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The Fundamental Things Apply as Time Goes By 11/2/23

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you got to getting old and you have to have had a TV in the early 50s to remember Howdy Doody and Clara Bell.  There's got to be a modern financial genus appropriate to the moniker Chief Thunderthud!

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My biggest wiener today is that hot new high tech name, Burlington Coat Factory. It popped up on my screens a couple days ago, and the hourly chart looked good yesterday. And when I lived back in the good old USA I like to shop there. Burlington Coat Factory is more than just coats. 

Back in the day when I was driving back and forth between West Palm and Montreal, I would get off the Interstate, put the top down and take the back roads through central Jersey. I'd stop at the Wawa in Flemington and gas up, then push the jalopy over to the Burlington parking lot. I'd go in there and load up on designer names, like Lee Jeans. I always like Lee Jeans. I don't know why.

You know Uncle Warren and Mario always said buy shit whose producks you like. Seeing Burlington pop up on my screens brought me back to some good times. So that's why I bought some of their stock yesterday. 

 

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Besides, they were having a 30% off sale yesterday. I couldn't resist. 

Now that I've told this story, it's time to sell it, I guess, but if this sticks, it's a nice bottom. 127.35 is the top of the base.

Or bearish consolidation.

Whichever. 

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26 minutes ago, DrStool said:

Besides, they were having a 30% off sale yesterday. I couldn't resist. 

Now that I've told this story, it's time to sell it, I guess, but if this sticks, it's a nice bottom. 127.35 is the top of the base.

Or bearish consolidation.

Whichever. 

Giant SHS on the monthly. March 2020 and Sep/Oct 2022 low not far away. Must hold, otherwise: Sayonara.

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3 minutes ago, DrStool said:

Nationwide. Store are you bic quit us. 

I know. Mother of friend of mine was owner of the Burlington store in Heidelberg. B) Now closed. :ohmy: If still open, I would have shown you, so that you could buy a pair of new socks there. :lol:

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25 minutes ago, fxfox said:

I know. Mother of friend of mine was owner of the Burlington store in Heidelberg. B) Now closed. :ohmy: If still open, I would have shown you, so that you could buy a pair of new socks there. :lol:

They're franchised? I didn't know that. 

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