Fastenal (FAST) sells fasteners, and related industrial and construction supplies, and Thursday they reported an EPS and revenue beat. The charts were weak back on July 13 and they look weak now. Let's check.




Fastenal (FAST) sells fasteners, and related industrial and construction supplies, and Thursday they reported an EPS and revenue beat. The charts were weak back on July 13 and they look weak now. Let's check.
The bulls' story always sounded like a stretch, and now they will have to develop a new narrative to help drive a recovery.
Let me show you what I am seeing and the key price levels to watch.
I didn't like the idea of a cash deal at the start, but after going through the fundamentals, I think it's a wise move -- and here's why I'm adding the stock.
Here's why I like this gaming-related play, and why stocks could eventually offer some good entry points -- but not yet.
Markets are a discounting mechanism.
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