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Strategies & Market Trends : Dividend Growth Investing and chit chat.
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To: chowder who wrote (1927)2/1/2022 10:11:08 AM
From: SeeksQuality  Read Replies (1) of 2146
 
"Since WSM is down more than 30% from its 52 week high, I thought I'd buy the dip. It doesn't make sense to me to talk about buying dips if we don't act on them. ... Ha!"

Up 6.5% in three weeks since you wrote that. I exchanged half my position in NKE for WSM on Jan. 12, for a relative outperformance of almost 10%, and WSM still looks cheap relative to NKE, however the latter is a long-term conviction holding for me while WSM (for me) is more of a valuation trade.

For trades to work, you gotta be right twice. Any suggestions on that?
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