Entire retail sector up nicely today. Expecting some bullish forecasts and guidance to come out of the spls analysts conference call tomorrow morning. Should see a higher opening following the late buying today at the close. Still think we could see $20 by Wed. Any other opinions?
I think staples will sell-off after earnings as usual. It has been acting very funny and has a tough time holding high groung for a long time. i have sold out because of the high risk tommorrow. hope it sells off to the 15 range so i can load up on some more.
Sorry to break it to you, but you have NO concept of the market. The reason why SPLS is going even higher than it is now is because of the upcoming fall season, traditionally VERY GOOD for office supply stores. I bought in at the beginning of july so I could have this stock at a cheap enough price for September. ...OF COURSE you want to buy more if it sells off! But guess what...I think too many people have the same idea and will fuel this stock come tomorrow. After you sold, I'm afraid you'll be kicking your ass after tomorrow. I'm riding the entire wave until it is obvious that it has peaked.