Recently there have been several posts predicting a precipitous change in JWN stock. They were correct - just not in the right direction. Instead of sinking - it has been growing. All while against the trend of many stocks selling off. Could be they are doing something right?
Hardly. There is a very broad market sell off and you figure this is a problem with JWN? Back to the turnip patch.
Well - you are talking about a time when virtually all stocks took a beating and later recovered back to more "normal" levels. Ten to one the stock doesn't even come close to dropping to 60 - unless of course it moves above 70 at which point we may see a stock split.
Cannot believe a 3 and a half point dive because 'Fidelity' rated them a HOLD! But the 'Street' Ratings team rates NORDSTROM INC as a Buy with a ratings score of A-. So I would think the purge/dump will stop! Thus a chance and a real change to BUY and catch the shorts with their belt loose and acquire some good stock at a good price!
such a poor showing of JWN tells me this may go down below 60 next month! Goodbye to the 5 year+ rally that brought it up from the 20s level.
This is very sad ... if dow now gets hit with a 500 point drop, JWN can easily go to its 52-week low of 54.90, no? Where is the next support?
Close to new high for year - in an iffy market. Doesn't look like too many folks are taking your advice on shorting or agree with the bloating comment.