This is just a breather before the ramp up in price. Don't you love it when you see a shining star stock right before or after earnings and you're able to get it at a fair, bargain price. The converse is also true when in most cases the MM's run it up immediately so that the new investor feels like they might have missed the train. PS: I've always enjoyed their adds in Calif. and their jingle certainly sticks to the brain!? Personally I have seen quite a few women literally rushing into the stores from their cars to buy bargains.
were going to fluctuate this week until earnings come out 3/15. If they beat by 2 cents look for 23 by month end. If by 1 cents look for 20. Keep in mind that the CFO said in January that he expects earnings to come in at 53 or 54 cents. So if they just meet earnings chances are we'll get a small run to the downside. After this passes ROST will go back to around 18. Beware of shorts bringing false information, for they are schemers who did not get in at the low and wished they had.
God bless and may your cup runneth over with profits.
Dana Telsey, Specialty Retail Analyst at Bear Stearns was on CNNfn today with sector analysis and stock picks. She mentioned ROST, which she said is an off-price store where consumers are looking for bargains on brand name items.
She runs a small coffee shop--the talk she hears is that folks who normally don't shop Ross are going there now to get the same items they're used to but can't get in same quantities as before due to more outgoing income towards higher gasoline prices. She's been a regular there for years now and Ross is still her No. 1 apparel store for our whole family--Houston,Tx--north side, but she complains that its taking a little longer to check out now because of more customers in the stores. Could this be more than just a local trend?