Update: This stock closed down 15.8%. Anyone who read my retail short report and set up a short in this stock yesterday made a quick 15.8%, minimally. The stock was down over 20% at one point.
As my 2-stock retail report details, there’s plenty of downside left in this stock and the other company reports on December 3.
You can access this report here for a special price: Two-Stock Retail Report
Not every stock pick will perform like this but the retail sector is going to get hammered from a middle class consumer that is out of disposable income – a situation that will be made worse as the new Obamacare premiums start to take affect…the stock market is not even remotely pricing in this reality.
The 2nd stock in the report close up a bit today, along with the SPX, and is setting up nicely for a short-sell opportunity ahead of its earnings on 12/3. If the demographics of company attached to the stock above is getting pinched – which it is – the demographics of the 2nd company is really getting squeezed.
Click on the image to the left to access my report.