Tuesday, October 08, 2013

Sold Rue21

I took a small profit in Rue21 (Ticker: RUE) today at $41.10 generating a net gain of 0.27% (13% annualized gain) over a 7 day period. The risk has significantly been reduced with the recent bond placement, but I didn’t want to push my luck here and ruin a good year. The downside is significant if this deal breaks (looking at a ~ 50% downside from these levels). I just don’t have that good fuzzy conviction feeling with this one so I’m out.


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