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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (9199)3/10/2002 9:49:43 PM
From: Frank Pembleton  Read Replies (2) of 36161
 
A couple of notes from this weekends shopping spree... Lots of folks walking the floors at Walmart, hardly anyone at Zellers. A few folks were buying up deeply discounted items at Sears, and no one at The Bay? Amazing this store is still in business ... I don't believe it will be for much longer. It can't be! Fwiw Sears is being really aggressive about it's sales. The Craftsman line of tools is on sale at 50% off? Lawnmowers? Yes, lawnmowers, deep discounting and spring hasn't even arrived yet. Need a new table saw? They’ve nocked $200 off the going price. This is got to be killing their bottom line, and I’m sure it’s absolutely destroying the bottom line of their weaker competitors.

Look for ST weakness in the share price, but look for it to rocket when one of their competitors flip to the belly-up position.

Chart:
finance.yahoo.com

Regards
Frank P.
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