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Nordstrom Inc. Message Board

  • lobo44477 lobo44477 Aug 20, 2011 7:52 PM Flag

    Just saying....

    IF....... this market turns into a 'double-dip' JWN, in the 1st dip, reached down to 9 & change before it recovered---which makes the current 37 look pretty darn high. 2008 prices have, unfortunately, come into play as a gauge of what may ensue. Just saying...

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    • i remember it went to $6 and change tho the chart is saying low was $7 plus. i remember the $6 because i was angry at myself for not buying.

    • <<JWN, in the 1st dip, reached down to 9 & change before it recovered>>

      That was a once in a life time panic during the Lehman Bros. collapse. The market would have to fall another 40% fron here to reach those 2009 levels. Not saying this stock can't go lower if the markets continues to sell off. It is always smart to have some protection if you are holding a long position.

      QE3 will not change the landscape, only a change 2012 will accomplish that.

      • 1 Reply to biddermon_ca
      • It was an interesting feature of the Lehman panic that, next to the financials, popular consumer discretionary stocks sold off most drmatically. (JWN to 10, CAKE to 6, CMG to 45, etc.) This is probably because the retail investor is most prone to sell at the wrong time, which I would argue is exactly what they are doing now. I don't think you will see JWN at 10 again, although you may see BAC at 3 again. WMT, interestingly, only went down to 48 in the Lehman panic, and is only slightly higher than that now. This, perhaps, is an example of the downside of holding "safe" stocks coming out of steep declines.

 
JWN
52.29-0.60(-1.13%)Aug 24 4:01 PMEDT