1. U.S. throws lifeline to distressed auto suppliers -5 Bln $ promissed to auto suppliers in low interest rate loans -good for HAYZ to refinance
2. Auto stocks Rally Shares of American Axle rose 0.7 percent to $1.56 on Thursday, while Lear surged 84.7 percent to $1.33. GM rose 8.7 percent to $2.87, and Ford rose 1.6 percent to $2.51.
3. Price of Dollar Down (EURO Up 1.34) -1.6 Bln sales of HAYZ are international (mostly in euros)
For those who like profit taking early - take it and get lost !!!! This stock is going down to 3cents and that is OK, I'll be buying like crazy.
For longs- accumulate, spring is coming. Soon we will see a dollar. (matter of weeks)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.