Thoughts for June 27, 2012 3

This one still looks like a pig to me. I got stopped out on it once when it popped back over the 200-day moving average. Sales had declined in the first quarter and I expect more of the same in the second. These guys also have exposure to Europe so the weakening euro will likely hurt them too. All said, I would not be surprised to see this stock drop to $18 and then eventually $15. Two points is 10% though with this stock trading at $20 so rallies can be painful!