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Strategies & Market Trends : Z PORTFOLIO

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To: DanZ who wrote (10970)11/29/2003 1:38:16 PM
From: Ron McKinnon  Read Replies (1) of 11568
 
Dan TOY

I popped a few K short on it Friday 11.67-.72

planned to scalp it but held it over

this might be a real tough read for a bit, but it seems to move enough for one to scalp it in size, either long or short

to me the chart is close to unreadable right here
but gut says a close over 12 might be tough
plus the low volume of Wed and Friday might not give the best read
I think next week will give a better "tell"

but as someone said on a show yesterday, June was the time to buy retail; seasonally now is historically a bad time to enter long

and for TOY, after the next 6 weeks there will basically be a 9 month period when the news on it will be slim to none

a personal anecdote; my wife tried TOY 2 or 3 times for things for the little ones
in spite of all their adds they either did not have what she wanted to buy or did not have the $20 free gift something if she spent $100

so she ended up at WMT and sent me Friday morning to Kohls, for the 5am to 10am sale to get 2 radio controlled hummers
same price as TOY advertised $19.95 marked down from $29.95

anyway this will be worth keeping on the front screen for a while
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