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You must have a short position. No matter, the stores will be reaping the closing of SA and easily hit the $51.00 price target. Then things will get better for future.
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Yes, I am not sure how its fair at all early May Morgan Stanley downgrades the stock and it drop...then after results are announced they upgrade the stock and it pops
You can argue that they based these moves on what they believe was going to happen to the stock based on results....but if not results where announced at all during this time they still could have made money based on there own downgrades and upgrades.......seems a little rigged
Sentiment: Strong Sell
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If you are a option trader, you shall: 1) don't rely on Yahoo's data. 2) know how to interpret those data.
What Yahoo is telling you in this case is that on the LAST DAY this option was traded, there were 2200 contracts traded. And that day is not today. It's actually 5/11. You shall know the data is fishy when expiring 47 put is traded at $3.7 while the share price is traded at $40-$42.
DKS's outlook is actually better than what many were expecting. Look at the outlook from BGFV.
Bad guidance, not a big EPS beat, major down market, DKS is up big!!! What is behind it? Too many weekly put options expired tomorrow! Market dealers are going to drive the stock up to kill majority of put options! There are trades of 2,200 contracts of May 47 put today if Yahoo Finance data is correct.
However, the company's current-quarter and full-year forecasts are below Street estimates, and #$%$ sees comparable-store sales down 1 percent to 4 percent for the current quarter.
If you doubt what I say see COWEN and CREDIT SUISSE Upgrade of APPLE days before earnings and a huge amount of upgrades by everyone 1 month before so they could get out !
huge next quarter that must be why all the crooks are upgrading it so they can get out leaving naive regtailers holding the bag.......