Pep Boys - Manny, Moe & Jack Message Board
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$10 today?
at the rate PBY is climbing today, the shares could easily break into double digits by the bell, especially with a little help from our short friends.
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Short, glad it worked out for you. I am surprised. However, if it hits $10 I'd get out and buy back at $9 and sell at $10 a few times to get your money back. I see nothing in the horizon to keep this above $10. The shorts will be hammering again soon. Gaballit may have propped up in the short term. Will be interesting to see in filings next few days. JMHO DaninFW
Sentiment: Strong Sell
- 2 Replies to daninfw04
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dannin: well wished it worked at better, as I sold 1/2 my position yesterday at $9.31 ( OUCH)! it seems like everytime I get into the break even zone, I tend to want to bail!
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I meant Gabelli. Too early in the morning. Haven't recovered from China trip yet. DaninFW
Sentiment: Strong Sell
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I am surprised at the eternal optimism which makes this a great trading stock. However, there is zero reason for shorts to cover. Will be below $9 again very soon. They talk about tire margins going up and then plan to open another 40 stores in the same markets as existing stores......thus cannibalizing sales and profits. Their business model is broken as I have said for years with hub and spoke concept. Reality will again set in soon. DaninFW
Sentiment: Strong Sell
- 1 Reply to daninfw04
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the only reason for shorts to cover is because it is going up. I think you have to go with the trend and logic dictates it will probably go to $10 before it drops back down to $9!
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