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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (11353)	7/31/2007 4:26:00 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

RSH - added more Oct 22.5 @ .95 what are the odds that this stock returns to levels of years past??? Some other enticing shorts here Circuit City leads march lower By Jennifer Waters, MarketWatch Last Update: 4:18 PM ET Jul 31, 2007 CHICAGO (MarketWatch) - Retail stocks took a sharp turn to the downside in late-day trading Tuesday, following the lead of the broader markets. The S&P Retail Index ($RLX s&p retail index-rlx $RLX ) tumbled 2%, or 10 points. To settle at 480.43. Leading decliners were shares of Circuit City Stores (CC Circuit City Stores, Inc.- Circuit City Group CC ) , dropping 4% to $11.90 - their worse closing since May of 2004. Also stumbling were shares of Best Buy (BBY Best Buy Co., Inc BBY ) , off 20 cents to close at $44.59 while RadioShack Corp. (RSH radioshack corp com RSH ) gave back 1.6% to $25.13. Shares of Limited Brands (LTD limited brands inc com LTD ) lost 1.7% at $24.15. Late Monday the company, also in a sweeping remake of itself, said that Len Schlesinger, its vice chairman and chief operating officer, was resigning. Schlesinger has been with the company since 1999. His responsibilities will be handled by Chief Executive Leslie Wexner and Martyn Redgrave, chief administrative officer. Some stocks held on to gains. Nordstrom (JWN Nordstrom Inc JWN ) shares were up 1.1% at $47.58. Merrill Lynch analyst Stacy Turnof sees a buying opportunity in Nordstrom shares as well as other luxury retailers. Shares of Saks Inc. (SKS saks inc com SKS ) climbed too, up 11 cents to $18.51. Shares Cache Inc. (CACH Cache Inc CACH ) jumped 11% to $17.05. Also late Monday, the women's-wear retailer said sales at stores open longer than a year in July climbed 6%. Total sales were up 3% to $16.5 million. Shares of Gymboree (GYMB The Gymboree Corp GYMB ) , the children's apparel retailer, were up 9.1% at $43.05 a day after the company raised its second-quarter forecast. Ahead of the bell, Friedman, Billings, Ramsey and Co. analyst Adrienne Tennant raised her rating on the stock to outperform and her 12- month price target to $47 from $43. She said she finds the valuation "compelling" and is betting that there is an upside to its third-quarter earnings considering the aggressive share repurchase activity. End of Story