I'm still long Target (started buying at $42.5), I see more room to the upside, due to the buyback, and relatively fair valuation.
On the short side, I love ODP. I see $15 to the downside, and CRM is another great short.
TGT is a screaming buy, with oil coming down. Everyone and their grandmother predicted a broad market slide in Sept/Oct, which is why the slide won't happen. The year's lows in the market were already made during the May through July CRASH. Energy stocks just lost 10-15% en masse during the last two weeks. Way too crowded a trade. TGT will be over $60 by Thanksgiving, according to my crystal ball.
Target is a great steady growth stock. If your looking for something to jump on, make a few points and sell, you should play with google. I've held Target since it was Dayton Hudson/Mervyns and it has rewarded me handsomely.
You have to figure out if your an short or long term investor, only then can you answer the question.
what a psychic?
Based on this informed post from a month back, this stock is all messed up. Should have been hanging somewhere in the $40's according to this brilliant poster.
Now, does this stock tickle the $60 mark at the close, after hours, or does it wait till monday to get to the plateau???
IF anyone is still reading or paying attention since the REPublicans et al took over the laws as REAGAn would say are "frozen". WHat does this mean for target? NO payment necessary on any law suits, and no payments for broken backs. Eliminating liabilities like law suits and workers claims for cos. is absolutely enormous,,, I am very sorry to see forty or more years of individual rights go down the drain while the repubs banter about a small per-centage problem of terror ,, when in fact the real terror is in every day life... ONLY by boycotting TARGET and not working for target can some dent be made in tsunamis like waves over-taking the individual and the ameri. economy. with fewer and fewer individuals owning the real assets of this country,,, while the govt has assisted robbing those who go to work and pay their bills every day.. BUT so,, what else is new,,,unless you BOYCOTT TARGET,,, and do not work for TARGET,,, these are hard alternatives,,, but with the govt ont the side of big business ( as if they were ever really on any other side,,, but now to the extreme) THESE are the only ALternatives LEFT!!! BOYCOTT TARGET!!!! DO NOT WORK FOR TARGET!!!