Motorola Inc  (MOT) Trade Now »     Rate MOT  -  Discuss MOT  -  Add to Watch List        

As a contrarian and rare-event observer, Motorola is a buy. Here’s why.

Our own market psychology reading on 2008-01-24 was 19, the lowest on record. The closest was nearly 20 on 1987-10-26, more than twenty years ago.

From a low of about $2.40, it hit $3.60 twice, once within three months and another within nine months.

If history were to repeat itself, I would expect Motorola to hit $16.00 within similar time frames.

What about the potential downside? Drawing a trend-line, you can easily see the support at just above $8.00.

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