thanks chris, hpq is on my list right now,
fwiw, even when I'm pessimistic I'm 90-100% in the market, optimistic it goes to 150-190% (which tended to work out well, 'cept for Q4 2008 into Mar2009, but we survived....)
good weekend, nm
Agreed. There will not be a summer rally. I think BKE could easily drop into the low 30's and I personally wouldn't buy shares unless it were at least that low.
I'd say mid-late summer would be a better time to look at BKE.
On the other hand I think Hewlett Packard may be a good opportunity now. It has started to beat the DOW for most of the last week and the valuations on it are at the lowest levels in at least a decade. It is also set to issue a release date on it's Touchpad tablet computer (similar to the Apple ipad) and their lack of exposure to the tablet computer market has been one of the main complaints with investors.
I'm not just trying to pump HPQ because I know that what I say here won't be moving a Dow component. Just thought I'd share my thoughts on it.
As a lt investment probably OK to buy BKE at 47, better now at 40, even better coming if 2 year pattern holds, so we'll see.
Summer rally? I'm not feeling it, so maybe buys in Aug/Q4, see how it goes.
I don't think there's any immediate huge up-side in the stock market, but I think stocks are generally attractive after a month of declines. There are a lot of good buys out there.
BKE is one of the few teen retailers that I think its actually a good stock to own.
I think it's entirely possible that the stock market will continue to drop through June like it did last year, but with lots of good companies trading at 9 or 10 times earnings I think it's hard to expect any major declines right now.