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Non-Tech : Bill Wexler's Trading Cabana
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To: Kevin Podsiadlik who wrote (2312)7/10/2007 12:39:30 PM
From: Bear Down  Read Replies (1) of 6370
 
That's not even a million US dollars..

Certainly not worthy of the large move in REFR today. I think I'll short a bit here if I can find that ever elusive borrow.

Also SHLD (sears) looks like they are leading the way for the rest of retail to fall apart. I was recently in the local sears and k-mart stores (looking for patio furniture if you must know), and both stores had more employees than customers. I had the thought of shorting it that day and now my ass hurts from kicking myself so hard for not doing it. Watch out retail as I believe this is just the beginning of the retail fallout spawned by the housing slump. I would stay away from the "fad" type retail shorts but general department stores seems like they will be lowering expectations shortly.

Also had to buy a little more BIOF today. I agree with the Wex man, DNS for at least as long as that 3rd point guy is in it for 30%.
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