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ShopKo Stores, Inc. (SKO) Message Board

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  • snugly60031 snugly60031 Feb 14, 2001 7:42 AM Flag

    New Run-Up

    Yesterday was normal profit taking. The fact that the stock ended unch was encouraging. I still believe $12-$14 is reasonable near term. Longer term, who knows.

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    • Agreed. Yesterday, retail in general was up 1-2% in a day that the broader market was down. The fact that SKO was neutral, was actually a positive.

      With another rate cut on the horizon, this will only contribute to the momentum of this entire sector.

      Understanding that the entire sector will remain strong for a couple of months going forward, more money will continue to rotate out of other underperforming sectors. Fidelity with their increased position (12.6%) in this company IMHO demonstrates the point.

 

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