While the HD breakout (gapping over resitance to new all time
highs) has failed to sustain, it looks more like a bearish fakeout.
Speaking of bearish, LL is indeed getting liquidated today
and looks like a ridiculous bull run might be in jeopardy.
Thoughts on initiating other (swing) short positions in the
sector?
Same deal here -- doesn't like the bond action presumeably.
After a two year non-stop run in these stocks, I think they
have a considerable way to fall.
Home improvement stocks liquidating
Posted by kalinm on 22nd of Nov 2013 at 02:18 pm
While the HD breakout (gapping over resitance to new all time highs) has failed to sustain, it looks more like a bearish fakeout. Speaking of bearish, LL is indeed getting liquidated today and looks like a ridiculous bull run might be in jeopardy. Thoughts on initiating other (swing) short positions in the sector?
Wow, LL now down 15%
Posted by kalinm on 22nd of Nov 2013 at 03:41 pm
Wow, LL now down 15% on the week. No position, but waiting for a counter-trend rally to short it.
Whitney Tilson suggesting shorting LL
Posted by steve on 22nd of Nov 2013 at 03:48 pm
Whitney Tilson suggesting shorting LL at a conference...was a bearish setup and that was a good catalyst.
Works every time ...
Posted by cubby on 22nd of Nov 2013 at 05:24 pm
Works every time ...
Lowes weekly reversal on strong volume
Posted by kalinm on 22nd of Nov 2013 at 02:28 pm
Same deal here -- doesn't like the bond action presumeably. After a two year non-stop run in these stocks, I think they have a considerable way to fall.
SHW bear flagging?
Posted by kalinm on 22nd of Nov 2013 at 02:37 pm