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Lowe's (LOW)


SporeMonger said: "Hi all! It's been a while since I have posted. I lost my ass in the market and recently found out that I have cancer (Tonsillar squamous cell carcinoma) so I haven't been gung-ho about much of anything, let alone posting on a forum. Anyway, my cancer is treatable and I have a chance of a 100% recovery and will live a full life with little loss of "quality of life". Not looking for sympathy (Well, a sorry wouldn't hurt I guess), you don't know me and I don't know you; I just like adding detail and reality when I converse with people that's all... It's in my nature. After taking a break from the trading game, I started looking for something to go long in and without having stocks on my mind, I have noticed two new developments by Lowe's in my general area of Connecticut that caught me by surprise. They are snatching up land and building new stores! One is in Southington and I know the land is not cheap (I know who owns it, just can't think of his name ATM) and about 10-15 miles out, as the eagle flies, another in Cromwell that used to be an old neighborhood (two houses are still on location in need of demolition). The stock is quite cheap (yeah I know, moot point...). They are expanding, point blank... I'm thinking that now is the time to get in and would like to know what you peeps think about my possibly ill advised adventurous suggestion. :cornut:"

Cryogenix said: "Last 20.82 Looking at the 10-year, seems to me the pattern hasn't completed yet, and will around 14.00. Since we're talking condensed data, that could translate to another year for it to finish. 3-6 months down the road, I can see this possibly returning to around 24.00 before dropping to complete the right side of this pattern. Right now, it's positioned roughly around weak 5-year support. Next support levels would be 14.00 and 10.00. Here in SoCal, I've only seen two Lowe's. HD's are all over the place. Lowe's biggest problems are not being very contractor-friendly and lack of stores. Expansion would definitely help matters, but I wouldn't look for them to achieve much greatness until more stores are already up and running AND new home owners start buying up all those foreclosures and doing self-improvements. I'm thinking at least a year for that cycle to take off."

hasse_john@yahoo.com said: "I like your quote. I just read that Reagan, while president, was diagnosed with cancer, and went to Germany to be treated. He died 19 years later, and not from cancer. (Back in 1860's a doctor was treating a patient for cancer- which was rare at that time- and the patient came down with a serious strep infection, and ran a fever pushing 105 for three days, and the cancer went away.) Re. Lowes. It is probably better than most, but I see a large 'downdraft' on the horizon as the rest of the sub-prime mess is accommodated. Also the decrease in home values, brought on by that bubble of 'creative financing', and perhaps a following wash of bad credit card debt, brought on by the fiscal incompetance of many. I would tend to stay on the negative side for the next year or two."

Mr. Gekko said: "[QUOTE=SporeMonger;71170]Hi all! It's been a while since I have posted. I lost my ass in the market and recently found out that I have cancer (Tonsillar squamous cell carcinoma) so I haven't been gung-ho about much of anything, let alone posting on a forum. Anyway, my cancer is treatable and I have a chance of a 100% recovery and will live a full life with little loss of "quality of life". Not looking for sympathy (Well, a sorry wouldn't hurt I guess), you don't know me and I don't know you; I just like adding detail and reality when I converse with people that's all... It's in my nature.[/QUOTE] Hey, Spore! Sorry to hear about you're illness. I know Cancer all too well. I've never had it (thank God) but, plenty of family members have. I've seen it destroy lives which makes me happy that you'll recover 100%. :cool: As for LOW, I wouldn't be against dipping my feet in here but, I wouldn't go all in. Like Cryogenix said, wait until it goes lower... given the current market conditions, I'm sure it will."

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