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Originally Posted by iDumb
also should have bought baba as a momentum play, was thinking of that too... 1 week return of 11% already. . i reckhon baba might go up to 120. but ami kinlei its gonna reverse...
such is life..
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Baba reversed after going guess what to exactly 120. Look at the 52 week high.
http://finance.yahoo.com/q?s=BABA
the one that i don't play is the one that works out the way i think...(and apparently everyone else).
anyways US market doing well,rest of the world doing poorly...... USD is stronger than ever... oil prices are cheaper than ever ... US is rich again..
I sitll have some money on the sideline, can't find a single stock that I like at these prices...
Stocks research now feels a lot like looking to purchase a house near my area... they are all over valued POS..
Recently bough Michael Kors (kors) .. I see everyone carrying MLK bag, only problem is CEO recently said sales down due to low foot traffic in Malls (excuses), stock was punished a bit... Betting on it to stay relevant in fashion....
Women fashion is a very profitable place to be if the trend can be caught early. For example coach bags (COH), was a great stock, now it is garbage as the brand is falling out of fashion. I think same maybe happening to Michael kors but what else are women buying?? L Brand (victoria secret) is stil relevant and will be but they are all time high....