Low stock under pressure
I woke up this morning to read this article here at Market Intelligence. This article states that Lowes stock is under pressure because of being downgraded from a “Buy” to a “hold.”
But what does this really tell us about the company?
Has the company released a earnings report? Are they laying off a ton of employees? Did the CEO just make some huge announcement? The answer NO.
Nothing has changed… And this is part of the learning process for me. I must realize that nothing has changed in terms of the company. The stock is reacting to things the market says. So this has brought down the stock. However, is the company still a good rule #1 company? YES.
However, after saying that I’m still watching the Technical indicators. Because if the big guys are getting out, so am I.
Posted
on
Saturday, February 2nd, 2008 at 9:28 am under