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Target (TGT) why dipping?


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2011 Feb 18, 8:09am   1,219 views  6 comments

by Vicente   ➕follow (1)   💰tip   ignore  

Anyone follow TGT? I am seeing it drop this week and
not really finding a convincing reason for it.

Seems like a buying opportunity to me but I'm wondering if
there is something I've overlooked that would explain others
dropping it like a hot potato.

I'm mostly back in cash right now after dumping AMZN & NFLX and
thinking about my next move.

Comments 1 - 6 of 6        Search these comments

1   Vicente   2011 Feb 21, 2:08pm  

*bump*

2   Â¥   2011 Feb 21, 2:13pm  

Their main line of business is not gold mining, or potatoes?

3   Vicente   2011 Feb 21, 2:24pm  

Nice, thanks for the laugh.

4   MAGA   2011 Feb 22, 4:30am  

I worked for Target back in 2000. Did development work on their Tandem (HP) servers. The vast majority of their IT staff was from India. I guess that is one way of making/saving money.

5   FortWayne   2011 Feb 22, 5:02am  

NFLX will probably drop in value a bit. Amazon today (was it today?) released it's competition of streaming movies.

TGT I don't know. I don't really understand their business model so can't comment. Maybe rising fuel prices hurt their supply chain and they can't afford to raise prices? But I'm just speculating.

6   MAGA   2011 Feb 22, 6:30am  

ChrisLA says

NFLX will probably drop in value a bit. Amazon today (was it today?) released it’s competition of streaming movies.
TGT I don’t know. I don’t really understand their business model so can’t comment. Maybe rising fuel prices hurt their supply chain and they can’t afford to raise prices? But I’m just speculating.

Target. Upscale discount. I guess compared to Wal-Mart they are. I had a chance to work in a store for a couple days in order to better understand how Target operates and the applications that I was maintaining. (Data Warehouse)

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