Thursday, May 17, 2007

URGI found support

@12, which has been verified three times already.

nice rebounce, however the point is it is not the time for loading retail, the whole sector looks weak.


it did better than I thought, I missed the news about institional holding, they have strong interest in this underknown retail, looks good from here

I am looking at its day graph for the past 6 month, the key(actually obvious) insight is it was trading in a range roughly from 12-15, so buy at 12 and sell at 15 have been working nicely so far, but I am actually expecting the next leg up will break that range, since summer comes, usually their sale will be strong in the coming months, waiting for ER and next month same store sales news to check it out.

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