00R's Putting On A Clinic, Schools YOU On Auto Stocks

TheStreet.com reports:

It all happened in 2008: The price of crude oil shot up to nearly $150 dollars a barrel, and auto sales plummeted. The key takeaway from this systemic event was the historical change in the way people looked at automobiles and the way automakers built them.

Then a second shock hit the global economy: a credit crisis. Credit availability tightened. Consumers used to purchasing or leasing cars on attractive terms could no longer do so.

These economic events took a lot of wind out of the auto manufacturer's sails and placed a lot of money on the sideline. And, for a very good reason; sales are the backbone of the auto industry...

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AlleVier - 4/25/2010 1:26:47 PM

+1 Boost

If anyone's going to school anybody on stocks, you'll need to find a better source than TheStreet.com--unless they're going to adopt a contrarian strategy. What were they saying when American Axle was 40 cents? It's gone up 2845% and now they're telling you to invest? They invested a long time ago and are now looking to slowly unload while Joe Schmoe retail investor hopes that he's going to get a 90% return when it returns to 2008 levels. Good luck getting rich on their advice.

Agent00R - 4/25/2010 4:53:40 PM

+1 Boost

And no, we didn't say buy American Axle.

Joe_Limon - 4/25/2010 4:14:50 PM

+1 Boost

lets see.. they recommend a stock that has gone from $2 to $11.66, and another one that is braking its own records for stock price.

I fail to see how this advice applies to the principal of buying low and selling high.

Agent00R - 4/25/2010 4:52:21 PM

+1 Boost

Looking behind is not going to make you money going forward.

Joe_Limon - 4/25/2010 5:15:33 PM

+1 Boost

Most people who write these articles write them because they have some vested interest and it is in their best interest to over inflate them. Go ahead and buy the stocks if you wish to help the author make the some extra cash.