Up and up and up it goes. Where it stops, nobody knows.
With the exception of last Friday afternoon, the upward pressure has been almost constant since the December offering. Yeah, we get the usual selldowns as new 52-week highs find new sellers, but I see no break in the buying momo as of now. Ride your winners and sell your losers, something retails have trouble following.
I see NRF bouncing hard off of the $10 level a couple of times before working its way into double digits for the longer term. Will probably be a trade or two as it goes through the process, but, there is always the risk of a short panic or a news event that could leave one behind. My core position will be on hold and accumulate on any correction. 11-12 by year end 2013 (while riding a nice income yield) and 14-16 year end 2014.. Assumes a penny per quarter ongoing rise in dividend. Always the possibility of a 'game changing' event,, as well. Good luck longs!