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OfficeMax Incorporated Message Board

  • bono_may bono_may Jun 14, 2011 9:55 PM Flag

    Huge short squeeze in a day or two

    good retail report, hiring set to increase in the second half. Management reiteration of forecast. Remember more employees more office supply. I can already smell the shorts burning.

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    • I'm now long on OMX, after a nice short. However, I think you're going to see more of a slow rampup rather than a huge spike. The reason is we are in the middle of the Sell-in-May-and-go-away season, and hiring won't increse until late August or September for the Christmas season. So, I'd think you will just see a slow meltup until August or September, then a vertical up acceleration. Just my opinion.