Waiting for Nordstrom

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Like most equities, Nordstrom (JWN) has had a very strong run since stocks bottomed on August 15th. In that short span of time, it has ascended nearly 40%.

I have no position, but I am watching the gap at 35.88. The closer it gets to it, the more interesting the risk/reward ratio becomes on this for a short position. Long-term, this stock looks to be in terrible shape, but the price isn’t there quite yet. It is certainly worth monitoring closely, however.

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