Wednesday, October 29, 2008

My Obama Rally

Michelle Obama that is.

Apparently Michelle was on Leno Tuesday night and they got to talking about wardrobe since there's this big brouhaha over Sarah Palin dropping couple hundred thousand dollars at Neiman Marcus. Michelle talks about how she got her yellow ensemble online at J. Crew and that actually generated a surge in online traffic for specifically what she was wearing. CNBC reported this this morning and we all thought it was funny since it did have a moderate strength. I shorted it a little bit just as a joke really. Well, 2:40 rolls around and imbalance orders came out and JCG had a strong buy imbalance. Seriously, WTF... JCG's previous close was 17.52 and it reached a high of 19.90. That's almost a 13.6% bounce.

I just find the whole thing a bit humorous.

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