7 Vote Rhino 2012!
Stocks that have been setting up, with an emphasis on Fridays, try to take off and then just hit a wall. Two names I am long that I fully expected to take off are LULU and UA, but quite the opposite as I am down 1% and 4%, respectively. Let’s have a look:
LULU
UA
Now, both are specialty clothes retailers and when I go to the gym 90% of the ladies are wearing LULU and 99% of the dudes are wearing UA. Furthermore, 99% of the ladies currently sipping Prosecco on Chestnut are wearing LULU. Thus, December is usually a rip roaring bull market, however, the algos are unaware of the Fiscal Cliff. This makes picking stocks extremely hard. I believe my current theses to be sound, and thus I must be patient. Again, the only thing iI can be remotely sure of is the fact that precious metals and munis will be in high demand.
Top Picks: EXK and PMM
Today’s Moves:
My Book:
7 Responses to “An Important Point”
Young Gun
Tis the retail season
4nursebee
If 90 and 99% of the ladies are wearing what you own, where is the room for revenue growth? If there is no more growth, the institutions have no reason to buy, and might well have reason to sell to you!
I’d ask myself if further market share is possible.
I’d also ask myself, who is the greater fool to buy from me?
Rhino
That’s the point, they’re all stupid sheep.
Highsurf
You’re going up for a tab, right?
The Once and Future Rhino
Yes
elizamae
If there was ever something that would lead to circumstances that would conclude with me spending the night alone on the sofa it would be the existence of LULU pants.
Rhino
Ex-fucking-actly, I’m writing about their upcoming earnings right now.