Kramer will be hurting, as the rest of shorts. Today was profit taking. Disappointing yes, but there is a bright side. We are starting to see some trading maturity in COOL, which is rare in a new issue.
The a.m. surge was short covering, and day traders. As the profit taking begin, I suspect shorts started selling into their "rally".
The trend is obviously up. We must remember, this stock just had a huge price run. Only a 11% dip, is not a sign of panic.
The Etailing sector is just starting. COOL offers one of the best values today for the internet retailing investor.
My read on the conference call, was the Feb Q already beats the Nov Q, with only December in. Jan and Feb will be gravy.
Margins will be going up. And more deals are coming.
Buy COOL, and then discipline yourself to only check the price once in awhile. In a couple of years, or less, you will discover that feeling of wealth creation.-g-
Good Trading, LF |
