Would you pay $49 billion dollars for a company earning 2 billion a year?
Technically the chart is rolling over after a long, long, rally. Note the monthly chart above.
I already have a short recommendation on this chart on the daily time frame, and I thought it was relevant that LOW has the same lack of revenue growth as Best Buy ( BBY ). And all the talk about the real estate resurgence has investors all piled into this sector hoping for a profit boom to hit.
Thoughts? Comments? Next due?
Tim 1:47PM EST, Jan 28, 2014 46.72 last -1.28 today or 2.65%