08-21-2013, 03:00 PM
(08-21-2013, 02:40 PM)TomK Wrote: Kerim, we both bought Target on the same day last week, and it has fallen like a rock since then, more than 7 percent by my count from the moment I bought. I hope very much that our agreement about the merits of a stock is not a bearish indicator!
But seriously, the question now is whether to double down. The earnings report and guidance were not stellar, but I feel like today's price drop may be a bit of an over-reaction. I'm inclined to buy some more.
What do you all think?
My thoughts...
If you are an long term investor TGT is more attractive today than it was yesterday.
If you are a short term trader TGT is less attractive today than it was yesterday.
...
I am a long term investor and will have new money available for a new buy in the next couple of days. Today's drop has moved it upwards on my list but I have been leaning towards adding to either my PM or O positions with this purchase.
I'm beginning to wonder if retail sees a continued slowdown in the second half of the year as oil and gas continues to go up. I'm going for safety in higher yields with this purchase and think TGT could be more attractive in a couple of months when my next buy is ready to be made.