Monday, July 28, 2008

Allegheny Technologies

Remember "smart" and "specialty" and "high performance"steels and alloys? Or how about stocks that were "80" going to "120?" Or was that only when ATI was at the door of 120?

Now it's at 45! Good grief. We've heard the bearish story. High gas prices and credit won't allow another plane to be sold again, and demand for their metals will then be blah blah blah....

Last I looked, oil and fuel prices are coming down, and this number is sitting at a three year low.

But most need at least two reasons to buy a stock. I just gave you one. The second?

The Pac Man defense!

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