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Cache Inc. Message Board

  • honkykong2001 honkykong2001 Jun 13, 2005 11:18 AM Flag

    Huskdawg, Honkykong here

    I guess last time we exchanged things were looking bleak. I said I was looking for 16/share, so today I am selling my CACH. It has pulled too far away from its 50 day ma and should consolidate its recent run and fall back to around 14. I will be looking to buy again there as it tests the 50 day. It is overbought on all the measures I follow that told me when it was oversold and a good buy. Just thought I'd let you know what I was doing. I'll take 22% any day. Take care. :)

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    • Honkykong,

      Never a bad thing when you can pull money off the table, and it has been a quick run back. I believe I will hold on to my holding, as I believe that we're not quite done here.

      Could be wrong, but I am a buy and hold long term investor.

      Good times!

      • 1 Reply to huskydawg24
      • I think you'll be good either way. I have been testing a strategy of using fundamentals and technicals to enter and exit positions. I think this could trade to 19, but this recent run has been short and sweet so I'm looking for a slight pullback to get back in. Good luck and I'll post some additonal ideas here as they come. Another small cap retail play I've been watching is Goody's (GDYS). It's very beaten down, pays a dividend, has cash and has no debt. Sounds familiar, huh (except for the div)? Take a look and tell me what you think. Good luck with your investing.

        Honky

 
CACH
1.00+0.06(+6.95%)Sep 2 4:00 PMEDT

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