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Author Topic: Lowes (LOW)
Jo4321
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There's a new Lowes opening in May in my town. There are two others in neighboring towns that always seem busy. The weather is getting warmer, do-it-yourselfers are coming out of the woodwork.

Current PPS $24.85. RSI just over 50. Could it be a good time to buy LOW? (LOL and sell high?)

I know it is somewhat tied to housing, but I'm thinking maybe more people will be fixing up their homes during the downturn, since they cannot afford to sell their homes.

Anyone have an opinion on this one?

Jo

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"Great Day for Up!"....Dr. Seuss
Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Jo4321
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HOD of $26.05 today, strong close $26.02

http://biz.yahoo.com/ap/080425/lowe_s_ahead_of_the_bell.html?.v=1

Ahead of the Bell: Lehman starts Lowe's at 'Outperform'
Friday April 25, 6:18 am ET

Lehman Brothers tags Lowe's with high rating, says international expansion is opportunity .....

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Stupid
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Just let us know before you sell so we can buy when the pps moves up JO.JK

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DDDDD
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Jo4321
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LOL. I'm thinking about selling it right now, since it is up nearly 6% today.

But here's another heads up for you. I just sold short RJF at $29.55, so that one will probably sky-rocket.

Jo
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Jo4321
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Hey Bottomfeeder, RJF 30.09 See how that works. [Frown]
[Wall Bang]

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"Great Day for Up!"....Dr. Seuss
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Jo4321
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RJF hit a high of 31.23 today, and I'm still short.

I guess I should've gone with my gut and sold LOW yesterday when it was up 7%.

I went to the new LOWES that opened yesterday. Lots of people there, lots of product heading out the door.

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"Great Day for Up!"....Dr. Seuss
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