Limited (LTD) hot streak cools as it reports much lower than expected same store sales growth.
Once again we were ahead of the curve. We saw this coming when Wall Street was pounding the table to buy this stock.
We sold short at the recent top on May 18th at $42, $42.54, and $43.50.
In the pre market this stock is down $2.21 at $36.50.
We wrote:
 target zone is $35. to $37.
The trade has worked out perfectly. We will look the gift horse in the mouth and take profits on most of our position here, leaving only a small position to squeeze out a little bit more gain.
Conservative investors may want to exit the entire position right here at $36.50 in the pre market.
