rth is up over 10% since September. A broad cross section of retailers have soared much more than that over this time period. Look at aeos, jcg, jwn, nke, swy, kmx, cab, ua, coh, gme, omx, jcp, dsw, dks.....
Who cares. This is an ancient history.
I said
" Why, if future is so bright, did RTH go down today, and it has been going sideways for the last month?" With stress on "going sideways for the last month?"
Would the insiders be selling millions of shares now if they could sell them for more next month? Ask Richard Schultze, Chairman of BBY who dumped 144K shares one week before the release of the latest earnings. Check out the insiders at GES while you are at it.
Retail stocks should be going up (regardless of the run up of the last 6 months) if the future is going to be so bright. After all shouldn't they predict/discount the future and forecast the booming sales next year? |
