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hhgregg, Inc. Message Board

  • taffy123414 taffy123414 Jun 28, 2011 12:20 PM Flag

    Look at How CONN'S has been doing

    HGG , BBY and especially Conn's are Nice BUYS with a LOT of Short interest.It's possible the shorts are being squeezed a bit here because, although Conn's days to cover fell from a recent spike, at 19 days it's still pretty high (shorting Fools like to see the metric below seven days to prevent just such a run on the stock). CAPS member SharePlanner expected a short squeeze at the end of April: "Pay close attention to Conn's Inc. (CONN), which is posting a very nice bullish flag of late, and has 58 days to cover. If the shorts are forced to cover this one, it will be a blood bath for them."

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    • Conns is in terrible shape. Barely any cash and a ton of debt. HGG is going to do very well when people start spending again. 60% short interest. Its crazy.

      • 1 Reply to r2kpgn
      • Well, so far you have been wrong. hhgregg's stock keeps closing lower, and it has lower highs.

        We got the consumer sentiment poll a couple of days ago, and it is not good. Consumers are not shopping and their sentiment on the economy is very negative.

        As a result, we see all retail shares, except the high end guys like Nordstrom and Tiffany, down because their sales and profits are dropping and will continue to drop until Mr. and Mrs, Consumer change their sentiment. You will be able to buy hhgregg a lot cheaper than it is today, and I will be able to sell my puts for a lot more money than they are worth today. I already have a tidy profit in the puts, but they will become more valuable in the next few days.

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