Jackson Hewitt Tax Service Inc. (fka JHTXQ)

[Doubledown22]

I'm out but may get back in here if I see 2.00 hold..we are in unprecedented territory down here so it is hard to see where the support might be other than historical psychological levels..i.e. 2.50, 2.25, 2.00 etc..

The corporation itself doesn't really have much of any real assets to leverage or sell off if it decided to go into chapter 11 bankruptcy. The best thing for this company would be for Cendant (previous owner) or some other large conglomerate/company to buy it out and operate it as a subsidiary company....and for the love of God invest in a good management team that doesn't wreck the company during their short few months tenure like the last few clowns .i.e.good ol' Harry.
I bet John Hewitt is laughing his azz off..maybe he will buy it back since it bears his name.

Earnings release for this quarter in April will be the final beat down IMO but we may have an oversold bounce or two before then.

imo,

DD22