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Brown Cafe UPS Forum
UPS Discussions
Short Fedex or Long UPS or Neither?
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<blockquote data-quote="toeknee2gx" data-source="post: 269525" data-attributes="member: 7958"><p>im not a chart guy for the most part but judging from just the RSI, fdx might be under bought right now...</p><p></p><p>shorting FDX in the short term could be a good deal because of the recent news but they do that all of the time. They always say that their earnings outlook is not as good as first thought, then they surprise the street when everyone forgets. I do think that rising fuel costs and many many other factors will hit both companies hard with oil near $100. If I was an investor, neither would be an attractive buy for me right now. But if you're already holding, keep holding.</p></blockquote><p></p>
[QUOTE="toeknee2gx, post: 269525, member: 7958"] im not a chart guy for the most part but judging from just the RSI, fdx might be under bought right now... shorting FDX in the short term could be a good deal because of the recent news but they do that all of the time. They always say that their earnings outlook is not as good as first thought, then they surprise the street when everyone forgets. I do think that rising fuel costs and many many other factors will hit both companies hard with oil near $100. If I was an investor, neither would be an attractive buy for me right now. But if you're already holding, keep holding. [/QUOTE]
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Short Fedex or Long UPS or Neither?
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