Saturday, April 04, 2009

Saturday Rock Blog: Fire on the Auto Zone Mountain

I found this clip in an article by Todd Harrison over at Minyanville, he seems to also enjoy mixing great music with financial musings. While he wasn't talking about AZO the video made me think of this top heavy stock because it dropped from an all time high on a surge in volume. That's the classic sign of a reversal. I don't want to make a big fundamental argument for or against AZO but I will say I don't buy the story. Also, as a counter trending stock I feel comfortable being short it in a market that's rallying. Anyways, here's the fire:

And here's the mountain:

Disclosure: I own AZO puts.

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