Macy’s Lifts off !!! Start counting your profit ;)

We recommended Macy’s on August 29th, 2007 afternoon. It was trading around 30.60-30.80 then.

Latest ticker reports Macy’s trading around $32 almost 4% above the reco.

We shook off some bad news from Sears and Chico’s from the retail sector yesterday. That would have been a sweet spot to buy too.

Our position is at $30.74.

On the technicals we just moved into the positive territory. Have more and more o go intot he positive. We are staying long. We are not taking profits at 5% on this one. Waiting for that 10%.

You may take profits as usual Enjaaaay the long weekend !

Good luck,

Your Adarsh