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Non-Tech : Trading IOMEGA based on technical analysis
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To: Teddy who wrote (1356)1/30/1998 9:14:00 PM
From: KM  Read Replies (1) of 1511
 
Teddy: OT - re PSUN

Just wanted to throw my two cents in on that one. Generally, the best time to buy retailers is in August or September, with an eye to selling them right after Thanksgiving. In the late summer, they are generally pretty cheap, and they appreciate slowly going into the Christmas selling season. Usually, there are analyst upgrades in the fall. Then, the optimal time to sell them is the week right after Thanksgiving, while everyone is still optimistic about the Christmas selling season, but before reality sets in (the second week on).

I traded Gadzooks (GADZ) that way this year. Bought it the last week of August at 19, sold it at 30. It's 21 again now.

Anyway, FWIW.

Have a good weekend.
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