Replies to post #70502 on $heff's $tation of $tocks & $olid DD

[trade2much]

MACKdid have a downgrade by Cowen to market perform. One FIRM reason, rumor aside, was an earning disappointment. Rumors are funny things and create a 2 sided sword at times.

I am thinking we may see a bit further downside, but wanted to snag some here as part of a 3 part entry for averaging.

They have a good cash position and good debt situation with a relatively small o/s, so this could be interesting.

[trade2much]

MACK link back to yesterday entry 3.87, held up well but 6% was fine by me so I am out.