Til the Wheels Come Off

By -

Many of you know of my fondness for being short auto retailers. This really paid off last month when such firms as O’Reilly Auto Parts……..

slopechart_ORLY

……and AutoZone………

slopechart_AZO

……fell to pieces. I think they have much, much farther to go. I’m hanging on to all my shorts.

But the real victory today is Advance Auto Parts, which as this article points out, had crummy earnings and guidance. It’s down almost 30%. Huzzah for SlopeCharts!

slopechart_AAP

Share this post: