Making Financial Headlines · Page 9
A ski stock finds an analyst's bottom before winter checks in
· New York time
Freedom Capital Markets analyst Jay Woods described a ski resort stock as having found a bottom and said a favorable pattern was forming. The assessment comes as winter approaches. A market bottom is an interpretation of price behavior, not a fact that can be confirmed in advance by the arrival of ski season. The analyst's view concerns a stock pattern; it does not establish how the resort business will perform or where the share price will go next. Seasonal attention to skiing and an assessment of a chart are related by timing, but they are not the same evidence. There is an obvious appeal in finding a tidy market narrative when the weather turns cold. Investors get a slope, a season and a proposed turning point in one package. The mountain, however, does not consult a chart before deciding what kind of winter it will have.
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