IHR Interstate Hotels May correction play

Discussion in 'Stocks' started by michaelscott, May 11, 2007.

  1. IHR

    Interstate hotels just kept going up in May and June 2006. It ignored all of the indexes going down. This is the perfect correction play and maybe the last multi-bagger around.

    When the market started heading back up, then IHR started heading back down. The CEO kept issuing downward guidance pressuring the stock ever lower. The analysts today were expecting a loss of 2 cents, but they actually swung to a profit of 2 cents.

    This play is the most obvious one to myself.
  2. Its going higher 3% as I write this....