Select retail names are seeing some favorable reversals this month. $RL, $KORS, $KATE are a few names ripping today.
In After Hours with Option Addict, we did a top down of this group…and tried to sort down to those that were actionable. Of that list, today I am dialed down to $URBN, $DDS and $JWN. Would love a 2-3% drop in $LULU or $COH to add them to my list.
Most of these still have ER on the horizon, but they’ve all been heavily discounted here and volatility in the options isn’t unreasonable.
Will take a position in one or more this afternoon. Haven’t determined which I like the most yet.
OA
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U love that biotech, eh?
well, today i do. pretty hard sell this morning. and feels like it’s really due to the effects of VRX.
I like SRPT
Thoughts on JAZZ? Noticed that’s one of Fly’s favorites and one of my long term positions.
No thoughts on JAZZ.
cool. thanks.
Watching GPS for an entry
OA – how do you feel about SPWH? All of my hillbilly colleagues have been dragging elk and deer down out of the hills this fall. Plus the Obama gun rush has to be helping…
I’d watch it next time it starts to come in. If the lows are defended, I could hop on. The $CAB doesn’t hurt this idea either.
im eyeing BLUEbird. anyone has thoughts here? looking for 200
I’m watching this name too…but waiting to see how it acts down here.
Buy Halloween; sell thanksgiving. Meanwhile in the oil patch, the Algos doing what’s expected of them. I have a buy order on uwti at 9.76. Gotta hit it b4 2pm or I pull my order. Just a day trade hedge for my long term short.
$KORS looks interesting here.
VFC on the puma rumor
Watching GPS for an entry
Oops sorry for repost
But i’ll use opportunity to once again marvel at chubs timing – i believe he was buyuing BLUE, Jazz and JD yesterday – simply priceless. Although i’ll give him props for somehow in the same day questioning where another faceless avatar was pushing a LABU purchase
oh yeh, i’m down big on blue today. my cost basis being $65. i’ve been in this for over a year now.
anyone getting long this pullback in crude?
VFC wish I had caught the heavy sell after ER
I started a position in JWN for my fiance about two weeks ago. She told me they sell the best shoes, and she would know. She acts as my retailer indicator, and though few would admit it on this site about their significant other, she’s more often right than wrong about companies despite her casually following stocks. What I do like about them though is their discount store Nordstrom Rack, and they’ve separated themselves from other retailers with a “Gilt” like app where they have flash sales. I will do a write up on them soon, probably in time for the holiday season.