1 hour ago
Retailers
wopr
at
12/29/2008 07:49:00 AM
Imho, I would stand down on these as a short trade by itself for now. The "news" is known. Using them as down-side protection in a larger group of long trades is ok. I'm going to keep watching a select few names and monitor the headlines for any bankruptcies that might send this sector back down. But for the time being it wouldn't surprise me to see these ease higher in the short-term. This includes JOSB. Sure, none of these deserve to go up, but just watch out for Bulltard Express if you insist on pressing the retailers here as trades.