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To: The Freep who wrote (117710)4/27/2005 2:19:20 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
On shack's KSS...

01:26 ET Kohl's reaffirms 2005 earnings growth target of 20% YoY (KSS) 49.47 +0.14:Co cites the following as key drivers: 1) returning to a mid single-digit comparable store sales increase, 2) maintaining the gross margin rate achieved in 2004, which was an historical high, and 3) managing expenses, while prudently investing in areas necessary to support the company's future growth.

I agree with Shack that KSS has a very likely bullish possibility. I just don't happen to think it's a proxy for the market.... It'll be interesting to see if it holds onto that lovely 2+ point rally off the low that's making Shack $$$!



To: The Freep who wrote (117710)4/27/2005 2:39:07 PM
From: skinowski  Respond to of 209892
 
To me - counting off the March top - the ranging action of the past several days looks best as wave 4. Second "best" - as 2 of 3 (or C).

Yesterday's high was challenging what appears to be the low of Wave 1... so, for the 1st choice to remain 1st, yesterday's top should not be tested.

...My analyses - as everyone else's here - always come with a full money back guarantee. All other grievances should be addressed directly to Wall St. NY, NY.... and then expect a negative, but courteous reply.