Today shares of retailer Dillard's, Inc. (NYSEDS) are getting smacked down to the tune of 7%, as the company reported earnings which did not meet analysts expectations. Dillard's, Inc. (NYSEDS) has been a stellar performer this year, as it shares were up as high as 28% year to date. How things have changed. So with this massive drop in the stock, I look at the chart for the best opportunities to go long for a bounce, where profits can be made. I have located two levels that can be played on the long side and could potentially provide traders with some nice, quick cash! The two levels which need to be on your chart for Dillard's, Inc. (NYSEDS) are $102 and then around the $98 level. Even if these levels are not tagged today, keep them on the radar as they will still be valid for next week, and will still give traders the opportunity to make money. Parm Mann Elite Round Table Follow me on twitter: @ParmMannTrader
How many of Dillards stock have you bought? It went down just by four dollars I guess would have to see where this one goes I guess. Dillard is losing money and needs to get on the ball if they want to survive otherwise its going to be like Radioshack.
Declines in sales and earnings, weaker margins, and increased discounts are attributed to the selloff. They've done great in the last 5 years, but they're very vulnerable to economic swings. If I'd been long this one for a while, this would be a great time to take profits IMO. As for getting long now, they're still far cheaper than the industry average. But I'd bet lightly on any retailer, particularly one prone to selling off hard in rough times and showing even slight declines in sales and earnings. I'd buy a put for protection if I was going to buy it now, and I'd probably wait until the selling volume from Friday died down.
What sort of time frame? What amount of upside are you expecting? You mind if I ask what sort of success rate you have on these? Like what % bounce back within your timeframe, and what % stall or keep going the other way during that time frame?
If my $102 level is tagged then one could expect a bounce back to $106.25 very easily. I am a professional trader and I publish many trades set ups like this. I published a trade set up for crude oil not too long along here on this site and funny enough my trade was triggered on Thurs and then a nice bounce in crude took place on Friday. Not sure if you are a trader or investor but myself and my colleagues publish free trade set ups and provide market opinions on a daily basis.
I invest 90-95% (mostly fundamentals) and trade 5-10% of my time and money. Been at it 20 years with my money, 10 with others'. I'm big on risk management and protecting the downside... I'm always thinking about what would happen if I'm wrong or if the fundamentals changed on an investment, or if the event went against me on a trade - how much money would I want to limit myself to losing on trades not going my way, etc. My trades are usually event-driven - sometimes intraday, sometimes over several days or weeks. For example: http://www.bullmarketboard.com/showthread.php/655-Tackling-Ebola Do you ever find that when trades go against you that it was because the fundamentals drove it that way? Or is it more often other factors?
I beleive that the charts lead the news. There are certain patterns and techniques I use to enter trades. I do not enter trades just for the sake of being in a trade. I set stops in place ahead of time and must abide by them. Its all about good money management. Win big and lose small is the goal.
That is not that much of a difference in price I see. Even if they were to increase to $110 I may buy a share. Then again it is up to Dillard if they want to make more money or not.
Another recent small trade / short term investment that made me another nice little payday over a few weeks: http://www.bullmarketboard.com/showthread.php/419-Anyone-making-any-large-investments-now/page2
