I was so distracted with today’s bull market that I forgot to buy Puts in SHLD. That’s right, Puts. The CPI and PPI data said the economy slowed down. I’m sure that will hit Sears. If WalMart posts a lost for the first time in forever, then why should I believe Sears will do better.
This Cramerite stock has a good chance to sell off, and a lot of people may have gotten caught in a bull trap- Call buying was very heavy today in SHLD. Well, I guess tomorrow morning I’ll find out if it was a good thing that I was distracted.
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