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  • AmeriCredit: Risk Worth Taking [View article]
    Alan... we "meat" again!
    ACF's earnings and sales growth are in the toilet, and at a time when the consumer loan industry is about as risky as a steerage ticket on the Titanic.
    I notice that as of Friday, June 20, ACF has hit its current price for the third time in 7 months... a support level.
    If you're right, then this is yet another 'triple bottom' play, and the stock will rebound to the $14.50 or better.
    I've found that the third time a stock hits support is usually the last time it does so and that as this industry is trending lower... your odds are longer than a Mississippi sermon.
    Good luck!
    Jun 21 18:20 pm |Rating: +1 0 |Link to Comment
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