UA needs to start "Protecting their House". Talk about a falling knife. Well, I tried to catch it yesterday and was cut badly. The price action turned ugly and I sold my position this morning and I'm looking for a re-entry as soon as it bottoms.The retailers are hugely oversold at this point and their balance sheets or earnings don't deserve it. Oh well, the market is often irrational.
By the way, still holding ANSS. It looks to me like an after earnings sell-off and nothing to worry about. I would add here if I had any cash left.
I am also glad that I used my head with GB and didn't nibble yet. They fell after earnings. I need to listen to the Conference Call this weekend to understand what is going on there. They announced an acquisition as well. This needs to be researched. Looking for a bottom with this stock as well. Also, looking for a bottom with SIRO to re-enter. How did I become a bottom feeder?
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