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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (5551)	6/1/2009 6:58:15 PM
From: RockyBalboa	Respond to of 6370

I agree... it has raised estimates etc. Yet, it has been pointed out that from a valuation standpoint it is one of the most expensively valued apparel companies. It went up pretty easy on friday and partly today, but that can change. Of course you could be right and ending up with a short position in something acting like DECK could be at least ill-timed.

To: Perspective who wrote (5551)	6/2/2009 9:01:28 AM
From: cubsfan	Respond to of 6370

Yes - you raise a valid point - and I didn't intend to mislead. Better to have said, I don't buy the upgrade, since consumer is not healthy yet - and it's priced for perfection. Continue to look for good consumer shorts.

To: Perspective who wrote (5551)	6/3/2009 6:22:07 AM
From: RockyBalboa	Respond to of 6370

There´s a little bit cooling off due. As expected, the dollar devaluation doesn´t mix very well with a global economic recovery particularly in Europe and Japan... for perma-bears those are trying times once more but the market is simply ignoring bad news. This will change once more into somthing that the market will become insensitive to good news. Todays economic numbers in Europe fit the picture. If flagpoles are abandoned I am not very concerned with jcg and other consumer cyclicals.

To: Perspective who wrote (5551)	6/4/2009 9:56:36 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Retailers miss the mark in May, many down: finance.yahoo.com NEW YORK (AP) -- Many U.S. retailers are reporting sales declines in May as shoppers continue to shop cautiously. Costco Wholesale, Hot Topic and Stage Stores are all reporting drops more than analysts expected. However, The Buckle, which is based in Kearney, Neb., says sales rose above expectations. Two factors might weigh on May results. A year ago, sales benefited from fiscal stimulus checks. And Wal-Mart Stores Inc., which has recently reported positive results, stopped issuing monthly sales data as of this month. That is likely to hurt overall results. Analysts expect a 4.1 percent drop. Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance because they measure growth at existing stores rather than newly opened ones. Also ANF pummeled. JCG fading.