Hi Flemster that's interesting comment. the reason I recently got into cfd's was in fact to short some of the major retailers. but then over the last 3 weeks or so with the hype in the media the strong down that was in the consumer discretionary index chart turned up very sharply to give an upward continuation of the o/a trend. so with strong sales reports on the media i did a 180 degree turn and went long.
both JBH and DJS have had a pause at the moment from their initial sharp rise so I will certainly be watching them to see if I have been conned by the media.
the Australian industry group performance of industry index is out today and the Services index is down 2.8 points to 46.1. within this the sub index for retail recorded its strongest performance since april up to 48.6 points. so for retail thats not too bad. (above 50 good,below 50 not so good)
but retail stocks have had a very good run over the year - so maybe what we are seeing now is the last hurrah. hoping it hurrahs just a little higher.
HVN yes, havn't looked for a couple of days but it one that looked a good possibility for a short when the tide turns.
