Any thoughts on Big Lots! (BIG)

[Kevin Wong]

I decided to sell my stagnant biotech stock and purchase Big Lots!. They have zero debt, good fundamentals, good technicals, and I was thinking as consumer look to save money given the rise in fuel prices, slump in the housing and automotive sector, people will look for cheaper alternatives. That and Big Lots! sale store sales are up (only 4%, but I'm still countingt it). Anyways I don't expect this one to triple or quadruple my investment, but the risk seemed small and the return looks highly probable. What do you think? Did I make the right choice?

Just thought I'd run it through the brain-trust after I lost ~10% in AMD.

[AJLightning]

KSS

[Kevin Wong]

Well, yesterday's run up of 10% looked too good to be true. I didn't sell with everyone else. Instead, BIG is right back down to where I bought it. My guess is that the earnings report were spot on and that the long time investors rode it up from the teens or twenties. I'll hold and call this support, but it'd sure nice to see this one climb higher.