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Jack Haddad
  • Sell into today's retail rally 2 comments
    Oct 5, 2009 10:28 AM
    Retail stocks are ralllying in anticipation and hope that the September same-store sales reports later this week will show some signs of improvement.  Since the sector had a spectacular run since March of 2009, I would take this opportunity to sell high and re-load when shares pull back with the general markets.
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  • Macro_Man
    , contributor
    Comments (227) | Send Message
     
    Don't know mate. If we are bouncing off the 50dma on S&P, then the rising tide would lift all boats, including the leaky ones. So, why sell now....why not after stocks have run up to 1100 or 1120? IF, indeed we are going to see dip buying lift stocks up from here
    5 Oct 2009, 10:47 AM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
     
    Author’s reply » The data later this might be bad... and these retailers havehad a tremndous run. M, for example has rallied from 6/share. I'm locking profits until proven otherwise.

     

    On Oct 05 10:47 AM Macro_Man wrote:

     

    > Don't know mate. If we are bouncing off the 50dma on S&P, then
    > the rising tide would lift all boats, including the leaky ones. So,
    > why sell now....why not after stocks have run up to 1100 or 1120?
    > IF, indeed we are going to see dip buying lift stocks up from here
    5 Oct 2009, 02:36 PM Reply Like
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