Tuesday, June 16, 2009

The AVENUE to PROFITS!?! ~ Saks Incorporated(Public, NYSE:SKS)

4.02-0.31 (-7.16%)

Upgraded June 12th
by Deutsche Securities
$6 $7

DIP LOGIC: we lost DKS (-8%) and needed a "what-if-we-rally" retail play. Saks likes to jump 15% on odd wednesdays. hmmm.

ARM YOURSELF ... with a $200 silk tie!*

p.s. *silk tie can double as a noose if we're wrong.
On the DARK SIDE: *short* STP (solar), MDR (oil services) , GE (fatty) , BYD (casino/gaming) ~ successful day trades, no overnight pos


BUY ON THE DIP said...

LOL of the DAY.

BYD director recently bought 1,000 shares at $9. that's $9000? ~ big pimpin' .. haha.

Anonymous said...

"only 2 posts? ....hmmm, maybe in a few months. nice start!"

I am still setting up the blog. Sure, I will request after few months. Thanks BOTD.

BUY ON THE DIP said...

BILLY in the SKS. (fewer shares but still a large position)

Hedge fund manager Bill Ackman quietly built a small position in retailer Saks Inc. (SKS), a disclosure Wednesday showed.

Through his hedge fund, Pershing Square Capital Management, Ackman held about 1.33 million Saks shares at Dec. 31, according to a filing with the Securities and Exchange Commission. By the end of the first quarter, Ackman's Saks stake had fallen to 970,841 shares, another filing showed.

Shares of Saks, which operates the Saks Fifth Avenue department store chain, fell to $3.98 Wednesday. Although Ackman could very well have added or subtracted shares since the quarter's end, the 970,841 shares would be worth about $3.86 million at Wednesday's closing price. That's a fraction of Ackman's $2 billion portfolio.

After the end of each quarter, major money managers are required to disclose their holding of most types of securities.

Ackman's previous disclosures didn't include a complete picture of his holdings because he was permitted to keep some of his investments confidential. Prominent investors are sometimes permitted to temporarily withhold information from their quarterly reports if the disclosure would interfere with an investment strategy.

BUY ON THE DIP said...

+0.33 (8.53%)

JeffreyLin said...

AHHAHAHA "ARM yourself" didn't see this post where do u pull this stuff out of...