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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Retail sector - update

Date August 24, 2010  Edited: August 24, 2010    Comments Comments (2)    Rate this post Recommend This Post (98)   
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For the records,
The sector tanked average of 25 to 30% while the market tanked 12 to 14%
I had three blogs on retail sector - stocks like BKE, JCP, KSS and ANF

On july 6 I wrote, Retail sector still weak - not participating in market bounce
http://www.peopleandpicks.com/blog/rjm77me/3364805/Retail-sector-still-weak--not-participating-in-market-bounce/

and Retail Sector under pressure - up date from 5 weeks ago

http://www.peopleandpicks.com/blog/rjm77me/3351248/Retail-Sector-under-pressure--up-date-from-5-weeks-ago/

and the first one on may 13, 2010
http://www.peopleandpicks.com/blog/rjm77me/3329673/Retail-sector-rotation/

My take is the sector will perform with the market

Tech sector or Semiconductors and Financials are undersold. I am not suggesting a buy here. Just start making a list of stocks you like in the sector or start taking a small positions like 20% of your normal buys on dips.

MY trade of day was buying GNK at 15.12 around 9:55 AM and selling at 15.72. It has worked for me in last 4 weeks.
Please do your own home work. i AM JUST SHARING MY VIEWS.
Tags : BKE   KSS   JCP   ANF   GNK   SYNA  

2 Comment(s):

Author rjm77me     Date August 24, 2010 15:35 Abuse this post Report Abuse
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i WILL BE BUYER OF JCP AND SELLER OF MONTH TO MONTH CALL LIKE BUY AT 20.5 AND SELL AUG 22 CALLS
CAN YOU LOOSE MONEY IN TRADE - SURE ONE CAN LOOSE
Author rjm77me     Date August 26, 2010 16:19 Abuse this post Report Abuse
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Retail is in doldrums Yesterday GES earning and today JCG disappointed
There were lot of positive recommendation for JCG and was palnning to take a paper trade only. Good thing I did not. Stock is down 85 after hours
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