I was with NKE last week and the exact same pattern happen. The only difference NKE didn't in a negative all session long. As I am writing this message the stock has gone from 23.40 to 23.70. My prediction, its Friday and investors are going to want to make some late rally money by end sessions end putting FINL at $24.60. I just have to think whoever purchased 3 minutes a go at $ 23.30 a share is going to make some good money at $ 24.60 a share.
I was going to sell covered calls, but now I'll wail. A while back the same thing happened and it retraced all the way back to it's high.
I agree, whats the play my investor brother? I was planning to sell today but I feel the power investors "in the know" are lowering the stock price so they could buy more. May have to hold until next week.
Patience,sometimes you have to go with the contrian view.After 2 price downgrades friday will be here in 46 hrs.Good Luck.
I held through last earnings instead of selling at 29 and have been holding on ever since. Am hoping it goes up to close to my buy point and I will sell. I don't trust management. If you want to buy go ahead. I have to get to 27 just to get even. What a waste of time sitting on this thing
She is very conservative and expressed too much of a spread between Finl and Foot Locker.Earnings next week and if they meet or beat expectations we could see $30.IMO.So what happened to this board. Let's have a Lazarus moment here.