they are clearly negotiating great lease prices coming into these new spaces so their costs for that are favorable. If you watch the 50 and 200 day trend lines, when it gets really above the 50, as it was, it pulls back, as it should. I still feel the story is realtively healthy and will probably buy back if it comes to the right price.I am not a technical analysis only person, but the charts do tell you some undeniable patterns. The institutions watch this also. It will pull back in the summer for sure when seasonal factors are poor for retail
Congrats on your move.. I feel this company will eventually have some explosive growth. However funny thing happened on the planning side..Feelings were that they would benefit hugely when Circuit City bit the dust. BBY also counted these same sheep for their holiday season.. Well folks they never came to either one. On the Plus side for Gregg they were caught off guard when appliance sales doubled from yoy black Friday. Inventory wasn't there to deliver and Chaos reigned and customer refunds were mightily..Wiped out the profits. You will see both BBY and HGG with lower top line growth if any when results are released. With gas approaching $3 consumers will stay away in droves.. Just wait and see. Good Luck
Same store sales data was released today and it was good. HGG & BBY don't release numbers, but since everyone else was good, investors have to assume these were good as well. There are not many sellers of HGG. It looks as if this gap up solidifies support at around $22. As BBY goes up, this one goes up even faster b/c it is opening new stores as there is a big growth potential.