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IBDvalueinvestin (99.67)

Market Rebounding after open gap down. As retail numbers were baked in.

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May 13, 2009 – Comments (1)

Retail sector was down 4 straight session prior to today's numbers, shows that today's numbers were not a surprise.

1 Comments – Post Your Own

#1) On May 13, 2009 at 10:50 AM, russiangambit (29.37) wrote:

No way retail numbers were baked in. Majority of retailers are up 100% and more from the bottom. They will keep rolling over. It was a major short squeeze that moved them higher.

I am currently short JCP, M, RSH, GPS (this one may be not as good of a short), OMX and CAKE. I couldn't get any shares on JWN to short.

 

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