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Ross Stores Inc. Message Board

  • edmonds1988 edmonds1988 Mar 10, 2004 11:44 AM Flag

    under $29 now

    Longs beginning to suffer the drip drip drip of a declining stock price. Soon it will be $5 off its highs as longs hold out hope it will come back. Then the real carnage will begin. Only a matter of time. As stated several times here, the end has come to this retail cycle. Give it another three years and we may see these levels again, but maybe not. Things got awfully frothy this time. It could take ten.

    Edmonds

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    • Edmonds

      Go to the store on a Saturday and look around and see the stores tills go ca-ching ca-ching & then ask yourself why are you short.. Go short on LVLT.. But not ROST..

    • "Give it another three years and we may see these levels again, but maybe not. Things got awfully frothy this time. It could take ten."

      whoa, that's pretty ridiculous. I agree that the party's over for a while, but ten years?! I was thinking more like 3-6 months before the steady decline would stabilize... ROST is a very healthy company, and will probably continue to grow regardless of interest rates or the rest of the retail sector. The stock just needs a break, it looks tired.

 
ROST
63.41-0.46(-0.72%)Aug 25 4:00 PMEDT