Timing is everything. I sold a 380 put a week ago when the stock was at $440. I might've been okay if I had gone down to $350, lol. Last trade on one of these "fan boy" stocks.
Ummm, Target is discriminating those who don't want transgenders in the bathroom they use. You don't have to be a minority to be discriminated against.
Actually, it's math/economics. Along with science, these are additional concepts at which progressives fail.
The population of the US is about 320 million with 76% of them adults (to keep everything apples to apples I'm staying with adults). Target's market share is (was) 6%. So using that as a proxy for number of people shopping at Target & you have about 14.6 million Target shoppers (320 million * 76%). If 1.2 million signed the boycott, that's about 8% of Target shoppers lost vs. the 0.3% (adult transgender population) possibly gained.
That's not 80 million distinct people - that would be 25% of the population. The CEO is either an idiot or is trying to spin his mistake.
Somewhere in these messages is a post from me where I showed the return from buying weekly while the yield was 5% or more & selling a year later. I don't recall the particulars, but it worked very well.
For groceries, I'll just go to Publix. For anything else, probably Walmart or any online retailer who isn't trying to impose their political views on everyone.
I'm not a church-goer & think that some of the right-wing views of alternate sexuality are outdated. However, taking the side of 0.3% of the population (adult transgender's) clearly impacts the rights of everyone else who shops at Target. That's not an evenhanded approach. Allowing the "1%" or the "0.3%" to exert a disproportionate amount of control can be dangerous (e.g. dictatorships). The intolerant, authoritarian views of these small groups actually reminds me of fascism. So, as a matter of principle, I'm no longer going to support Target by shopping there.
If so, that'll take it down to $75-80, where it fell after spiking at about $94. The charts look similar - big run-up far above the long term trend followed by a fall below trend that just about balances out the above trend period.