WOW, what a day! I am so glad that I was researching RAYS and OO the past week. I put in calls to many Sunglass Huts to ask about sales. Granted, many of the people answering the phone hadn't been there that long, but all said sales were great. OO remains their best selling product, but Ray Ban's have done well also due to the Men In Black Promo / Tie in..... I went with my gut and bought some RAYS and OO yesterday. Man am I glad I did. Brian, as you stated,OO resistance was holding up quite well and that also aided my decision. Last night I was a little worried about the RAYS position due to the recent run up, feeling that the news would be good, but that the run had been maxed based on the anticipation, but I was already committed obviously. Well, the Mongomery securities upgrade certainly didn't hurt any. OO is due for an upgrade and may receive one in the not too distant future. Hold on, the ride is getting better...........
Best of luck, Jeff...........
P.S. I sold my RAYS at 10 1/8 (1 3/4 gain) WHOOOOOOPPPPIEEE!!!! 2nd best percentage trade all year! I held the OO because the old support at 13 1/8 seems to be back, however, resistance is at 13 3/8 to 13 5/8. When the last earnings were announced it had closed at 13 9/16 the day before. The earnings were off, and the open was delayed. When it did open, it opened at 13 5/16. Several trades went off at 13 3/8 before heavy selling came in knocking it down to 12 1/2 in 10 minutes! Remember Buyer's remorse? Well, that will be part of the resistance, no doubt. |
