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  • zotto_zippo zotto_zippo • Jul 8, 2003 2:17 PM Flag

    Possible short?

    Nothing goes straight up forever. i rode this stock from $35 to $50. i wonder if it is time for a rest for tsco? any similar thoughts?

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    • ok_to_take_profits ok_to_take_profits • Jul 8, 2003 3:30 PM Flag

      Short stocks on weakness, not strength. This stock (chart) keeps acting perfectly from a strength standpoint. Stock actually showed net ACCUMULATION when it sold off recently. If it doesn't set a new 52 wk high, you might want to try a short, but risky right now, and frankly I would be very surprised if we don't see new high soon.

    • langdonsmith langdonsmith • Jul 8, 2003 2:24 PM Flag

      im a voice in the wilderness on this point. I believe this stock will double again in a yr...Some on this board have been talking incessantly about trading this stock..its gonna fall.. its gonna pullback..etc..of course it will..But theyve been trading the stock and havent maximized the run from 30-$50...IMHO this is a stock to buy and put away for 3-5 yrs.at least reward yourself with 1 yr lower cap gains(it will be higher a yr from now).it will be a category killer in retail and ultimately be bought for 3-5Billion by wmt or sears or other..

 
TSCO
117.61Jun 18 4:00 PMEDT