Over the past months, few sectors have fooled me as badly as speciality retailers. I have tried shorting them – – TIF, WSM, JNY, LIZ – – you name it – – over and over, and each time they seemed to puke to new highs.
It seems perhaps the trend has, at last, changed. My retail plays are starting to work out, and today's plunge in LIZ seems to be encouraging other specialty retailers to join "suit". Heh.
Anyway, here's another favorite:
