GALLUP suggests... Retail Stocks (GME) and (HOTT) should be bought
Tracking Gallup's economic numbers of late and a trend seems to be forming.
Now, we did see about a week and a half trend of jobs numbers improving in April before they collapsed again thanks to Chrysler/GM/etc. That trend imploded. Jobs numbers are hideous.
But... a positive trend in Consumer Spending is starting to take shape ever since a week ago. It shows the first 2-3 weeks of May were a mess. But since then...The numbers have improved and improved greatly.
There's no telling if this translates to a recovery in spending in JUNE, thus reversing the horrid Q2 and full year estimates coming from GME and HOTT.... The future is hard to predict.
But... how in the heck can I just dump HOTT so fast when the GALLUP numbers are telling me to just buy more shares of HOTT? or GME? or any small cap Retail Store for that matter that has done well last year?
I am willing to NOT go against the grain here....and I am willing to actually do the STUPID thing and hold my shares of HOTT a weeeee bit longer than planned.
And I strongly suggest that those Gamestop investors "hang in there" as well.