Then there's PVH. This is the toughest of the lot, because CEO Manny Chirico told us last night that he had to lower guidance and reset the whole year, not the quarter. Manny didn't hold out any near-term hope. To me that meant, be careful, you could have a Lee jeans situation. I will sit out that sale and let things shake out. No hurry. We will get a chance, as I don't believe the sellers are finished, and the stock could be in the penalty box for at least a couple of weeks, as the news was truly disappointing. We can circle back to that one.
Remember, when you go shopping, you now know to look at the web for competitive information before you buy. Same with stocks: Forewarned by the web is forearmed in the market. Know your expectations and you can make money. If you don't? Stay away from the mall. You'll just get fleeced.