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Coldwater Creek, AŞ Message Board

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  • hotformoney hotformoney Sep 18, 2005 9:59 PM Flag

    Breakout this week?

    There is no breakout coming this week, or the week after, or the week after that. Option expirations caused the slight rise on Friday, on less than average volume.

    Stock has not bottomed and macro trend is still down, until we reach $22 -$24. Buy now and you lose!

    PS I'm not short, but I am waiting for that range to go long.

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    • Best of luck with your strategy. Considering the selling Dennis has been doing I was hoping to employ your strategy last quarter. But the price per share floated higher until the spike at the CC. If it doesn't settle between now and next CC you can always buy back in a few days before to catch the next leg up. CWTR is pretty closed mouthed between CC's, so I doubt there will be any huge news events that would cause an unforeseen spike in the interim.