But listing a stock like CHS as a worst when it is up nearly 40%, almost as much as KSS, one of the best, at a little over 50% is goofy.
Well... That is if you assume that you bought it at the exact bottom (intraday low on Sept 21) and held it through last Friday.
The price for CHS on that table ($33.54) is for Sept 10. So, from that point of view, the stock IS down to 26.31 (as of Nov 6, the date in that table.)
To give you the benefit of the doubt, the low on CHS, was Sept 21st @ 23.96 on a closing basis, which would make it up 9.76 % or $ 26.30 (as of Nov 6, the date of data on that table). Even at the close of Friday @ $28.80, it would make it up 20 %, not as you indicate, "up nearly 40 %"
However... as you know, stock prices are dynamic, they change every day. Our job as traders is to figure out what they will do next.
The point here, I believe is that one should look at the trends and what is surrounding the stocks for the future of their moves. As the header of the article indicates:
"Hesitant consumers prompt retailers to slash prices; dismal 4Q results expected"
While I cannot predict the future, what it is illustrating in the article and its relevance with the listings of the 5 best and worst is... What will happen next, under the current environment. (i.e. slashing prices from this point forward)
The questions I would ask then:
Are the 5 best stocks continue to rise under an environment of pressure on profits ? I think not.
Are the 5 worst stocks continue to fall under this environment ? and pull and lead the way down the 5 best ? Possibly.
Plain statistics can be managed in a many ways, the relevance for me at least, is how these prices stand from this point forward.
Will they continue to rise or not ? and why?
Is it possible that the rebound since the Sept lows was a mere "technical reaction to excessively depressed prices" ? Possibly, the point is they did (at least some).
Once again, the importance of all this is to attempt to figure out if the rise will continue, under the current environment.
That is what I was looking at, more so than the detail of ONE particular stock.
Personally, I think you are just nick picking at the article. I have no interest in such. |
