Dead Cat Bounce

Well it's been quite a day for Molly and Fiona. They're way up on their Ross Stores trade. Congratulations.

Also, Molly is in the  LULU $50 calls for January. The stock was down after earnings. She didn't see any big reason for the $6 to $7 dip, and jumped in. She was up almost a dollar in a few hours.
Kina is way up also, almost $3,500, but she hasn't sold anything yet.

Sometimes a trade like this is called a dead-cat bounce. If you like cats, stop reading. The theory, so it goes, is this: No matter how dead a cat is, if you slam it against the floor, it will bounce up some. That's this play. Okay, gross, I know, but honestly, that's what it is called. Do you want to hear about the dead dog bounce? Okay, I thought not, but it is different.

Watch Estee Lauder (EL). Also, Ross Stores is still in the game. I still think ROST can go to $100. Will it? Who really knows. I believe in forklifts, and am reticent because of worldwide bad news.
But hey, Christmas is coming.