Thursday, May 9, 2013

Taking Profit In DSW

Took some profits in DSW Inc (DSW) today. For one simple reason: stock trades in range between earnings (usually) and current range is between 64 and 68. I don't know the reason for a jump today (intraday high 68.80), and I don't care. Of course, I don't know the future (nobody does), so I sold only part of my position.
Will buy back under 64.
Disclosure: I am long DSW.
Additional disclosure: Positions can change any time.

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