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Dick's Sporting Goods Inc. Message Board

  • garagebrian garagebrian Oct 28, 2003 1:26 PM Flag

    Watching the climb

    make that 47.10.

    This stock sure has climbed rapidly recently. I just moved my stop loss order up to a point where I'll make 17% on the stock in a very short time period. Even if this stock retreats 10% from the high, my stop loss won't be triggered, so I'm just going to hold on while it fluctuates. Nice to lock in the profit though :)

    The fundamentals of this stock look great and looks like they are positioning themselves for a great run with the new hires recently. This does feel a bit like a momentum stock though, hence the cautious stop loss. I wouldn't want my profit to evaporate in a meltdown like what JBLU had last week.

    Personally I think the stock will correct slightly, but continue to climb and I can slowly inch my stop loss orders up until my profit is even higher :) Good luck to all!

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    • I personally wouldn't think stop-losses are a good idea on DKS. If you think it's going to dip, sell it. You made $2 today alone. When it tries to fill the gap, buy it back. You can trade for under $10 these days, so go ahead and churn your account. I do; it's fun!

58.60-0.20(-0.34%)Aug 31 4:02 PMEDT