10-30-2020, 03:44 PM
(10-30-2020, 03:37 PM)divmenow Wrote:(10-30-2020, 02:56 PM)EricL Wrote: Sold out of my ULTA position and used the proceeds to initiate a position in ETSY.
Eric noooo... Don't sell ULTA.. It was one of the few in the green today
You should have kept both. They go hand and hand.. Didn't you get my memo about women shoppers lol. I love ULTA. I have 2 daughters who shop there weekly. Well my money
Honestly for me I have no reason to sell it. They are doing very well. If it gets to $185 or so I will add more.
I'm kidding with you. Hope it works out.
I had to sell something to buy ETSY. I think ULTA will be fine long-term, but with another COVID wave, I don't think it's going anywhere soon. I like ETSY's growth prospects much more than UTLA's over the next couple of quarters.