Sears (SHLD) dropped nearly four bucks today, so I sold it. It didn't go up all that much, and now it's back down again to where I bought in. After commissions I basically broke even. I'm going to stay in cash another week or two and see if it goes any lower... if not, well, there are Hidden Gems I can buy. There's a preliminary earnings report August 15, I hear. CEO Lampert doesn't give much guidance, and a lot of people seem to be suddenly bearish on the stock. I have to wonder if they know something I don't.
I'll admit this was something of a panic move, and I may regret getting out... but there's always another stock.
Posted by kindall at August 3, 2005 12:52 PM