I forgot to even account for online sales and new stores and still came up with .64, so I would be inclined to think that they could easily beat .70 including those revenues. My bad.
I sold when it was at 35.40 and repurchased 2 days later at 33.60 or $1.80 less than I sold at. By doing this I felt that I already got the dividend. I typically sell before special dividends.
Nice, that what's I was thinking yesterday. anyway, not sure why everyone thinks this teen retailer is any different from the others they sell the same type clothes as PSUN and PSUN used to be a lot higher too. now look at it. I wasn't impressed with their store contents when I went in the other day.
you have to relax. i can't count the number of times that i've tried timing the market and been burned. i've found that a much better strategy is to just accept that i'm going to miss the top and bottom. so, i'm going to get burned once on the sell because i won't get the absolute maximum price. however, i'm not going to make an early exit either because i will stay in until the trend reverses.
we're still in a bullish trend. just decide to sit tight and remember what buffet says “The stock market is simply the transfer of wealth from the impatient to the patient”.
I'm not worried. This is a good opportunity to pick up more cheap shares. I repeat myself, this will be the only good opportunity for shorts to cover and you will see another price surge. I'm saying watch for the bottom of the dip and buy what you can afford.
Folks, can we wait a bit longer than 2 hours after the re-set before making a judgement here? The real question is what is going to trigger the squeeze and when will it happen? This stock isn't daytraded to any meaningful degree, and with 35% short float, I don't think there's any desire for new shorts to enter or current shorts to add to their positions. If we can hold mid-thirties through to earnings or an upgrade, then a short squeeze is a done deal.
Almost choked when I saw ANF get an upgrade yesterday. PSUN got one today...how 'about a little love for BKE?
by the way...this fits with wall street's model of buying who they think the winner is and shorting everyone else in the sector. too bad anf is NOT the winner anymore. (revenue growth and margins anyone??)
i can't fathom why the upgrade either. i can't remember who said it but on fastmoney i thought the analysis was dead on when the talking head said analysts still think anf is cool with the kids so that's why it continues to go up when in reality they are out of touch.