Shares of Under Armour Inc (NYSE:UAA) are taking a

Shares of Under Armour Inc (NYSE:UAA) are taking a major beating today, dropping 25% after the company missed on earnings and guidance. As the stock collapses, investors are panicking on brick and mortar retail stocks. I believe this is the wrong attitude. In fact, I believe that buying stocks like Macy's, J.C. Penney and Target is probably the smartest thing investors could be doing today. Why on earth would I think this? It is simple. Look at the price action yesterday on these stocks. They were all higher. Next, look at the price action today on these retail stocks. They are all down, but even with Under Armour dropping 25%, they are not making new lows. This signals bullish big boy accumulation and tells me to get my a$$ on board. These stocks are priced way too low right now and a big technical bounce is coming.




Investor strong buy on retail stocks after Under Armour hit

I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.