Friday, June 10, 2011 1:50:52 PM
Ya I dumped a bit over half my position today. My big question mark was where would margins drop to.
I can handle 30-32, but I have a hard time holding much of this if they'll be in the high 20%s.
No idea if they'll be able to strengthen margins much going fwd so had to sell at a loss and move mostly on. Will hold a little since I looked into the company.
Didn't get to listen to CC yet. Wonder why shrink shrinkage didn't help more on the margins side (or if shrink didn't drop as much as planned). Also SGA was slightly higher than what I was looking for.
Those 28%+ GMs are pretty ugly for them from a historical perspective.
On the plus side in the port, still good amounts of cash so market going down is fine with me (for now).
I'm still a neon tetra.
Clown fish are still way bigger so still got me beat
Looks like I'm gonna get some fishin' in this weekend woohoo! That'll help reduce the stress. Enjoy the weekend Mr clownfish. The sea anemones should protect you.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
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