I like JWN at 14.13
Updated
Nordstrom is still a profitable company, even if middle-class retail continues to evaporate.
It has BIG SUPPORT at this level.
Has a tendency to jump up from this level.
COUNTERPOINT: No real idea how many people are willing to buy/sell at prices lower than this; sub-14 hasn't been seen since late 2020.
It has BIG SUPPORT at this level.
Has a tendency to jump up from this level.
COUNTERPOINT: No real idea how many people are willing to buy/sell at prices lower than this; sub-14 hasn't been seen since late 2020.
Note
I never made a play on this.I would have been too impatient anyways to let this materialize.
NOTE TO SELF: Buying at 14.13 would have yielded me a 34% return in 3.5 months. PATIENCE is what I need to work on in 2024.
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