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Post# of 116578
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wadegarret

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wadegarret

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Re: RNsidersbuying post# 35776

Monday, 05/29/2017 12:38:18 PM

Monday, May 29, 2017 12:38:18 PM

Post# of 116578
RN- AXL

The sector is out of favor. Not helped either by autozones(AZO) bad Mar qtr results just in...

http://www.marketwatch.com/story/auto-parts-retailer-stocks-tumble-in-wake-of-autozones-disappointing-results-2017-05-23

RN, when a sector gets out of favor, my advice is not to play any stocks in the sector, regardless of PE. The steel sector is a prime example. RYI went down almost 40% after a great Mar qtr and decent guidance. Some on this board would say to buy when a stock gets hit bad for no reason, even if the sector is out of favor. However I don't believe in getting in negative sectors. Better off getting in when the sector recovers, as much can be lost trying to time a bottom. I'd be careful with AXL.
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