BEATEN MERCILESSLY IN RETAIL
The Stock Gods we’re displeased with my mention of the breakout in retail last week. Now, I am being tested holding positions….watching big unrealized gains transform into lunch money over just a few short days. Especially SHLD…but this situation seems all too similar to early 2012. I’ve been a huge Lampert fan ever since.
I’m convinced there’s more left to this recent run in various names, otherwise I’d head for the hills.
I bought some $CMCM today and on the fence about taking off $VIPS calls into earnings. I’d be risking a double, but naturally I want more.
I missed $NTES and $MULE today which rendered my day pretty much worthless.
Hope you’re fairing better than I am. Most of you, anyway.