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To: Shelia Jones who wrote (5600)11/24/1998 9:01:00 PM
From: drsvelte  Respond to of 14427
 
Shelia:

Glad to see you are back posting once again! (never did buy MIKE)

I am not anxious to take new long positions in stocks right now -- this market makes me nervous. That said, I sure am not going to put on any short positions - been there, done that, got creamed!




To: Shelia Jones who wrote (5600)11/24/1998 9:02:00 PM
From: Challo Jeregy  Respond to of 14427
 
Sheila, FWIW

I don't follow apparel stocks, but I heard (must have been CNBC) the other day that specialty clothing stores (ie:GAP) are/will be doing better than the "designer" labels (what sells in big dept stores), mainly due to the dept. stores themselves.

Seems as if big stores like Macy's, Bloomies, et.al. have become a bit boring in design and atmosphere, thus losing customers. The "sameness" among this stores and fashions are not attracting the younger crowd now.

(Wouldn't know though. I'm not part of that crowd any more <G>)

challo



To: Shelia Jones who wrote (5600)11/24/1998 9:15:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
Shelia, first about your statement -

I really did take off right after posting to the hairdresser

I'm disappointed. I thought you knew all along that I'm no hairdresser at all. My wife won't even allow me to trim my kid's hair. And I can't predict the future either. <GG>

I have NAUT and TOM on my daily watchlist.

TOM - it is testing its resistence here at $60. Obviously a close above $60 would make it step to the higher ground and challenge its 52 week high. With the retail season coming, I suspect TOM and other first rated retailers will trade according to the street's sentiment of this Christmas season, which I think will be better than last year. The downside support is $50 but the risk is not really great. I will not chase it here as we are at the profit taking territory in the overall market. But if it closes above $60 decisively, it may be worth chasing for a quick pop to $65.

NAUT - its BB channel is narrowing and it seems $18 1/2 has become a near term floor. Barring no bad fundamental news coming out (which I don't think there is any espcially this close to Christmas) this may trade higher. I would watch whether it can ledge on to its upper BB surfing first before committing. It also needs to clear $22 before more upside can be had. For now, it is a low reward, low risk stock.

TJX - this one has a full head of momentum going and it has bumped into its resistence right here at today's high, 26 3/4 (draw a line from its previous two high's). It would be very bullish if it can break above this level on high volume and proceed on to take out $28 1/2 on its continuing upper BB surf. If it happens to close its gap to $24 1/2 and reverse up strongly, the sign is good it will go further up. But time is precious as I don't anticipate good sentiment for the retailers after the Christmas.