Friday, November 23, 2007

Black Friday

My wife and I braved the crowds are ventured to the local mall in search of good deals and stock ideas. The holiday season can be a very telling time for retailers and disappointing holiday sales can be disastrous. The mall was very crowded with the usual suspects leading the way. Banana Republic, JCrew, Abercrombie & Fitch, Best Buy, Circuit City and the Apple Store were all packed. Some of the department stores were doing really well too, including Nordstroms and Dillards. The Apple Store was unbelievably crowded with hundreds of people clambering to save a few bucks. We walked in and the handed us a brochure with the days sales including $138 nano, $228 iPod Classic, $68 shuffle, and many more small discounts. This is one of the few times Apple puts anything on sale, so the apple groupies were there in flocks. With the continued success of the iPhone there is no reason not own a few shares of Apple.

The market rallied today with good indications coming from the retail side. The market closed at 1:00 today, leaving plenty of time to go shopping. Have a great weekend.

Disclosure: Long Apple

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