Thursday, March 25, 2010

Quick Update

The Google (GOOG) trade has turned in my favor, and I just took a little bit off the table. Sold 1/6 of the rather large trading position at 568.43. I'll be keeping watch of the stock as I make my exit.

In other news, the earnings release for Wet Seal (WTSLA) is coming out later today. We know the company recently upped their earnings expectations to 0.08-0.09 EPS on account of stronger than expected margins. I guess we'll see if their margin improvement can be sustained and whether or not their clothing mix is looking good for the Spring season.

I'm tempted to sell a few shares ahead of this report, but I've decided to sit tight. Perhaps I have a fool's conviction. Off to the DMV and then off to work.

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