Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (4172)	11/19/2001 1:08:53 AM
From: isopatch	Read Replies (1) of 36161

More on next months retail sale numbers<G> Saw this post another thread (a few minutes after responding to the article Peter pasted). The poster quoted below lives in New England. And, per my earlier post to Peter, ran into the same kind of dept store sales environment yesterday, in Ohio. We're talking an across the board pump job to artificially inflate retail sales numbers, folks. If W.S. is telling us the truth about the economy getting stronger, then why the frantic efforts to clear the shelves so early?! Could it be retail executives are being told one story by W.S. and the public a very different one? NO!<lol> And it would serve another convenient purpose IF the above assumption is true. W.S. can hype the hell out of these empty sales numbers. And surprise, surprise.....insiders dump their equity holdings into public buying based on the concerted W.S. spin tale that the economy is about to come out of this malaise. And then? Watch those stock dive in January/February when J6P discovers too late that every sale was at a loss as retailers report huge losses instead of earnings. "Say it ain't so...." Iso. After the many expose' posts and news stories over the past year about W.S. screwing the public. Does anybody think Iso is being cynical here? Anyway here's the excerp from the SA II post by Susan G. <Well I was there today. The one department store I went into was crowded...but I never saw so many 40% to 50% sale signs in my life. With extra 10% off coupons on any item too... They are given the stuff away, just like all the auto dealers. New winter merchandise, too. Not last season's leftovers have these markdowns. The huge percentage sale signs everywhere are a sign of desperation. And I guess the market will be trading off of retail sales numbers for months to come. Scary.> Yup. Till earning are released, that is.<lol>. Not that hard to see the next W.S. crank job, spin job, SNOW JOB!!!....comin' folks. The retail sales hype gimmick. PT Barmum lives!!! Isopatch

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