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Jim Van Meerten is the Owner and Publisher of http://FinancialTides.blogspot.com and earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and post-baccalaureate and graduate courses in Business Administration,... More
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Financial Tide by Jim Van Meerten
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Financial Tides by Jim Van Meerten
  • CarMax - KMX to the Max 0 comments
    Oct 21, 2009 02:44 PM | about stocks: KMX
    I doubt is there is anyone reading this that doesn't know what CarMax -- KMX does. Personally, I've bought all my cars from them during the last 15 years. You get a great car for an average price, no lemons and always at or below Bule Book, no hassle. I'm adding this stock to my Marketocracy S&P 400 fund for mainly technical reasons.

    BarChart rates it as a 100% BUY with all 13 technical indicators saying BUY. The stock has hit 8 new highs in the last 20 trading sessions and is recently 5 new highs in the last 5 days.

    There are 11 analyst following this stock and I think they are under rating what is happening here. No analyst ratings have changed since mid-June and I think that used car sales is where it's at right now.

    Recommendation: BUY at around 23 with a stop loss at 19

    Jim Van Meerten is an investor and blogs about financial matters on Financial Tides. Please make comments below or email to FinancialTides@gmail.com

    Disclosure: I hold no physical position in KMX at the publication of this blog.
    Stocks: KMX
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  • SNDK- Sandisk Corp -- added to the Van Meerten/BarChart New High portfolio http://bit.ly/3S81Lq
    2 days ago
  • XCO - EXCO Resources - added to VanMeerten/BarChart New High portfolio http://bit.ly/3S81Lq
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    2 days ago
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