Sunday, August 13, 2006

How will DE do?

With the economy slowing & inflation on the rise, it seemed to be a ripe time for put buyers. However, stocks like Priceline.com (PCLN) & Cisco System (CSCO) rallied after their earnings announcement last week. Thus, put buyers should still be prudent in their choice of options trades despite this "weak" market.

I've been looking for news of any reported cases of drought which might effect Deere & Co. (DE) agricultural equipment's business but have not found any. This share has gone down from $82 to $70 since mid July 2006. How would this stock perform after its earnings announcement on 15 June 2006? We'll see.

1 comments:

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