AUTONATION INC

new low is higher that last one

Both $FCAU and Schaeffler (SHA) are still good value plays in Europe. In the US $AN stands out with a PT of 48.95 and a SL of 38

I am long AN $38.00 puts that expire ten days after the next earnings and revenue release. I expect the numbers to be poor, and I expect that the stock will sell off even more after this release. However, I got a message asking if I thought the market will go lower from here. Likely, not until the release. But, I will take if if it does go lower.

The consumer is slowing. Lending is cramping up. Used car prices are falling. Auto Nation has no chance of hitting their earnings expectation. With a $40.00 price, buying a $38.00 put with an expiration just past the earnings release, August 8th release, August 18th expiry date, the $38.00 put is bid at $1.35. That is a very easy long put position.

Nice double bottom

AN should move up int earnings nice double bottom

take advantage buying 21APR 45 puts

A recent outbreak of doubtness has settled in this stock. General investors started to go out like the paulative decreasing in volume shows. Bullish hammer shows an attempt to determine a bottom.

ready to reverse higher from here

AN wants lower, so take this opportunity