Alright Traders - Time to Short Diebold?

[MsTryska]

or do y'all think it might be too late?

http://www.fool.com/News/mft/2005/mft05092114.htm?ref=foolwatch

"Don't cry to me, oh baby. Should have seen it a-comin' on" -- Misfits, "Die Die My Darling"

It's time to bring out my padded mallet and play corporate whack-a-mole. Once again, Diebold (NYSE: DBD) has announced that earnings aren't going to be everything they were once cracked up to be.

For the third quarter, management guided expectations down. Netting out oft-recurring "one-time" charges, the company now expects earnings of between $0.25 and $0.30 -- well below the mean analyst number of $0.66. This will be at least the fourth significant analyst revision in the past three months, and the original starting point for this quarter was more on the order of $0.83 per share.

[praisethelowered]

1. I don't think Diebold is in business to make money. . .

They sell thier machines really cheap. . . to get them in place in as many localities as possible .

I guess they see it as a "public service".

[ComerPerro]

2. That's true. They aren't in business to make money. They are in business

to make sure Republicans get elected.

[morgan2]

3. Getting republicans elected is a business of making money

I'm sure they're paid handsomely for their services.

[garybeck]

4. they lobby millions of dollars to BOE officials

they have plenty of money

[Nite Owl]

5. A quick look at the

charts and that sucker is broke no matter what time frame. There could be a backtest though it looks like 45 would be resistance and a more profitable place to go short. Extremely high volume on down days. Bears wathching.

[MsTryska]

6. I'm tending to agree......

wish i had been watching them earlier - would have loved to help take them down a notch.


it might be more satisfying tho, to wait for 45 like you said, and then kick em in the nuts.