So far I’ve had a great week in the stock market, my biggest holding, Deckers Outdoor (Deck), maker of UGGs is announcing earnings after the market closes. So far this week it is up about 10% and it has made me a profit for 2009 of over 50%. I believe they will beat earnings expectations (partly because I bought a pair of their slippers) and go up to my original target price of $100. All I need is a couple more weeks like this and I’ll be out of debt. Everyone go out and buy some UGGs, they are really comfortable.
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Making Money in the Stock Market2 comments to Making Money in the Stock Market |
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Oh Well, I was partly right, they beat expectations by 35 cents but the stock is getting slaughtered b/c there was some bad news mixed in. The future outlook is still good so I’m going to hold on to it for now.
Sold between $70 and $71.50 prospects still look good so I’m hoping for a buying opporyunity