Shares of Tempur-Pedic (TPX -4.6%) haven't found a bottom yet, even though mattress peers are...

This news story has 5 comments:

Register or Login to rate comments »

Paul Price Comments (1465)
 
Very valuable to be downgrading a stock AFTER a 75% decline.

Good work analysts!
7 Jun 2012, 10:59 AM Reply Like

GaryintheBronx Comments (50)
 
It looks like the bottom for TPX was about 21.05 but didn't stay there long. Wonderful entry point for a company that sells an excellent product line.
7 Jun 2012, 03:27 PM Reply Like

lancejay Comments (79)
 
Yes, that seems to be the case. I added to my position in Tempur-Pedic this morning at $21.31 and $21.27. Hopefully, I will be well-rewarded if I am patient and can ignore the minor ups and downs at this point. I feel that it should do much better once this crazy volume dries up. There were 41 million shares traded yesterday and it looks like there will be more than 20 million shares traded today.
7 Jun 2012, 03:30 PM Reply Like

chopchop0 Comments (1663)
 
I added at 22. It's blasting off today, up 11%
8 Jun 2012, 02:08 PM Reply Like

lancejay Comments (79)
 
Unfortunately I am out of my TPX position at an average sale price of $24.85. It may work a little higher but I felt that it shot up too rapidly and was becoming just a short squeeze play due to the small number of shares. I am ready to re-enter this position although the lows were probably seen at $21.05 and will not be seen again.
8 Jun 2012, 06:18 PM Reply Like