If picked up on Russell 2000 will it really have
that much of an effect? I can see a Dow or possibly a
S&P 500 where many index funds would be forced to
purchase. But with R2K any index fund would have a sampling
of the companies, not all. Maybe a little publicity
would be the best we could get out of the deal.
Interested in other opinions.
Does not seem as if it will break through 28
today, but holing up well considering market tone as
American Spirt noted. Shipment of shoes to other retailers
in this qtr. should help to boost revenues. We won't
know how well they are selling until folowing qtrs.
This qtr looks good.
Shoes are in some of the larger, high profile
stores. The entire line was in the San Francisco Center
Mall bebe. Most stores are expected to have shoes by
the end of summer, also note that in addition to
Madamoiselle magazine, the Chicago Tribune featured a pair of
bebe shoes 2 weeks ago in their WomanNews section. The
shoes are out there....
Before my wife left bebe they told her that the
new shoe line would not primarily be distributed
through the stores. Rather, a small part of the line
might be available thru the stores. They never
explained the reasoning.
The only thing I can think
of is that most bebe stores don't have the room to
incorporate the entire shoe line. For example, my wife's
store, while being the smallest square footage in her
district, was also the number one in volume hands down.
They are so small they do not carry the lingerie line
and very few leather goods. (which begs the question,
why isn't bebe expanding the store? buts that's
another issue) I also think the shoe line will get a
stronger start in the dept stores, and if they didn't do
well, bebe doesn't have to take markdowns!
above 28 and a close above that level. This has
been the short term resitance point over the last
couple of weeks. After that looking for a move to 31.
Briefing.com continues to follow Russell 2000 Reconstitution
stocks and believes that absence other negative news
these stocks will continue to move higher or at least
maintain a level of support.
Yeah BEBE!!!! We'll
see if we have another good day. Looks pretty steady
at 8:45 this morning.
First time BEBE closed above its 13-day EMA
(Exponential Moving Average) since late April. Since then, the
average did exactly what it's known to do - act as a
ceiling while a stocks price trends downward. Bebe
continually kissed, but then fell downward ever more this
average for two solid months. The potential for the flip
side of this now exist! That is, the average
(currently sitting slightly above 25) will act as a floor as
the stocks price trends up. I expect some pullback
either tommorrow or the next. What I'm hoping for is
that the close of business price does not pierce thru
the moving average heading back down. I do not expect
another runnup of more than one or two points before this
average gets tested. Good luck longs. But expect a bump
or two along the way.
P.S. Anyone interested
in seeing the chart for BEBE showing the
significance of the 13 day EOM should go to
www.clearstation.com and enter BEBE in the stock edit box.
Agree with you, this stock will go at least to 35
very very soon.
I believe maybe we are seeing a
"short squeeze". If we look at the sell-out volume of
the past weeks a lot more shares than the 2.4M float
were dumped and they were not insider sells.
anybody is interested, here is a good article about short
squeezes. Its not new, but is
If this is what we are seeing, LETS PUT MORE
PRESSURE ON THE "SQUEEZE", DON�T SELL UNTIL WE GET TO AT
LEAST TO 35-37 !!!!
I believe they're in Saks and such and not in Bebe stores. Why I don't know. But the girls love em I heard.
Another 2 1/2 points tomorrow please? This is getting fun. Almost back to even.
Bloomberg shows that Raymond James is covering
BEBE with a Buy as of today.
Also, in addition
to the upgrade on friday Kloppenberg at Robertson
Stephens has Reiterated her buy on the stock a second
Great news Longs
Great weekend...I wish I could get returns
comparable to how I did at the crap tables in Vegas.
Anyway to the real issue... unfortunately, I didn't get
to spend too much time at the new Vegas bebe store
(at the Venetian hotel), but it was definitely larger
sq footage than most other stores I have seen. I did
not see any shoes, but did get a glimse of the new
workout line. The location of the store is such that it
is the first storefront you see when entering the
mall from the casino!!
One note, while my wife
and I had a late dinner at the hotel, I was impressed
by the number of women walking through the casino
with bebe shopping bags! It was impressive considering
we were having dinner around 10pm... BTW the store
is open to midnight.