DLTR - Catch it on the Rebound. Target 120 by end of Jan

Dec 11, 2024

DLTR has had a rough 2024 having fallen from highs of 150ish to the low 60s. The company is still profitable and has a plan to deal with any increased Tariffs coming their way (one of the most pressing concerns). On the last earnings call they raised guidance after beating analyst estimates for the quarter. DLTR price is probably being held down by tax loss capturing. Expecting moderate price appreciation through the end of the year from funds that had no exposure as they initiate new positions. January should bring renewed interest with a target of 110 to 120 by Feb 1.

Jan 6

Trade active

After a $3 drop last friday, doubled down on short term calls as volume and price should pick up due to short covering and elimination of tax loss harvesting. Must get above 77 level convincingly to move into the 80s and low 90s. Low risk IMHO as worst is behind this ticker.