You have a good point with the reaction of the
street in face of good news.
I can honestly say I
do not know the answer to your question.
can say that IMO SPLS will keep the rally to upside
going based on the strength I see in it right now, and
I expect the rally to continue
regardless of what the fed does. Unless they go for 50 basis
points, then all bets are off.
At 25 basis points
the street will act like the bad news is behind us =
At no increase the street will act like Greenspan is
happy short term = RALLY
At 50 basis points the
street will freak = SELLOFF
Thats the way I see,
and I am often wrong. Actually about 40% of the
Its that 10% right more than wrong that keeps me in
the game, and usually on the right side of a
I'm holding too, but what happened to Lowe's
today is scaring me a little. They beat estimates by 2
cents, but I guess people thought that the sales growth
of 19% was too low, and the stock is getting
absolutley hammered. Do you think SPLS faces similar high
growth expectations for this quarter? My gut tells me
that the street already knows what to expect for
earnings AND sales growth, and that the company will meet
or beat, so I'm leaving it all on the table for the
high 20's, fed permitting...
You must do what is right for you and within your
own personal trading guidelines.
No one ever
when broke taking a profit.
I am holding as I
see the strength in SPLS. I have traded several lots
last week, but I am holding a core lot that I keep
increasing my trigger sell price for. I am near 30 now on
this target and if the upgrades/reconfirms keep coming
then I may go even higher.
This is a winner,
and I believe you should let your winners
Strategizing question: hopefully I can
some insightful replies.
watched with amazement at teen-drop
Long 200 @17
Earnings announcements tomorrow -- element
possible overreaction pre-earnings
run-up blah blah
Sell the 200? Hold the whole bit? Given
portfolio size I like to keep single-stock
under 10K as a rule.
Princeton, New Jersey, Nov. 15 (Bloomberg Data)
-- Staples Inc. (SPLS US)
near-term ``buy'' by analyst Peter Caruso at Merrill Lynch
The 12-month target price is $33.00 per
share. The shares were also named
``focu s 1''
selection. The long-term rating was reinstated ``buy.''