There are two certain consequences of this natural catastrophe. The already-rising price of corn will continue to rise, and tens of thousands of individuals will now find themselves in need of lumber and other home building related goods. This reality combines with the fact that we’re in the midst of the 2008 hurricane season and Florida, the Carolinas, and other coastal areas could experience property damage.
POTC will buy Home Depot (HD) and Lowes (LOW) in anticipation of increased sales and revenues over the next several months.
Limit buy $23
Stop sell $21.20 (8% loss)
Target $29 (26% gain)