Recent

% | $
Quotes you view appear here for quick access.

Ralph Lauren Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • nvest80 nvest80 Aug 6, 2009 4:23 PM Flag

    Shorts are filling their shorts...

    I'm holding Puts and bought some more today. This is just a matter of time until they are done with this and then we will see this drop twice a force twice as strong as gravity...

    The way RL behaves is exactly the same way FNF behaved in the past year. They ran it up from 14 to 22. It didn't make sense but they did it and they exited their position at a high PPS. It's all a game and they will soon be done playing it with RL. The outlook for RL doesn't look good and they know it. Look at insider sales transactions...the same was true for FNF but they kept bringing the share price up until they were done...fell from 22 to 13. I think RL will fall faster because fundamentals are worse for RL and it's beyond overbought having rallied from 49 to 68 without a pause.

    http://finance.yahoo.com/echarts?s=RL#chart1:symbol=rl;range=2y;indicator=bollinger+volume+rsi;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

    We'll all know when they are done playing their game and you better don't be long at that point.

    I don't mind this going higher, for all I care this can go to 75 before it crashes. I doubt it will and the pre-news and post-earnings run up is priced in by now. But even if it would this is a great one to go short as long as you keep enough powder dry to get more. I don't hold shares short but go with puts instead.

 
RL
87.25-2.70(-3.00%)Feb 5 4:00 PMEST