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Sell Dollar Tree (DLTR:NASDAQ) for 40% gains

Posted May 8, 2008

by Laura Cadden

Baltimore (TFN): Dollar Tree Stores Inc. (DLTR:NASDAQ) has released its first quarter results: comparable-store sales increased by 2.1% and total sales went up 7.8% as compared to Q1 last year.

The news has propelled the share price past $32.

If you took advantage of our recommendation back in mid-January of Dollar Tree Stores Inc., you’ve garnered 40% gains.

There is clear potential for this stock to gain another 5 - 10% over then next few weeks. But I think this volatile market warrants caution, so I’m taking my gains to the bank.

Sell Dollar Tree Stores Inc. today at levels of $32 or above.

By the way, I just published my latest TFN Hot Stock Pick of the Week. Check it out and see what you think.


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Posted by Laura Cadden · Filed Under US Stocks and Markets 

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