There should be some incredible sales out there, so I’m going shopping… no, not shopping for more useless stuff, but “shopping” to see which stores out there are looking bad. You can tell which ones are really desperate by
1) the after Christmas discounts, for example I read in my local paper that some stores were offering 70% off certain items.
2) the amount of floor inventory… I’ll be checking out BestBuy and Circuit City to see if people are still buying stuff.
3) by asking people… I like to casually ask the employees there how the sales environment is compared to a year ago.
Now write those stores in a list somewhere for a possible short position in a few weeks from today.
This is all part of trading stocks. Sometimes you have to look beyond a candlestick chart, bollinger bands, Fib retracement points, MACDs, etc.. and see what’s really happening out there. Do some homework, and have fun with it! This reminds me of the days I used to go to 7-11 and see how much shelf space HANS’ Monster Energy drinks were taking up .
By the way, I hate shopping malls.
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I got some questions about the PPT in my email. I’ll answer you guys over the weekend (sorry, took the week off). thanks for the interest in it, and glad to see people out there also using IBD.
i’m with you, every day last week i whipped around to diefferent parts of the town on my scooter in san diego checking the state of commercial real estate…and i can tell you, there are vacancies every 6 or 7 stores, all over the city…it’s starting already and san diego is pretty wealthy…let me know what you find…
Hi Gio–I fixed your site–go look at the disqus feed on your sidebar—It’s working now.
zee
That Html code I gave you—throw that away!!!!
zee
Everyone watch JASO..THis stock is about to explooooooooooooode!!!! This stock is a favorite amongst trader…watch for barrack to enter office in the next couple of days..these stocks are poised for a rally as they did in Nov. before the election
my mind is weak. i cannot even predict if the Detroit Lions will make the playoffs this year.
My 09 predictions postponed until new years eve… this time, BEFORE the party.
back to work…
Gio
Jusy got back from a trip to HI- I love it. It was our first time there.
Whats up with everyone trying to sell tourist fake weed? What is that stuff their selling?
sorry for the typo “they are selling”
It’s fake!?
No wonder my glaucoma’s getting worse!
wow, jaso is ripping shit apart!
TSCO at 32.8 might work out as an overnight long—31.7 was the last bottom a couple of weeks ago 4 to 5 day target is 35
Ask the employees that make a commission on sales how things are.
The great discount myth being passed around is just that, a myth. No cheap cars, no cheap televisions, no cheap houses. The imperial fascist leadership makes me sick.
The smart retailers have discounted like crazy and chopped new orders; others just don’t get it.
I went to the foreclosure sale last week. 212 properties on the block; 178 (84%) postponed/BK; of the 34 (16%) that were sold, 32 were taken back by the banks; only 2 were discounted significantly & sold to 3rd parties.
The banks are still in denial. Idiots.