OUT! @ 8.55! I would like to thank all the little people in the world that has made this moment possible for me and my family! LOL 7 Days 3K Whew! Happy Friday to this Great Country!
Sentiment: Strong Sell
Spending at Building Material Stores jumps 6.8% in January yr/yr --- helping to drive ITB and XHB to new 52 week highs today... can housing actually start to lead the Economy higher ? like it has done on so many previous recessions.
Ignore the poor headline Retail Sales numbers reported in Press Today -- dig deeper, all the data is there on the Government website... focus on the year over year numbers not the month over month. As an aside, Restaurant Spending Jumped a record 11.3%
SPF said on their call - January orders were up 27%
Sentiment: Strong Buy
And there's still money to be made on the swings, once we see where the new range is. Still loving this stock! GLTA
no offense taken. you win some and other times...
it is sporting a PE of 15 at this level.
shorts went up 19% from the end of Dec to January 15th it will be interesting to see how many have covered
I was just teasing you. No offense absolutely. I was caught last time by the 10% drop. This time, it's different. It was way oversold in the first place. In two weeks, it might hit $10.
i have been riding the swings on SPF for 5 years. i am not down about capital preservation LOL
a year ago in Q3 they beat and got taken to the wood shed for about 10% that it recovered in 2 weeks. this was a huge run up in 3 days on a beat. being in the industry i have been call for a $12 for over 18 months. i just want the swings and i will get them. and i never thought it would see low 6's anytime soon nor was i waiting for. i just say things get oversold and overbought in near terms. i am just fine LOL Trust me JMHO
Somidalon, I can feel your pain. You were long for the stock. Somehow, you got greedy. You sold out the positions and wanted get back in at the lower 6's. Now, you have missed the big up swing. I feel sorry for you. IMHO, the stock still has room to go up in the long run. It might consolidate here just a little bit.
next move to 10 and then 12.
Analyst price target will be @12/share in the beginning..
And will raise after spring season starts, and numbers look good...
Sentiment: Strong Buy