I made a full report on TOY to SA last week ,,
If you look at TOY chart for last 3 years,,you will see a pattern,,
Every spring it loses 40 % ,, then come fall ,,it rises dramatically,, for a gain of 40% ,, and peters off in January ,,it seems the height of cyclical calendar of TOY is late fall,,, the Xmas season as toy biz goes,, retail has been strong,, lately ,,, last X-mas retail was not that hot,, I have a feeling,, this year in economic down-turn,,people turn to white trash mentality ,, we spend more hoping ,, by spending,, the economy will come back ,, as hem lines come down ,, people indeed spend more at X-Mas...
TOY does have competition from Wall Mart et al .. and their Japan stores not doing well,, however, again looking at TA and chart I see nothing but the bottom here..
We will have a mini rally ,,,, as soon as Billy starts to confess,, as to the measure of the depth of his penetration,, we all expect this... once this becomes clear... perhaps we will not see 8200,,, may be this is the bottom ,, as long as China holds,, Soros is certainly optimistic about Rubles..
So,, for me at this point of entry ,, down side is 19 ,, up side is 27 - 32 come November,,, |
