Vulnerable as consumers tighten budgets... Especially notable after discount retailer BIG dropped 20% yesterday (!)
Could be a great short into the gap open. I would use a stop slightly above the $10 IPO level. Plenty of IPO investors feel trapped now that stock is below the offering price - and will use this morning's gap to liquidate.
Via Jeffrey Gundlach: Apple vs Google initial trajectory comparo. AAPL in red, GOOG in white. Any questions?