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Why Hot Topic Could Still Ignite

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Numbers for November were weak, but there are potential opportunities.

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Abercrombie & Fitch (ANF):
I'm not sure the company is a good fit for me. For November, the chain's comps were off a horrific 17%.

I've been a bear for a while and not a heck of a lot is going to change, given these results. Its margins haven't been too swell, as I pointed out in Abercrombie Just Doesn't Fit. At this point it has to do a lot to win over new investors and keep many existing ones. I'm passing -- it looks like it's going to take a whooping in early trading.

Apple (AAPL):
Fellow Minyan Justin Sharon points out in Upgrades & Downgrades: Why Apple Won't Fall Far that Jesup & Lamont slapped a Buy rating on the company.

I'm hard-pressed to bet against Apple because just about every time I do, I get burned. At the same time I have trouble being a perma bull when it seems everyone is optimistic. Long story short, my caution flag is up.

Have a great day!


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No positions in stocks mentioned.

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