upgraded today closing up to 100 stores new waiver to financila covenants
Bought today and yesterday. It has great potential, just has to perform and it should go up.
Posted by TraderTom on :
Thank you for the tip, MNT, I'll try to get some also (at 3.5).
Posted by Chicoman on :
very beat up stock their same store sale for Nov & Dec we're down double digits if I remember correctly.
I've been watchin this...still a little concerned because specialty retailers such as these have lost marketshare to the larger department store retailers like JC Penny, Kohls and several others.
Posted by Art on :
WLSN may not do much for the ST.
Posted by TraderTom on :
Art, you were right (as usual). I entered at 3.5 and was stopped out shortly thereafter. Are you still holding, MNT?
The stock dropped an additional 30%+ since then (to about 2.5), and we had another huge volume spike yesterday. The intraday chart is drawing a symmetrical triangle. Do we think it's low enough now for reentry?
It may be an LT play also, but they seem to have cash-flow problems and may end up in Chapter 11 ...
[This message has been edited by TraderTom (edited February 06, 2004).]
Posted by Art on :
WLSN may show some slight rebound soon in a dead cat bounce, but financial outlook is poor.
I never bought it and would not.
Don't understand your comments on MNT. I don't own this either.
Posted by TraderTom on :
Art: I meant "Are you still holding, MN Trader?" ..
Posted by Art on :
quote:Originally posted by TraderTom: Art: I meant "Are you still holding, MN Trader?" ..
Sorry. Misunderstood.
Posted by MN Trader on :
unfortunetlly I still own. Another one that I didn't have a stop on and now have to wait. I feel it will come back - may take awhile.