RE:RE:RE:RE:What Now?I really don't see the risk to ATD of a market-wide pullback - not at $40. This is a growth stock, but not in the realm of a Canada Goose, which sink like a stone a year ago, and is now flying high again. The stock was only down 15-20%, not 50%. I like how it is going at the moment, slow and steady and accumulating strong hands who are not just looking for a quick flip and jumping on the bandwagon. In fact, if some of the frothier stocks start to tumble, it may send traffic our way. This is a hold all-day long until at least $45, and I'd even say until $48. At that point, it's a decision of whether to trim.
jlohmuel wrote: It is going to be a long month+ until the next financial release date of
Mar-17-2021. Hopefully, ATD moves back up to the previous level of $45-46
and then we will have to see.
TD has 1-yr target of $ 53, CFRA $ 49.
But players in the market might also take some profits over the next month
given that we are at another HIGH. Probably, people smoking too much
during the pandemic....A dip is probable and likely.