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Bon-Ton Stores Inc. Message Board

  • longtimefollower longtimefollower Mar 8, 2012 6:59 PM Flag

    Overdoing it.

    I will likely plan on shorting at $9.85, then again at $14.

    Nothing has HAPPENED yet, and the guidance for only a marginal profit for the year doesn't justify a move higher from here.

    This is a "momentum" based move.

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    • Hogwash.

      They are FLUSH with liquidity. The street is betting on the Jockey here.

      This stock can go much higher.

      I should point out that you were convinced that CPWM was going bankrupt and you shorted it at $2.

      Its $14 now.

      This is just your way of bashing the stock because you failed to buy it when it was cheap.

      • 1 Reply to smaycs4
      • You were wrong, and I was right. (Which you seem never able to admit...but enjoy, instead, pointing out when I was wrong, exclusively.)

        I got you out of HERO in the high $4's. Now you can buy it back at $3.

        I got you into EMMS, and you doubled your money.

        And on and on.

        I got you into CPWM, but, perversely, you "blame" me there, because I sold out in the low single digits.

        On BONT, you wanted it to go higher, and ignored the underlying story, in the short term.

        A new CEO isn't a panacea. He needs to perform. Maybe he will, maybe he won't. My point was that his communication style suggested to a decent degree that he might not be able to be trusted...because the communication style in press releases suggests a self-respect issue, to me.

        I have no opinion on this stock at current prices. The leverage is so high, it remains a crapshoot...although I would lean towards the buy side.

 
BONT
2.44+0.09(+3.83%)Apr 28 4:00 PMEDT