Just two days ago, I wrote a premium post (for my beloved Gold and Platinum members) called Hands-Down Favorites. In it, I selected my eight favorite picks for short positions. One of them was Bed Bath and Body Works (BBWI) whose inclusion compelled one well-meaning chap to write to me:
Ugggggg….Don’t want to see BBWI in your mix, have sizeable option position for earnings later this week. My thought is inexpensive gifts for the cash-strapped masses going into holidays. Store sales into Halloween were good. Will see how it plays out next two days. May reduce position or pull out if don’t see decent upward movement.
Well, let’s check on it this morning, shall we?
Over the past few hours:
Another victory for classic chart analysis!!
Oh, and if the post title made you wonder if I was getting prison-raped by the explosive rally in this market, allow me to set your mind at ease………..it’s not much, but it’s GREEN:
See: I’m not nearly as dumb as I look!
