfectly, you may grab a small gain on a pullback, and look like a hero, but good luck with that.

    This winter was extremely warm, and absolutely sucked up here in Cheeseland for snowmobile sales. But Arctic Cat and Polaris are selling ATV's like crazy, especially to farmers who have taken advantage of the high commodity prices.

    Just look at all of those green numbers...
  4. jnbadger,
    Thanks for the link to - didn't know about them. Like the way it's set up.

  5. No prob. I love that sight.